IDEAS home Printed from https://ideas.repec.org/a/mes/jeciss/v44y2010i2p471-478.html
   My bibliography  Save this article

Rescuing the Rentier — Neoliberalism, Social Imbalance, and the Current Economic Crisis: A Synthesis of Keynes, Galbraith, and Minsky

Author

Listed:
  • John Watkins

Abstract

The current crisis reveals the inadequacy of laissez faire policies of the last 30 years, and the neoliberal theories upon which they rest. The policies directed toward averting depression have largely benefited the corporate rentier and the financial sector they served. Keynes, Minsky, and Galbraith advocated policies to rescue the economy, NOT the rentier. Keynes hoped to make capital sufficiently abundant so as to euthanize the rentier. Minsky attributes their endurance to the public's effort to emulate their consumptive habits. Galbraith points to the use of corporate power to stimulate consumer spending and influence the political process.

Suggested Citation

  • John Watkins, 2010. "Rescuing the Rentier — Neoliberalism, Social Imbalance, and the Current Economic Crisis: A Synthesis of Keynes, Galbraith, and Minsky," Journal of Economic Issues, Taylor & Francis Journals, vol. 44(2), pages 471-478.
    • Handle: RePEc:mes:jeciss:v:44:y:2010:i:2:p:471-478
    DOI: 10.2753/JEI0021-3624440219
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2753/JEI0021-3624440219
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.2753/JEI0021-3624440219?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:jeciss:v:44:y:2010:i:2:p:471-478. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MJEI20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.