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Krugman was President of the Eastern Economic Association in 2010, [11] and is among the most influential economists in the world. [12] He is known in academia for his work on international economics (including trade theory and international finance), [13] [14] economic geography, liquidity traps, and currency crises.
However, the rise of neoliberal free-market economics led to a decline in progressive economics towards the end of the 20th century, particularly in the United Kingdom, where the premiership of Margaret Thatcher saw the dismantling of powerful trade unions, reduction of government expenditure and increased privatisation in the 1980s which ...
This article lists notable socialist economists and political economists This is a dynamic list and may never be able to satisfy particular standards for completeness. You can help by adding missing items with reliable sources .
The German historical school of economics was an approach to academic economics and to public administration that emerged in the 19th century in Germany, and held sway there until well into the 20th century. The Historical school held that history was the key source of knowledge about human actions and economic matters, since economics was ...
But increasingly, mainstream as well as progressive economists are making the case that the prices just didn’t need to go up this much. Outside the U.S., corporations as well as governments have ...
Progressive capitalism is an economic framework that seeks to recalibrate the roles of the market, state, and civil society to enhance societal well-being. This approach advocates for a new social contract that leverages market forces and entrepreneurship while addressing issues such as market dominance, inequality, and the consequences of globalization.
In the "red 1930s", many young economists favoured Marxist views, even in Cambridge, [32] and while Keynes was engaging principally with the right to try to persuade them of the merits of more progressive policy, the most vociferous criticism against him came from the left, who saw him as a supporter of capitalism. From the 1950s and onwards ...
International trade theory is a sub-field of economics which analyzes the patterns of international trade, its origins, and its welfare implications. International trade policy has been highly controversial since the 18th century. International trade theory and economics itself have developed as means to evaluate the effects of trade policies.