In most college courses – sociology, anthropology, psychology, history – there are anywhere from 4 to 6 theoretical schools taught. But when it comes to economics, there is only one school taught – neoclassical economics. Furthermore, neoclassical economics is not even named as a school. It’s just called “economics”, which is actually capitalism. In this half hour interview, Michael Hudson explains the history and the crafting of a propaganda model which both confuses and mystifies the public. Hudson’s book on the subject is J is for Junk Economics.
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