DECODING ECONOMIC IDEOLOGY

<p class="first" id="d359994e59">Economics derives its power from an illusion of scientific objectivity. From the very beginning of the discipline, economists have gone to great lengths to craft their work, excluding work, workers, and working condit...

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Main Author: Michael Perelman
Format: Article
Language:English
Published: Pluto Journals 2011-03-01
Series:World Review of Political Economy
Online Access:https://www.scienceopen.com/hosted-document?doi=10.2307/41931919
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author Michael Perelman
author_facet Michael Perelman
author_sort Michael Perelman
collection DOAJ
description <p class="first" id="d359994e59">Economics derives its power from an illusion of scientific objectivity. From the very beginning of the discipline, economists have gone to great lengths to craft their work, excluding work, workers, and working conditions. Two particular episodes illustrate this failing. Adam Smith's story about the pin factory never mentioned that the pin manufacturers were working with the world's largest industrial operation in the world, located outside of Smith's little village and that the owners were close friends. The French documents, which he plagiarized, described pin makers' unhealthy working conditions. A much older steam-driven pin factory was famous. Finally, other than describing the division of labor work, workers, and working conditions mostly disappears from his work. After the Paris Commune, to respond to Marx, economists crafted marginalism, but, they opposed marginalism in their policy recommendations and organized the American Economic Association as a bulwark against marginalism. </p>
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spelling doaj.art-0153b4800f874bb5ac531482c6df229f2023-05-03T13:50:35ZengPluto JournalsWorld Review of Political Economy2042-891X2042-89282011-03-0121768910.2307/41931919DECODING ECONOMIC IDEOLOGYMichael Perelman<p class="first" id="d359994e59">Economics derives its power from an illusion of scientific objectivity. From the very beginning of the discipline, economists have gone to great lengths to craft their work, excluding work, workers, and working conditions. Two particular episodes illustrate this failing. Adam Smith's story about the pin factory never mentioned that the pin manufacturers were working with the world's largest industrial operation in the world, located outside of Smith's little village and that the owners were close friends. The French documents, which he plagiarized, described pin makers' unhealthy working conditions. A much older steam-driven pin factory was famous. Finally, other than describing the division of labor work, workers, and working conditions mostly disappears from his work. After the Paris Commune, to respond to Marx, economists crafted marginalism, but, they opposed marginalism in their policy recommendations and organized the American Economic Association as a bulwark against marginalism. </p>https://www.scienceopen.com/hosted-document?doi=10.2307/41931919
spellingShingle Michael Perelman
DECODING ECONOMIC IDEOLOGY
World Review of Political Economy
title DECODING ECONOMIC IDEOLOGY
title_full DECODING ECONOMIC IDEOLOGY
title_fullStr DECODING ECONOMIC IDEOLOGY
title_full_unstemmed DECODING ECONOMIC IDEOLOGY
title_short DECODING ECONOMIC IDEOLOGY
title_sort decoding economic ideology
url https://www.scienceopen.com/hosted-document?doi=10.2307/41931919
work_keys_str_mv AT michaelperelman decodingeconomicideology