Word: capitalist
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...against the hierarchical structure of decision making in the Economics Department, our objective is not to advise or serve those with power, but to develop an economic analysis which can contribute to the elimination of the structure of power which characterizes the social, political and economic institutions of the capitalist system...
...racism, apologetics for U.S. imperialism, sexist psychology, and other perversions of social science. It's called the free market place in ideas; the basic principle is that those who finance research and teaching get what they want. In my discipline, this has meant that the overriding problem of the capitalist class has become the subject matter of economics: namely, the identification and implementation of the most profitable allocation of resources, both within the individual enterprise and in the society at large...
...does not admit the notion of power proved to be a misleading guide to the study of inequality or imperialism. A school of thought virtually devoid of tools of dynamic analysis and which takes the institutions of capitalism as given did not even attempt to understand where the advanced capitalist economy was going. Nor did it provide the basis for a critique of capitalism. The result has been that where conventional economists have attempted to deal with these problems, the result has borne the unmistakable mark of an ad hoc analysis using tools totally inappropriate to the task at hand...
...experience of the 1960s and early 1970s and a reading of U.S. history has persuaded us that the problems we confront cannot be solved within the framework of the capitalist society. (The argument is spelled out in some detail in R. Edwards, M. Reich, and T. Weisskopf, The Capitalist System, a book that grew out of our experience teaching...
...definition of economics and of our roles as economists stems from our committment to serve the people who suffer under the capitalist system, not those who run it. The differences between us and the conventional economists is thus intensely and (on our part at least) openly political. What is "useful knowledge" to us is often outside of, or even in conflict with their definition of their discipline, not to mention their own personal role in the capitalist order...