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Example? Hayek and all of the neo-liberals, who believe explicitly that political power should be mediated by markets, and that if people are excluded from decision-making as a result, that's not in any way a bad thing.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Sun Dec 20th, 2009 at 08:35:16 PM EST
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Gee, I wonder if "Hayek and all the neo-liberals" would take exception to your characterization.

And are they "economic theory" all by themselves?

Please explain.

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by ormondotvos (ormond.otvosnospamgmialcon) on Sun Dec 20th, 2009 at 08:44:32 PM EST
[ Parent ]
Politically, they're the only economic theory that matters. No one cares what heterodox heretics think, and they certainly have absolutely no influence on US policy - the US being a country where a centrist like Krugman might as well be Karl Marx.

A bit of reluctant pseudo-Keynesian pumping over the last year hasn't done a lot to change that.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Sun Dec 20th, 2009 at 08:56:52 PM EST
[ Parent ]
I don't find any explanation in this, just assertions.
by ormondotvos (ormond.otvosnospamgmialcon) on Mon Dec 21st, 2009 at 08:59:45 PM EST
[ Parent ]


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