stevep
Fleet admiral
Posts: 24,836
Likes: 13,224
|
Post by stevep on Jun 17, 2018 11:11:14 GMT
An Alessandri victory would also have a major effect on US politics, I reckon, as the absence of Allende would have killed the possibility of the Chicago School becoming a prominent force in economics.
Now that would be an interesting and potentially very useful benefit for the world. No or delayed monetarism and neo-classical economics could give a longer post-war boom in economic and social terms.
I suspect Keynesian would be challenged sooner or later because no standard goes unchallenged forever, especially in a system like economics which is far more subjective than evidence based. Plus the tendency for any idea/school to lose value as blind following to steps increasingly replaces real understanding. Plus ideas like monetarism and neo-classical economics are too attractive to the powerful as giving arguments for them to seize more and more of the cake so something like that is all too likely to re-emerge eventually.
|
|