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Reclaiming the State

The crisis of the neoliberal order has resuscitated a political idea widely believed to be consigned to the dustbin of history. Brexit, the election of Donald Trump, and the neo-nationalist, anti-globalisation and anti-establishment backlash engulfing the West all involve a yearning for a relic of the past: national sovereignty. In response to these challenging times, economist William Mitchell and political theorist Thomas Fazi reconceptualise the nation state as a vehicle for progressive change. They show how despite the ravages of neoliberalism, the state still contains resources for democratic control of a nation's economy and finances. The populist turn provides an opening to develop an ambitious but feasible left political strategy. Reclaiming the State offers an urgent, provocative and prescient political analysis of our current predicament, and lays out a comprehensive strategy for revitalising progressive economics in the 21st century.
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Table of Contents

Introduction Part One: The Great Transformation Redux: From Keynesianism To Neoliberalism - And Beyond 1. Broken Paradise: A Critical Assessment of the Keynesian `Full Employment' Era 2. Destined to Fail: Understanding the Crisis of Keynesianism and the Rise of Neoliberalism 3. That Option No Longer Exists: How Britain - and the British Labour Party - Fell into the Monetarist Trap (late 1960s-late 1970s) 4. The Paris Consensus: the French Left and the Creation of Neoliberal Europe (1981-1995) 5. The State Never Went Away: Neoliberalism as a State-driven Project 6. Apres elle, le deluge: Are we Entering a Post-neoliberal Age? Part Two: A Progressive Strategy For The 21st Century 7. Towards a Progressive Vision of Sovereignty 8. A Currency-issuing Government is Not Like a Household: an Introduction to Modern Monetary Theory 9. I Have a Job For You: Why a Job Guarantee is Better Than a Basic Income 10. We Have a (Central) Plan: the Case for Re-nationalisation Conclusions Notes Index

About the Author

William Mitchell is Professor of Economics and Director of the Centre of Full Employment and Equity (CofFEE) at the University of Newcastle, NSW, Australia. He is the author of various books including Eurozone Dystopia: Groupthink and Denial on a Grand Scale (Elgar, 2015). He is considered one of the world's leading heterodox economists. Thomas Fazi is a writer, journalist and research. His articles have appeared in numerous publications. He is the author of The Battle for Europe: How an Elite Hijacked a Continent - and How We Can Take It Back (Pluto, 2014) and Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World, co-authored with Bill Mitchell (Pluto, 2017).


'Mitchell and Fazi convincingly show that the state continues to be at this critical point of history an unavoidable bottleneck... which ought to be reclaimed and subverted if we are to transform societies to the benefit of the peoples' -- Sergi Cutillas, Economist and Researcher 'Essential reading for anyone who wants to understand the Corbyn phenomenon in the UK' -- Eurointelligence 'Fascinating' -- Heiner Flassbeck, Heiner Flassbeck, former German Vice-minister for Finance 'Important... An essential building-block for a constructive debate on a post-Brexit democratic politics' -- Wolfgang Streeck, Max Planck Institute for the Study of Societies, Cologne 'This is an excellent book. Anyone who wants to understand why social democratic parties are in crisis across Europe should read it.' -- Larry Elliott 'Prepare to be blown away and forget what you think you knew about money' -- Independent

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