Sunday, October 31, 2010

Neoclassical Economics, Good Bye and Good Riddance!

The following was written by economics students at Berkeley CA

a week ago with the intention of launching an international

student movement in oppositionto neoclassical domination.

Kick It Over Manifesto
We, the undersigned, make this accusation: that you, the teachers of neoclassical economics and the students that you graduate, have perpetuated a gigantic fraud upon the world.
You claim to work in a pure science of formula and law, but yours is a social science, with all the fragility and uncertainty that this entails. We accuse you of pretending to be what you are not.
You hide in your offices, protected by your mathematical jargon, while in the real world, forests vanish, species perish and human lives are callously destroyed. We accuse you of gross negligence in the management of our planetary household.
You have known since its inception that one of your measures of economic progress, the Gross Domestic Product, is fundamentally flawed and incomplete, and yet you have allowed it to become a global standard, reported day in, day out in every form of media. We accuse you of recklessly projecting an illusion of progress.
You have done great harm, but your time is coming to a close. Your systems are crumbling, your flaws increasingly laid bare. An economic revolution has begun, as hopeful and determined as any in history. We will have our clash of economic paradigms, we will have our moment of truth, and out of each will come a new economics – open, holistic, human scale.
On campus after campus, we will chase you old goats out of power. Then, in the months and years that follow, we will begin the work of reprogramming your doomsday machine.
Sign the manifesto at


Blogger Jemmy Hope said...

I've copied this to my blog; I'm sure you won't object.

1:18 PM  
Blogger Larry Gambone said...

Pleased that you do. and keep swearing at that telly!

6:23 PM  
Blogger Renegade Eye said...

That was interesting.

Keep your eye on the currency wars. There is another bubble coming. Speculation is going through the roof. It's been great for Soros.

At my blog I commented on the Minnesota based Farmer Labor Party from the 1930s. It was a real labor party, and it made the Dems, a third party.

10:50 PM  
Blogger Jemmy Hope said...

"... keep swearing at that telly!"
Cheers, comrade!

12:28 PM  
Blogger uniplmr1 said...

I'm really glad to see this. Berkeley, good ol' Berkeley.

4:48 PM  

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