While economic theory has been enonnously influential since the eighteenth century, the cultural, political and ethical dominance it has gained in the last few decades is unprecedented. Not only has economic theory taken the place of political philosophy and ethical discourse and imposed its own concepts and image of society on other social sciences, it has also redefined the natural sciences as nothing but instruments of production, investment in which is to be judged in tenns of profitability. No longer does economics justify its claim to be a science on its supposed success at modeling itself on physics: on the contrary, it stands in judgment of physics and demands of physicists that they justify themselves in economic terms. Literature and the arts have also been redefined, as part of the entertainment industry, also to be judged in tenns of profitability and contribution to GNP. Rationality itself has been redefined by rational-choice theorists to accord with the economists' model of economic choice within the market. There is no common good, participation in the pursuit of which could give meaning to people's lives; according to rational-choice theorists there is only the satisfaction of diverse individual subjective preferences (Amadae 2003, IlIff.). Governments almost everywhere (apart from New Zealand and some countries in South American where such policies have now lost all credibility) are redefining their relationship to their citizens through economic categories (Osborne & Gaebler, 1993). Under the influence of economists (and the pressure of transnational corporations), the IMF, the World Bank and the WTO are imposing market relations on virtually every facet of social, political and cultural life. This involves deregulating markets, freeing trade, removing impediments to capital mobility, privatizing public ~ssets, applying the "user pays" principle to allocate resources, applying economic principles to government and measuring success in purely "economic" terms. Even after whole countries have been thrown into economic chaos, as vast numbers of people are losing their livelihoods, welfare institutions are being dismantled, democracy is being undennined and, most ominously, the global eco-system is being degraded, there has been only weak resistance to these developments, apparently because the majority of humankind, or at least most of those with any power, have come to view themselves and their everyday relationships, both to other people and to nature, in economic tenns. Politicians, in particular, appear oblivious to any other way of conceiving the world.