Mainstream Amnesia: <i>Why Evolutionary Ideas in the Mainstream Are Not Being Recognized for What They Are and How Institutional Economics Can Benefit</i>

Wunder, Timothy A.

doi:10.1080/00213624.2009.11044349

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Review Of Social Economy1

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2012

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“…Davis (2006) wrote about the turn from neoclassical dominance to mainstream pluralism. Wunder (2009) has noted the recent emergence of several works produced by authors housed at mainstream institutions that suggest that the mainstream is no longer as market/laissez faire oriented as it has been over recent years. Davis suggests that the dominance of the neo-classical laissez faire myth reached its zenith in the 1970s (2006: 8).…”

Section: Review Of Social Economymentioning

confidence: 95%

Pragmatism to Dogmatism: The Laissez Faire Myth and the Disabling of the American Fisc

Adkisson

Mohammed

2012

Review of Social Economy

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The authors argue that the recent upsurge in anti-tax sentiment has its roots evolving social conditions and adherence to the laissez faire myth. Content analysis reveals that political anti-tax rhetoric increased in the late 1970s and early 1980s, a time of social distress in the US. This increased political attention provided a rhetorical punctuation whereby a substantial portion of Americans moved toward a much more dogmatic adherence to the laissez faire myth. The result has been to convert the laissez faire myth into a disabling myth that severely limits open discussion of fiscal issues and reduces the options in public finance decisions.

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Section: Review Of Social Economymentioning

confidence: 95%