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106 MIN READ TIME

SELLING KEYNESIANISM

“LET’S BRING OUR EDITORIAL MICROSCOPE into focus on a very significant phenomenon”, the video begins. “The middle-income consumer.”

As a middle-aged white man comes into view, pushing a wheelbarrow full of recent purchases, the voiceover chronicles his recent exploits. “He has fed new demands into the production apparatus of industry, accounting for the housing boom, appliance sales, the rush for prepared foods.” Altogether, we hear, “the zoom in the American market after the war, the unprecedented volume of goods of all kinds, gobbled up by an insatiable tide of buyers, was largely the work of this middle-income man.”

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Find the complete article and many more in this issue of Boston Review - Economics After Neoliberalism (Summer 2019)
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About Boston Review

Economics After Neoliberalism offers a powerful case for a new brand of economics—one focused on power and inequality and aimed at a more inclusive society. Three prominent economists—Suresh Naidu, Dani Rodrik, and Gabriel Zucman—lead off with a vision “for economic policy that stands as a genuine alternative to market fundamentalism.” Expanding on “the state of creative ferment” they describe, Boston Review has commissioned responses to their essay from economists, philosophers, political scientists, and policymakers across the political spectrum as well as new essays that challenge the current shape of markets and suggest more democratic alternatives. Lenore Palladino explores the misguided logic of shareholder primacy and points to more equitable approaches to corporate governance—such as employee ownership funds. Amy Kapczynski examines how the courts have developed a new, anti-democratic First Amendment that protects corporate speech at the expense of regulation designed to protect public health and safety. And Robert Manduca explores the importance of public discussion about economics by revisiting Chester Bowles's remarkable book, Tomorrow Without Fear, which explained Keynesian ideas to the public after World War II.

Other Articles in this Issue


Boston Review
This publication was made possible by a generous grant from The William and Flora Hewlett Foundation
NEAR THE END of Capitalism and Freedom (1962), Milton
FORUM
We live in an age of astonishing inequality. Income
FORUM RESPONSES
FOR NON-ECONOMISTS on the left, “Economics After Neoliberalism”
A DEFINING FEATURE of Naidu, Rodrik, and Zucman’s essay
SINCE COMPLAINTS about the domination of market fundamentalism
LIKE NAIDU, RODRIK, AND ZUCMAN, I celebrate the advantages
AFTER NEARLY FOUR YEARS of working as chief economic
I WOULD LIKE TO FOCUS on Dani Rodrik’s scheme to combat
STRONG, INDEPENDENT LABOR MOVEMENTS have always been
(Eric Beinhocker, W. Brian Arthur, Robert Axtell, Jenna Bednar, Jean-Philippe Bouchaud, David Colander, Molly Crockett, J. Doyne Farmer, Ricardo Hausmann, Cars Hommes, Alan Kirman, Scott Page, and David Sloan Wilson)
“ECONOMICS AFTER NEOLIBERALISM” describes an economics
ECONOMICS STANDS DEEPLY COMMITTED to quantification
NAIDU, RODRIK, AND ZUCMAN are on the cutting edge of
THE RESPONSES IN THIS FORUM are too insightful to engage
ESSAYS
“LET’S BRING OUR EDITORIAL MICROSCOPE into focus on
HOW DO WE TALK about economics? Robert Manduca’s essay
IN 1962 MILTON FRIEDMAN- the economist who, more than
WE NEED METAPHORS to make sense of reality. But we
THE FIRST AMENDMENT has long been celebrated as the
Samuel Bowles is Arthur Spiegel Research Professor