Euro-Keynesianism?

Euro-Keynesianism? The financial crisis in Europe Engelbert stockhammer Financial collapse is haunting Europe. The most immediate fear is that a small European state might default on its government debt, but several large European banks might go bust because of a deflated real-estate bubble in Southern Europe. Brutal austerity policies have been imposed on countries that […]

Why Keynes was wrong

Terry Eagleton, Why Marx Was Right, Yale University Press, New Haven CT, 2011. 258 pp., £16.99 hb., 978 0 30016 943 0. Paul Mattick, Business As Usual: The Economic Crisis and the Failure of Capitalism, Reaktion Books, London, 2011. 126 pp. £12.95 pb., 978 1 86189 801 2. Stephen Harper In 2008, as journalists and pundits struggled to account for […]

The global capital leviathan

Commentary The global capital leviathan William i. Robinson The money mandarins of global capitalism and their political agents are utilizing the global crisis to impose brutal austerity and attempting to dismantle what is left of welfare systems and social states in Europe, North America and elsewhere. The budgetary and fiscal crises that supposedly justify spending […]