Political economy looks at the financial crisis

Roll up roll up! I stumbled into the ever-brilliant Robert Brenner giving an interview to a South Korean paper about the financial crisis.

Do give a read, it’s a sweeping comment on almost all aspects of modern global capitalism. Worth remembering, since I’ve heard murmurs that some of you are being seduced by the dismal ‘science’, that the entire dicipline of economics failed to predict anything about the crisis.

The political economists, on the other hand, had the courtesy to lift their eyes from their ever-so-smart models to catch a glimspe of the real world. It arms them with infinitely better tools.

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