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Essay:Orthodox Economics, the socially harmful pseudoScience
The dominant economic model Known as neoclassical exploits society instead of serving it. In the last half century it got more sociopathic by becoming finance-driven thus moving even further from reality than before. Orthodox Economics brooks no competition and unable to benefit from corrective competition.
Founded on assumed theoretical formulations like free market and perfect competition, it is a pseudoscience because the assumptions are not rooted in actual economic behaviour and are not testable. However, as long as internally consistent these abstract structures are taken as reality. Heterodox ideas, by definition, fall outside the current scientific paradigm and are deemed unscientific—kettle calling the pot black.[1] This inversion of attitude is maintained because the Capitalism is a pure power system[2] dedicated to upholding an ideology on which the legitimacy of the ruling minority rests.
- ↑ "Economics". Investopedia. Investopedia. 2025. Retrieved March 25, 2025.
- ↑ "Capital as Power in the 21st Century". Capitalaspower.com. Accessed March 25, 2025.
An agenda[edit]
Three source books:
Ones first article is a real challenge[edit]
But here it is. Will it be speedily deleted?... do I need to sign it?... and may other trivia worry one.
The use of first person is frowned upon, says the manual of style.
* In the title, a more robust label should replace harmful
In the Saloon bar a poll is posted: It's the end of the world as we know it. Do you feel fine?[edit]
- Well, call Orthodox economics to the dock at the bar of public opinion.