Structural problems of capitalism
Economist and author Graham Turner talked to Socialist Review about his new book No Way to Run the Economy, why he believes Keynes is misunderstood and what he has learned from Marxist economics.
You studied mainstream economics, which is often made out to be "ideology-free" and treated like a branch of mathematics. Yet your new book, No Way to Run an Economy, discusses figures such as John Maynard Keynes and Karl Marx. How did you end up there?
I did a degree at City University in London which was heavily steeped in monetarism. Then I went on to do a postgraduate degree that was far more pragmatic and non-ideological at the University of Toronto. I came back from Canada to get my first job in the City and worked in London for Japanese banks throughout the 1990s.