Thought, Philosophy and Economic Policy in the 21st Century

Coordinators: Aurèlia Mañé Estrada (Universitat de Barcelona) and Javier San Julian Arrupe (Universitat de Barcelona)

Proposed date for publication in the REC: June 2022

Thirteen years have passed since the collapse of Lehman Brothers and the onset of the Great Recession. This was the first missed opportunity for the emergence of an epistemological revolution, equivalent to the Keynesian one of the 1920s, and for the reformulation of a new economic policy for the 21st century.

The effects of the Covid-19’s pandemic, while extremely painful, are giving a second chance for political-economists to re-found both the discipline and the practice of economic policy.

From this point of view, today the situation, because of the mounting questioning of the mainstream neo-liberal monetarism seems better than a decade ago. However, without denying that there is a certain consensus that some changes in the practice of economic policy are needed, there are still few proposals grounded on a new economic philosophy, as few as actual political proposals for economic policy.

The aim of this special issue is to debate the future of economic policy and its foundations and to look for new or old tools to address the political, economic and social challenges the world faces today.

To provide an overview on this, the Revista de Economía Crítica (REC) launches a call for papers for a semi-monography issue under the title: Thought, Philosophy and Economic policy in the 21st century.

REC’s call is seeking for contributions that will deal with the following topics from a heterodox approach:

  • Is economic policy a revolutionary or conservative practice?
  • Is it possible to understand the need for economic policy without being aware that there is a conflict over income distribution? Are traditional redistributive instruments still valid in the current context of globalization?
  • Would it be possible today to write an economic treatise with an equivalent influence to Keynes' General Theory? • What could be the new metaphysics underpinning the new economic policy?
  • What contributions could feminist or ecological economics make to economic policy today? • Are the proposals of the post-Keynesian school, e.g. Modern Monetary Theory, the solution to the current situation?
  • How can economic policy be enriched by the analysis of comparative economic policy? • Is planning a valid instrument for economic policy under capitalism?
  • What tools from the economists' toolbox do we need to retrieve for dealing with the current situation? • What is taxation for - a revenue-raising mechanism, an instrument of economic policy or an essential piece of the social contract?
  • How can we define the right political space for economic policy action in the context of "globalization", in which economic and national spaces are not anymore interlinked as they were?
  • Is it possible to think of something equivalent to the "Keynesian revolution" associated with a Green New Deal? How to design a sustainable economic policy?

Formal requirements: Texts written in English or Spanish will be accepted.

Abstract: 200 words maximum.

Full text: max. 8,000 words.

Relevant dates: Submission of abstracts: 15 July 2021 to amimanera@ub.edu & jsanjulian@ub.edu

Provisional acceptance: 15 August 2021 Submission of full papers: 15 January 2022 via the OJS platform indicating the special issue.

REC publication: 15 June 2022 For more information on instructions for authors, please go to the REC website.