In June 1962, John Hicks devoted his Royal Economic Society Presidential Address to the concept of ‘liquidity’. Whereas many terms of economics were drawn from practical commercial life, he believed ‘liquidity’ was a rare example of traffic in the other direction. A piece of theoretical [...]
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liquidity, n.: Econ. The interchangeability of assets and money.
Oxford English Dictionary, 2 ed. (1989).You don’t anywhere come right out in the open and say what liquidity is.
Joan Robinson (1935) Letter to John Maynard Keynes.a highly complex phenomenon. Its [...]
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When Erik Olin Wright ‘fell into Marxism’ in the 1970s, it was ‘the only game in town’ for a serious radical scholar, and in the process of storming the academic social sciences. By the 1990s this was no longer so, with Marxism retreating to the margins inside and outside the academy. Wright [...]
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