IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-658-33626-4_5.html
   My bibliography  Save this book chapter

Conclusion: Changing Economic Policies

In: Economic Instability and Stabilization Policy

Author

Listed:
  • Ralf Pauly

    (Osnabrück University)

Abstract

Two narratives tell us about the common welfare. The Smith narrative lets the invisible hand work in the market. In the Keynesian narrative, the state is the visible hand which intervenes in the economy for the common good. Economic change and its continuing stabilization are associated with instability, inequality, distorted markets and the threat of intertemporal imbalance. They narrow future perspectives. To make the future promising again, the state should realign its policies. It can turn its support to a knowledge-based society and innovative companies at a local level. In this way, the state can unleash forces of people at local level for new national welfare.

Suggested Citation

  • Ralf Pauly, 2021. "Conclusion: Changing Economic Policies," Springer Books, in: Economic Instability and Stabilization Policy, chapter 0, pages 209-221, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-33626-4_5
    DOI: 10.1007/978-3-658-33626-4_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-658-33626-4_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.