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26min chapter
Marx, Capitalism, and Neoclassical Economics | Steve Keen | Escaped Sapiens #65
The Escaped Sapiens Podcast
Exploring the Ideological Battles in Economics
The chapter delves into the ideological battle within economics, showcasing the historical struggles over societal beliefs and the portrayal of capitalism as a system for maximizing utility. Criticizing the dominant neoclassical ideology, the speaker aims to provide a new foundation for the discipline by challenging traditional economic models. The discussion highlights the contrast between capitalism and socialism within the neoclassical framework, addressing issues of central planning, income distribution, and the practical reality of capitalist competition.
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