Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105976
Authors: 
Palley, Thomas I.
Year of Publication: 
2013
Series/Report no.: 
IMK Working Paper 112
Abstract: 
Gattopardo constitutes change that keeps things the same. Gattopardo is relevant for understanding the economics profession's response to the financial crash of 2008. This paper explores gattopardo economics as it applies to the issues of the macroeconomics of income distribution; the global financial imbalances; and inflation policy. Gattopardo economics adopts ideas developed by critics of mainstream economics, but it does so in a way that ignores the thrust of the original critique and leaves mainstream analysis unchanged. Gattopardo economics makes change more difficult because it deceives people into thinking change has taken place. By masquerading as change, it crowds-out space for real change. That makes exposing gattopardo economics a matter of vital importance.
Subjects: 
Gattopardo economics
income distribution
global financial imbalances
inflation policy
JEL: 
A11
A14
E00
Document Type: 
Working Paper

Files in This Item:
File
Size





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