Critical Theory of Economics

A framework that turns critical theory's tools onto the discipline of economics itself—examining how economics as a field produces knowledge, serves power, and shapes reality. The critical theory of economics asks not just about economic phenomena but about economics: who gets to be an economist, what counts as economic knowledge, how economic models shape the reality they claim to describe, how the discipline's pretensions to science mask its service to power. It draws on history of economic thought, sociology of knowledge, and critical theory to understand economics not as a neutral science but as a social practice with political effects—a way of making worlds, not just describing them.

Example: "Her book showed how economic models don't just describe markets—they create them, training people to behave as the models predict. Critical Theory of Economics: turning critique from the economy to economics itself."

by Dumu The Void March 14, 2026