The intellectual project on which mainstream economists were raised, and which still forms the backbone of textbook education, has disappeared.
The intellectual project on which mainstream economists were raised, and which still forms the backbone of textbook education, has disappeared. What remains is a pastiche of attempted patches, apologies, and corruptions of “heterodox” ideas, all peddled by exponents of an “orthodoxy” that lacks a theoretical core. KASHGAR—In what is best read as a preemptive swipe atIsabella Weber’s new book,Anti-Fascist Economics,Jason Furman, the chair of the White House Council of Economic Advisers during US President Barack Obama’s second term, recentlyofferedthe following half-truth: “the fatal challenge to heterodox economics is that there isn’t actually orthodox economics.”