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In a message dated 97-08-17 18:26:12 EDT, Drue writes: 
 
<<  There is a core of neoclassical economics, and it has proven to be 
 remarkably resistant to the challenges put forth by the "great orthodoxies." 
 I would argue that this is partly because it serves very well as a 
 justification for the institutions, processes, and consequences of corporate 
 capitalism.  Even though, in my opinion, and the opinion of many heterodox 
 economists, it does a lousy job of actually explaining economics. >> 
 
One of the great things about 'mainstream' or 'neoclassical' economics is 
that it has been all things to all people -- useful both for attacking 
the market and as a defense of it.  It sometimes seems that you can get 
whatever it is you want out of the 'theory'.  Whether this serves 
'corporate capitalism' is another question. 
 
Greg Ransom 
Dept. of Philosophy 
MiraCosta College 
UC-Riverside 
[log in to unmask] 
http://members.aol.com/gregransom/ransom.htm 
 
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