Arbeitspapier
Gattopardo economics: The crisis and the mainstream response of change that keeps things the same
Gattopardo constitutes change that keeps things the same. Gattopardo is relevant for understanding the economics profession's response to the financial crash of 2008. This paper explores gattopardo economics as it applies to the issues of the macroeconomics of income distribution; the global financial imbalances; and inflation policy. Gattopardo economics adopts ideas developed by critics of mainstream economics, but it does so in a way that ignores the thrust of the original critique and leaves mainstream analysis unchanged. Gattopardo economics makes change more difficult because it deceives people into thinking change has taken place. By masquerading as change, it crowds-out space for real change. That makes exposing gattopardo economics a matter of vital importance.
- Language
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Englisch
- Bibliographic citation
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Series: IMK Working Paper ; No. 112
- Classification
-
Wirtschaft
Role of Economics; Role of Economists; Market for Economists
Sociology of Economics
Macroeconomics and Monetary Economics: General
- Subject
-
Gattopardo economics
income distribution
global financial imbalances
inflation policy
Einkommensverteilung
Inflationsbekämpfung
Alternative Ökonomie
- Event
-
Geistige Schöpfung
- (who)
-
Palley, Thomas I.
- Event
-
Veröffentlichung
- (who)
-
Hans-Böckler-Stiftung, Institut für Makroökonomie und Konjunkturforschung (IMK)
- (where)
-
Düsseldorf
- (when)
-
2013
- Handle
- URN
-
urn:nbn:de:101:1-201403118279
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Palley, Thomas I.
- Hans-Böckler-Stiftung, Institut für Makroökonomie und Konjunkturforschung (IMK)
Time of origin
- 2013
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