Author： Milberg William
Publisher： Routledge Ltd
ISSN： 0893-5696
Source： Rethinking Marxism, Vol.16, Iss.4, 2004-10, pp. : 347-353
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Abstract
The legitimacy crisis of the new international economics has opened a new, atheoretical era in mainstream economics. This new generation of research has strengths and weaknesses: it asks practical questions (appropriate for policy), but it has left a theoretical void (especially concerning social welfare). Neoliberalism has rushed through the open door. One of the great contributions of George DeMartino's Global Economy, Global Justice is to make explicit the normative principles underlying neoliberalism, to explore alternative normative principles, and to pose the question, "what makes for a good economic outcome?"
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