Economics, Socialism, Ecology: A Critical Outline (Part 2)

by Kamran Nayeri Introduction In Part 1, I argued that economics is neither an objective science nor capable of providing a lasting solution to the contradictions of the capitalist economy and society. As a discipline it has emerged to maintain and justify the capitalist system and it will wither away with its downfall.  Also, I argued that Karl Marx’s critique of political economy (“economics” of his time) and the capitalist system is a specific application of his theory of history, historical materialism, that aims to serve self-activity and self-organization of working people with the logic of transcending the capitalist system … Continue reading Economics, Socialism, Ecology: A Critical Outline (Part 2)

Economics, socialism and ecology: A critical outline (Part 1)

by Kamran Nayeri Introduction Economics appears as the religion of modern times. As John Maynard Keynes asserted, it seems as if the world is ruled by little else than economics. Following Marx, I will argue that economics is a pseudo (ideologically driven) science that originated with the rise of the capitalist mode of production and will wither away with its downfall.  I will cite some key junctures in the evolution of economics from classical political economy to the neoclassical and Keynesian economics to illustrate this claim.  I will also argue that Marx’s critique of political economy (“economics” of his time) … Continue reading Economics, socialism and ecology: A critical outline (Part 1)