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HOW DEEP IS THE CRISIS OF NEOCLASSICAL POLITICAL ECONOMY?

Yıl 2020, , 1 - 32, 31.03.2020
https://doi.org/10.17065/huniibf.470418

Öz

The paper aims to explain how deep the ongoing crisis of neoclassical political economy – NCPE is and if this crisis can be overcome through an inside-out change. For this purpose, the paper first investigates the roots of this crisis across the NCPE’s epistemological, economic, and political axioms at the level of theory. The paper then analyses the practical implications of this theoretical investigation with reference to the US model of political economy, including a comparative account of this model with the German model in terms of the commonality or variety of the NCPE’s impact on liberal and illiberal countries. The paper concludes that the NCPE’s ongoing crisis is an epistemological and systemic one emanating out of its flawed theoretico-practical pillars and that this crisis cannot be overcome through an inside-out change due to the inter-blocking dynamics of these pillars.

Kaynakça

  • Alvaredo, F., A.B. Atkinson, T., Piketty, E. Saez (2013), ‘The Top One Percent in International and Historical Perspective’, Journal of Economic Perspectives, 27(3), 1–21.
  • Arblaster, A. (1984), The Rise and Decline of Western Liberalism, Oxford: Basil Blackwell.
  • Baily, M.N., B.P. Bosworth (2014), ‘US Manufacturing: Understanding Its Past and Its Potential Future’, Journal of Economic Perspectives, 28(1), 3–26.
  • Ball, L., G. Mankiw (1998), ‘The New Keynesian Economics and the Output-Inflation Trade-off’, Brookings Papers on Economic Activity, 1, 1-82.
  • Bentham, J. (2000 [1781]), An Introduction to Principles of Morales and Legislation, Kitchener: Batoche Books.
  • Blanchard, O. (2018), ‘On the Future of Macroeconomic Models’, Oxford Review of Economic Policy, 34(1-2): 43-54.
  • Blant, R. (2010), The Neo-liberal State, Oxford: Oxford University Press.
  • Blyth, M. (2012), ‘Paradigms and Paradox: The Politics of Economic Ideas in Two Moments of Crisis’, Governance, 26(2), 197-215.
  • Braun, H.J. (2012), German Economy in the 20th Century, London: Routledge.
  • Buchanan, J.M. (2009 [1984]), ‘Constitutional Restrictions on the Power of Government’, in Buchanan, J.B., Tollison, R.D. (eds.), The Theory of Public Choice II, Ann Arbor: The University of Michigan Press, 439-52.
  • Buchanan, J.M. (2000 [1977]), Democracy in Deficit: The Political Legacy of Lord Keynes, Indianapolis: Liberty Fund.
  • Buchanan, J.M. (1980), 'Rent Seeking and Profit Seeking', in Buchanan, J.B., Tollison, R. D., Tullon. G. (eds), Toward a Theory of the Rent-seeking Society, Texas: Texas A&M University Press, 3–15.
  • Buchanan, J.M., R.E. Wagner (2000 [1977]), Democracy in Deficit: The Political Legacy of Lord Keynes, Indianapolis: Liberty Fund.
  • Buchanan, J.M., R.D. Tollison, G. Tullock (1980), Towards a Theory of the Rent-Seeking Society, Texas: Texas A & M University Press.
  • Bureau of Economic Analysis (2017), ‘National Accounts’, https://bea.gov/index.htm, E.T.: 05.02.2017.
  • Colander, D., M. Goldberg, A. Haas, K. Juselius, A. Kirman, T. Lux, B. Sloth (2009), ‘The Financial Crisis and the Systemic Failure of the Economics Profession’, Critical Review, 21(2-3), 249-67.
  • Destatis (2019), ‘German Economic Indicators’, https://www.destatis.de/EN/Homepage.html, E.T.: 31.12.2019.
  • Dewey, J. (1963 [1935], Liberalism and Social Action, New York: Capricorn Books.
  • Federal Reserve System (2017), ‘Enhanced Financial Accounts’, https://www.federalreserve.gov/datadownload /Choose. aspx?rel=Z.1, E.T.: 26.05.2017.
  • Freeden, M., M. Stears (2013), ‘Liberalism’, in Freeden, M., Sargent, L.T., Stears, M.(eds), Oxford Handboook of Political Ideologies, Oxford: Oxford University Press, 320-47.
  • Friedman, M., C.A.E. Goodhart (2003 [1970]), Money, Inflation, and the Constitutional Position of the Central Banks, London: Institute of Economic Affairs.
  • Friedman, M. (2002 [1971]), Capitalism as Freedom, Chicago: The University of Chicago Press.
  • Friedman, M. (1980), Free to Choose: The Classic Inquiry into The Relationship between Freedom and Economics, New York: Harcourt Brace Javonich.
  • Friedman, M. (1977), ‘Inflation and Unemployment’, Journal of Political Economy, 85(3), 451-72.
  • Friedman, M. (1968), ‘The Role of Monetary Policy’, American Economic Review, 58(1), 1-17.
  • Gordon, M. (1990), ‘What is New-Keynesian Economics’, Journal of Economic Literature, 28(3), 1115-71.
  • Greenwald, B., J.E. Stiglitz (1987), ‘Keynesian, New Keynesian and New Classical Economics’, Oxford Economic Papers, 39(1), 119-33.
  • Habermas, J. (1974), Theory and Practice, John Viertel (trans.), Boston: Beacon Press.
  • Hacker, J.S., P. Pierson (2011), Winner-Take-All Politics, New York: Simon and Schuster.
  • Harvey, D. (2007), A Brief History of Neoliberalism, Oxford: Oxford University Press.
  • Hay, C. (2013), The Failure of Anglo-liberal Capitalism, Basingstoke: Palgrave.
  • Hayek, F.A. (1998a [1973]), Law, Legislation and Liberty: Rules and Order, Volume I, London: Routledge.
  • Hayek, F.A. (1998b [1973]), Law, Legislation, and Liberty: The Mirage of Social Justice, Volume 2, London: Routledge.
  • Hibbs, D. (1987), The American Political Economy: Macroeconomics and Electoral Politics, Cambridge, MA: Harvard University Press.
  • Hirst, G., P. Thompson (1996), Globalization in Question, Malden: Polity.
  • IMF (2017), ‘Financial Statistics’, http://data.imf.org/?sk=5477AD05-460D-4C91-9690-11E99B1ED935& sId=1390030341854, E.T.: 07.04.2017.
  • James, W. (1916 [1907]), Pragmatism, Cambridge, MA: Harvard University Press.
  • Jevons, S. (2005 [1888]), The Theory of Political Economy, Liberty Fund, http://lf-oll.s3.amazonaws.com/titles/625/Jevons_0237_EBk_v6.0.pdf, E.T.: 02.12.2016.
  • Keynes, J. M (1964[1936]), General Theory of Employment, Interest and Money, XIX, London: H.Hamilton.
  • Kim, S.H., C. Muldoon (2015), ‘The Dodd-Frank Wall Street Reform and Consumer Protection Act: Accomplishments and Shortcomings’, Journal of Applied Business and Economics, 17(3), 92–107.
  • Krugman, P. (2009), ‘How did Economists Get it So Wrong’, New York Times, Sept 2 2009 https://www.nytimes.com/2009/09/06/magazine/06Economic-t.html, E.T.: 05.06.2018.
  • Lawson, T. (2013), ‘What is This ‘School’ Called Neoclassical Economics?, Cambridge Journal of Economics, 37, 947-83.
  • Lucas, R. (2003), ‘Macroeconomic Priorities, Presidential Address at the 155 Meeting of the American Economic Association’, January 4, 2003, Washington DC., http://pages.stern.nyu.edu/~dbackus/Taxes/Lucas%20priorities%20AER%2003.pdf, E.T.: 07.06.2018.
  • Manning, D.J. (1976), Liberalism, London: J. M. Dent & Sons.
  • Meulendyke, A. (1998), U.S. Monetary Policy and Financial Markets, Federal Reserve Bank of New York., https://research.stlouisfed.org/aggreg/meulendyke.pdf, E.T. 08.05.2017.
  • Mill, J.S. [2004 (1848)], ‘Principles of Political Economy with Some of Their Applications to Social Philosophy’, Indianapolis, IN: Hackett Publishin Company.
  • Mises, L.V. (2005 [1927]), Liberalism: The Classical Tradition, Indianapolis: Liberty Fund.
  • Nester, W.R. (1998), A Short History of American Industrial Policies, Basingstoke: Macmillan.
  • North, D. (1990), Institutions, Institutional Change and Economic Performance, Cambridge: Cambridge University Press.
  • O’Boyle, B. (2017), ‘From Newton to Hobbes: The Metaphysical Foundations of Maintstream Economics’, Cambridge Journal of Economics, 41, 1587-605.
  • Ostrom, E. (1990), Governing the Commons, Cambridge: Cambridge University Press.
  • Palley, T. (2013), Financialization: The Economics of Finance Capital Domination. Basingstoke: Palgrave Macmillan.
  • Palley, T. (2012), From Financial Crisis to Stagnation: The Destruction of Shared Prosperity and the Role of Economics, Cambridge: CUP.
  • PENN (2017), ‘World Tables 9.0.”, https://www.rug.nl/ggdc/productivity/pwt/, E.T. 08.10.2018.
  • Piketty, T. (2013), Capital in the Twenty-First Century, Cambridge, MA: Belknap Press.
  • Polanyi, K. (1989 [1944]), The Great Transformation: The Political and Economic Origins of Our Time, Boston: Beacon Press.
  • Putnam, H. (1995), Words and Life, Cambridge MA: Harvard University Press.
  • Rawls, J. (1999 [1971]), A Theory of Social Justice, Cambridge, MA: Belknap Press.
  • Rawls, J. (1996), Political Liberalism, New York: Columbia University Press.
  • Razeen, S. (1998), Classical Liberalism and International Economic Order Studies in Theory and Intellectual History, London: Routledge.
  • Romer, D. (2012), ‘What Have We Learned about Fiscal Policy from the Crisis’, in Blanchard, O., Stiglitz,J., Spence, M., Romer, D. (eds), In the Wake of the Crisis: Leading Economists Reassess Economic Policy, Cambridge, MA: MIT Press, 57-66.
  • Romer, C.D., D. Romer (2013), ‘The Most Dangerous Idea in Federal Reserve History: Monetary Policy Doesn’t Matter’, American Economic Review, 103(3): 55-60.
  • Screpanti, E., S. Zarnagni (2005), An Outline of the History of Economic Thought, Second Ed., Field, D., Kirby, L. (transl.), Oxford: Oxford University Press.
  • Smith, A (1976 [1776]), An Inquiry into the Nature and Causes of the Wealth of Nations, Volume I and II, Oxford: Clarendon Press.
  • Snowdon, B., H.W. Vane (2005), Modern Macroeconomics: Its Origins, Development and Current State, Cheltenham: Edward Elgar.
  • Spence, M., J. Stiglitz (2012), In the Wake of Crisis: Leading Economists Reasses Economic Policy, Cambridge: The MIT Press, 57-66.
  • Stiglitz, J. (2016), Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity, New York: W.W.Norton.
  • Stiglitz, J. (2013), The Price of Inequality, New York: W. W. Norton & Company.
  • Stiglitz, J. (2012), ‘Macroeconomics, Monetary Policy, and the Crisis’, in Blanchard, O., Stiglitz,J., Spence, M., Romer, D. (eds), In the Wake of the Crisis: Leading Economists Reassess Economic Policy, Cambridge, MA: MIT Press, 31-40.
  • Stiglitz, J. (2010), ‘The Financial Crisis of 2007-8 and Its Macroeconomic Consequences’, in Griffith-Jones, S., Ocampo, J.A., Stiglitz, J. (eds.), Time for a Visible Hand, Oxford: OUP, 19-49.
  • Stiglitz, J. (2008), ‘Is There a Post-Washington Consensus?, in Serra, N., Stiglitz, J. (eds.), The Washington Consensus Reconsidered, Oxford: Oxford University Press, 41-56.
  • Stillwell, F. (2006), Political Economy: The Contest of Economic Ideas, Oxford: Oxford University Press.
  • Storm, S., C.W.M. Naastead (2015), ‘Crisis and Recovery in the German Economy: The Real Lessons, Structural Change and Economic Dynamics, 32, 11-24.
  • Strange, S. (1994), ‘From Bretton Woods to the Casino Economy’, in Corbridge, S., Martin, M., Thrift, N. (eds.), Money, Power and Space, Oxford: Blackwell, 49-63.
  • Streeck, W. (1997), ‘German Model: Does it Exist, Can it Survive?’, New Political Economy, 2(2), 237-56.
  • Tsoulfidis, L. (2010), Competing Schools of Economic Thought, Heidelberg: Springer.
  • U.S. Census Bureau. (2017), Current Population Survey, Annual Social and Economic Supplements, https://catalog.data.gov/dataset/current-population-survey-annual-social-and-economic-supplement, E. T. 02.03.2019.
  • U.S. President. (1990), Economic Report of the President. Washington, DC: Government Printing Office.
  • U.S. President (2016), Economic Report of the President. Washington, DC: Government Printing Office.
  • Veblen, V. (1900), ‘The Preconceptions of Economic Science’, Quarterly Journal of Economics, 14, 240-69.
  • Walker, D.A. (2003), ‘Early General Equilibrium Economics: Walras, Pareto, and Cassel’, in Samuels, W.J., Biddle, J.E., Davis, J.B. (eds.), A Companion to the History of Economic Thought, Malden, MA: Blackwell.
  • Wallerstein, I. (2011), The Modern World-System IV: Centrist Liberalism Triumphant, 1789-1914, Berkeley: California University Press.
  • Wallerstein, I. (1980), The Capitalist World-Economy, Cambridge: Cambridge University Press.
  • Walras, L. (1965[1926]), Elements of Pure Economics or The Theory of Social Welfare. Jaffé, W. (transl.), London: George Allen and Unwin.
  • Williamson, O.E. (2000), ‘New Institutional Economics: Taking Stock, Looking Ahead’, Journal of Economic Literature, 38(3), 595-613.
  • Williamson, O.E. (1979), ‘Transaction-Cost Economics: The Governance of Contractual Relations’, Journal of Law and Economics, 22(2), 233-61.
  • Woodruff, W. (2002), A Concise History of the Modern World: 1500 to the Present, Houndsmill: Palgrave McMillan.
  • World Bank (1997), The State in a Changing World, New York: Oxford University Press.

NEO-KLASİK POLİTİK İKTİSADIN KRİZİ NE KADAR DERİN?

Yıl 2020, , 1 - 32, 31.03.2020
https://doi.org/10.17065/huniibf.470418

Öz

Bu çalışma neoklasik ekonomi politiğin - NKEP devam eden krizinin yapısal derinliğini ve krizin neoklasik modelin kendi politika araçları ile aşılıp aşılamayacağını açıklamayı hedeflemektedir. Çalışma, ilk olarak, anılan krizin temellerini neoklasik teorinin epistemolojik, iktisadi ve siyasal dinamikleri çerçevesinde ve teorik ölçekte irdelemektedir. İkinci olarak ise bu teorik analizin pratik içerimlerini ABD’nin ekonomi politik modeline referansla açıklamaktadır. Bu analiz, ayrıca, NKEP’nin liberal ve liberal olmayan ekonomiler üzerindeki etkisinin ortak ve farklı içerimlerini açıklamayı amaçlayan ABD ve Alman modelleri arasındaki bir karşılaştırmayı da içermektedir. Çalışmada, NKEP’nin devam eden krizinin sorunlu teorik ve pratik dinamiklerinden kaynaklandığı ve bu dinamiklerin sistemik bir değişimi bloke eden özellikleri nedeniyle anılan krizin NKEP’nin içsel politika araçlarıyla aşılmasının mümkün olmadığı sonucuna varılmaktadır.

Kaynakça

  • Alvaredo, F., A.B. Atkinson, T., Piketty, E. Saez (2013), ‘The Top One Percent in International and Historical Perspective’, Journal of Economic Perspectives, 27(3), 1–21.
  • Arblaster, A. (1984), The Rise and Decline of Western Liberalism, Oxford: Basil Blackwell.
  • Baily, M.N., B.P. Bosworth (2014), ‘US Manufacturing: Understanding Its Past and Its Potential Future’, Journal of Economic Perspectives, 28(1), 3–26.
  • Ball, L., G. Mankiw (1998), ‘The New Keynesian Economics and the Output-Inflation Trade-off’, Brookings Papers on Economic Activity, 1, 1-82.
  • Bentham, J. (2000 [1781]), An Introduction to Principles of Morales and Legislation, Kitchener: Batoche Books.
  • Blanchard, O. (2018), ‘On the Future of Macroeconomic Models’, Oxford Review of Economic Policy, 34(1-2): 43-54.
  • Blant, R. (2010), The Neo-liberal State, Oxford: Oxford University Press.
  • Blyth, M. (2012), ‘Paradigms and Paradox: The Politics of Economic Ideas in Two Moments of Crisis’, Governance, 26(2), 197-215.
  • Braun, H.J. (2012), German Economy in the 20th Century, London: Routledge.
  • Buchanan, J.M. (2009 [1984]), ‘Constitutional Restrictions on the Power of Government’, in Buchanan, J.B., Tollison, R.D. (eds.), The Theory of Public Choice II, Ann Arbor: The University of Michigan Press, 439-52.
  • Buchanan, J.M. (2000 [1977]), Democracy in Deficit: The Political Legacy of Lord Keynes, Indianapolis: Liberty Fund.
  • Buchanan, J.M. (1980), 'Rent Seeking and Profit Seeking', in Buchanan, J.B., Tollison, R. D., Tullon. G. (eds), Toward a Theory of the Rent-seeking Society, Texas: Texas A&M University Press, 3–15.
  • Buchanan, J.M., R.E. Wagner (2000 [1977]), Democracy in Deficit: The Political Legacy of Lord Keynes, Indianapolis: Liberty Fund.
  • Buchanan, J.M., R.D. Tollison, G. Tullock (1980), Towards a Theory of the Rent-Seeking Society, Texas: Texas A & M University Press.
  • Bureau of Economic Analysis (2017), ‘National Accounts’, https://bea.gov/index.htm, E.T.: 05.02.2017.
  • Colander, D., M. Goldberg, A. Haas, K. Juselius, A. Kirman, T. Lux, B. Sloth (2009), ‘The Financial Crisis and the Systemic Failure of the Economics Profession’, Critical Review, 21(2-3), 249-67.
  • Destatis (2019), ‘German Economic Indicators’, https://www.destatis.de/EN/Homepage.html, E.T.: 31.12.2019.
  • Dewey, J. (1963 [1935], Liberalism and Social Action, New York: Capricorn Books.
  • Federal Reserve System (2017), ‘Enhanced Financial Accounts’, https://www.federalreserve.gov/datadownload /Choose. aspx?rel=Z.1, E.T.: 26.05.2017.
  • Freeden, M., M. Stears (2013), ‘Liberalism’, in Freeden, M., Sargent, L.T., Stears, M.(eds), Oxford Handboook of Political Ideologies, Oxford: Oxford University Press, 320-47.
  • Friedman, M., C.A.E. Goodhart (2003 [1970]), Money, Inflation, and the Constitutional Position of the Central Banks, London: Institute of Economic Affairs.
  • Friedman, M. (2002 [1971]), Capitalism as Freedom, Chicago: The University of Chicago Press.
  • Friedman, M. (1980), Free to Choose: The Classic Inquiry into The Relationship between Freedom and Economics, New York: Harcourt Brace Javonich.
  • Friedman, M. (1977), ‘Inflation and Unemployment’, Journal of Political Economy, 85(3), 451-72.
  • Friedman, M. (1968), ‘The Role of Monetary Policy’, American Economic Review, 58(1), 1-17.
  • Gordon, M. (1990), ‘What is New-Keynesian Economics’, Journal of Economic Literature, 28(3), 1115-71.
  • Greenwald, B., J.E. Stiglitz (1987), ‘Keynesian, New Keynesian and New Classical Economics’, Oxford Economic Papers, 39(1), 119-33.
  • Habermas, J. (1974), Theory and Practice, John Viertel (trans.), Boston: Beacon Press.
  • Hacker, J.S., P. Pierson (2011), Winner-Take-All Politics, New York: Simon and Schuster.
  • Harvey, D. (2007), A Brief History of Neoliberalism, Oxford: Oxford University Press.
  • Hay, C. (2013), The Failure of Anglo-liberal Capitalism, Basingstoke: Palgrave.
  • Hayek, F.A. (1998a [1973]), Law, Legislation and Liberty: Rules and Order, Volume I, London: Routledge.
  • Hayek, F.A. (1998b [1973]), Law, Legislation, and Liberty: The Mirage of Social Justice, Volume 2, London: Routledge.
  • Hibbs, D. (1987), The American Political Economy: Macroeconomics and Electoral Politics, Cambridge, MA: Harvard University Press.
  • Hirst, G., P. Thompson (1996), Globalization in Question, Malden: Polity.
  • IMF (2017), ‘Financial Statistics’, http://data.imf.org/?sk=5477AD05-460D-4C91-9690-11E99B1ED935& sId=1390030341854, E.T.: 07.04.2017.
  • James, W. (1916 [1907]), Pragmatism, Cambridge, MA: Harvard University Press.
  • Jevons, S. (2005 [1888]), The Theory of Political Economy, Liberty Fund, http://lf-oll.s3.amazonaws.com/titles/625/Jevons_0237_EBk_v6.0.pdf, E.T.: 02.12.2016.
  • Keynes, J. M (1964[1936]), General Theory of Employment, Interest and Money, XIX, London: H.Hamilton.
  • Kim, S.H., C. Muldoon (2015), ‘The Dodd-Frank Wall Street Reform and Consumer Protection Act: Accomplishments and Shortcomings’, Journal of Applied Business and Economics, 17(3), 92–107.
  • Krugman, P. (2009), ‘How did Economists Get it So Wrong’, New York Times, Sept 2 2009 https://www.nytimes.com/2009/09/06/magazine/06Economic-t.html, E.T.: 05.06.2018.
  • Lawson, T. (2013), ‘What is This ‘School’ Called Neoclassical Economics?, Cambridge Journal of Economics, 37, 947-83.
  • Lucas, R. (2003), ‘Macroeconomic Priorities, Presidential Address at the 155 Meeting of the American Economic Association’, January 4, 2003, Washington DC., http://pages.stern.nyu.edu/~dbackus/Taxes/Lucas%20priorities%20AER%2003.pdf, E.T.: 07.06.2018.
  • Manning, D.J. (1976), Liberalism, London: J. M. Dent & Sons.
  • Meulendyke, A. (1998), U.S. Monetary Policy and Financial Markets, Federal Reserve Bank of New York., https://research.stlouisfed.org/aggreg/meulendyke.pdf, E.T. 08.05.2017.
  • Mill, J.S. [2004 (1848)], ‘Principles of Political Economy with Some of Their Applications to Social Philosophy’, Indianapolis, IN: Hackett Publishin Company.
  • Mises, L.V. (2005 [1927]), Liberalism: The Classical Tradition, Indianapolis: Liberty Fund.
  • Nester, W.R. (1998), A Short History of American Industrial Policies, Basingstoke: Macmillan.
  • North, D. (1990), Institutions, Institutional Change and Economic Performance, Cambridge: Cambridge University Press.
  • O’Boyle, B. (2017), ‘From Newton to Hobbes: The Metaphysical Foundations of Maintstream Economics’, Cambridge Journal of Economics, 41, 1587-605.
  • Ostrom, E. (1990), Governing the Commons, Cambridge: Cambridge University Press.
  • Palley, T. (2013), Financialization: The Economics of Finance Capital Domination. Basingstoke: Palgrave Macmillan.
  • Palley, T. (2012), From Financial Crisis to Stagnation: The Destruction of Shared Prosperity and the Role of Economics, Cambridge: CUP.
  • PENN (2017), ‘World Tables 9.0.”, https://www.rug.nl/ggdc/productivity/pwt/, E.T. 08.10.2018.
  • Piketty, T. (2013), Capital in the Twenty-First Century, Cambridge, MA: Belknap Press.
  • Polanyi, K. (1989 [1944]), The Great Transformation: The Political and Economic Origins of Our Time, Boston: Beacon Press.
  • Putnam, H. (1995), Words and Life, Cambridge MA: Harvard University Press.
  • Rawls, J. (1999 [1971]), A Theory of Social Justice, Cambridge, MA: Belknap Press.
  • Rawls, J. (1996), Political Liberalism, New York: Columbia University Press.
  • Razeen, S. (1998), Classical Liberalism and International Economic Order Studies in Theory and Intellectual History, London: Routledge.
  • Romer, D. (2012), ‘What Have We Learned about Fiscal Policy from the Crisis’, in Blanchard, O., Stiglitz,J., Spence, M., Romer, D. (eds), In the Wake of the Crisis: Leading Economists Reassess Economic Policy, Cambridge, MA: MIT Press, 57-66.
  • Romer, C.D., D. Romer (2013), ‘The Most Dangerous Idea in Federal Reserve History: Monetary Policy Doesn’t Matter’, American Economic Review, 103(3): 55-60.
  • Screpanti, E., S. Zarnagni (2005), An Outline of the History of Economic Thought, Second Ed., Field, D., Kirby, L. (transl.), Oxford: Oxford University Press.
  • Smith, A (1976 [1776]), An Inquiry into the Nature and Causes of the Wealth of Nations, Volume I and II, Oxford: Clarendon Press.
  • Snowdon, B., H.W. Vane (2005), Modern Macroeconomics: Its Origins, Development and Current State, Cheltenham: Edward Elgar.
  • Spence, M., J. Stiglitz (2012), In the Wake of Crisis: Leading Economists Reasses Economic Policy, Cambridge: The MIT Press, 57-66.
  • Stiglitz, J. (2016), Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity, New York: W.W.Norton.
  • Stiglitz, J. (2013), The Price of Inequality, New York: W. W. Norton & Company.
  • Stiglitz, J. (2012), ‘Macroeconomics, Monetary Policy, and the Crisis’, in Blanchard, O., Stiglitz,J., Spence, M., Romer, D. (eds), In the Wake of the Crisis: Leading Economists Reassess Economic Policy, Cambridge, MA: MIT Press, 31-40.
  • Stiglitz, J. (2010), ‘The Financial Crisis of 2007-8 and Its Macroeconomic Consequences’, in Griffith-Jones, S., Ocampo, J.A., Stiglitz, J. (eds.), Time for a Visible Hand, Oxford: OUP, 19-49.
  • Stiglitz, J. (2008), ‘Is There a Post-Washington Consensus?, in Serra, N., Stiglitz, J. (eds.), The Washington Consensus Reconsidered, Oxford: Oxford University Press, 41-56.
  • Stillwell, F. (2006), Political Economy: The Contest of Economic Ideas, Oxford: Oxford University Press.
  • Storm, S., C.W.M. Naastead (2015), ‘Crisis and Recovery in the German Economy: The Real Lessons, Structural Change and Economic Dynamics, 32, 11-24.
  • Strange, S. (1994), ‘From Bretton Woods to the Casino Economy’, in Corbridge, S., Martin, M., Thrift, N. (eds.), Money, Power and Space, Oxford: Blackwell, 49-63.
  • Streeck, W. (1997), ‘German Model: Does it Exist, Can it Survive?’, New Political Economy, 2(2), 237-56.
  • Tsoulfidis, L. (2010), Competing Schools of Economic Thought, Heidelberg: Springer.
  • U.S. Census Bureau. (2017), Current Population Survey, Annual Social and Economic Supplements, https://catalog.data.gov/dataset/current-population-survey-annual-social-and-economic-supplement, E. T. 02.03.2019.
  • U.S. President. (1990), Economic Report of the President. Washington, DC: Government Printing Office.
  • U.S. President (2016), Economic Report of the President. Washington, DC: Government Printing Office.
  • Veblen, V. (1900), ‘The Preconceptions of Economic Science’, Quarterly Journal of Economics, 14, 240-69.
  • Walker, D.A. (2003), ‘Early General Equilibrium Economics: Walras, Pareto, and Cassel’, in Samuels, W.J., Biddle, J.E., Davis, J.B. (eds.), A Companion to the History of Economic Thought, Malden, MA: Blackwell.
  • Wallerstein, I. (2011), The Modern World-System IV: Centrist Liberalism Triumphant, 1789-1914, Berkeley: California University Press.
  • Wallerstein, I. (1980), The Capitalist World-Economy, Cambridge: Cambridge University Press.
  • Walras, L. (1965[1926]), Elements of Pure Economics or The Theory of Social Welfare. Jaffé, W. (transl.), London: George Allen and Unwin.
  • Williamson, O.E. (2000), ‘New Institutional Economics: Taking Stock, Looking Ahead’, Journal of Economic Literature, 38(3), 595-613.
  • Williamson, O.E. (1979), ‘Transaction-Cost Economics: The Governance of Contractual Relations’, Journal of Law and Economics, 22(2), 233-61.
  • Woodruff, W. (2002), A Concise History of the Modern World: 1500 to the Present, Houndsmill: Palgrave McMillan.
  • World Bank (1997), The State in a Changing World, New York: Oxford University Press.
Toplam 88 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
Yazarlar

Taner Akan

Yayımlanma Tarihi 31 Mart 2020
Gönderilme Tarihi 2 Ekim 2018
Yayımlandığı Sayı Yıl 2020

Kaynak Göster

APA Akan, T. (2020). HOW DEEP IS THE CRISIS OF NEOCLASSICAL POLITICAL ECONOMY?. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 38(1), 1-32. https://doi.org/10.17065/huniibf.470418
AMA Akan T. HOW DEEP IS THE CRISIS OF NEOCLASSICAL POLITICAL ECONOMY?. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. Mart 2020;38(1):1-32. doi:10.17065/huniibf.470418
Chicago Akan, Taner. “HOW DEEP IS THE CRISIS OF NEOCLASSICAL POLITICAL ECONOMY?”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi 38, sy. 1 (Mart 2020): 1-32. https://doi.org/10.17065/huniibf.470418.
EndNote Akan T (01 Mart 2020) HOW DEEP IS THE CRISIS OF NEOCLASSICAL POLITICAL ECONOMY?. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 38 1 1–32.
IEEE T. Akan, “HOW DEEP IS THE CRISIS OF NEOCLASSICAL POLITICAL ECONOMY?”, Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, c. 38, sy. 1, ss. 1–32, 2020, doi: 10.17065/huniibf.470418.
ISNAD Akan, Taner. “HOW DEEP IS THE CRISIS OF NEOCLASSICAL POLITICAL ECONOMY?”. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi 38/1 (Mart 2020), 1-32. https://doi.org/10.17065/huniibf.470418.
JAMA Akan T. HOW DEEP IS THE CRISIS OF NEOCLASSICAL POLITICAL ECONOMY?. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2020;38:1–32.
MLA Akan, Taner. “HOW DEEP IS THE CRISIS OF NEOCLASSICAL POLITICAL ECONOMY?”. Hacettepe Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, c. 38, sy. 1, 2020, ss. 1-32, doi:10.17065/huniibf.470418.
Vancouver Akan T. HOW DEEP IS THE CRISIS OF NEOCLASSICAL POLITICAL ECONOMY?. Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. 2020;38(1):1-32.

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