Economic Liberalism Between Fixed and Changeable (Global Financial Crisis 2007-2008 As A Case Study)

The research intends to shed light on the changes and developments taking place in the liberal economic theory after the global economic crises. The occurrence of these economic crises, especially financial ones, often requires a reconsideration of the intellectual and theoretical basis to find solutions and treatments for getting out of these crises. The global financial crisis (2007-2008) is one of the most prominent financial crises that caused a change in the liberal economic theory, especially in the United States of America. Perhaps, the most prominent change is the call for increased government intervention in the economy and a return to the Keynesian theory that supports the government's role in managing the economy and the market.