In Doctrines, Economics, Myth Industry, Pluralism, Theory of Value

This invitation, to take part in the 8th World Socialist Forum October 2017 in Beijing, allowed me to formalize my views about the general paralysis of economics in the West, including its causes and remedies. In particular I developed the concept of a succession of ‘counter-revolutions’ in economics, a result of the domination of its ‘esoteric’ function (defending and justifying the existing social order) over its ‘exoteric’ function (understanding how the social roder actually works), and came to the two conclusions that, first, economics as an institution needs to be replaced with something totally different – that which elsewhere I described as ‘emancipatory political economy – and, second, this could only be achieved in the course of revolutionary transformations, and could not be achieved by ‘reform from within’.

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