A Marxist intellectual accessing mainstream economicsby Jonathan Derbyshire / February 20, 2014 / Leave a comment
Published in February 2014 issue of Prospect Magazine
Benjamin Kunkel, an American writer who made his name as one of the founding editors of the fashionable literary journal n+1, has a new vocation. “I seem to have become,” he writes at the beginning of this engaging little book, “a Marxist public intellectual.”
Marxism, Kunkel acknowledges, remains a “bogeyman” to many, especially in the United States, where it can be advocated “only a little more respectably than pederasty.” He is exaggerating slightly, for since 2008, when the US sub-prime mortgage market blew up with the consequences we all know about, it has become marginally easier to get a hearing for the Marxist insight that capitalist economies are congenitally prone to periodic crises.