Economic policy in the light of changes in modern history of economic thought

Abstract

The study outlines the current and potential impact of modern heterodox economic thought on goals, tools and actors of economic policy. Research discusses possible reasons, why heterodox economic thought may become a source for the new concept (or: concepts) of economic policy. The selected ongoing economic policy objectives are analyzed on the example of the current main strategy of the EU in the light of modern heterodox thought. The analysis shows a new understanding of these objectives, ways of achieving them and the possible causes of the existing problems within the meaning of heterodoxy. Research includes a description of several of selected changes to economic policy objectives and list of the potential possibilities of their introduction, and also pointed to possible changes in the understanding of these objectives in the future. It also shows, for what changes in the instruments and actors of economic policy, the economic heterodoxy may be responsible.(original abstract)