Stephen A. Marglin Book order

The book provides a fresh analysis of Keynes's General Theory, challenging the common misconception that it solely relies on market frictions to advocate for government intervention. By utilizing modern analytical tools, Marglin reveals the inherent limitations of markets in self-regulation and offers insights into effective fiscal and monetary policies. This exploration emphasizes the necessity of government involvement in economic systems, providing a critical perspective on contemporary economic debates.

Insurance may be an efficient way of organizing resources, but the deep social and human ties that constitute community are weakened by the shift from reciprocity to market relations. This book dissects the ways in which foundational assumptions of economics justify a world in which social connections are impoverished.