New Book: Who’s Afraid of John Maynard Keynes? Challenging Economic Governance in an Age of Growing Inequality

By Paul Davidson. From Palgrave: Davidson explains the importance of the market economy, and unveils how and why global financial crises occur when the liquidity of financial assets traded in the market, suddenly collapse. 70 years after Keynes’ death, in another era of financial crisis and economic slump, Keynes’ ideas have made a comeback within … More New Book: Who’s Afraid of John Maynard Keynes? Challenging Economic Governance in an Age of Growing Inequality

On Marxian Economics

By J.E. King, This entry begins by setting out the core ideas of Karl Marx (1818–83), with particular reference to the theory of historical materialism and its application to the capitalist mode of production. Marx’s theory of value and distribution receives detailed attention, followed by his models of capital accumulation and economic crisis. Then the … More On Marxian Economics