Ever since the beginning of the crisis, there’s been much discussion about the failure of mainstream economics to either foresee it or develop appropriate policy responses.  Of course, within the mainstream, the saltwater economists were quicker to respond than the freshwater types, who are still caught up in their etherealized renditions of market societies.  Yet, the mainstream still seems unaware of the ideological underpinnings of its “scientific” enterprise.  The following piece does a nice job of covering some of these issues ..

Real World Economists Must Lead « Real-World Economics Review Blog.