The neoliberal "rebirth" of development economics
AbstractThis 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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Bibliographic InfoPaper provided by Université Panthéon-Sorbonne (Paris 1) in its series Cahiers de la Maison des Sciences Economiques with number r06031.
Length: 13 pages
Date of creation: Apr 2006
Date of revision:
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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; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-05-20 (All new papers)
- NEP-DEV-2006-05-20 (Development)
- NEP-HPE-2006-05-20 (History & Philosophy of Economics)
- NEP-PKE-2006-05-20 (Post Keynesian Economics)
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