Re: [Pen-l] The Exclusion of Labor, cont.

[Carrol Cox <cbcox@xxxxxxxxx>]

Michael Perelman wrote:
> 
> 
> Economists regard this stubborn resistance to be good science.
> Predictably, the troubling questions raised by Lester and Card had no
> effect.  Economists' beloved micro-foundations and their faith in market
> efficiency remained invulnerable -- so much so that economists today rarely
> even bother to publish research about the core of economic theory.  In this
> environment, economists can continue to use their transaction-based theory
> without the inconvenience of dealing with work, workers, or working
> conditions.  But by removing work, workers, and working conditions from
> their theory, economists blind themselves to the kind of inefficiencies
> that this book shows, especially in Chapter 9.

Some sociologist should do a coparative study of the Seventh Day
Adventists, Neoclassical economics, and the SWP(1950-75). I'm sure the
similarities are profound.

Carrol

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