Social Murder
And Other Shortcomings Of Conservative Economics
By Robert Chernomas and Ian Hudson
Corporate power is one of the strongest forces shaping our world. More than
half of the top 100 economic entities today are private corporations. With
their immense size comes commensurate influence, to the point where
corporations are able to wreak social and environmental destruction with few
serious consequences. Yet, amazingly, this subject is essentially absent
from the study of economics.
The conservative economic theory that dominates the profession is based on
the core belief that as little as possible should interfere with businesses’
pursuit of profit. This approach to economics ignores history, politics,
poverty, the natural environment, and social class, among other inconvenient
realities. Conservative economics would almost be laughable—were it not for
the fact that this way of thinking helps prop up the worst excesses of
capitalism.
Social Murder examines the connections between the destructiveness of global
capitalism and the professional economists who help keep it that way.
Robert Chernomas is a Professor of Economics at the University of Manitoba
with research and political interests in health economics, the social
determinants of health and macroeconomics.
Ian Hudson is an Associate Professor of Economics at the University of
Manitoba, currently researching in the areas of political economy and
ethical consumption.
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