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This brief chapter summarizes the overarching trajectory of economic theory from the mid-1970s to the first decade of the new millennium, from the attempt to reconstruct macroeconomic theory through Lucas’s New Classical Macroeconomics program until the decline of the New Neoclassical Synthesis in the early 2000s, under mounting criticism from alternative paradigms.

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Between the Mid-1970s and the Great Recession: The Rise and Fall of New Neoclassical Economics. Final Remarks

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  • 发表日期：

    2025年

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  • Roberto Marchionatti

摘要

This brief chapter summarizes the overarching trajectory of economic theory from the mid-1970s to the first decade of the new millennium, from the attempt to reconstruct macroeconomic theory through Lucas’s New Classical Macroeconomics program until the decline of the New Neoclassical Synthesis in the early 2000s, under mounting criticism from alternative paradigms.