Abstract

STIGLITZ, Joseph E.. Neoliberalism, Keynesian economics, and responding to today’s inflation. El trimestre econ [online]. 2024, vol.91, n.363, pp.707-749.  Epub Jan 20, 2025. ISSN 2448-718X.  https://doi.org/10.20430/ete.v91i363.2442.

The article criticizes the neoliberal policies that are usually applied to solve the various economic crises and problems of recent decades. It argues that such actions are not based on the economic reality, so they are not effective, nor do they focus on the ways in which they negatively affect different social groups-such as unemployment, increased inequality, and housing crises, since they are only conceived as collateral damage. This reflection is based on the economic policies applied to two current phenomena: the crisis caused by the COVID-19 pandemic and inflation, which have highlighted the need for a more active government intervention.

Keywords : Criticism of neoliberalism; Keynesianism; inflation; pandemic; economic models; crisis; markets.

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