Economics, Econometrics and Finance
8 years ago

Economic policy must evolve constantly to anticipate and react effectively.

Journal of Evolutionary Economics
The theoretical bases of economic policy: the Schumpeterian perspective
Wolfgang F. Stolper

Paper Summary

Economic policy in a changing world needs to be flexible and adaptive, not just based on fixed rules. Looking at it from a Schumpeterian perspective, the focus is on being alert, responsive, and even predicting economic changes rather than just maintaining balance.

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