“Liberal Practicality and the U.S. Left,” in Ralph Miliband, Leo Panitch and John Saville, ed., Socialist Register, 1990: The Retreat of the Intellectuals. (London: Merlin Press, 1990), pp. 265-89.
For a majority of mainstream and radical economists, the answer to the question “What is Stagnation”? is fairly simple and straightforward and devoid of any real theoretical significance in and of itself. Either it is seen as a period of longer and deeper than average recessions, or it stands for a long-cycle downturn, which will […]
The essays in this volume, by veteran economists as well as younger scholars, are part of a radical attempt to grapple with the problems of advanced capitalist development without discarding the real theoretical breakthroughs made by Keynes. The contributors argue that Keynes was correct in pointing to the economic contradictions stemming from unemployment, incoming inequality, […]