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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Trump’s playing an economic and political role parallel with American President Herbert Hoover, from a century ago. Hoover’s the one that economists associate with a failed culture of orderliness.  Locked up with him in his dysfunctional, rigid thinking about how he believed the economic world should work, were millions of unemployed Americans. Sound familiar?

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Capitalism and Fraud Fraud’s on the rise in American capitalism, politics and culture.  It occurs when a “sucker” is tricked, duped or hustled into acting against their best interest.  Deception always plays a part. Here’s four alleged frauds, drawn from the news on a single day, the last day of Summer, 2020: National Institutes of […]

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Does history repeat itself?  Maybe we’re entering a Second Great Depression?  Or perhaps even a rerun of America’s Civil War? Now as then, our people are beset by a crisis of vision.  Who are we now, and what do we choose to become? Can culture warfare be transcended?  Can we move toward building and sharing […]

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