Markets, Money and Ideology
AbstractMarx's critique of Hegel is used to derive a demarcation criterion that sharply separates scientific knowledge from ideology, and interprets Hegelian methodology as fundamentally ideological. Economic theory is considered according to this demarcation criterion, and the paper argues that economic science too easily becomes economic ideology. One reason for this tendency towards slippage is the dominance of money relations in contemporary society. For the labour theory of value in Marx has a theory of money whose structure is identical to Hegelian logic, and an antipathy to a scientific approach is thereby grounded in everyday life.
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Bibliographic InfoPaper provided by Queen Mary, University of London, School of Economics and Finance in its series Working Papers with number 402.
Date of creation: Mar 1999
Date of revision:
Ideology; Marx; Money;
Find related papers by JEL classification:
- A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
This paper has been announced in the following NEP Reports:
- NEP-ALL-1999-09-01 (All new papers)
- NEP-HPE-1999-09-01 (History & Philosophy of Economics)
- NEP-PKE-1999-09-01 (Post Keynesian Economics)
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