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From:
[log in to unmask] (Ana Maria Bianchi)
Date:
Fri Mar 31 17:18:34 2006
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=================== HES POSTING ================== 
 
This leads us back to a discussion about Polanyi and _The Great 
Transformation_. If the structures assumed by neoclassical economics bear 
little resemblance to the actual structure of the contemporary U.S. 
economy, as Drue Barker wrote, the point is: how little is this little? 
Isnt it large enough to set a qualitative difference between contemporary 
market system, as oligopolized as it may be, and a rural fair where 
peasants and artisans meet to exchange products? 
 
As for the neoclassical paradigm, it is questionable that it fails so 
miserably by any criteria for good social science, in spite of its many 
shortcomings. OK, old ideas can survive as excrescences for a while, but 
not that long, I guess. 
 
Ana Maria Bianch 
 
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