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>This is just basic economics. "Basic economics" as some people call it, is a religion, not a science. Basic neoliberalism, as taught in econ 101, is just as
by crdoconnor 11y ago
>This is just basic economics.
"Basic economics" as some people call it, is a religion, not a science.
Basic neoliberalism, as taught in econ 101, is just as much a shallow pretext for maintaining existing power structures as Stalinism/Marxism was in the Soviet Union, and its predictive power is close to non-existent.
Guess why, for example, David Koch donated to Florida State University and then demanded the right to determine their economics syllabus? So he gets to dictate what counts as "basic economics".
- JesperRavn 11y agoAccording to [0], the Koch foundation made funding of Florida State University conditional on keeping Bruce Benson, a self-described "libertarian anarchist" as department chair. But anyone who calls themselves a libertarian anarchist or teaches Austrian economics is on the fringe of academic economics. In fact it is so non-mainstream that there is an article[1] written for potential PhD students to help find PhD programs that do focus on Austrian economics. [0] http://www.publicintegrity.org/2014/09/12/15495/koch-foundation-proposal-college-teach-our-curriculum-get-millions http://www.publicintegrity.org/2014/09/12/15495/koch-foundat... [1] http://superscholar.org/rankings/economics/top-austrian-free-market-programs/ http://superscholar.org/rankings/economics/top-austrian-free...