Ideological Foundations of Mainstream Neoclassical Economics: Class Interests as “Economic Theory” | Global Research
There is now a widespread consensus that mainstream/neoclassical
economists failed miserably to either predict the coming of the 2008
financial implosion, or provide a reasonable explanation when it
actually arrived. Not surprisingly, many critics have argued that
neoclassical economics has created more confusion than clarification,
more obfuscation than elucidation. Economic “science” has, indeed,
become “an ideological construct which serves to camouflage and justify
the New World Order” [1].
