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Evolution of a Theory
How a “textbook of a record” is a classic example of the need to connect ecology and economy on campuses
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July 12, 2017
Alternatives Journal

 

Credit: Fotolia, Patpitchaya

When the Second World War ended, big business in America was faced with a dilemma. Workers had become accustomed to high wages, but with no war to fuel production, and an influx of returning workers, business owners needed to find a way to keep workers happy without cutting into their profits. What they did to address this problem has set the discipline of economics on a trajectory not grounded in reality. This continues to affect every person in Western society today and explains long-lasting conflict over ideas within academia.


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