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During his remarks, Powell referred to economics as “the science of publicpolicy.” Like many others who challenge neoliberalism , Ostrom found academic success in the United States outside of economics—in her case, in politicalscience. But this exclusionary perspective is precisely the problem.
After all, if one has been unfairly terminated from a job, being reinstated due to a successful civil rights claim, while certainly still of value, is less valuable if the person, after being reinstated in the job, is likely to have to find another job within a few years. This was seen as a politically smart means to avert White backlash.
Going even further back, in 1977, Charles Lindblom, onetime American PoliticalScience Association president, authored Politics and Markets: The World’s Political-Economic Systems , in which he argued that in capitalism, business occupies a “privileged position” that offers business elites disproportionate policy influence.
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