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Markets, Money and Ideology

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Author Info
Simon Mohun (Queen Mary and Westfield College, University of London)

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Abstract

Marx'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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Paper provided by Queen Mary, University of London, Department of Economics in its series Working Papers with number 402.

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Date of creation: Mar 1999
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Handle: RePEc:qmw:qmwecw:wp402

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Related research
Keywords: 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

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This page was last updated on 2009-11-7.

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