"As non-neoclassicists began to reappropriate IPE as a term for their study, a movement began within the neoclassicists to incorporate political economy into their school of thought. Called New Political Economy, or ultra-orthodox economists, these were a select few at Chicago, George Mason and Virginia. The crux of this school is the belief that to account for economic behavior, you have to take into account human behavior. Humans, in turn, are egoist, self-involved decision-makers who are out to maximize their interests and needs. These new neoclassicists began to expand their theories to household economics, best embodied by Becker’s statement “Children are like refrigerators”. This launches the Chicago School and begins the colonization of anthropology and law and sociology by economic theories as formulated by ultra-orthodox neoclassicists."
- I kid thee not. This is not only how I take notes, but this is just a smidge of what we talked about in my Great Books in International Political Economy.
