Uman NUH | today: 04/13/2024
| Author(s) |
А. А. ОСІПОВА, , , Непочатенко З. В., , , |
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|---|---|---|---|
| Category | Economics | ||
| year | 2023 | issue | Issue number 103. Part 2 |
| pages | 73-82 | index UDK | 338.24.01 | DOI | 10.32782/2415-8240-2023-103-2-73-82 (Link) |
| Abstract | The article examines the evolution of scientific views on state anti-crisis regulation of the economy, tracing the path from classical and neoclassical theories to the modern era. The article provides a comprehensive overview of how economic thought has responded to major crises, including the Great Depression, the stagflation of the 1970 s, the financial crisis of 2008, the COVID-19 pandemic, and Russia’s armed aggression against Ukraine. Using a combination of dialectical, analytical and inductive methods, the article compares and contrasts different economic models, assessing their relevance and effectiveness in different historical contexts. The article highlights the transition from laissez-faire to more interventionist policies, exploring the interaction of political, cultural and ideological factors in shaping economic theories. The study covers various economic crises, emphasising the need to develop effective policies based on historical economic development and to prepare for future economic challenges. It critically analyses the key theoretical developments and policy responses to various economic crises, examining in detail the changes in economic thought on government intervention in crisis management and the criticisms faced by different schools of thought. Thus, the study of the development of scientific views on crisis management in the economy is important for the creation of effective policies. It helps to understand the historical development of the economy and prepare for future economic challenges by developing effective strategies to overcome economic recessions, adapt to the changing global and technological context, and ensure sustainable and inclusive economic growth. Economic challenges require a joint and coordinated international approach, especially in key areas such as financial regulation, trade policy and environmental sustainability. Such cooperation is essential to effectively address complex global issues. | ||
| Key words | economic crisis, government regulation, Keynesian economics, monetarism, supply-side economics, global financial crisis, COVID-19, evolution of economic policy. | ||