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Unfortunately, Wiki attributes the origin of neo-classical economics to conflicts with Marx. Gaffney showed that the real reaction was to Henry George and that George's critique was more dangerous to the interests that neo-classical economics was created to protect in that it justified the taxation of the value of land as the primary basis of income for the government. That would have seriously derailed one of the most profitable wealth accumulation strategies of the period since the US Civil War.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Dec 19th, 2011 at 02:18:48 PM EST
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