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The neoliberal "rebirth" of development economics




This 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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  • Rémy Herrera, 2006. "The neoliberal "rebirth" of development economics," Cahiers de la Maison des Sciences Economiques r06031, Université Panthéon-Sorbonne (Paris 1).
  • Handle: RePEc:mse:wpsorb:r06031

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    References listed on IDEAS

    1. Éric Mulot, 2001. "De la compensation à la réforme sociale : les politiques éducatives de lutte contre la pauvreté au Guatemala," Revue Tiers Monde, Programme National Persée, vol. 42(168), pages 885-906.
    2. Dhaynaut, Béatrice & Máttar, Jorge, 2004. "Conclusiones generales y perspectivas," Sede Subregional de la CEPAL en México (Estudios e Investigaciones) 25673, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. UNICEF Innocenti Research Centre. MONEE project, 1998. "Education for All?," Papers remore98/3, Regional Monitoring Report.
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    More about this item


    Development; neo-classical economics; neo-liberalism; crisis; heterodoxies.;

    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, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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