Keynes

April 10, 2021

Robert Mundell: nothing optimal

Noted neoclassical mainstream economist, Robert Mundell, has died at the age of 88 years. Mundell won a Nobel (Riksbank) prize in economics for his extension of general equilibrium theory as applied to Keynesian macroeconomics into the international arena. Whereas the neoclassical equilibrium version of Keynes’ macromodel (called ‘bastardised Keynesianism’ by Joan Robinson) described a ‘closed’… Continue reading

Capitalism

economist, Keynes, neolibaralism
June 5, 2019

Keynes: socialist, liberal or conservative? by michael roberts

Crotty’s main contribution to economics has been to try and synthesise Marx and Keynes. This ended up with Crotty arguing in his 1985 article “The Centrality of Money, Credit, and Financial Intermediation in Marx’s Crisis Theory”, “that Marx’s vision of capitalist crises cannot be understood except in terms of the development of the credit and the financial… Continue reading

Capitalism

Keynes, Marx, social democracy
December 29, 2012

America’s Deceptive 2012 Fiscal Cliff By Michael Hudson

When World War I broke out in August 1914, economists on both sides forecast that hostilities could not last more than about six months. Wars had grown so expensive that governments quickly would run out of money. It seemed that if Germany could not defeat France by springtime, the Allied and Central Powers would run… Continue reading

Capitalism, War

austerity, bank, debt, deficit, Fiscal Cliff, Keynes, michael hudson, reform, taxes, Treasury, Wall Street
February 11, 2012

Marx, Keynes and China Today

China’s economic structure, because it allowed ‘a socially controlled rate of investment’ and a ‘somewhat comprehensive socialisation of investment’, could utilise policy tools developed by Keynes but the US and European economies could not. Although Keynes explicitly wished to save capitalism it turned out that Western capitalism could not use his tools, but China’s ‘socialism… Continue reading

Capitalism, China

capital, China, consumption, economics, Economy, Keynes, labour, Marx, socialism, socialist, the state
April 30, 2011

Keynes, Crisis and Monopoly Capitalism

Robert Skidelsky and Paul Jay discuss Keynes, the IMF, concentration of ownership, political power and rebellion Continue reading

Capitalism, Videos

IMF, Keynes
October 28, 2008

Let us speculate By William Bowles

28 October 2008 There’s an awful lot of speculation going on right now, from both the left and right about where the latest crisis of capital is headed, chief amongst them is the notion that this signals the end of the US Empire, that the so-called uni-polar world is over, that a new multi-polar world, Continue reading

William Bowles – Essays

American Century, banking crisis, Capitalism, economics, Keynes, neoliberalism, revolution, socialism, USA, WWII
June 18, 2003

Book Review: Consenting Adults? By William Bowles

Capital which is global in scope, is able to move across national borders without let or hindrance, but that ‘democracy’ (where it exists) stops at national borders. And in an age of global capital, the nation state is incapable of dealing with issues that affect the entire planet. And nation states, driven by parochial interests,… Continue reading

William Bowles – Essays

capital, credit, debt, deficit, george monbiot, globalism, ICU, IMF, Keynes, parliament

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The richest 1% owns more than TWICE as much wealth as 6.9 billion people and the super-rich one percent of the world’s population has accumulated twice as much wealth as the remaining 90 percent, global charity Oxfam said in a newly-released report. The world’s richest 1% emit double the carbon of the poorest 50%, the 2020 Oxfam study found.

Pat Robinson

A Revolutionary Black Molecule

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