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

dc.authorscopusid19934133800
dc.authorscopusid6603864397
dc.contributor.authorOrhangazi, Özgür
dc.contributor.authorDymski, G.
dc.date.accessioned2023-10-19T15:05:14Z
dc.date.available2023-10-19T15:05:14Z
dc.date.issued2023
dc.department-tempOrhangazi, Ö., Kadir Has Universitesi, Istanbul, Turkey; Dymski, G., University of Leeds, Leeds, United Kingdomen_US
dc.description.abstractWe 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.citation0
dc.identifier.doi10.1177/04866134231199123en_US
dc.identifier.issn0486-6134
dc.identifier.scopus2-s2.0-85172681437en_US
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1177/04866134231199123
dc.identifier.urihttps://hdl.handle.net/20.500.12469/4761
dc.identifier.wosqualityQ4
dc.khas20231019-Scopusen_US
dc.language.isoenen_US
dc.publisherSAGE Publications Inc.en_US
dc.relation.ispartofReview of Radical Political Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectKeynesian economicsen_US
dc.subjectliberal socialismen_US
dc.subjectmacroeconomicsen_US
dc.subjectMarxian economicsen_US
dc.titleThe Intellectual Odyssey of James R. Crotty: From the War on Vietnam to a Socialist Alternative to Global Capitalismen_US
dc.typeArticleen_US
dspace.entity.typePublication
relation.isAuthorOfPublicationaad6bd22-3f32-4c7f-b625-51b081f50ddd
relation.isAuthorOfPublication.latestForDiscoveryaad6bd22-3f32-4c7f-b625-51b081f50ddd

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