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The ‘Washington consensus’ and ‘shock therapy’ approach to transition economies ignored the Keynesian lessons from the Great Depression: that market instability is a possibility and there may be an active role of government in managing stability and growth. The severe output decline in...
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The quot;Washington consensusquot; and quot;shock therapyquot; approach to transition economies ignored the Keynesian lessons from the Great Depression: that market instability is a possibility and there may be an active role of government in managing stability and growth. The severe output...
Persistent link: https://www.econbiz.de/10012728585
to shed light on the causes of the long-term crisis, chaos, institutional violence, and lawlessness, and to enable the … generated a neoexploitative, apologetic, neo-totalitarian and crisis environment. The paper uses common methods of social and … conditioning of neoliberalism, alternative institutions, and the crisis have been carried out, and that their exponents (alleged …
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