Sunday, 9 November 2008

Keynesian and Marxist analysis of the financial crisis - part 2

Socialist Economic Bulletin has previously noted the great increase in interest in both Keynesian and Marxist economic analysis under the impact of the international financial crisis. On the blog 21st Century Socialism Noah Tucker has a far more extensive piece surveying the latter issue.
This notes, among other things, that: ''The President of France has been improving his understanding of the current crisis by reading Marx's Capital, and Germany's Finance Minister has grudgingly conceded the correctness of "certain elements of Marxist theory". '

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