Politics and the Business Cycle

17 December, 2002

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In a well-known article published in the Political Quarterly over fifty years ago the Polish economist Michal Kalecki put forward his highly controversial analysis of `Political Aspects of Full Employment'. In this paper Kalecki developed what might be referred to as a `Marxo-Keynesian' argument relating to the form of aggregate economic instability likely to be experienced in advanced capitalist democracies. Kalecki's conjecture was that unless capitalism could `develop new social and political institutions which will reflect the increased power of the working class', continuous full employment would not be an achievable objective of economic policy.

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Volume 96, Issue 2

This issue features a collection titled 'Governing from the Centre Left' edited by Deborah Mabbett and Peter Sloman. In this collection, authors including Claire Ainsley, Jörg Michael Dostal and Eunice Goes examine how centre-left governments in North America, Australasia, and Western Europe have dealt with recent global pressures, and consider what lessons the UK Labour government should learn from its overseas counterparts. Other articles include a commentary by Ben Jackson titled 'Poverty and the Labour Party'; John Connolly, Matthew Flinders and David Judge on 'How Not to Deliver Policies: Lessons in Undeliverability from the Conservative Governments of 2019–2024'; Stewart Lansley on 'Wealth Accumulation: The Good, the Bad and the Ugly'; and Coree Brown Swan, Paul Anderson, and Judith Sijstermans on 'Politics and the Pandemic: The UK Covid-19 Inquiry and Devolution'. A selection of book reviews feature Victoria Brittain's review of 'Palestinian Refugee Women from Syria to Jordan, Decolonizing the Geopolitics of Displacement' by Afaf Jabiri, and Anna Coote's review of 'The Care Dilemma: Caring Enough in the Age of Sex Equality', by David Goodhart.

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