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Distilling Economic Literature

Tag: Schools of Thought

Economic Thought

Time for a Paradigm Shift in Economics?

Dr. Ellen Clardy, May 22, 2020July 24, 2025

A Discussion of “Shrinking Capitalism” In the May 2020 American Economic Association’s (AEA) Paper and Proceedings, Samuel Bowles and Wendy Carlin put forth a bold proposition for a new paradigm to supplant the previous reign of Neoliberalism. A provocative goal paired with an equally provocative title, “Shrinking Capitalism”. While it could…

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