John Quiggin recently ran a series on “Marxism without revolution”, with posts covering Marx’s ideas on class, crisis and capital. I began a response here. In this post I look at his claims about Marx’s theory of crisis and his approach to Left strategy. John’s attack on Marx’s crisis theory, specifically the “law of the tendency of the rate […]
Thanks to @liz_beths for her helpful comments and suggestions. The economist John Quiggin — whose valuable book Zombie Economics I reviewed last October — has just completed a three part series on “Marxism without revolution” at his blog. The three posts cover Marx’s ideas on class, crisis and capital. In responding it is difficult to know where to start because the case he mounts […]
In my review of John Quiggin’s Zombie Economics I started to develop a theme about the nature of neoliberalism that goes beyond his focus on a set of flawed economic ideas and their application: So why do market liberal ideas persist despite being disproved in practice? Quiggin suggests a mixture of the influence of vested interests and […]
Me on the ABC’s The Drum Unleashed, reviewing John Quiggin‘s latest book, Zombie Economics: In seeking a progressive economics, Quiggin keeps skirting around some of the fundamental assumptions behind the ideas he critiques. So he portrays class as a social gradient rather than a power relation, the origins of value are left unexamined despite various […]
From John Quiggin’s just-released new book, Zombie Economics, this on “financial deregulation”: The term deregulation is something of a misnomer, since no system in which the public is the ultimate guarantor can be regarded as unregulated.