This is a wonderful short video by RSAnimate based on a talk by radical, as in Marxist, sociologist David Walker.
For those who recoil, Marx was the first to take note of the propensity of capitalism towards instability. By contrast, neoclassical economics, which has dominated policymaking in advanced economies, posits that economies have a propensity to equilibrium, and that equilibrium is…full employment! Marxists also look at long term trends in corporate profitability, and because Marxists use that as an important framework, it seems to be verboten as a line of inquiry in other schools of economics. Weird.
I found this talk to be engaging. Hope you like it. Hat tip reader Don B, via the New York Observer:
Or you can watch Harvey’s full lecture: