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Keynesianism, Monetarism and the Crisis of the State

Keynesianism, Monetarism, and the Crisis of the State

Penned By Simon Clarke
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63,662 Global Ratings
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Keynesianism, Monetarism and the Crisis of the State

Keynesianism, Monetarism, and the Crisis of the State

Penned By Simon Clarke
4.85 63,662 Ratings
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Editor's Note:
First published in 1988, this book has acquired new relevance in the wake of the global financial crisis. This important book focuses on the fundamental theoretical and political issue of the relationship between money and the state raised by the crisis of Keynesianism and the rise of monetarism. Simon Clarke starts with the classical political economists' analysis of the state based on their view of money as the only acceptable form of capitalist regulation. He then draws on Marx’s critique of the classical theory of money to develop an analysis of the tendency to the overaccumulation of capital, which underlies the permanence of class struggle and monetary disturbances. He then analyses the liberal form of the capitalist state, which determines the manner in which crises appear politically and ideologically at the level of the state, and whose contradictory form defines the nature and limits of state intervention. This argument is developed through an historical analysis of the rise of the modern state, leading to an original account of the crisis of Keynesianism and the rise of monetarism. The conclusion outlines the implications of the analysis, highlighting the limits of monetarism, the crisis of social democracy and the future of socialism.The book makes a major original contribution to contemporary academic and political debate.'Keynesianism, Monetarism and the Crisis of the State is well andclearly written. It makes a significant contribution and is particularlyuseful as an historical account of monetary policy in relation tovarious economic theories'Tom Bottomore, Emeritus Professor of Sociology, University of Sussex'Simon Clarke's penetrating analysis strips off the ideological masks of contemporary capitalism, to show the continuing relevance of a Marxist historical approach to understanding the political and economic crisis of capitalism, and to establish the urgent necessity or a socialist and internationalist solution'Peter Guttkind, Former Professor of Sociology, McGill University, Canada'A very coherent and well-argued book which provides powerfulcriticism of current writing on the state and the theory crisis, andoffers a compelling new perspective'Andrew Gamble, Professor of Politics, University of Sheffield.

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Released 1988
Identifier (ISBN) 4933895
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The Mind Behind the Work
Simon Clarke

Simon Clarke writes contemporary fiction and has always been fascinated by character-driven stories. They hold a degree in English Literature and previously worked as an editor before transitioning to writing their own books. Simon Clarke lives with their spouse and a very vocal rescue cat.

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Kenneth Baker
Kenneth Baker April 26, 2024
"A profoundly satisfying read. The prose is exquisite. It’s accessible yet undeniably sophisticated. Worth every moment spent reading."
Brian Martin
Brian Martin November 23, 2025
"A highly sophisticated read. The middle had a deliberate pace, but the climax was phenomenal. Quite impressive overall."
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George White
George White January 13, 2025
"Honestly one of the most premium reading experiences lately. I became deeply invested in the protagonist's journey. A masterclass in storytelling. An absolute must-read for connoisseurs of the genre."
Stephanie Lee
Stephanie Lee August 02, 2024
"Honestly one of the most premium reading experiences lately. I became deeply invested in the protagonist's journey. A masterclass in storytelling. An absolute must-read for connoisseurs of the genre."
James Ramirez
James Ramirez February 21, 2024
"Excellent, though slightly flawed. It held my rapt attention, even when certain twists were telegraphed. I would highly recommend this to discerning readers."
Karen Wilson
Karen Wilson May 22, 2025
"Masterpiece from start to finish. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. I will undoubtedly revisit this masterpiece."
Mark Gomez
Mark Gomez April 02, 2024
"I thoroughly enjoyed the elegance of it. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. A wonderful companion for a quiet weekend."
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"Not entirely to my refined tastes. The prose was competent, yet the characters lacked the depth I usually seek. Perhaps more aligned with a different audience's tastes."
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"Exceeded all my expectations. I became deeply invested in the protagonist's journey. A masterclass in storytelling. An absolute must-read for connoisseurs of the genre."
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"Such a rich narrative. The prose is exquisite. It’s accessible yet undeniably sophisticated. I will undoubtedly revisit this masterpiece."
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"A very strong entry. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. A very distinguished novel."
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"I was completely blown away. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. A true literary gem."
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"A profoundly satisfying read. I adored how the story unfolded. It kept me captivated without sacrificing elegance. I am now a lifelong fan of this author."
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"Masterpiece from start to finish. The author orchestrated a breathtaking finale. Truly a work of art. An effortless 5 stars."
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"Excellent, though slightly flawed. Beautiful writing, though I craved slightly more depth in the lore. Still, undeniably engaging. I would highly recommend this to discerning readers."
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"A profoundly satisfying read. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. A true literary gem."
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"I was completely blown away. The prose is exquisite. It’s accessible yet undeniably sophisticated. A true literary gem."
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"Exceeded all my expectations. I became deeply invested in the protagonist's journey. A masterclass in storytelling. I am now a lifelong fan of this author."
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"I find myself somewhat conflicted. It verged on repetitive in the second act. A more concise edit would have served it well. Unlikely to reread, but a reasonable expenditure of time."
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"Exceeded all my expectations. The author orchestrated a breathtaking finale. Truly a work of art. I will undoubtedly revisit this masterpiece."
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"Absolutely brilliant. The prose is exquisite. It’s accessible yet undeniably sophisticated. I am now a lifelong fan of this author."
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"Such a rich narrative. The author orchestrated a breathtaking finale. Truly a work of art. A true literary gem."
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"I was completely blown away. I adored how the story unfolded. It kept me captivated without sacrificing elegance. I will undoubtedly revisit this masterpiece."
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"Exceeded all my expectations. I adored how the story unfolded. It kept me captivated without sacrificing elegance. I am now a lifelong fan of this author."
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"Such a rich narrative. I adored how the story unfolded. It kept me captivated without sacrificing elegance. I am now a lifelong fan of this author."
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"I thoroughly enjoyed the elegance of it. The middle had a deliberate pace, but the climax was phenomenal. A wonderful companion for a quiet weekend."
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"Such a rich narrative. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. I will undoubtedly revisit this masterpiece."
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"Absolutely brilliant. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. A true literary gem."
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"Masterpiece from start to finish. I adored how the story unfolded. It kept me captivated without sacrificing elegance. An effortless 5 stars."
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"Absolutely brilliant. I adored how the story unfolded. It kept me captivated without sacrificing elegance. A true literary gem."
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"A highly sophisticated read. A brilliant concept executed with flair. Just a few pacing choices I would change. A very distinguished novel."
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"I was completely blown away. I became deeply invested in the protagonist's journey. A masterclass in storytelling. I am now a lifelong fan of this author."
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"I was completely blown away. It strikes a perfect harmony of dialogue and world-building. Every chapter felt necessary. An absolute must-read for connoisseurs of the genre."
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"I was completely blown away. The author orchestrated a breathtaking finale. Truly a work of art. An effortless 5 stars."
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"I thoroughly enjoyed the elegance of it. A brilliant concept executed with flair. Just a few pacing choices I would change. I would highly recommend this to discerning readers."
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"Honestly one of the most premium reading experiences lately. The author orchestrated a breathtaking finale. Truly a work of art. Worth every moment spent reading."
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