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Economics is mostly political economy. It's based on ideology more than anything moral or actually scientific. Neoliberalism has been the dominant theory since
by mushbino 4y ago
Economics is mostly political economy. It's based on ideology more than anything moral or actually scientific. Neoliberalism has been the dominant theory since Keynesianism. It's been an abject failure, but nobody has come up with anything to replace it yet.
- boppo1 4y agoHow is neoliberalism different from keynesianism? Who was the big neoliberal writer/ what is neoliberalism's "general theory of interest"
- unmole 4y ago> Economics is mostly political economy. I'm sorry, what? Look at the curriculum for any economics degree, look at the winners of the Sveriges Riksbank Prize. How much political economy do you see there? > based on ideology Krugman and Manikw are on the opposite ends of the ideological divide. But the economics textbooks that they each wrote will not contradict the other.