A Heterodox Economics Lesson
Decouple
00:00
Challenging Neoclassical Economics
This chapter reviews the evolution of neoclassical economics, exploring its philosophical foundations like the 'invisible hand' and laissez-faire principles. It critiques the oversimplifications in neoclassical thought, particularly regarding the roles of money, banks, and government intervention in the economy. The dialogue highlights the need for a more nuanced understanding of capitalism, advocating for an evolutionary perspective that accounts for historical realities and market dynamics.
Transcript
Play full episode
