Austerity Versus Stimulus | by Prabhat Patnaik

IT is obviously silly to push for austerity in the midst of a recession, not just silly but cruel, since it prolongs the pain of unemployment. The recession is caused by a deficiency of aggregate demand. To overcome it what is necessary is an increase in demand which...
Amidst the wreckage of capitalism | by Alan Bradshaw

Amidst the wreckage of capitalism | by Alan Bradshaw

David Harvey (2010) The enigma of capital and the crises of capitalism. London: Profile. (PB: pp. 312, ISBN-10: 9781846683084)Slavoj Žižek (2010) Living in the end times. London: Verso. (HB: pp. 432, ISBN-10: 9781844675982)Analyses of the crises, instability and...