Keynesianism Follow

Labour leader Jeremy Corbyn and shadow chancellor John McDonnell are championing economic policies that challenge the neoliberalism of the past four decades. Simon Guy argues that to make them work will require not just reforms in parliament, but workers' struggles from below.

As austerity measures bite while the economy continues to flatline, arguments for a Keynesian response to the recession are gaining traction. Marxist economist Michael Roberts casts a critical eye over the Keynesian case, arguing that it misunderstands the causes of capitalist crisis

• Keynes argued against cutting workers’ wages in a recession and leaving the market to its own devices • He argued that governments should cut interest rates and directly invest to lift the economy • But he tailored his solutions to what bosses would accept The ideas of John Maynard Keynes are back with a...

Recent panic in the stock markets has led some commentators to ask whether Karl Marx might have been right after all. Bill Dunn explains some of the core ideas at the heart of Marx's understanding of capitalism and shows how they can be used to explain the system's current crisis

Economist and author Graham Turner talked to Socialist Review about his new book No Way to Run the Economy, why he believes Keynes is misunderstood and what he has learned from Marxist economics.

It is accepted wisdom that President Franklin D Roosevelt pulled the US out of the Depression with the New Deal. But in reality there were numerous forces at play.

Politicians and economists across the world are dusting off their copies of the works of economist John Maynard Keynes. Suddenly the free market needs rescuing and state intervention appears to be the only solution to the crash.

Economists, both left and right, are championing Keynes as the answer to the crisis. Since his theories do little to challenge the fundamental grip of capitalism, isn't it time for those on the left to recognise his flaws?

Chris Harman identifies three problems facing global capitalism.

Our definition of neoliberalism has profound effects on our solutions.