The Orthodox Economics “Mafia”
Randall Wray passes on this piece by Chris Hayes (of The Nation and MSNBC) on the challenge mounted by heterodox economists to the neoclassical consensus. Reporting from the ASSA, Hayes gets into the ways in which the boundaries of the “mainstream” are policed in economics. It’s really worth reading the whole thing. I particularly liked this bit:
Despite the fact that as many as one in five professional economists belongs to a professional association that might be described as heterodox, the phrase “heterodox economics” has appeared exactly once in the New York Times since 1981. During that same period “intelligent design,” a theory endorsed by not a single published, peer-reviewed piece of scholarship, has appeared 367 times.
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I wonder how often “Monetary Sovereignty,” the basis for all current economics, has appeared.
So start calling yourself an “intelligent design” (as opposed to laissez faire?) economist.
:o)