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A theory of economic policy lock-in and lock-out via hysteresis: rethinking economists’ approach to economic policy
16 references·2 citing·40 second hop
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References

  • 1977Rules Rather than Discretion: The Inconsistency of Optimal Plans7,896 cited
  • 1989Competing Technologies, Increasing Returns, and Lock-In by Historical Events7,487 cited
  • 1962The Economic Implications of Learning by Doing7,200 cited
  • 1985Clio and the economics of QWERTY6,056 cited
  • 1990Experimental Tests of the Endowment Effect and the Coase Theorem3,192 cited
  • 1994Systems Competition and Network Effects2,673 cited
  • 1956The General Theory of Second Best2,049 cited
  • 1992Investment and Hysteresis985 cited
  • 1989Hysteresis, Import Penetration, and Exchange Rate Pass-Through870 cited
  • 2007Financialization: What it is and Why it Matters441 cited
  • 2014When Ideas Trump Interests: Preferences, Worldviews, and Policy Innovations432 cited
  • 1987Hysteresis in unemployment351 cited
  • 2013Economics versus Politics: Pitfalls of Policy Advice349 cited
  • 1966Analytical Economics224 cited
  • 1993On the Foundations of Hysteresis in Economic Systems167 cited
  • 2012From Financial Crisis to Stagnation135 cited

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Cited by

  • 2019CENTRAL BANK INDEPENDENCE: A RIGGED DEBATE BASED ON FALSE POLITICS AND ECONOMICS17 cited
  • 2021Institutional change and political conflict in a structuralist model11 cited