Keynes and Bretton Woods -70 years later

Michael Roberts Blog

It’s 70 years to the week since John Maynard Keynes died.  And with 70 years gone, the copyright on all Keynes works has now expired. Keynes is the most famous and influential mainstream economist ever.  And he has bred a whole school or wing of economics called Keynesianism.  And 70 years later, Keynesianism continues to drive the economic thinking on the left of the labour movement internationally.  That was revealed again only this month by the latest lecture in the UK Labour opposition series of New Economics seminars – this time by Paul Mason.

Mason is a well-known British broadcaster, journalist and formally a Marxist of sorts.  He is author of a book entitled Post-capitalism, which critiques capitalism and suggests an alternative society ahead.  But Mason, the Marxist, in his contribution, presented a clearly Keynesian view of the state of the British and world economy and offered policy solutions that…

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