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

["Jim Devine" <jdevine03@xxxxxxxxx>]

Carrol Cox wrote:
> 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.

there's a key difference: NC economics tells businesses what they want
to hear. This is especially true of the more _laissez faire_ version
of NC economics and the more conservative billionaires. The SDA and
SWP, on the other hand, have never had the same kind of economic
support.

My old labor economics prof. used to say that Chicago-school NC
economics is totally useless for policy-making (at least in labor
economics). That's true in many ways, but business types want to hear
how they ("the market") can't do wrong. When things go bad and they
need a subsidy, of course, market-oriented economics is quickly
forgotten.
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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