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More Self-Criticism

And while I am on the subject I see Krugman makes the case that “real economics”, aka supreme belief in market magic, may well not be that real after all. Then he throws this in: “Yes, much of micro can be derived rigorously from individual maximization plus equilibrium; but why, exactly, does that make it right?” […]

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Self Criticism in Economics

This is a bit of a rant. Please bear with me. I rarely do this, but here’s a link to one of my favorite economics blogs: Unlearning Economics:Economists Dissing Economics The problem with all this self-criticism is that many of the people doing the dissing are responsible for the disarray they are criticizing. A different […]

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Is Economic Orthodoxy Anti-Democracy?

Yes it is. The explanation is found in the genesis of classical economics and then in its idealization of the marketplace. At its onset the modern neo-liberal project was a search for a way of organizing civil society without that organization being imposed in what had hitherto been an overt political, that is power relationship, sense. […]

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