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

Journal of Governance and Public Policy, 5(3), 283–322, 2018

40 Pages Posted: 30 Apr 2019

See all articles by Charis Vlados

Charis Vlados

Democritus University of Thrace, Department of Economics

Nikolaos Deniozos

University of Greece - Department of Turkish Studies and Modern Asian Studies National and Kapodistrian

Dimos Chatzinikolaou

Democritus University of Thrace, Department of Economics

Michail Demertzis

Democritus University of Thrace, School of Law, Students

Date Written: November 30, 2018

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

Suggested Citation

Vlados, Charis and Deniozos, Nikolaos and Chatzinikolaou, Dimos and Demertzis, Michail, Conceptual Misunderstandings in the Structuration of Anti-Crisis Economic Policy: Lessons from the Greek Case (November 30, 2018). Journal of Governance and Public Policy, 5(3), 283–322, 2018, Available at SSRN: https://ssrn.com/abstract=3362085

Charis Vlados (Contact Author)

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

Nikolaos Deniozos

University of Greece - Department of Turkish Studies and Modern Asian Studies National and Kapodistrian ( email )

Greece

Dimos Chatzinikolaou

Democritus University of Thrace, Department of Economics ( email )

Komotini
Greece

Michail Demertzis

Democritus University of Thrace, School of Law, Students ( email )

Greece

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