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CIRCULARITY OF ECONOMIC THEORIES

Jovan Đurašković ; Faculty of Economics, University of Montenegro, Podgorica, Montenegro
Milivoje Radović ; Faculty of Economics, University of Montenegro, Podgorica, Montenegro
Žarko Božović ; Faculty of Economics, University of Montenegro, Podgorica, Montenegro

Puni tekst: engleski, pdf (465 KB) str. 9-21 preuzimanja: 180* citiraj
APA 6th Edition
Đurašković, J., Radović, M. i Božović, Ž. (2016). CIRCULARITY OF ECONOMIC THEORIES. Informatologia, 49 (1-2), 9-21. Preuzeto s https://hrcak.srce.hr/161896
MLA 8th Edition
Đurašković, Jovan, et al. "CIRCULARITY OF ECONOMIC THEORIES." Informatologia, vol. 49, br. 1-2, 2016, str. 9-21. https://hrcak.srce.hr/161896. Citirano 19.08.2019.
Chicago 17th Edition
Đurašković, Jovan, Milivoje Radović i Žarko Božović. "CIRCULARITY OF ECONOMIC THEORIES." Informatologia 49, br. 1-2 (2016): 9-21. https://hrcak.srce.hr/161896
Harvard
Đurašković, J., Radović, M., i Božović, Ž. (2016). 'CIRCULARITY OF ECONOMIC THEORIES', Informatologia, 49(1-2), str. 9-21. Preuzeto s: https://hrcak.srce.hr/161896 (Datum pristupa: 19.08.2019.)
Vancouver
Đurašković J, Radović M, Božović Ž. CIRCULARITY OF ECONOMIC THEORIES. Informatologia [Internet]. 2016 [pristupljeno 19.08.2019.];49(1-2):9-21. Dostupno na: https://hrcak.srce.hr/161896
IEEE
J. Đurašković, M. Radović i Ž. Božović, "CIRCULARITY OF ECONOMIC THEORIES", Informatologia, vol.49, br. 1-2, str. 9-21, 2016. [Online]. Dostupno na: https://hrcak.srce.hr/161896. [Citirano: 19.08.2019.]

Sažetak
The paper analyzes the development of economic theory in a crisis period. Emphasis is placed on two crises: the Great Depression and the Global Economic Crisis. The paper aims to test the assumption of the circularity of economic theories through an analysis of the global crises as periods of transformation within the overall economic environment. The paper describes in some detail the Keynesian model originating after the period of the Great Depression. The second part of the paper explains the trends in the development of economic theory between the two crisis periods, as well as the theoretical context in which the Global Economic Crisis started. The research shows that during periods of global economic fluctuations and disturbances the leading theoretical framework for economic policy and changes in the economic paradigm are questioned. Inadequate government intervention in the period of the Great Depression, especially in the United States, was an important lesson for economic policy makers during the Global Crisis. In the world's economies affected by the crisis, anti-cyclical monetary and fiscal policies of the Keynesian type were implemented. After years of domination by the new liberal ideology in economic policy, there has been a sudden reaffirmation of the Keynesian approach.

Ključne riječi
Economic crises; Keynesian explanation; new monetary and economic policy

Hrčak ID: 161896

URI
https://hrcak.srce.hr/161896

[hrvatski]

Posjeta: 346 *