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Jul 31 2009

Foucault on economists?

Published in world view, society, psychology, philosophy, financial crisis, fiction, epistemology, economics, dissent by Tuomas Kuronen

Ok, this might be a long shot, but I'll let it go anyway. After a long weekend of homo oeconomicus -bashing at Philosophy of Management conference, I could not but read Michel Foucault's Madness and Civilization with the same glasses on. Naturally, he discusses madness (which is far from economics), quoting Louis-Sébastien Mercier:

"Thus there are in Paris some very good people, economists and anti-economists, who have warm hearts, eager for the public good; but unfortunately they have cracked heads; that is, they are shortsighted, they do not know what century they are in, nor what men they are dealing with; more unbearable than idiots, because with pennies and false lights they start from an impossible principle and reason falsely therefrom."

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