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BRACE for a New Interventionist Economics

60 Pages Posted: 12 Jun 2014  

Roger Koppl

Syracuse University

William J. Luther

Kenyon College

Date Written: March 28, 2010


The Great Recession seems to be creating a New Interventionist Economics characterized by bubbles, radical uncertainty, animal spirits, complexity dynamics, and extra-market control. When placed in that order, these characteristic create the acronym BRACE. We review some evidence and literature pointing to BRACE economics and briefly suggest some avenues to challenge the new interventionists.

Keywords: E32, G12, E5, E6

JEL Classification: animal spirits, Great Recession, interventionism, complexity

Suggested Citation

Koppl, Roger and Luther, William J., BRACE for a New Interventionist Economics (March 28, 2010). Available at SSRN: or

Roger Koppl (Contact Author)

Syracuse University ( email )

900 S. Crouse Avenue
Syracuse, NY 13244-2130
United States
3154434535 (Phone)
3154421449 (Fax)


William J. Luther

Kenyon College ( email )

Gambier, OH 43022
United States


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