The Dislocation of Homo Oeconomicus and Reflections on Damaged Democracy

The economy should be a part of life, not a steamroller crushing self-determination and creativity. The Homo Oeconomicus represents the danger of economic reductionism where profit maximization and self-seeking replace narrowness for fulfillment and where short-term practical constraints eclipse long-term necessities. Reducing working hours is the only way to assure everyone of the right to meaningful work. Last stage capitalism represses the labor market, accumulation and reproduction crises and distorts the revenue and war spending crises as a state-debt crisis.

“Students pay enormous amounts of money – $50,000 to $60,000 – or become heavily indebted to pay for their study. The authority relation is completely reversed. Students rate the teachers and demand a very specific kind of knowledge from them: it should be measurable, packaged and practical and cannot contain any uncertainties. Experimenting or thinking is not desired. There is a relation between service-provider and customer resulting in clear distortions in education and communicating knowledge. There isn’t really a relation between teacher and student.


to read Walter Beutel’s “The Dislocation of Homo Oeconomicus” and the book review by Carsten Rehbein, click on

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