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Introduction: The Social Meaning of Economics

In: Keynesianism, Social Conflict and Political Economy

Author

Listed:
  • Massimo Angelis

    (University of East London)

Abstract

The conventional wisdom that has informed the economic policies of governments around the world over the last two decades is rooted in neoliberal ideology. This is the old laissez-faire idea that markets operate for the better when left on their own, now set in the context of increasingly integrated global markets (the result of the deregulation of financial markets and trade liberalization), and combined with modern political discourses that recognize a government role in promoting competition and facilitating standards of market deregulation. Basic old-style Keynesianism — the idea that government should intervene through manipulation of aggregate demand in order to reach “full employment” — seems a closed chapter in the history of economics.1

Suggested Citation

  • Massimo Angelis, 2000. "Introduction: The Social Meaning of Economics," Palgrave Macmillan Books, in: Keynesianism, Social Conflict and Political Economy, chapter 1, pages 1-10, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-97749-1_1
    DOI: 10.1057/9780333977491_1
    as

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