Left economistsâ voluntary adherence to orthodoxy explains the leftâs failure post-2008.
Evidence
I am sure Quiggin didnât intend it, but this came too perilously close to Margaret Thatcherâs âThere Is No Alternativeâ for comfort. These notions that serious intellectual work outside well-worn paths sanctioned by the established disciplines has often proven ineffectual when it comes to political rough and tumble; that every valid critique of neoclassical economics has already been made by someone else long ago and, furthermore, has been adequately absorbed by the cognoscenti; that you must voluntarily shackle yourself to the tropes of the modern economic orthodoxy if you have pretentions to be taken seriously; and that every doctrine should be judged in a codâJohn Dewey fashion by its immediate proximate usesâall constitute major impediments to understanding how the left has failed in the current crisis. â Philip Mirowski, Never Let a Serious Crisis Go to Waste, 58
Categorization
- XREF: Mirrors the âthought collectiveâ mechanism: exclusion from epistemic community coerces conformity to shared tropes, not just ideas â same logic Mirowski applies to scientists and economists alike. â connects to: The 2008 crisis strengthened rather than weakened the political right â Philip Mirowski, Never Let a Serious Crisis Go to Waste, 8; Left parties struggled to comprehend the swift neoliberal resurgence after 2008 â Philip Mirowski, Never Let a Serious Crisis Go to Waste, 9; The 2008 crisis disoriented the left instead of vindicating its economic worldview â Philip Mirowski, Never Let a Serious Crisis Go to Waste, 46 (+7 more)
Broader Connections
- The leftâs reliance on orthodox economics enabled its co-optation by neoliberalism
#corroborates(0.85) â Philip Mirowski, Never Let a Serious Crisis Go to Waste, 901 - French economists rejected Keynesianism as illegitimate from a left-wing perspective
#exemplifies(0.80) â Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, 298 - After 2008 the neoliberal thought collective intensified capture of economics
#corroborates(0.75) â Philip Mirowski, Never Let a Serious Crisis Go to Waste, 975 - Bifurcating politics and economics undermines left critique of neoliberalism
#corroborates(0.72) â Aris Komporozos-Athanasiou, Speculative Communities, 431 - The Rightâs rise depends structurally on the Leftâs failure in power.
#corroborates(0.70)