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Neoclassical Ideas

Posted by Miranda on October 14, 2001 at 10:22:23:

Does it seem to anyone else that neoclassical ideas are just a little bit out of whack? Most of us seem to agree that the neoclassical system is unrealistic, that it doesn't take into account any variation and that it assumes all people are given equal opportunitites. But it is also clear that the people running our government and our economic system right now really like the neoclassical framework. Doesn't that seem a little fishy? It's obvious that all those people, white men most of the time, had some advantage that made it possible for them to now be running the country. So how can they truthfully tell us that we all have an equal chance to "be the president someday" or whatever. Maybe they're in charge and they want to stay in charge, so the more we all believe that the neoclassical system works, the easier it will be for them to stay on top. Am I blowing this out of proportion?




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