Word: mainstreamly
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...heavily with O'Neill (they are both Irish, fat, and aggressive), he tends to make O'Neill seem a more important force last summer than he actually was. O'Neill was doing nothing more than the ordinary politician does all the time: going with, and perhaps gently influencing, the mainstream of his colleagues' opinions. Unlike those Republicans on the Judiciary Committee who voted for impeachment. O'Neill had nothing to lose. He was in the right place at the right time...
...other radical economist since Samuel Bowles and Herbert Gintis were shown the door in 1972, is leaving town. He too has been denied tenure. Even sympathetic liberals, like John Kenneth Galbraith and Wassily Leontief, seem an endangered species. So Marglin will be almost alone in his challenges to mainstream economics and, more than ever, he will seem the Economics Department's bright-boy-gone...
Marglin followed the lead of Weisskopf. Bowles, Gintis, and MacEwan--non-tenured economists who abandoned the mainstream in the late '60s, and began developing a radical perspective on capitalism. In 1970, he offered a course with Gintis. "Alternatives to Neoclassical Theory." "I shudder when I think of the primitive nature of that course." Marglin says, recalling how eight or nine students came to hear them talk about their work Now, Marglin thinks that his classes are more systematic--"They're real courses," he says...
...difference remains that mainstream economists--as demonstrated in the April debate when Otto Fekstein bluntly asserted. "I believe in capitalism"--are still committed to the system: It's not that they are unable to reconcile their politics with their work, as was the radicalized Marglin in the late '60s. He thinks mainstream economists are inextricably bound to capitalism. "Their politics are quite consistent with their economics." Marglin say. Marglin doesn't think many economists were radicalized by the debate last month--"I didn't really expect to shake Otto's faith in capitalism," he laughs. But he does believe that...
...resurgence of radical consciousness that will bring radical economics to Harvard despite the votes of the faculty, and expects that it will be met with hostility again. "There will be a next time around, and there will be growth," he says. "But it won't be respectable to the mainstream because it's a threat. It's a threat to their power, to their prestige, to their incomes, every...