Rethinking Macroeconomics After the 2008 Crisis

The aim of this study is to review the plurality and the renewal of economics as a science after the 2008 economic crisis. We discuss the crisis of the mainstream neoclassical school, as well as proposals for reform within this school. We then proceed by enumerating the various heterodox schools (Post-Keynesian, Minskyan, Modern Monetary Theory, institutionalist, Marxian, Degrowth, and behaviourist), as well as the proposals these have made to creating an economic science that is relevant to the real world. The conclusion is that while there is an exciting plurality in existence, the neoclassical mainstream has only granted very limited access for its heterodox alternatives.