Corn Is Our Blood: Culture and Ethnic Identity in a by Alan R. Sandstrom

By Alan R. Sandstrom

"Drawing upon 20 years of study between Nahua-speaking peoples of Mexico's northern Veracruz, Sandstrom presents probably the most designated and compelling photos on hand of recent Mexican Indians". -- selection.

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Neoclassical economists outraged by Keynes’s criticisms have labored to show that he misunderstood neoclassical theory and vastly overrated some occasional, temporary “market imperfections” that can afflict capitalism. Contrary to Keynes, these neoclassical economists argue, the capitalist market itself can and will cure whatever market imperfections may temporarily occur. Even as the capitalist crisis deepened in the years after 2007, many neoclassical economists resumed their argument that the state’s interventions in and regulations of markets would stifle private enterprise and slow the return to economic growth.

4 The History of Neoclassical Economics In one of its biggest changes, the classical school of economics shifted its focus quite dramatically during and after the 1870s. From its concern with macroeconomic issues—the capitalist economy as a whole, and especially its growth over time—classical economics turned to detailed studies of the decision-making processes of individuals and individual enterprises—what we now call microeconomic issues. Terms like “individual preferences” and “marginal utilities,” “production functions” and “marginal costs,” and “general equilibrium,” which had rarely figured in classical economics, now took center stage.

Economic theories were such new theories. , community or family life, morality or religious practice), was new. So too was the idea that the economy was a system of particular relationships within a society. The idea that the production and distribution of goods and services constituted a special realm of society subject to its own systematic “laws,” rather like nature and the universe, was an original proposition. The growth of theories that designated “the economy” as their object had a powerful impact on Europe.

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