This book started from a seminar on the causes of crises hosted by the University of Izmir, Turkey back in October 2014. Many of the top radical and Marxist economists were present. At that seminar, distinguished Marxist, David Harvey delivered a [...]
Read moreKeynes and Bretton Woods – 70 years later
It’s 70 years to the week since John Maynard Keynes died. And with 70 years gone, the copyright on all Keynes works has now expired. Keynes is the most famous and influential mainstream economist ever. And he has bred a [...]
Read moreA British socialist government and five big things
A British socialist government and five big things I’ve been asked to consider what would happen if Britain woke up with a socialist government on the morning of 8 May after the general election; what would be the economic situation facing [...]
Read moreSyriza, the Troika and Grexit
The four-month breathing space As I write, the Greek finance minister Yanis Varoufakis, is meeting again with the Eurogroup finance ministers in another chapter in the tortuous negotiations over revising the conditions for the extension of the bailout programme for Greek [...]
Read moreA low-gear world
It is now seven years since the Great Recession started across the major economies. As American leftist economist, Dean Baker recently pointed out when referring to best-performing major capitalist economy, the USA: “usually an economy would be fully recovered from [...]
Read moreInequality: what really matters
Imagine a room with 100 hundred people. 90 people are so short they can hardly reach the door handle to get out. Another nine people are only high enough to get a drink from the table. But one person is so huge [...]
Read moreKeynes or Marx?
Michael Roberts takes sides in the debate between Keynes and Marx. The purpose of this article is to consider the contributions that John Maynard Keynes and Karl Marx can make to our understanding of the nature of the capitalist system and [...]
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