Arrow is regarded within the profession as progenitor of the Arrow-Debreu model, an inventor of neoclassical "health economics" and someone as far removed from neoliberal beliefs as it is possible for a respected orthodox economist to be; which just goes to illustrate the assertion in chapter 1 that the profession has become unself-consciously neoliberal, and also thoroughly compromised in its ability to conceptualize the main problems of the current era.

Philip Mirowski, Never Let a Serious Crisis …, loc. 2011