ISMAIL LAGARDIEN: Prominence and prestige tie economists to power and privilege
Some of the foundational ideas of economics are drawn from the same wells of thought that served the interests of colonial empires
14 August 2024 - 05:00
Last week the Roosevelt Institute, a US think-tank, published a report on Joseph Stiglitz’s ideas of a “post-neoliberal” world. The sub-headline of the report stated that such a new order would mean “rebalancing power”.
To be sure, it is power that determines which ideas or beliefs are taken seriously. It is all the more concerning, though, that it has been almost impossible to affect the immovable beast that is economic orthodoxy. ..
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