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Markets, Money and Ideology

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  • Simon Mohun

    (Queen Mary and Westfield College, University of London)

Abstract

Marx's critique of Hegel is used to derive a demarcation criterion that sharply separates scientific knowledge from ideology, and interprets Hegelian methodology as fundamentally ideological. Economic theory is considered according to this demarcation criterion, and the paper argues that economic science too easily becomes economic ideology. One reason for this tendency towards slippage is the dominance of money relations in contemporary society. For the labour theory of value in Marx has a theory of money whose structure is identical to Hegelian logic, and an antipathy to a scientific approach is thereby grounded in everyday life.

Suggested Citation

  • Simon Mohun, 1999. "Markets, Money and Ideology," Working Papers 402, Queen Mary University of London, School of Economics and Finance.
    • Handle: RePEc:qmw:qmwecw:402
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    File URL: https://www.qmul.ac.uk/sef/media/econ/research/workingpapers/1999/items/wp402.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Ideology; Marx; Money;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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