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“If Keynes Were Alive Today. . .†: Reflections on Jim Crotty

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  • Arjun Jayadev
  • J. W. Mason

Abstract

James Crotty, who passed away earlier this year, was one of the most important but unheralded heterodox macroeconomists of his generation. In this article, we summarize what we think were some of his signal achievements—a deep synthesis of the insights of Marx and Keynes, an appreciation of the more radical implications of the Keynesian approach, and a passion for teaching relevant ideas. JEL Classification: E12, B14

Suggested Citation

  • Arjun Jayadev & J. W. Mason, 2023. "“If Keynes Were Alive Today. . .†: Reflections on Jim Crotty," Review of Radical Political Economics, Union for Radical Political Economics, vol. 55(4), pages 692-700, December.
    • Handle: RePEc:sae:reorpe:v:55:y:2023:i:4:p:692-700
    DOI: 10.1177/04866134231200222
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    References listed on IDEAS

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    1. James R. Crotty, 1993. "Rethinking Marxian Investment Theory: Keynes-Minsky Instability, Competitive Regime Shifts and Coerced Investment," Review of Radical Political Economics, Union for Radical Political Economics, vol. 25(1), pages 1-26, March.
    2. Raford Boddy & James Crotty, 1975. "Class Conflict and Macro-Policy: The Political Business Cycle," Review of Radical Political Economics, Union for Radical Political Economics, vol. 7(1), pages 1-19, April.
    3. James Crotty, 2012. "The great austerity war: what caused the US deficit crisis and who should pay to fix it?," Cambridge Journal of Economics, Oxford University Press, vol. 36(1), pages 79-104.
    4. James Crotty, 1999. "Was Keynes a Corporatist? Keynes’s Radical Views on Industrial Policy and Macro Policy in the 1920s," Journal of Economic Issues, Taylor & Francis Journals, vol. 33(3), pages 555-577, September.
    5. James Crotty, 2009. "Structural causes of the global financial crisis: a critical assessment of the 'new financial architecture'," Cambridge Journal of Economics, Oxford University Press, vol. 33(4), pages 563-580, July.
    6. James R. Crotty, 1992. "Neoclassical and Keynesian Approaches to the Theory of Investment," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 14(4), pages 483-496, July.
    7. Raford Boddy & James R. Crotty & James R. Crotty, 1976. "Wages, Prices, and the Profit Squeeze," Review of Radical Political Economics, Union for Radical Political Economics, vol. 8(2), pages 63-67, July.
    8. James Crotty & Kang-Kook Lee, 2002. "A political-economic analysis of the failure of neo-liberal restructuring in post-crisis Korea," Cambridge Journal of Economics, Oxford University Press, vol. 26(5), pages 667-678, September.
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    More about this item

    Keywords

    Marx; Keynes; finance; socialism;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist

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