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Critique which questions the very object of "the economy". / From Wikipedia, the free encyclopedia
Critique of political economy or critique of economy is a form of social critique that rejects the various social categories and structures which are constitutive of the contemporary form of resource allocation (ie "the economy"). Its adherents also tend to critique mainstream economists' use of what they believe are unduly unrealistic axioms, faulty historical assumptions, and the normative use of certain purportedly descriptive narratives. For example, they allege that economists tend to posit "the economy" as an a priori societal category.[1][2][3][4]
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Those who engage in critique of economy tend to reject the view that the economy, is to be understood as something transhistorical,[5][6][7] but rather argue that it is a as relatively new mode of resource distribution which emerged along with modernity.[8][9][10] Therefore, the economy, is seen as merely one type of historically specific way to distribute resources.
Critics of economy critique the given status of the economy itself, and hence don't aim to create theories regarding how to administer economies.[3][11][1][4]
Critics of economy commonly view what is most commonly referred to as the economy as being bundles of metaphysical concepts, as well as societal and normative practices, rather than being the result of any "self-evident" or proclaimed "economic laws".[2][4][12] Hence they also tend to consider the views which are commonplace within the field of economics as faulty, or simply as pseudoscience.[13][14][15][16]
There are multiple critiques of political economy today, but what they have in common is critique of what critics of political economy tend to view as dogma, i.e. claims of "the economy" as a necessary and transhistorical societal category.[17][4]