The Intellectual Odyssey of James R. Crotty: From the War on Vietnam To a Socialist Alternative To Global Capitalism

dc.authorscopusid 19934133800
dc.authorscopusid 6603864397
dc.contributor.author Orhangazi, Ö.
dc.contributor.author Orhangazi, Özgür
dc.contributor.author Dymski, G.
dc.contributor.other Economics
dc.date.accessioned 2023-10-19T15:05:14Z
dc.date.available 2023-10-19T15:05:14Z
dc.date.issued 2023
dc.department-temp Orhangazi, Ö., Kadir Has Universitesi, Istanbul, Turkey; Dymski, G., University of Leeds, Leeds, United Kingdom en_US
dc.description.abstract We summarize the intellectual journey of James R. Crotty in this tribute. We discuss how Crotty’s approach to macroeconomics based on Marxian and Keynesian insights led to a series of flexible models based on realistic assumptions that help us better understand the contradictory evolution of capitalism from the 1970s to the 2010s. The basic building blocks of Crottyian macroeconomics consist of the emphasis on macro foundations, focus on the concrete capitalist processes with their endogenous, dynamic, and conflict-ridden nature, and the centrality of money, credit, and competitive dynamics of the capitalist system. We also discuss how a study of these dynamics led to his final work on “liberal socialism” as the way to end the disruptive cycles of capitalism. We argue that those aiming to construct a solid theoretical foundation to guide the understanding, transformation, and transcending of contemporary capitalist societies would find much inspiration in Crotty’s intellectual legacy. JEL Classification: E11, E12, B51 © 2023 Union for Radical Political Economics. en_US
dc.identifier.citationcount 0
dc.identifier.doi 10.1177/04866134231199123 en_US
dc.identifier.issn 0486-6134
dc.identifier.scopus 2-s2.0-85172681437 en_US
dc.identifier.scopusquality Q1
dc.identifier.uri https://doi.org/10.1177/04866134231199123
dc.identifier.uri https://hdl.handle.net/20.500.12469/4761
dc.identifier.wosquality Q4
dc.khas 20231019-Scopus en_US
dc.language.iso en en_US
dc.publisher SAGE Publications Inc. en_US
dc.relation.ispartof Review of Radical Political Economics en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.scopus.citedbyCount 0
dc.subject Keynesian economics en_US
dc.subject liberal socialism en_US
dc.subject macroeconomics en_US
dc.subject Marxian economics en_US
dc.title The Intellectual Odyssey of James R. Crotty: From the War on Vietnam To a Socialist Alternative To Global Capitalism en_US
dc.type Article en_US
dspace.entity.type Publication
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