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The neoliberal "rebirth" of development economics

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Author Info
Rémy Herrera () (Centre d'Economie de la Sorbonne)
Abstract

This article is to be published in the May 2006 issue of the Monthly Review. Nowadays, neoclassical economics' domination of development theory is on par with that of high finance's neoliberal power over development policies. There are important complementarities between these two forms of ideological domination which are mutually reinforcing and interdependent. Thus, it is not only the absence of a scientific basis and the logical inconsistencies that disqualify these approaches, but the ideological function and antisocial project that their methodologies and conclusions support in the service of world capital.

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File URL: ftp://mse.univ-paris1.fr/pub/mse/cahiers2006/R06031.pdf
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Publisher Info
Paper provided by Université Panthéon-Sorbonne (Paris 1) in its series Cahiers de la Maison des Sciences Economiques with number r06031.

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Length: 13 pages
Date of creation: Apr 2006
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Handle: RePEc:mse:wpsorb:r06031

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Related research
Keywords: Development neo-classical economics neo-liberalism crisis heterodoxies.

Find related papers by JEL classification:
A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
F20 - International Economics - - International Factor Movements and International Business - - - General
N10 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations - - - General, International, or Comparative
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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