Why Thinking Like an Economist Can Be Harmful to the Community

Stephen Marglin

Challenge, 2008, vol. 51, issue 2, pages 13-26

Abstract: 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 individualistic variables that economic mainstreamers believe matter most can often destroy community relationships. We should know the consequences, he contends.

Date: 2008

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