Simon Wren-Lewis Laments the Missing Modern Macro Synthesis
Contractionary Austerity Once Again

Quote of the Day: April 28, 2012

"Nevertheless, the process by which intellectuals and others were drawn into anti-fascism and therefore towards the left, and often the Marxist left, was neither as linear nor as unproblematical as might appear at first sight. The zig-zags and turns of Comintern and Soviet policy have already been mentioned, and need not detain us: the delay in liquidating the sectarian strategy of the ‘Third Period’ and the about-turn of 1939–41."

--Eric Hobsbawm, How to Change the World: Reflections on Marx and Marxism