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A Review of the History of the Economy and Its Concepts: Change Is a Constant

In: Economic Instability and Stabilization Policy

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  • Ralf Pauly

    (Osnabrück University)

Abstract

This chapter gives a review of the economic history. Today, the ICT revolution unbundles national production processes and, with globalization, further drives economic change. Globalization has recently led to an international competitive struggle. A new perspective in their intervention policy is opening up for states. They can turn their attention more towards society: A strong knowledge-based society, together with innovative local companies, can bring new prosperity to the national economy from the bottom up.

Suggested Citation

  • Ralf Pauly, 2021. "A Review of the History of the Economy and Its Concepts: Change Is a Constant," Springer Books, in: Economic Instability and Stabilization Policy, chapter 0, pages 31-93, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-33626-4_2
    DOI: 10.1007/978-3-658-33626-4_2
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