Capitalism Unleashed: Finance,Globalization, and Welfare

Andrew Glyn, who died from a brain tumour in December 2007, aged 64, had been a key figure in socialist political economy since the 1970s. His seminal book with Bob Sutcliffe, British Capitalism, Workers and the Profits Squeeze, published in 1972, inspired a generation of political economists. It offered an arresting empirical analysis of the predicament of British capitalism, and occasioned a fierce and wide-ranging debate among socialist economists over its empirical accuracy, its theoretical approach and its political implications. It was one of the first and most important expressions of Ricardian Marxism in the 1970s, emphasising the importance of distributional struggles for the future economic and political development of capitalism.

He was actively engaged in politics and he was always ready to put his intellectual skills to practical use, as during the British miners' strike in 1984–5, when he provided a detailed critical analysis of the economic case being advanced by the employers and the Government against the union. At the same time he sought to understand the trends that were shaping the development of capitalism, and wrote two very influential books, Capitalism Since World War II: the Making and Breakup of the Great Boom (1984, with Philip Armstrong and John Harrison), and Capital Unleashed (2006), his analysis of the recent neoliberal phase of capitalist development.

He will be remembered for his skills as a teacher, his humane and tolerant approach to intellectual debate, and his lasting contributions to our understanding of contemporary capitalism.