Last weekend, I attended a symposium hosted by CLASS, the Centre for Labour And Social Studies (clever acronym, eh?). This is a left-wing think-tank in the UK funded by various large left trade unions in Britain (http://classonline.org.uk/). It aims to promote a better analysis of the nature of the capitalist crisis in the UK and policies to defend the interests of the majority.
I have referred to the activities of CLASS before when it was first started up. See my article in Socialist Review in April 2013 (http://socialistreview.org.uk/379/whats-wrong-keynesian-answer-austerity). My main complaint then was that CLASS, in its excellent attempt to oppose the ideas and policies of mainstream economics and the right-wing UK government, relied entirely on the Keynesian ‘alternative’. For this criticism, I got some flak from the radical wing of ‘post-Keynesian’ economists in Britain (see my post, http://thenextrecession.wordpress.com/2013/04/08/meeting-keynes-meadway/).
Well, the latest conference was no…
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