All Keynesians now?
Graham Turner has published The
Credit Crunch. (The credit crunch by
Graham Turner, published by Pluto Press) Turner is an independent consultant
who worked in the City of London for many years. What singles out this book is that it claims
to approach the problem from a socialist perspective, or at least it has been
adopted by the left. Turner has spoken
at many left forums in recent months.
What is Graham Turner’s message? He outlines his aim in the preface: “the
roots of this crisis must be understood to ensure there is no repeat of the
flawed economic policies that have created the biggest credit bust since the
1930s. If we understand the causes, the
damage can be mitigated”.
