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Keynesian Revolution and neo-liberal Counter-revolution

22 July 2009

By IIRE Fellow Eric Toussaint


As a result of the depression of the 1920s and 1930s, a new wave of critics tackled the neo-classical creed on a largely pragmatic basis. This new wave was international and involved political leaders and economists from differing belonging to various currents backgrounds: enlightened bourgeois thinkers, socialists and Marxists. In a context of mass unemployment and depression, proposals came forward for major public works, for anti-cyclical injections of public money, and even for bank expropriations.


"The Solution to the Crisis of Capitalism Has to Be Political"

16 July 2009

IIRE fellow Claudio Katz interviewed by Fernando Arellano Ortiz

The exit from the systemic crisis of capitalism needs to be political, and "a socialist project can mature in this turbulence."  So says the Argentine economist, philosopher, and sociologist Claudio Katz, who also warns that the "global economic situation is very serious and is going to have to hit bottom, and now we are but in the first moment of crisis."

27 mai - La crise en Europe : Une perspective anticapitaliste

27 May 2009

L'actuelle crise économique montre une nouvelle fois que l'économie et le dévellopement politique ne s'arrête pas aux frontières nationales. Certains politiciens en concluent que l'Union Européenne devrait jouer une rôle plus important pour solutionner la crise. Mais l'UE est elle-même une part du problème puisqu'elle propage le même type de politiques néolibérales qui sont la cause de cette crise. A quoi devrait ressembler une approche de gauche à l'échelle européenne ?

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