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Ideology, markets and money

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  • Simon Mohun

Abstract

Contemporary economic theory is considered in terms of the science-ideology distinction. Marx's critique of Hegel is then used to derive a demarcation criterion that sharply separates scientific knowledge from ideology. This critique interprets Hegelian methodology as fundamentally ideological because it understands reality in terms of abstract thought and then hypostatises that thought as reality. This process is more generally treated in terms of Marx's theory of value and money, in which money really does do what Hegelian logic purports to do. The consequences of considering Marxian theory in this way provide some purchase on the logic and limitations of contemporary economic theory. Copyright 2003, Oxford University Press.

Suggested Citation

  • Simon Mohun, 2003. "Ideology, markets and money," Cambridge Journal of Economics, Oxford University Press, vol. 27(3), pages 401-418, May.
  • Handle: RePEc:oup:cambje:v:27:y:2003:i:3:p:401-418
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    1. Melanie Arntz & Jochen Michaelis & Alexander Spermann, 2006. "Reforming Long-term Care in Germany," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 142(V), pages 37-42.
    2. Arntz, Melanie & Sacchetto, Ralf & Spermann, Alexander & Steffes, Susanne & Widmaier, Sarah, 2006. "The German social long-term care insurance - structure and reform options," ZEW Discussion Papers 06-074, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
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