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Economics in the Long Run
Though understandably preoccupied with the immediate problems of the Great Depression, the generation of economists that came to the forefront in the 1930s also looked ahead to the long-term consequences of the crisis and proposed various solutions to prevent its recurrence. Theodore Rosenof examines the long-run theories and legacies of four of the leading members of this generation: John Maynard Keynes of Great Britain, who influenced the New Deal from afar; Alvin Hansen and Gardiner Means, who fought over the direction of New Deal policy; and Joseph Schumpeter, an opponent of the New Deal. Rosenof explores the conflicts that arose among long-run theorists, arguing that such disputes serve...
Dynamism, Rivalry, and the Surplus Economy
In this book, János Kornai examines capitalism as an economic system and in comparison to socialism. The two essays of this book will explore these differing ideologies on macro and micro levels, ending with definitive explanations of how the systems work and how they develop.
The Restructuring of Capitalism in Our Time
Actions taken by the United States and other countries during the Great Recession focused on restoring the viability of major financial institutions while guaranteeing debt and stimulating growth. Once the markets stabilized, the United States enacted regulatory reforms that ultimately left basic economic structures unchanged. At the same time, the political class pursued austerity measures to curb the growing national debt. Drawing on the economic theories of Keynes and Minsky and applying them to the modern evolution of American banking and finance, William K. Tabb offers a chilling prediction about future crises and the structural factors inhibiting true reform. Tabb follows the rise of b...
Guerrillas of Desire
"Few have approached radical theory with the rigor and skill of Kevin Van Meter. Empowering, lucid, and inspiring, Guerrillas of Desire provides an exhaustive (and much needed) retooling of anarchism that will align the dreams of 'becoming revolutionaries' with the reality of everyday resistance." —Alexander Reid Ross, author of Against the Fascist Creep "Looking for the political in the everyday and bringing anarchism into a productive dialogue with Autonomist Marxism, Kevin Van Meter challenges many of the left's usual assumptions and forces a reconsideration of what we mean by 'struggle.'" —Kristian Williams, author of Our Enemies in Blue Behind the smiling faces of cashiers, wait sta...
Biography of an Idea
The culmination of John Maynard Keynes's thought and lifework was The General Theory of Employment, Interest and Money. Here, placing it in the context of his era, David Felix examines the evolution of Keynes's theorizing. He boldly claims that The General Theory lacks logical and factual support as pure theory, but is an achievement of great statesmanship in political economy. Felix argues that Keynes's ideas have misled successive generations of students and practitioners. He suggests that a more discriminating view of his thought can reconcile Keynesian views with neoclassical theory and replace the false synthesis that dominates contemporary text-books with a truer one. Biography of an I...
