Jamal Awil

← Never Let a Serious Crisis Go to Waste

So far, nothing of the sort has happened. [fact]

Agnotological precepts suggest that the orthodox economics profession has been useful for neoliberal projects because it fills the sphere of public discourse concerning the crisis with excess noise and doubt. As long as it promulgates ineffectual "revisions" to core doctrine and keeps people distracted, looking for novelty (that will assuage their fears) where none is to be found, confusing even insiders about whether the crisis warrants changing the orientation of economics, then the NTC is getting value for money. The only thing that would give them pause is the genesis of a serious antineoliberal doctrine that began to draw the allegiance of significant numbers of economists, posing a real challenge to the neoliberal ascendancy. So far, nothing of the sort has happened.

Philip Mirowski, Never Let a Serious Crisis …, loc. 835