• Books: Bury the Chains by Adam Hochschild, Endless War: Hidden Functions of the "war on terror" by David Keen, Capital Vol. 1, Tin Drum by Günter Grass, What is Islam? by Shahab Ahmed, Desiring Arabs by Joseph Massad, Spies, Soldiers and Statesmen by Hazem Kandil, La Condition Humaine by André Malraux, Of Mice and Men by John Steinbeck, Imagined Community by Benedict Anderson, Culture and Imperialism by Edward Said, The Wretched of the Earth by Frantz Fanon, The Richness of Life by Stephen Jay Gould, Children of the Alley by Naguib Mahfouz, The Mass Psychology of Fascism by Wilhelm Reich, Brave New World by Aldous Huxley, 1984 by George Orwell, Noli me Tangere by José Rizal, Age of Extremes by Eric Hobsbawm, ذهنية التحريم لصادق جلال العظم, Karl Marx by Francis Wheen, وليمة لأعشاب البحر لحيدر حيدر, Candide by Voltaire, النزعات المادية في الفلسفة العربية الإسلامية لحسين مروة, Listen Little Man by Wilhelm Reich ..
  • Films: Alexanderplatz by Rainer Fassbinder, Clockwork Orange, Apocalypse Now, The Battle of Algiers, films by P. P. Passolini, Persepolis, Midnight Express, 1984, Papillion, Gangs of New York, Sophie Scholl, Life of Brian, Ivan the Terrble, Battleship Potemkine ...

Friday, January 27, 2017

Keynes's economic theory voted most influential academic book on British life. A public vote to decide which scholarly book has had the greatest impact on Britain has chosen The General Theory of Employment, Interest and Money
"Keynes knew what he was on to when he wrote The General Theory. In a letter to playwright and socialist George Bernard Shaw, he wrote: “I believe myself to be writing a book on economic theory, which will largely revolutionise – not, I suppose, at once but in the course of the next few years – the way the world thinks about economic problems.”
WAS HE RIGHT ABOUT ITS INFLUENCE?
"The book formed the basis for Keynesian economics, which has been a hugely influential economic model in the UK since the Great Depression, and, thanks to Keynesian advocate Gordon Brown, played a key role following the 2008 crash. Brown’s famous quote “no more boom and bust” was a direct reference to The General Theory’s central thesis.
WELL, THAT DID NOT WORK OUT!
"Keynes 1936 opus posits that during recessions economic output is strongly influenced by total spending in the economy in the short term and advocates state intervention to moderate “boom and bust” cycles. It challenged neoclassical economics by relating employment not to the price of labour but to the spending of money, which creates demand.
BUT WHAT CREATES DEMAND?
"Commenting on the book, John Kay, visiting professor of economics at the London School of Economics, said: “The analysis of the book was the dominant influence on macroeconomic policies in the 30 years that followed the second world war, and we still debate, and employ, Keynesian policies today.”
YES, THE MAIN INFLUENCE ON THE LABOUR MOVEMENT - UNFORTUNATELY.

— Via Micheal Roberts


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