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- Title
Teorideki Dönüşüm: Paranın Nötrleşmesi ve Sosyal Sermayenin Güçlenmesi.
- Authors
YILMAZ, Ragıp; MEÇİK, Oytun
- Abstract
Evolutions in economic theory change opinions on money. The most important thing about the money within these changes is related to neutrality.When money is neutral, both politically and socially, it brings forth structures that fit this understanding. This paradigm shift shows its counterpart in the construction of social life.Especially after the collapse of the Keynesian economic structure, bringing together a new social structure to make the money neutral. The goal of reducing unemployment in monetary policy has been abandoned with independence of central banks which ensure the solution of time inconsistency and credibility.Thus, the individuals start to work on replacing the achievements they have acquired in the Welfare State with a new structure with the motivation of future security. For this reason, formal and informal structures have become stronger in society vis a vis neutralizing money and the state neutralized. The re-neutralization of the money leads to the strengthening of social capital linked to these relationship networks. Thus, these structures, which give confidence to the people, protect their future, and offer them market and profession, become new elites of the new era.
- Publication
Journal of Aksaray University Faculty of Economics & Administrative Sciences / Aksaray Üniversitesi Iktisadi ve Idari Bilimler Fakültesi Dergisi, 2017, Vol 9, Issue 1, p23
- ISSN
1308-7525
- Publication type
Article