This work examines the practical impact of ecomics and ecomic ideology on the Third World. Gondwe argues that the scientific and technical veil covering ecomics reduces its capacity to affect current and future ecomic problems. Further, that by attempting to shed itself of its ideological underpinnings, ecomics - particularly neoclassical ecomics - is running the risk of becoming socially irrelevant. The author concludes that ecomics as it is w being practiced is inadequate to deal with real-world problems because its assumptions and methods bias it toward intellectual games and away from practical social problems. Ecomics, he argues, should return to the political ecomy it was before it was reduced to a mere study of markets, and the reintegration of ecomics into political ecomy should focus upon people, t wealth, as the subject and object of all ecomic activity. This work flies in the face of conventional ecomic wisdom and is aimed at scholars in ecomics, political ecomy, political science and ecomic history.
DERRICK K. GONDWE is Professor of Economics at Gettysburg College in Pennsylvania. He holds a B.A. from Lake Forest College, an M.A. from the University of Wisconsin, and a Ph.D. from the University of Manitoba.