Constructivism’s limits in economic policy

  • 2011-11-24
  • By Dr. Michel Verlaine
Approximately half of the countries within the eurozone are in trouble. In Italy and Greece, elected governments were replaced by technocrats. For some, these developments are welcome as they imply knowledge-based governance. This, however, is a dangerous path as it leads to undemocratic governance. Yet, in order to understand how we ended up in the current mess, it is worthwhile to delve into history.Following the fall of the Soviet Union, the traditional debate between capitalism and communism (or socialism) became outdated and outplaced. This left governments with the idea that h...
 
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