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Theoretical and Applied Economics
No. 1 / 2011 (554)

The Circularity of Ideologies

„"Too big to fail" became, through the channel of ideology, the antinomic expression of the free market theory.”

The true turbulences with which the idea of crisis has been associated don't belong as much to the eminently irrational behavior of the financial markets, as they do to the attempt of making heard the ambitions of imposing of one ideological vision or the other. From the libertarian over-excitement with regard to the millennial wonders of the market to the most perverse interventionism of the top-down change, almost all variants of political ideology exhibited their exaggerations in the form of promises to bring us out of the crisis. These, though, have been driven only by the cause of maintaining power through the overuse of perverse forms of market control. There is no doubt that the panic induced by the crisis was and continues to be associated with the stretching to the limit of the prevalent positions around the circuits of wealth.

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The Circularity of Ideologies
Marin Dinu

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The Economicity. The Epistemic Landscape, Marin Dinu, 2016

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