Mmastodon BusinessFinance first seen 12 h ago, last 7 h ago, peak #6

Post-pandemic inflation shakes faith in mainstream economics

Original: 'in the pandemic’s wake, the ground underneath mainline, neoclassical economic theory and policy was buckling. Inflation

Commentators argue that in the wake of the pandemic, mainstream neoclassical economic theory and policy lost credibility as inflation surged back, driven by cascading macroeconomic shocks. With conventional economists struggling to explain or contain the price spike, attention has turned to heterodox thinkers offering alternative frameworks for understanding the post-Covid economy.

Why now: Lingering frustration over post-pandemic inflation is fueling renewed debate about the failures of mainstream economic thinking

neoclassical economicsheterodox economicsinflationpandemic

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Rank over time, top of the chart is #1. 5 snapshots from 12 h ago to 7 h ago.

Evidence

• 'in the pandemic’s wake, the ground underneath mainline, neoclassical economic theory and policy was buckling. Inflation...roared back with a vengeance, fueled on by cascading macroeconomic shocks. And as the neoclassical economists floundered, new heterodox thinkers stepped up… · oscarjiminy@aus.social · 4

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