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Tag Archives: neo-classical economics

Our Intellectual Bankruptcy: The “Religion” of Economics, UBI and Medicare For All

Here we stand on the precipice, and all we have in our kit is a collection of delusional magical thinking that we label “solutions.” We are not just morally and financially bankrupt, we’re intellectually bankrupt as well. Here are three examples of magical thinking that pass for intellectually sound ideas: 1. Mainstream neo-classical/ Keynesian economics. As economist Manfred Max-Neef notes in this interview,...

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