THE NEW NEOCLASSICAL SYNTHESIS“ – NEW ECONOMIC TREND

Rozeta  Asatiani

doi:10.35945/gb.2018.06.004

Authors

Rozeta Asatiani Doctor of Economics, Professor, Georgian Technical University, Senior research officer, Paata Gugushvili Institute of Economics, Academician, Georgian Academy of Economic Sciences, Georgia Author

DOI:

https://doi.org/10.35945/gb.2018.06.004

Keywords:

NEW NEOCLASSICAL SYNTHESIS, THE ECONOMY OF THE PUBLIC SECTOR, PUBLIC WEALTH, CIVIL SOCIETY, NEW WORLD ORDER, PROPERTY PLURALISM, INSTITUTIONAL ORDER, SOCIAL ORDER, NEW FISCAL FEDERALISM, EXTERNALLY, THIRD SECTOR

Abstract

This work deals with the objective prerequisites for the origin of the “new neoclassical synthesis” which is in the pro- cess of formation, goals, tasks; the need to use this new trend in the country’s economic policy is justified.

An explanation is given to the organic linkage of the pub- lic sector economics with the “new neoclassical synthesis” and its role in the formation of viable economic policy. The reflection of the main directions of the functioning public sector economics the country’s economic policy is a new challenge to modern civilization. This must be reflected in the “new neo- classical synthesis” which adds novelty to the “neoclassical synthesis” that was successfully used in economic policy of the US and other developed countries in the 1980s. A great contribution in its creation belongs to the author of the first textbook in economics Paul Samuelson.