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Capital, the State, and Economic Policy

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  • Chris O’Kane

Abstract

This intervention brings the Open Marxist critical political economy perspective from the Conference for Socialist Economists into contemporary heterodox economics by critically contrasting what I term the predominant contemporary heterodox economics discourse with Simon Clarke’s conceptions of the state and economic policy. I conclude by comparing these perspectives and drawing out points that I hope ignite a debate in heterodox economics.

Suggested Citation

  • Chris O’Kane, 2020. "Capital, the State, and Economic Policy," Review of Radical Political Economics, Union for Radical Political Economics, vol. 52(4), pages 684-692, December.
    • Handle: RePEc:sae:reorpe:v:52:y:2020:i:4:p:684-692
    DOI: 10.1177/0486613420940806
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    References listed on IDEAS

    as
    1. Simon Clarke, 1988. "Keynesianism, Monetarism and the Crisis of the State," Books, Edward Elgar Publishing, number 88.
    2. Ilias Alami, 2019. "Post-Crisis Capital Controls in Developing and Emerging Countries: Regaining Policy Space? A Historical Materialist Engagement," Review of Radical Political Economics, Union for Radical Political Economics, vol. 51(4), pages 629-649, December.
    3. Duncan K. Foley, 1982. "The Value of Money the Value of Labor Power and the Marxian Transformation Problem," Review of Radical Political Economics, Union for Radical Political Economics, vol. 14(2), pages 37-47, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    heterodox economics; history of economic thought; Marxist theory; policy and governance;
    All these keywords.

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • H1 - Public Economics - - Structure and Scope of Government
    • B0 - Schools of Economic Thought and Methodology - - General
    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian

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