'the New Challenges to Orthodox

What is interesting about these challenges is the response, or rather the lack of it, from those in the mainstream of American economics. The recent period has seen the persistence of social problems in the United States that were considered by most economists fifteen years ago as readily solvable within the framework of orthodox economic thinking. It has also seen a moving away from traditional liberal-democratic approaches to social problems-toward the right and toward the left-on the part of many countries in both Europe and Latin America. Yet the economics profession in this country has resisted taking seriously the attempts to reevaluate the basic framework within which they analyze the workings of the economy.