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In the Eye of the Storm: Updating the Economics of Global Turbulence, An Introduction to Robert Brenner's update

Published online by Cambridge University Press:  07 May 2025

R Taggart Murphy
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Out in the academic cemetery to which avatars of market fundamentalism thought they had consigned their intellectual and political opponents, one can hear today the unmistakable scrape of coffin lids opening. And climbing out of their graves are the bodies of those who contend that the reductionist assumptions of neo-classical/rational choice orthodoxy are not simply inadequate but flawed in the most fundamental sense.

Type
Research Article
Information
Asia-Pacific Journal , Volume 7 , Issue 49 , November 2009 , e1
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
Copyright © The Authors 2009

References

Notes

[1] See for example two best-sellers: Justin Fox, The Myth of the Rational Market (Harper Collins, 2009) and Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable (Random House, 2007).

[2] Perry Anderson, /Spectrum: from right to left in the world of ideas /(London:Verso, 2005) p. 258.

[3] An exception is Leo Panitch, Martijn Konings, Sam Gindin, and Scott Aquanno, “The Political Economy of the Subprime Crisis” in Leo Panitch and Martijn Konings (eds.), American Empire and the Political Economy of Global Finance, 2nd ed., New York: Palgrave, 2009, pp. 253-292. This piece does indeed rival the depth of Brenner's analysis, albeit without the focus on Asia, and underscores the wider point that Marxian scholarship may ultimately have both a more penetrating and a more comprehensive take on the current crisis than mainstream neo-classical and neo-Keynesian writing.