On the Solutions of Liberal Economists (tags)
The crisis has shaken economics to its foundations. The neoliberal mainstream has lost its support; economists alternate between self-doubt and arrogance. Once they believed in the rationality of economic actors and markets and the notion that financial management exists to serve the real economy.
"Another world is possible and another economy is necessary, an economy in which massive social resources are used according to plan..`We are attacked as in the dying phase of the Weimar republic'." This review is translated from the German.