Word: fekstein
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...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...
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