John Weeks

John Weeks (1 April 1941 – 26 July 2020) was an American economist, critic of neoliberal economics and a policy advisor to the Labour party under Jeremy Corbyn.

Life

Weeks was born in Austin, Texas in a middle-class family. He received a degree in economics from the University of Texas in 1963 and subsequently enrolled in PhD-studies.

Weeks is credited with coining the phrase "quantity theory of competition" to reflect a proposition that more competition in various aspects of the markets (producers, consumers, and workers) will create a more efficient economy.

In August 2015, Weeks endorsed Jeremy Corbyn's campaign in the Labour Party leadership election.

He died on 26 July 2020 of leukaemia.

Selected works Economics of the 1% (2014) The Irreconcilable Inconsistencies of Neoclassical Macroeconomics: A False Paradigm Capital, Exploitation and Economic Crisis (2011)