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[...] The neoclassical doctrine is basically a bald claim that distribution is somehow not a function of, or really even affected by, social power and property relations. Instead, we are told, who gets what is determined outside those processes, in the neutral, apolitical, and un-manipulatable fi…

The Jevonian revolution definitively ended the hold of "who gets what," class-based analysis in orthodox economics, and instead consecrated the individual "consumer" as the unit of analysis.

The first twist is in the theory of disribution. [...] In fact, the well-known neoclassical doctrine that "without interference" markets will function perfectly (or "clear") is also known as "demand theory". The second twist is in the theory of value: while the classicals took capitalist value, the…

In fact, the well-known neoclassical doctrine that "without interference" markets will function perfectly (or "clear") is also known as "demand theory".

[...] The whole point of paying workers well is to keep the system going--in fact, there is a theory in orthodox economics that says this is exactly what "fair" wages do. So as a social justice strategy, wage demands are key. As a social transformation strategy, they are insufficient.

Yet it mus…