Volume 2013 Number 1
  • EISSN: 2309-3927


With the end of the Cold War in the nineties and the acceleration of the process of globalization, came the rise of neoliberal policies and the Washington Consensus, which sidelined the social dimension of economic growth. Reconnecting with the pre-Keynesian liberal theories, the major conceptual tools and outcomes of this school of thought converged towards considering, that the market would be in charge of redistributing resources, with less state intervention, and that wealth would trickle down through economic growth from the top to bottom. What the last few decades have explicitly shown however, are the unaccomplished promises of these theories.


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  • Article Type: Research Article
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