Economic Policy covers the aims and the instruments of state economic interventionism. As a broad problematique it existed from the very birth of the science of the economy. However, as a special subject-area it was inaugurated in the interwar era and formalized by the beginning of the post-World War II era. Since then, Economic Policy faced serious ups and lows within economic analysis and policymaking. Particularly within Mainstream Economics (the nowadays dominant tradition within...
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