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oapen-20.500.12657-337832021-11-09T09:25:19Z The Cult of the Market Boldeman, Lee economics economic policy Age of Enlightenment Neoclassical economics bic Book Industry Communication::K Economics, finance, business & management::KC Economics The Cult of the Market: Economic Fundamentalism and its Discontents disputes the practical value of the shallow, all-encompassing, dogmatic, economic fundamentalism espoused by policy elites in recent public policy debates, along with their gross simplifications and sacred rules. Economics cannot provide a convincing overarching theory of government action or of social action more generally. Furthermore, mainstream economics fails to get to grips with the economic system as it actually operates. It advocates a more overtly experimental, eclectic and pragmatic approach to policy development which takes more seriously the complex, interdependent, evolving nature of society and the economy. Importantly, it is an outlook that recognises the pervasive influence of asymmetries of wealth, power and information on bargaining power and prospects throughout society. The book advocates a major reform of the teaching of economics. 2013-11-06 00:00:00 2020-04-01T14:56:13Z 2020-04-01T14:56:13Z 2007 book 458926 OCN: 236173668 http://library.oapen.org/handle/20.500.12657/33783 eng application/pdf n/a 458926.pdf http://epress.anu.edu.au/titles/cotm_citation ANU Press 10.26530/OAPEN_458926 10.26530/OAPEN_458926 ddc8cc3f-dd57-40ef-b8d5-06f839686b71 316 Canberra open access
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The Cult of the Market: Economic Fundamentalism and its Discontents disputes the practical value of the shallow, all-encompassing, dogmatic, economic fundamentalism espoused by policy elites in recent public policy debates, along with their gross simplifications and sacred rules. Economics cannot provide a convincing overarching theory of government action or of social action more generally. Furthermore, mainstream economics fails to get to grips with the economic system as it actually operates. It advocates a more overtly experimental, eclectic and pragmatic approach to policy development which takes more seriously the complex, interdependent, evolving nature of society and the economy. Importantly, it is an outlook that recognises the pervasive influence of asymmetries of wealth, power and information on bargaining power and prospects throughout society. The book advocates a major reform of the teaching of economics.
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