The Political Economy of the New Left

Introduction

In this groundbreaking book, Assar Lindbeck offers a comprehensive analysis of the New Left, a political movement that emerged in the 1960s and 1970s in response to the perceived failures of traditional capitalism and communism. Lindbeck argues that the New Left's critique of these systems was largely justified, and he offers a number of proposals for how to create a more just and equitable society.

The New Left's Critique of Capitalism

Lindbeck begins by arguing that capitalism, as it is currently practiced, is inherently unjust and inefficient. He points to the fact that the distribution of income and wealth is highly unequal, and that this inequality is increasing over time. He also argues that capitalism is prone to crises, such as the Great Depression of the 1930s and the financial crisis of 2008.

The New Left's Critique of Communism

Lindbeck then turns his attention to communism, which he argues is also a flawed system. He points to the fact that communist regimes have often been authoritarian and oppressive, and that they have failed to deliver on their promises of economic equality. He also argues that communism is inefficient, as it stifles individual initiative and creativity.

The New Left's Proposals for a More Just and Equitable Society

Lindbeck concludes by offering a number of proposals for how to create a more just and equitable society. He argues that we need to move beyond both capitalism and communism and create a new economic system that combines the best elements of both systems. He also argues that we need to address the root causes of inequality, such as discrimination and lack of access to education and opportunity.

Why You Should Read This Book

The Political Economy of the New Left is a must-read for anyone who is interested in understanding the history of the New Left and its critique of capitalism and communism. It is also a valuable resource for anyone who is interested in developing new ideas for how to create a more just and equitable society.

Praise for The Political Economy of the New Left

"A brilliant and provocative analysis of the New Left. Lindbeck offers a devastating critique of both capitalism and communism, and he provides a number of thought-provoking proposals for how to create a more just and equitable society." - Noam Chomsky

"A major contribution to the study of the New Left. Lindbeck's analysis is insightful and his proposals are well-argued. This book is essential reading for anyone who wants to understand the history of the New Left and its impact on contemporary politics." - Robert Heilbroner

"A powerful and persuasive critique of the status quo. Lindbeck offers a clear and concise analysis of the problems facing our society, and he provides a number of practical solutions for how to address them. This book is a must-read for anyone who cares about the future of our planet." - Ralph Nader