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heterodox economics
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- 1Post-pandemic inflation shakes faith in mainstream economics▼'in the pandemic’s wake, the ground underneath mainline, neoclassical economic theory and policy was buckling. Inflation
Commentators argue that in the wake of the pandemic, mainstream neoclassical economic theory and policy lost credibility as inflation surged back, driven by cascading macroeconomic shocks. With conventional economists struggling to explain or contain the price spike, attention has turned to heterodox thinkers offering alternative frameworks for understanding the post-Covid economy.