What's wrong with post-Keynesian accounts of the Eurozone crisis?

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There is general agreement that the Eurozone crisis has had a devastating impact on countries in Europe’s periphery, especially in the south. This is expressed in record levels of unemployment, social inequality and widespread social deprivation. However, there is little agreement amongst academic accounts on the causes of the crisis, nor on how this can be resolved. In this guest post, Jamie Jordan reports on the recently published article in the Journal of Common Market Studies, co-authored by him, Andreas Bieler and Adam David Morton. The article ‘EU aggregate demand as a way out of crisis?’ critically engages post-Keynesian accounts on both the economic causes of the crisis and the political possibilities for realising a European-wide recovery.

Witch-Hunt and the Birth of Capitalism: reflections on Federici’s re-interpretation of primitive accumulation.

In her powerful book Caliban and the Witch (Autonomedia 1998/2014), Silvia Federici makes the important claim that the medieval witch-hunt across Europe constituted part of the processes of primitive accumulation, preparing the ground for the emergence of capitalism. While the enclosures put an end to people’s access to the commons, the witch-hunt resulted in the loss of women’s control over their bodies. In this blog post, I will reflect critically on Federici’s assessment of the role of the witch-hunt in the emergence of capitalism.