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Capitalist Economists

Friday, June 5, 2009
William Gropper, "Black Thursday"

William Gropper, "Black Thursday", click on the pic for the whole blog post.

“The supposed omniscience and perfect efficacy of a free market stems from economic work done in the 1950s and 1960s, which with hindsight looks more like propaganda against communism than plausible science.” The capitalist ideology that undergirds economics in the United States has led the profession to be detached from reality, rendering it incapable of understanding many of the crises the world faces.

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