The neo classical model is so obviously stupid and insane its genuinely baffling to me that it is the lingua franca in academia. Like it doesnt even try to hide any of its contradictions, its just very obviously shit

IMO if you separate the obvious social/cultural issues of the 20th century(racism, conservatism etc) and just look at the core structure, our capitalist world is not really any different than Marx’s era 200 years ago. Some of those issues only changed due to technological development e.g worldwide slavery was a contradiction to industrialization.

The point is your realization is sadly old news, even back then he already saw academia as dishonest and serving no purpose other than as capitalist apologetics. I think there is a quote somewhere but I don’t remember.

Personaly when I started reading a lot more about marxist economics a few years ago(thanks M.Roberts blog) I had the same realization.

It is all emperors new clothes. All apologetics. May as well be arguing with Catholic fundamentalists. Then the sad realization nothing, literaly nothing changed over the whole 20th century. Idiots actual taking Austrian shit seriously, Keynes nonsense etc… Meanwhile crisis after crisis without explanation or answers, just promises, forecasts and those too obviously wrong most if not all the time.

I really thank M.Roberts for making this point so often in his blog, the most distinct “feature” that gives away that economics is not a science is how they don’t ever try to explain anything and when they do and fail, they refuse to re-evaluate and change their theories. You end up always asking the same questions and they always give the same wrong answers… its almost as if the whole point was to propagate ideology rather than to investigate and explain anything about our world.