georgephillip
Diamond Member
"The Occupy Wall Street movement, displaced from some key geographic locations, now enjoys a small but significant encampment among economists.
"Concerns about the impact of growing economic inequality fit neatly into a larger critique of mainstream economic theory and its deep faith in the efficiency of markets.
"Many unbelievers (including me) insist that we inhabit a global capitalist system rather than an efficient market.
"Willingness to use the C-word (capitalism) often signals concerns about a concentration of economic power that unfairly limits individual choices, undermines political democracy, generates financial and ecological crises and limits access to alternative economic ideas..."
Nancy Folbre: Occupy Economics - NYTimes.com
Capitalism deserves the same fate as communism.
Starting in November 2012.
"Concerns about the impact of growing economic inequality fit neatly into a larger critique of mainstream economic theory and its deep faith in the efficiency of markets.
"Many unbelievers (including me) insist that we inhabit a global capitalist system rather than an efficient market.
"Willingness to use the C-word (capitalism) often signals concerns about a concentration of economic power that unfairly limits individual choices, undermines political democracy, generates financial and ecological crises and limits access to alternative economic ideas..."
Nancy Folbre: Occupy Economics - NYTimes.com
Capitalism deserves the same fate as communism.
Starting in November 2012.