Subject: dominant macroeconomic concepts, economic policy, synthesis, situation approach, R. Macedonia
Year: 2010
Type: Article
Title: Implementation of the Situation approach in the synthesis of the alternative macroeco-nomic conceptions for the purpose of determining the optimal macroeconomic policy in Macedonia
Author: Trenovski, Borce
Abstract: Which school of economic thought (or economists) should be trusted? This question presents a challenge for creation of a number of syntheses - which provide different ways for economic science to fulfill its tasks; to diagnose numerous situations in economic life, to propose solutions for changes in a positive direction, to predict future events and trends etc. Through confrontation of different schools of economic thought, especially among the leading schools, the process of their convergence and of building standard knowledge about economic life (standard economic science) continues. This paper aims to create a "bridge" between facts and events in economic life on one hand, and macroeconomic concepts that constitute the basis for implementation of economic policy on the other, especially with a special focus on the situation in the Republic of Macedonia. The paper is divided into three sections: The first section indicates the possibilities for synthesis of the dominant macroeconomic concepts and policies, and their importance for the implementation of economic policy. In the second section we design a situation model by using four variables: the nature of the market system, the key problem, the competence of the government, and the expectations of individuals. The intersection of the four variables would recommend an optimal theoretical conception of economic policy. The third part is focused on determining the best macroeconomic concept based on the formulated situation model that will present a solid basis for implementation of a successful economic policy in the Republic of Macedonia.
Publisher: Faculty of Economics - Skopje
Relation: Annual of Faculty of Economics - Skopje
Identifier: oai:repository.ukim.mk:20.500.12188/4973
Identifier: Trenovski, B. (2010): "Implementation of the Situation approach in the synthesis of the alternative macroeco-nomic conceptions for the purpose of determining the optimal macroeconomic policy in Macedonia", Faculty of Economics - Skopje, pp. 533-550.
Identifier: http://hdl.handle.net/20.500.12188/4973Identifier: https://www.researchgate.net/publication/269993134_Implementation_of_the_Situation_approach_in_the_synthesis_of_the_alternative_macroeco-nomic_conceptions_for_the_purpose_of_determining_the_optimal_macroeconomic_policy_in_Macedonia
