ABSTRACT

Since the 1970s, give and take a few years, a decision to immerse oneself in economics has been translating into an exclusive training in what can be termed neoclassical economics. Neoclassical economics is a particularly narrow method of conceptualising market economies which, astonishingly, has managed to monopolise academic and professional economics since the mid-1970s. In philosophy, this would be the equivalent to, say, a total supremacy of Existentialism over all other philosophical traditions – to the extent that Plato, Aristotle, Hegel and Russell do not even get a mention in any of the offered courses. Such a development would be scandalous and impossible to imagine. And yet, in economics this is our reality.