Recently critics have mounted a more fundamental line of attack on mainstream economists, taking aim at the ideology that has grown dominant over the past 30 years, which they say played a significant part in causing the Great Recession and not doing much to help solve it.
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From Nancy Folbre’s NYT Economix post, Occupy Economics:
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.
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