Monday, January 05, 2015

Socialists Protest Mainstream Economics

The Washington Post reports that socialists are upset that they don't control America's economics departments:
Harrington now runs a campaign called Kick it Over, which aims to combat what it describes as “the fantasy world of neoclassical economics — a faith-based religion of perfect markets, enlightened consumers and infinite growth that shapes the fates of billions.” The project is connected with the anti-consumerist magazine Adbusters, which had gestated the original idea behind the Occupy Wall Street movement. Harrington, who studied alternative economics at The New School, hopes to reform the profession from the inside, starting with the way it’s taught.

“When I was in school, I started realizing how limited was the range of economic ideas that students were exposed to in the classroom,” he said. “Neoclassicism is essentially the standard for 95 percent of the graduate departments in the country.”
In the fantasy land of socialism the demand for goods isn't a downward sloping curve. Does everyone in academia have to think like a vulgar Marxist?