SOAS Research Online

Abstract

The pundits and ideologues of capital have a story to tell and repeat it early and often. The world economy has entered a new period, in which new rules apply derived from the economics of the pre-Keynesian period. Indeed, whatever insights Keynes might have had, they have been swept into the dustbin of history, along with those of others who argued for reforms of capitalism. Needless to say, the radical critics of capitalism are no more than an intellectual curiosity, rather like Ptolemaic astronomers and medieval alchemists.