Orthodox Economic Theory and Capitalist Ideology

Many socialists see the development of orthodox economic theory in the capitalist world of the last 150 years as the unfolding of an increasingly intricately worked out ideological exercise. By introducing complicated models of mathematical reasoning, orthodox economists have made it difficult if not impossible for all but the professional economist to follow the tortuous paths by which they arrive at the conclusions which buttress the pillars of capitalist ideology.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website

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