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ERIC Number: EJ1088013
Record Type: Journal
Publication Date: 2016-Feb
Pages: 18
Abstractor: As Provided
ISSN: ISSN-1474-0222
"State of the Art" or Dismal Science? The Economic Debate in South Africa since 1994
Fryer, David
Arts and Humanities in Higher Education: An International Journal of Theory, Research and Practice, v15 n1 p122-139 Feb 2016
Both the loss of prestige caused to mainstream economics by the global financial crisis and the resurgence of heterodox economics have proved to be superficial. "Where it counts" (in the teaching of economics, in the most important policy circles, and in the most prestigious journals) neoliberal economics has proven resilient to dissent. Political dissent at South Africa's self-imposed structural adjustment programme peaked in 2007 at the ANC's elective conference and has subsequently lost impetus. Heterodox economics, although providing a more compelling account of the post-apartheid period, has for the most part been unable to penetrate the neoliberal bubble. This state of affairs is partly due to power relations, but it is also a function of the kind of economics that is regarded in the profession as "state of the art".
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: South Africa
Grant or Contract Numbers: N/A