In: Economics
This is a book by john F.Henry where he describes about the theory and society in historical context.The historically inquiry led him to inquire more about the theory of underlying values and social relationship if they are to be as normal,natural and universal side of appearance.The idea of illusion is realted to the dominant economic class whose ideas are dominant in the society and it is accepted by the society.The idea put forth in the society is shown as freedom of ideas to show but its different in the market as it holds some high standards in the society as it will lift their societial values in terms of preservation of capital and hold their supremacy in the society.The ideas of the ruling class are in every epoch the ruling ideas.They have a control of both mental and material production as they link their ideas to raise the value of their society.These ideas that are given by them are nothing but its a dominant material relations where it is dominated by them and they impose it on those who are unable to be a part of this.This theory explain a hypothetical economy where it is totally different from the real history.It is created to show the dominance of the society their power in the society of holding property and other materials stuffs which shows that the dominance of ideas can lead to the various theories relating to their values to stand high in the market.