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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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