Hosted by the Political Economy Research Institute (PERI,) Lyndon B. Johnson School of Public Affairs, and LBJ Washington Center

The Great Financial Crisis of 2007–08 has cast a long shadow on the economic and political realities we confront today, as did the Great Depression of the 1930s on the decades that followed. These economic earthquakes also upended the conventional economic thinking, particularly in the realm of macroeconomics.

This event presents four new books that address various aspects of macroeconomic theory and policymaking. Our centerpiece book — James Crotty’s Keynes Against Capitalism: His Economic Case for Liberal Socialism — asks, what can we learn of relevance today from the seminal work of John Maynard Keynes? This is followed by a plenary address by James Galbraith: "Pragmatism and Ideology in the Legacy of John Maynard Keynes," and then discussions on When Things Don’t Fall Apart by Ilene Grabel; All Fall Down by Jane D’Arista and The Political Economy of Central Banking by Gerald Epstein.

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Keynes Against Capitalism: His Economic Case for Liberal Socialism by James Crotty


  • Robert Pollin, Political Economy Research Institute (PERI,) University of Massachusetts Amherst


Pragmatism and Ideology in the Legacy of John Maynard Keynes

Reflections on Global Financial Instability and Financial Architecture