Friday, 20 August 2010
Sales of Marx's Capital increase by 1000% in Germany
It has been the resurgence of Keynesian economics, led by figures such as Joseph Stiglitz and Paul Krugman, which has so far been the largest beneficiary from the crisis of the former 'conventional wisdom' in academic economics. However more radical views have also gained a wider audience. One index of this is a tenfold increase in the sales of Marx's Capital in Germany. An account of this, together with a rather accurate description of Marx's theory of crisis by Cliff Bowman, Professor of Strategic Management at Cranfield University School of Management, can be found in a video posted on the Socialist Unity website.