John Maynard Keynes Archives

Capitalism

Social Capitalism

Synthesizing Marx, Keynes, and Schumpeter

September 17, 2024 • by Anna Pick and Mark Setterfield

Feathers were ruffled at Davos this year when, during a panel on “How to Trust Economics,” a speaker went rogue, accusing economists of being a “tribal clique” who only quote each other and have “blind faith” in models, however disconnected from real events they may be. The critique came not ...

Finance

Austerity, Then and Now

An excerpt from The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism

January 9, 2023 • by Clara Mattei

Part of what makes austerity so effective as a set of policies is that it packages itself in the language of honest, hardscrabble economics. Vague sentiments such as “hard work” and “thrift” are hardly novel; they have been extolled by economists since the days of Adam Smith, David Ricardo, and ...

Podcast

The Origins of Wage Labor

Unproductive Labor Podcast, Episode 6

November 5, 2021 • by Luke Mergner and Pete Sinnott

Unproductive Labor · Episode 6: The Origins of Wage Labor What We Talked About John Maynard Keynes, “Economic Possibilities for Our Grandchildren” James Livingston, No More Work Ann Kussmaul, Servants in Husbandry in Early Modern England Joyce Appleby, Economic Thought and Ideology in Seventeenth-Century England Joan Thirsk, Agrarian History of England The Natural John Denver, “Thank God I’m ...

Labor

I, Face Mask

A reconsideration of the classic essay, “I, Pencil”

May 27, 2020 • by Fred Block

“I, Pencil” uses a genealogy of an ordinary lead pencil to explain that nobody knows how to make one. It is, rather, the genius of the market system that coordinates the efforts of people around the world to manufacture the final product. They include loggers in Northern California, graphite miners ...

Uncategorized

The Symbolic Violence of Gentrification, Part V

The neoliberal doxa of the state

February 9, 2018 • by Stefano Rumi

Below is the final segment of an essay in five parts written by University of Virginia student Stefano Rumi for Isaac Reed's Sociology of Power and Authority course. *** As discussed part I and II, third-wave gentrification can be understood of as the neoliberal state’s response to post-Fordist urban decline at the ...