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Keynes is one of the most important and influential economists who ever lived. It is almost universally believed that Keynes wrote his magnum opus, The General Theory of Employment, Interest and Money, to save capitalism from the socialist, communist, and fascist forces that were rising up during the Great Depression era. This book argues that this was not the case with respect to socialism. Tracing the evolution of Keynes’s views on policy from WWI until his death in 1946, Crotty argues that virtually all post-WWII "Keynesian" economists misinterpreted crucial parts of Keynes’s economic theory, misunderstood many of his policy views, and failed to realize that his overarching political ...
The essays comprising this collection analyze the deep flaws in the methodological foundation of mainstream economic theory, and explain how these flaws make mainstream economics more ideology than sound social science. James Crotty develops alternative theories built on realistic assumptions that can explain most of the disastrous economic and financial developments of the past four decades. His work contributes to the collective creation of a solid theoretical foundation on which to build an understanding of the ‘laws of motion’ of capitalism in the post WWII era.
Cannibals, Surfboards, and, Like, Everything! In the deep, dark 1980s, Jim Crotty and Michael Lane quit their jobs, traded everything they owned for a 26-foot motorhome, and hit the road with their cats, their convictions, and a solar-powered Mac. Their mission: to travel the great American landscape and report on the incredible people, places, and parking lots they encountered along the way. One fateful day, their Monkmobile rattled into California… "Reading these guys is like watching a grainy, irreverent film about America— real, unreal, surreal." —The Boston Globe "[The Monks] don't simply document a chosen city or region. They dissect it, demystify it, revel in its oddities." —S...
Financialization is one of the most innovative concepts to emerge in the field of political economy during the last three decades, although there is no agreement on what exactly it is. Profiting Without Producing puts forth a distinctive view defining financialization in terms of the fundamental conduct of non-financial enterprises, banks and households. Its most prominent feature is the rise of financial profit, in part extracted from households through financial expropriation. Financialized capitalism is also prone to crises, none greater than the gigantic turmoil that began in 2007. Using abundant empirical data, the book establishes the causes of the crisis and discusses the options broadly available for controlling finance.
This volume presents a collection of essays honoring Professor Thomas E. Weisskopf, one of the most prominent contributors to the field of radical economics. Beginning his academic career at Harvard before moving to the University of Michigan at Ann Arbor, Professor Weisskopf has spent the past forty years exploring through highly innovative and rigorous research the questions of economic equality, social justice and environmental responsibility. The chapters in this book reflect the main subjects of Professor WeisskopfÕs work and seek to foster continued innovation in these research areas. The diverse contributions to this volume explore the impressive range of Professor WeisskopfÕs resea...
Ancestry magazine focuses on genealogy for today’s family historian, with tips for using Ancestry.com, advice from family history experts, and success stories from genealogists across the globe. Regular features include “Found!” by Megan Smolenyak, reader-submitted heritage recipes, Howard Wolinsky’s tech-driven “NextGen,” feature articles, a timeline, how-to tips for Family Tree Maker, and insider insight to new tools and records at Ancestry.com. Ancestry magazine is published 6 times yearly by Ancestry Inc., parent company of Ancestry.com.
This book focuses on an integrated heterodox approach to the original contributions of Keynes, Marx and early institutionalists, featuring an international set of authors from the US, the UK, Japan and Korea.