History of Contemporary Economic Thought: Radical Economics, Marxist Economics and Marx’s Economics

  • Jane Hardy


By the mid-1970s the end of the (not so) long boom of the 1950s and 1960s sounded the death knell of Keynesian economics; in 2008 the shock of the near meltdown of global capitalism led commentators from a broad political spectrum to question the efficacy of neoliberal policies, particularly in relation to deregulated finance. Since 2008 it is hardly surprising that there has been a proliferation of books and articles criticising neoliberal capitalism and a revival of radical economics reflected, for example, in the popularity of the huge tome Capital in the Twenty-First Century by Thomas Piketty. This chapter examines debates in economics around the idea that the Great Recession of 2008/2009 has morphed into a long depression.


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Authors and Affiliations

  • Jane Hardy
    • 1
  1. 1.Hertfordshire Business School, University of HertfordshireHatfieldUK

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