This paper seeks to draw the attention of economists to the inability of neoclassical theory to understand and explain the problems of contemporary capitalist economies and to elaborate a policy that ensures both the growth of income and employment, as well as the stability of income, prices, and the exchange rate. This statement is valid both for rich countries and for those in various stages of economic development. In a realistic analysis, in which the problems are clearly seen, once the monetary veil is drawn, it will be easier to perceive that the income concentrating model has already been exhausted, and that we will have to look for a way out of underdevelopment based on an economic policy in whose axis are the policies of occupation and production.
Keywords:
Economic Theory, Development Models, Economic Policies, Income Concentration, Neoclassical Economics
Author Biography
Horacio Flores de la Peña
Profesor en ciencias políticas y económicas. Colabora en varias revistas de Latinoamérica.
Twitter