This is part six of my series on why free market economics is a false religion. This is a common thing in the “science” of economics, ideas go in and out of fashion like Jean styles. Our conception of free market economics is based on what the neoclassical thinkers built. Economics has gone beyond the bounds of scienceThese ideas about perfect markets, based on abstraction and ivory tower theory, are baked into free market economics. The free market faithful want us to believe, like they do, that there is only one true way to run an economy.

Source: The North Africa Journal May 17, 2024 12:48 UTC