Amartya Sen hat in der New York Review of Books einen erfreulich klaren, analytischen Artikel über die Bewertung der aktuellen ökonomischen Krise und die erforderlichen intellektuellen Konsequenzen geschrieben: Capitalism Beyond the Crisis.
It is hard to ignore the fact that today, in addition to the Keynesian effects of mutually reinforced decline, we are strongly in the presence of “errors of…undue pessimism.” …
Despite huge injections of fresh liquidity into the American and European economies, largely from the government, the banks and financial institutions have until now remained unwilling to unfreeze the credit market. …
One of the problems that the Obama administration has to deal with is that the real crisis, arising from financial mismanagement and other transgressions, has become many times magnified by a psychological collapse. …
The present economic crises do not, I would argue, call for a “new capitalism,” but they do demand a new understanding of older ideas, such as those of Smith and, nearer our time, of Pigou, many of which have been sadly neglected.
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