He demonstrates that the study of economics celebrates capitalism in ways that make it necessary to classify economic science as pure ideology a thoroughly modern history this book shows how economics has become ideology a radical critic of capitalism dowd surveys its detrimental impact across the globe and throughout history. Shelves economics history political theory dowds analysis is primarily historical given that he examines how modern industrial capitalism came to be understandably a short book like this should fail to do justice to such an overwhelming task. Edward s herman this classic book is an ideal introduction to economic thought and the dominance of capitalism ideal for students of economic theory and history now thoroughly revised and updated this new edition includes a new preface and an additional chapter by the author. He demonstrates that the study of economics celebrates capitalism in ways that make it necessary to classify economic science as pure ideology a thoroughly modern history this book shows how economics has become ideology a radical critic of capitalism dowd surveys its detrimental impact across the globe and throughout history