NEW LEFT REVIEW NUMBER 26 IS OUT by Bob Gregory
The latest issue of New Left Review is a balanced and valuable contribution to the thinking of the left in this election period. The review section has been extended to cover more publications and a good balance is struck between consideration of the British scene and the problems of socialists abroad. A brief but useful article by Joan Robinson traces the decline of laissez-faire since first pronounced dead by Keynes in -1926 and concludes with recommendations which would prove useful medicine for the economy, if adopted by a Labour Governments "Let us wind up with all speed the few rags of empire left and leave the US to their arms race and space race. If NEDC calculates that with our 'defence effort' we could immediately achieve a 4% national growth, we could evidently work bss 6 or 7% without it." Exit an incomes policy!
fnother key article by J.H. Westergaard considers and contests the crop of sloganised cliches for modern society, from the "welfare state" anc “affluent society" to the more unlikely "post-capitalism", Thomas Balogh contributes a review of Galbraith's new book "Economic Development" in an aptly entitled article "The conventional wisdom of Kenneth Galbraith". For those who read Octavio Ianni's study of "The political process and economic development in Brazil" in NLR 25, the concluding article in the current issue, posing the prospects for socialism after a consideration of the role of the class struggle in 3razil and the party system, is compulsory reading, Among other articles and reviews are "The essays of James Baldwin" (Orlando Patterson), "The left in France" (J.M. Vincent) and a study of the work of Stanley Kubrick (Lee Russell),
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