![]() Hence, they also tend to consider the views which are commonplace within the field of economics as faulty, or simply as pseudoscience. Critics of economy commonly view "the economy" as a bundle of concepts and societal and normative practices, rather than being the result of any self-evident economic laws. ![]() Ĭritics of political economy do not necessarily aim to create their own theories regarding how to administer economies. The critique asserts the conventional economy is merely one of many types of historically specific ways to distribute resources, which emerged along with modernity (post-Renaissance Western society). Or as transhistorical (true for all human societies for all time). ![]() The critique also rejects what its advocates believe are unrealistic axioms, faulty historical assumptions, and taking conventional economic mechanisms as a given Marxist rejection of mainstream economic theoryĬritique of political economy or simply the first critique of economy is a form of social critique that rejects the conventional ways of distributing resources. ![]()
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