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27min chapter
Confronting Neoclassical Economics
Rev Left Radio
The Dominance of Neoclassical Economics and its Ideological Superstructure
This chapter delves into the reasons behind the dominance of neoclassical economics in the field of economics, examining its material choice, ideological functions, and investments in material production. It also explores how neoclassical economics serves as an ideological superstructure for capitalism, with economists acting as the new priests of capitalism. The chapter discusses the funding and dominance of neoclassical economics in academic departments, as well as the dismissive attitude towards dissenting economists and alternative approaches.
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