Please use this identifier to cite or link to this item:
Full metadata record
DC FieldValueLanguage
dc.contributor.authorDow, Sheilaen_UK
dc.contributor.editorRochon, Louis-Philippeen_UK
dc.contributor.editorBougrine, Hassanen_UK
dc.description.abstractYet again the failure of mainstream economics to address an economic crisis has promoted the idea that economics itself is in crisis. Throughout their careers, Marc Lavoie and Mario Seccareccia have contributed, not only to the critique of mainstream economics, but also to building up alternative theories and theoretical frameworks better suited to addressing real macroeconomic problems. This chapter is offered in honour of these contributions, focusing on the issue of how far it is feasible to establish agreement (among experts, far less the wider community) on the facts and causal mechanisms which provide the basis for macroeconomic policy. Is it a binary choice between fake news and truth? It is argued here that there is scope for different logics (types of reason) and different accounts of the facts, evident in the rise of populism. But this does not mean that any theory or any facts can be asserted. While experts seek truth, it is in general a matter for persuasion rather than demonstration (far less assertion). For persuasion of the wider population to be effective, institutional development is required to ensure that expert analysis makes a (two-way) connection with people’s real experience.en_UK
dc.publisherEdward Elgaren_UK
dc.relationDow S (2020) Is macro in crisis?. In: Rochon L & Bougrine H (eds.) Credit, Money and Crises in Post-Keynesian Economics. New Directions in Post-Keynesian Economics. Cheltenham: Edward Elgar, pp. 231-245.
dc.relation.ispartofseriesNew Directions in Post-Keynesian Economicsen_UK
dc.rightsThis item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. Publisher policy allows this work to be made available in this repository. Published in Credit, Money and Crises in Post-Keynesian Economics (ed. by Louis-Philippe Rochon and Hassan Bougrine, copyright Edward Elgar Publishing. The original publication is available at: The only uses of this work permitted are private study or research.en_UK
dc.titleIs macro in crisis?en_UK
dc.typePart of book or chapter of booken_UK
dc.rights.embargoreason[2020 macro in crisis.pdf] Publisher requires embargo of 12 months after formal publication.en_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.citation.btitleCredit, Money and Crises in Post-Keynesian Economicsen_UK
dc.citation.isbn978 1 78643 954 3en_UK
dc.citation.isbn978 1 78643 955 0en_UK
rioxxterms.typeBook chapteren_UK
local.rioxx.authorDow, Sheila|0000-0001-9969-197Xen_UK
local.rioxx.projectInternal Project|University of Stirling|
local.rioxx.contributorRochon, Louis-Philippe|en_UK
local.rioxx.contributorBougrine, Hassan|en_UK
local.rioxx.filename2020 macro in crisis.pdfen_UK
local.rioxx.source978 1 78643 955 0en_UK
Appears in Collections:Economics Book Chapters and Sections

Files in This Item:
File Description SizeFormat 
2020 macro in crisis.pdfFulltext - Accepted Version398.94 kBAdobe PDFView/Open

This item is protected by original copyright

Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved

If you believe that any material held in STORRE infringes copyright, please contact providing details and we will remove the Work from public display in STORRE and investigate your claim.