Policy Intervention (Dymski)

Limites of policy intervention in world of neoliberal mechanism designs: paradoxes of the global crisis indicated by Gary A. Dymski. “The current global context poses several paradoxes: the recovery from the 2009 recession was not a recovery, investment, normally driven by profit rates, is lagging and not leading economic activity, the crisis is global but debate involves sub-global levels; and public safety-nets, which have helped to stabilize national income, are being cut. These paradoxes can be traced, in part, to the impact of the “truce” that followed the Keynesian-Monetarist controversy on economists`ideas about policy.” See PDF Attached