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The neoliberal "Rebirth" of development economics

Author

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  • Rémy Herrera

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

This article is to be published in the May 2006 issue of the Monthly Review. Nowadays, neoclassical economics' domination of development theory is on par with that of high finance's neoliberal power over development policies. There are important complementarities between these two forms of ideological domination which are mutually reinforcing and interdependent. Thus, it is not only the absence of a scientific basis and the logical inconsistencies that disqualify these approaches, but the ideological function and antisocial project that their methodologies and conclusions support in the service of world capital.

Suggested Citation

  • Rémy Herrera, 2006. "The neoliberal "Rebirth" of development economics," Post-Print halshs-00113514, HAL.
    • Handle: RePEc:hal:journl:halshs-00113514
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00113514
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    Keywords

    Development; neo-classical economics; neo-liberalism; crisis; heterodoxies; crise; développement; économie néo-classique; néo-libéralisme;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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