John Quiggin is an Australian economist and professor at the University of Queensland. He has also held academic positions at the Australian National University and James Cook University. Best known for his work on utility theory, Quiggin is among the top 500 economists in the world according to...

In this paper, I consider Michel Foucault's work on liberal capitalism at the end of the 1970s, most often discussed under the heading 'governmentality,' as a critique of political economy in Marx's sense, though based on very different and in some ways much more radical premises. Insofar as...

In a programmatic article Alfred Eichner explained, from a Post Keynesian perspective, why neoclassical economics is not yet a science. This was some time ago and one would expect that Post Keynesianism, with a heightened awareness of scientific standards, has done much better than alternative...

In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...

We suggest that one way in which economic analysis is useful is by offering a critique of reasoning. According to this view, economic theory may be useful not only by providing predictions, but also by pointing out weaknesses of arguments. It is argued that, when a theory requires a non-trivial...

We suggest that one way in which economic analysis is useful is by offering a critique of reasoning. According to this view, economic theory may be useful not only by providing predictions, but also by pointing out weaknesses of arguments. It is argued that, when a theory requires a non-trivial...

Section I: Ideology and Methodology -- 1. Economics: Ideology or Rationalistic Inquiry? -- 2. The Limiting Principle: A Short History of Ideology in 20th Century Economics -- 3. Deconstructing Marginalist Microeconomics -- 4. Methodology, Modelling and Bias in Economics -- Section II:...