Bourgeois economics

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Bourgeois economics refers to any economic theory developed from the perspective of the bourgeoisie rather than the proletariat. It busies itself mainly with the justification and management of the capitalist economy. Marxian economics begins as a critique of bourgeois economics, taking its principles and turning them on itself.

This article gives an overview of bourgeois economics in as far as it is bourgeois, that is, serves to uphold the interests of capital.

History[edit]

Classical political economy[edit]

Current schools[edit]

Orthodox[edit]

Heterodox[edit]

Austrian economics[edit]

The Austrian school of economics arose during the late 19th century alongside the development of marginal utility theory. Although later economic theory has largely superseded the Austrian school, it remains popular within the US because of its promotion of free market ideology and imperviousness to empirical evidence.