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The Emperor's Tailor: The Economists and the Crash of ‘98

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  • Freeman, Alan

Abstract

The paper examines the the profession of economics in the light of its disarray in the face of the financial crash of 1998 We subject the profession to a theoretical and historical enquiry, examining both its reaction to the empirical facts of its failures, and the manner in which its theoretical categories express the material interests to which it is subjected. The aim is not dismiss the profession and its products as simple apologetics, but to uncover the internal structure of its thought and to propose an alternative, critical standard of scientific conduct for economic enquiry under a market economy.

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File URL: http://mpra.ub.uni-muenchen.de/6712/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 6712.

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Date of creation: Jun 1999
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Handle: RePEc:pra:mprapa:6712

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Related research

Keywords: Liquidity; Value; Quantification; MELT; MEL; Money; Labour; Marx; TSSI; Temporalism;

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  1. Lant Pritchett, 1997. "Divergence, Big Time," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 11(3), pages 3-17, Summer.
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Cited by:
  1. Alan Freeman, 2009. "The Economists of Tomorrow: the Case for a Pluralist Subject Benchmark Statement for Economics," International Review of Economic Education, Economics Network, University of Bristol, Economics Network, University of Bristol, vol. 8(2), pages 23-40.

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