"The Clash of Economic Ideas interweaves the economic history of the last hundred years with the history of economic doctrines to understand how contrasting economic ideas have originated and developed over time to take their present forms. It traces the connections running from historical...

Cover -- THE CLASH OF ECONOMIC IDEAS -- Title -- Copyright -- Contents -- Figures -- Acknowledgments -- Introduction -- AN OVERVIEW OF THE COMING CHAPTERS -- DO ECONOMIC IDEAS HAVE CONSEQUENCES? -- THE STRUCTURE OF INTELLECTUAL PRODUCTION -- GOVERNMENTS VERSUS MARKETS -- SOCIALISM VERSUS...

The term “marketplace of ideas” is thoroughly misleading. This phrase is often used to suggest that bad ideas are “defeated” by better ideas in public discourse. In the field of economics, for example, it is commonly assumed that the mainstream, precisely because it is the mainstream,...