If pragmatism is to be resurrected in American economics and politics, the methodology of John Maynard Keynes remains as the best starting point. However, because real economies evolve in complexity—and because economic ideas stagnate and loose vibrance—Keynesian-type thinking needs rebirthing. The best intellectual pathway for renewal ought to start with Joan Robinson, Keynes’ student. Her reflections on what she called the profit lacuna are a solid gateway toward the development of some sort of in-between theory dealing especially with all sorts of fraud. Beyond economics, it might also pour balm on America’s culture wars. Capitalism in Crisis dot Org is about fleshing out these compelling possibilities.
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