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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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A Reminder on Democracy

I am cleaning up my files. The Gilens and Page article on democracy in the US is in the pile. This is a reminder of their conclusion: “Despite the seemingly strong empirical support in previous studies for theories of majoritarian democracy, our analyses suggest that majorities of the American public actually have little influence over the […]

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Unsound on Equality

In a recent speech I gave on inequality, I described the relevance of economics in a series of quotes thusly: “Political economy you think is an enquiry into the nature and causes of wealth – I think it should rather be called an enquiry into the laws which determine the division of the produce of […]

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