Conceptual Misunderstandings in the Structuration of Anti-Crisis Economic Policy: Lessons from the Greek Case

Charis Vlados, Nikolaos Deniozos (), Dimos Chatzinikolaou and Michail Demertzis ()
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Nikolaos Deniozos: National and Kapodistrian University of Greece - Department of Turkish Studies and Modern Asian Studies
Michail Demertzis: Democritus University of Thrace, School of Law

No 5-2018, DUTH Research Papers in Economics from Democritus University of Thrace, Department of Economics

Abstract: The objective of this study is to clarify the prevailing vague and sometimes misguided understanding regarding the articulation of economic policy, especially in the context of socioeconomic systems in structural crisis. The distortions of the economic policy are keep reproducing and spreading usually because of three disorientating conceptual sources: a) the view of economic policy supposedly as a de-ideologized construction, or as a de-technicalized voluntarism, b) the view of economic policy supposedly as a de-strategized synthesis, c) the view of economic policy as a supposedly automatic, ungradated and timeless procedure. For a socioeconomic system to exit from its crisis and by applying these concepts to the Greek case, we see as a prerequisite the interruption of this vicious circle of misconceptions, towards the trajectory of a virtuous circle of valid understanding the meaning of economic policy.

Keywords: Economic Policy; Normative Versus Positivistic Economics; Economic Policy Strategy; Structural Versus Conjunctural Economic Policy; Greek Crisis (search for similar items in EconPapers)
JEL-codes: E61 F68 L59 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2018-11-30
Note: Journal of Governance and Public Policy, 5(3), 283–322, 2018
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