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Has the Left given up on Economics?

With the biggest economic crisis since the Great Depression continuing to slowly unfold, one of the most surprising consequences has been a non-event: the dearth of high-quality economic theorizing in leftist groups. [1] This is in spite of the opportunity the crisis presents for alternative economies, and in spite of the economic conundrum that developed economies find themselves in: too indebted for stimulus and too weak for austerity. This differend between austerity and stimulus indexes the insufficiency of either and yet few have taken up the necessity of thinking proper alternatives.

via Has the Left given up on Economics? « The Disorder Of Things.

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