May 5-6, 2011
Austerity Hawks Want a Return to 1920's Capitalism
James Crotty: Objective of austerity campaign is a return to unregulated capitalism and weak unions
High Deficits were the Objective of Right Economics
James Crotty: High deficits deliberately created to justify return to 1920's capitalism.
Find originals here.
James Crotty is a Post-Keynesian macroeconomist whose research in theory and policy attempts to integrate the complementary analytical strengths of the Marxian and Keynesian traditions. He received his Ph.D. from Carnegie Mellon University in 1973, and after teaching at the University at Buffalo and The State University of New York, he joined the Economics Department of the University of Massachusetts Amherst, Amherst. He has made contributions to the social structure of accumulation (SSA) theory; the implications of radical uncertainty for macro theory and theories of financial markets.