Since 2014
Keynesian Spiritus Animales Approach and the Transformation of the Capitalist System
Turkish Economic Review
View Archive Info| Field | Value | |
| Title |
Keynesian Spiritus Animales Approach and the Transformation of the Capitalist System
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| Creator |
ALPAGU, Hasan; Istanbul Sabahattin Zaim University, Faculty of Business and Management Sciences, hasan.alpagu@izu.edu.tr, Tel.0212 692 97 74
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| Subject |
Keynes; Capitalism; EU; Economic Transformation; Globalization.
A14; B20; B52; F01. |
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| Description |
Abstract. Economic crises have radical consequences. They are major challenges for national and international social policy. The crises are also the cause of reform and of re-definition of theories. The Keynesian approach also emerged from an economic crisis and it has reformed the capitalist system. However, the Keynesian theory itself now needs to be reformed. This paper aims to bring light into the Keynesian theory and the transformation process of capital system. Finally, as lessons for the future two conclusions arise: Firstly, policy makers shall continue to have the assumption that economic crises do not have a simple and permanent solution, which is valid at any time. Secondly, it needs not only traditional economic policies, but especially institutional reforms and new innovative perspectives. In this respect, the Keynesian definition “animal spirit of capitalism” can be useful in predicting the next policy of the liberal economy in the age of globalism.Keywords. Keynes, Capitalism, EU, Economic Transformation, Globalization.JEL. A14, B20, B52, F01.
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| Publisher |
Turkish Economic Review
Turkish Economic Review |
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| Contributor |
—
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| Date |
2016-06-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/TER/article/view/837
10.1453/ter.v3i2.837 |
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| Source |
Turkish Economic Review; Vol 3, No 2 (2016): June; 367-372
Turkish Economic Review; Vol 3, No 2 (2016): June; 367-372 2149-0414 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/TER/article/view/837/893
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| Rights |
Copyright (c) 2016 Turkish Economic Review
http://creativecommons.org/licenses/by-nc/4.0 |
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