Description

It is my contention that the Keynesian solution to the economic problems that beset the capitalist world can be of only temporary avail, and that the conditions under which it can be effective are in the process of dissolution. For this reason the Marxian critique of political economy, far from having lost its pertinency, gains new relevance through its ability to comprehend and transcend both the “old” and the “new” economics. I shall subject Keynesian theory and practice to a Marxian critique, and beyond that, I shall try to elucidate political and economic events and trends with the aid of Marxian analysis.