Economic Stabilization, Social Issues and The Role of Government

Bibliographic Data

ID9256366
AuthorsA G Malliaris (0000-0003-0568-5697, Loyola University Chicago, corresponding author)
Year1984
Volume42
Issue2
Pages117-129
Publication date1984-10-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueReview of Social Economy (JOURNAL)
Journal identifiersISSN: 0034-6764 • E-ISSN: 1470-1162
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/00346768400000003
OpenAlexW2067396294
LanguageEN
References cited20

In this paper we review rapidly the contributions of the founding fathers in economics and conclude that their subject matter was social economics, not just narrowly defined economics. Their vision was broader in dimension and richer in content compared to the neoclassi cists and their exhortation is clear: expand, do not reduce the economic vision. We also discuss the role of government in an economic system and recall that the Keynesian paradigm is compatible with an economically active public sector. We note, however, that current declines in produc? tivity and unsatisfactory overall economic performance are leading us away from a meaningful integration of growth policies that also empha? size social issues. In such an environment, the social economist cannot advocate a return to the past nor should he homilize about the grave consequences of antisocial policies. Instead, a creative new approach must be developed within our current social and political system that does not scorn the technical advances of analytical economics

Dimension (graph theory) · Economics · Government (linguistics) · Neoclassical economics · Political science · Politics · Positive economics · Public economics · Subject (documents) · Economic theories and models · Economic Theory and Institutions · Economic Theory and Policy · Law

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