Stalinist planned economics and the mathematical neoclassical economics underpinning neoliberal policy since 1979 are effectively mirror images: both are closed-system, deterministic 'machine models' of the economy that assume a fully efficient system is achievable (a perfect plan or a perfect market) and therefore converge on the same statecraft of quantification, output planning and forecasting.

causalpending

Speaker

Abby Innes

Evidence Quote

they're effectively both machine models of the economy. They both operate with sort of closed system reasoning about the possibility of a completely efficient system

Source

How neoliberalism broke economics | Dr Abby InnesThe Institute of Art and Ideas
Created: 6/18/2026, 1:57:30 PM

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