The Dismal Science: How Thinking Like an Economist Undermines Community See "Stephen Marglin on the Future of Capitalism" at FORA.Marglin dissects the w. Insurance may be a more efficient way to organize resources than a community barn raising, but the deep social and human ties that are constitutive of communi
| TITLE | : | The Dismal Science: How Thinking Like an Economist Undermines Community |
| AUTHOR | : | |
| RATING | : | 4.91 (378 Votes) |
| ASIN | : | 0674047222 |
| FORMAT TYPE | : | Paperback |
| NUMBER of PAGES | : | 384 Pages |
| PUBLISH DATE | : | 2010-05-10 |
| GENRE | : |
See "Stephen Marglin on the Future of Capitalism" at FORA.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 the nation-state. However, as Stephen Marglin argues, market relationships erode community. In the past, for example, when a farm family experienced a setback--say the barn burned down--neighbors pitched in. Now a farmer whose barn burns down turns, not to his neighbors, but to his insurance company. Insurance may be a more efficient way to organize resources than a community barn raising, but the deep social and human ties that are constitutive of community are weakened by the shift from reciprocity to market relations.Marglin dissects the w
EDITORIAL :
Stephen Marglin's The Dismal Science is a beautifully written and powerfully argued book that shows how the ideology of economics has justified and supported the trend towards selfishness and hyper-individualism in advanced societies. (Bianca Jagger)
In this timely and eloquent critique of the conventional economist's "ideology of knowledge," Stephen Marglin pinpoints a huge blind spot at the heart of this powerful discipline. They can't see community. It's not that the people of the earth are, for the economist, bereft of community. It's that he imagines them as interest-maximizing tin men who don't need it. So as Wal-Mart mows down local communities in America and NAFTA mows them down in rural Mexico, the conventional economist stands silent on this issue. Economists and non-economists alike should read this book, and pass it around to friends in their community--if i
REVIEW :
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