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The latest issue of Catalyst, a journal that is published by Bhaskar Sunkara and Vivek Chibber, has an article by economics professor Gary Mongiovi titled “Was Keynes a Socialist?” It is a gushing review of “Keynes Against Capitalism: His Economic Case for Liberal Socialism”, a new book by James Crotty. Crotty, a 79-year old economics professor emeritus, is a post-Keynesian just like Mongiovi. Among the left professorate, post-Keynesianism is a way of being on the left but not too far left. It puts you in the same camp as the staff of the Jerome Levy Institute at Bard College, a school well-known for its housebroken faculty. At such places, Hyman Minsky is taken in large doses and Karl Marx just to add some spice to the stew.
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