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The Morality of Radical Economics

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Neoclassical (NC) economics is much more than an elaborate consumer welfare bait and switch from amoral in theory to immoral in practice operation. And the immorality of mainstream economics runs much deeper than the simple, though somewhat technically complex, issues of the proper weighing of consumer surplus (CS) and producer surplus (PS) discussed in earlier chapters. The deeper moral questions that a moral economics would address can, perhaps, best be concisely and schematically grasped by describing the following participatory exercise.1

Over the years, I have had the opportunity to lead many interactive participatory (5–50 person) workshops on the relationship between economics and values with US residents of varied age and background in college classes, Chautauqua and other activist workshops, nonprofit leadership training youth groups, public schools, Ethical Humanist Sunday School and adult retreats, Union for Radical Political Economics (URPE) camp workshops for kids, and...

Keywords

Social Spending Fractional Reserve Banking High Labor Force Participation Capitalist Market Economy Collective Entrepreneurship 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Author(s) 2016

Authors and Affiliations

  1. 1.Benedictine UniversityIllinoisUSA

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