Stephen Marglin examines how the culture of economics has impacted on Third World cultures. He argues that economics is possessed by its own theory of culture based on the market as the organizing principle of life, one that we need to go beyond.

Using the Keynesian theory of effective demand, this paper demonstrates how particular models, such as that of "cooperative capitalism" enunciated by the left Keynesian social democrats, the Marxian model of "profit squeeze" emphasizing distributive conflict, and even the conservative model...

Mainstream economic thinking is coming under serious attack from many quarters. But this member of the economic establishment raises some of the most fundamental questions about both its assumptions and its consequences. Community, he argues, is essential to life. But maximizing the...

Stephen Marglin and Tariq Banuri argue that the debate between neoclassical and ecological economists over the limits to growth cannot be resolved by appealing to their empirical analyses, but by using the framework of environmental justice.

The conception of economics education implicit in the <italic>Voluntary National Content Standards in Economics</italic> is fundamentally at odds with what ought to be a primary goal of a liberal education: to teach students of all ages to treat all truth as provisional. Articulate the consensus, but also...

Economists celebrate the market as a device for regulating human interaction without acknowledging that their enthusiasm depends on a set of half-truths: that individuals are autonomous, self-interested, and rational calculators with unlimited wants and that the only community that matters is...