As some of you may have noticed, I've long joked that "heterodoxy is heresy" and that the validity of neoclassical economics is essentially beyond dispute. I must however admit that I'm increasingly wondering if this really the case- perhaps not so much the classical liberal foundations, but the inerrancy of markets and the wisdom of assuming that a "market solution" is invariably going to be better than an intervention.
As every neoclassical liberal economist knows, and statement of the form "x is invariably the better solution" has nothing to do with neoclassical liberal - or any other - economics. That is, in fact, the difference between science and religious cult.
Take it from this neoclassical liberal economist
