Robin Hahnel is a radical economist and political activist. He is Professor Emeritus at American University in Washington, D.C. where he taught in the Department of Economics from 1976 – 2008. Currently he is a visiting professor at Lewis & Clark College and Portland State University in Portland Oregon, while he has also served as a visiting professor or economist in Cuba, Peru and England. Politically he considers himself a proud product of the New Left and is sympathetic to libertarian socialism. He has been active in many social movements and organizations over forty years, beginning with the Harvard and MIT Students for a Democratic Society (SDS) and the anti-Vietnam war movement in the 1960s, more recently with the Southern Maryland Greensand the Movement for Global Justice in Washington, D.C., and currently with Jobs With Justice and the Coalition for a Livable Future.
What you had to say seemed to make a whole lot of sense. I learned some Keynesian economics at Cambridge 50 years ago, then did accountancy and corporate work for a couple of decades before doing assignments for the World Bank and the UN for another couple of decades. The science and technology we have now is way more powerful than what we had 50 years ago, but our socio-economic productivity has progressed rather little, and to the extent that there is productivity improvement it has gone to investor profit and not to a wider society. Keynes did not like stimulus or pump-priming ... but wanted an adequate level of investment. Austerity is absolutely what the world does NOT need!
Peter Burgess @truevaluemetric www.truevaluemetrics.org