After an unplanned hiatus, I am delighted to welcome back Michael Roberts to the show. Michael has a new book just out, called ‘The Long Depression: How it happened, why it happened, and what happens next’. We discuss the main thesis of the book - the idea of a long depression, the problems with Keynesian accounting identities, the hopes for a capitalist revival, and chances of a breakdown.

You can find Michael’s blog here:
https://thenextrecession.wordpress.com/

You can buy his book here:
https://www.haymarketbooks.org/books/693-the-long-depression

The music on this episode was:
'The Order of the Pharaonic Jesters' by Sun Ra and his Arkestra
'No Woman' by Whitney

Enjoy!