Repository Citation
Jo, Tae-Hee, "Heterodox Economics: The Alternative to Neoliberal Market-fundametalist Economics" (2013). Neoliberalism Seminar. 8.
https://corescholar.libraries.wright.edu/neoliberalism_seminar/2013/April5/8
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Start Date
5-4-2013 3:50 PM
End Date
5-4-2013 4:20 PM
Document Type
Presentation
Description
Mainstream-neoclassical economics is the theoretical foundation of neoliberal economic policy that promotes competition and commodification through markets. Increasing fragility of an economy, increasing income inequality, the scaled-back welfare system, and recurring financial crisis are prominent consequences of neoliberal restructuring of industries and the economy as a whole. Is the “law of supply and demand” the universal principle that governs all the economic activities under capitalism? Is there an alternative way of explaining and organizing the provisioning process of a capitalist economy? How can economics deal with such socio-economic problems beyond market-fundamentalist economic narratives? In my presentation, I will highlight heterodox economic approaches that enable us to think beyond market-fundamentalism, and the organizing efforts of heterodox economists to create communities and movements.
Transcript - Neoliberalism - Jo
Included in
Heterodox Economics: The Alternative to Neoliberal Market-fundametalist Economics
Mainstream-neoclassical economics is the theoretical foundation of neoliberal economic policy that promotes competition and commodification through markets. Increasing fragility of an economy, increasing income inequality, the scaled-back welfare system, and recurring financial crisis are prominent consequences of neoliberal restructuring of industries and the economy as a whole. Is the “law of supply and demand” the universal principle that governs all the economic activities under capitalism? Is there an alternative way of explaining and organizing the provisioning process of a capitalist economy? How can economics deal with such socio-economic problems beyond market-fundamentalist economic narratives? In my presentation, I will highlight heterodox economic approaches that enable us to think beyond market-fundamentalism, and the organizing efforts of heterodox economists to create communities and movements.
