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...
In the early days of October 2011 the virtual bankruptcy of the Franco-Belgian bank Dexia is yet another sign of how deep is this crisis that brings governments to serve public money to private interests. Dexia’s krach shows that it is the private banks that are the...
This article seeks to identify ways in which those engaged in socialist practice in South Africa might hope to more clearly navigate their way forward. It asks, in short, what is to be done – and how?I. Beyond the “working class”: expanding the constituencyMarx had...
The publisher of Wang Hui’s book described it as follows: “arguing that China’s revolutionary history and its current liberalization are part of the same discourse of modernity, Wang Hui calls for alternatives to both its capitalist trajectory and its...
During the three years that have elapsed since the collapse of Lehman Brothers in 2008 –an event which heralded the most serious global financial crisis since the 1930s – CEPR’s policy portal Vox, under the editorial guidance of Richard Baldwin, has produced 15 books...
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