Preliminary communication
ECONOMY AND IDEOLOGY: THE CASE OF THE INTERNATIONAL MONETARY FUND
Josip Lučev
; Josip Lučev, Vrbik 33, 10000 Zagreb
Abstract
The first part of the paper describes the internal incoherencies of the International
Monetary Fund and its consistent ignoring of empirical evidence.
The second part offers possible explanations for this nonchalance. A Kuhnian
perspective can explain it in terms of anomaly accumulation necessary for a
paradigm shift. Richard Peets’ explanation forwards a joining of Foucaults’
concept of dominant discourse with a Gramscian hegemony. Alternatively, ignoring
of evidence by the IMF may well be interpreted as part of a neo-imperialist
ploy directed at exploitation of developing countries. Finally, a concept
of anti-utilitarian nature of absolutely implemented ideology derived from the
writings of Hannah Arendt can explain the functioning of IMF beyond the
bounds of purpose. Taking into account these explanations, the possibilities of
change of harmful behavior for an institution such as IMF are suggested.
Keywords
IMF; scientific paradigm; hegemony; dominant discourse; imperialism; anti-utilitarian; ideology
Hrčak ID:
66491
URI
Publication date:
8.4.2011.
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