Word: mainstreamed
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Dates: during 1970-1979
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...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...
Most editorial writers generally agree that there is nothing left to do now but cut losses and save lives. Though the New York Daily News and the Wall Street Journal give qualified support to President Ford's position, the Baltimore Sun speaks for the mainstream of opinion when it says: "What is gone cannot be rebuilt, and what remains has no prospect of survival...
...orchestration, on the other hand, was all his own. Not content with the modest range of tone color afforded by conventional instruments, P.D.Q. experimented widely with unusual sound. Few of his innovations made it into the mainstream of Western music, and few who heard the Serenoodle last weekend--with members of the Band's expanded percussion section playing police whistle, duck call popgun cowbell and highly anachronistic electric car horn--will wonder...