By Geoffrey M. Hodgson
Contemporary occasions in japanese Europe have underlined the restrictions of Marxian fiscal and political idea. during this number of essays Hodgson matters Marxian monetary thought to serious exam and exhibits which components continue their smooth relevance. After analysing the contribution of Sraffa, and indicating its serious strength and theoretical obstacles, Hodgson issues to a brand new synthesis embracing Marx, Keynes and Veblen.
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Extra info for After Marx and Sraffa: Essays in Political Economy
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27. , 51–52. Chapter Three Military, Markets, and Money To truly understand the new way of war and the normalization of permanent war, one needs to look seriously at the US military industry. This necessitates recounting scandals about the provision of military materiel as far back as the US Civil War and World War I. But it is also inevitably a discussion about the rise and dominance of the military-industrial complex (MIC) in US society. This involves the collective interests of thousands of military suppliers, as well as states and congressional districts with military bases and manufacturing plants.
1 There is no better example of policy continuity and deepening than the subject matter of this book. Candidate Obama criticized US detention practices in the George W. Bush era, but once in power his own approach was “kill, not capture,” which allowed him to avoid the dilemma of what to do with the captured. He succeeded in a feat of Clinton-style “triangulation,” developing a value-freepolicy position to minimize opposition and maximize support. Obama said he would get out of Iraq but beef up US efforts in Afghanistan, allowing him to reassure militarists that his would not be a pacifist presidency.