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“Foreword” to English translation of Marta Harnecker, “Latin America and Twenty-First Century Socialism”

“Foreword” to English translation of Marta Harnecker, “Latin America and Twenty-First Century Socialism” (originally published as a book in Spanish), Monthly Review, vol. 62, no. 3 (July-August 2010), iii-xvii.  Translation(s): Bangla translation in Bangla Monthly Review, vol. 3, no. 1 (December 2010). Translated by Ashish Lahiri.]

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The Power of Inaction – A Review

The great financial crisis of 2007–9 has given rise to a small industry of academic studies, some directed at the wider systemic tendencies of capital, class and crisis, others at narrower regulatory or managerial issues. Cornelia Woll’s The Power of Inaction is a work of the latter kind. It is a study of the state-finance […]

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The Climate Moment: Environmental Sociology, Climate Change, and the Left

On September 21, 2014, the largest climate march in U.S. history took place in New York City, as more than 300,000 protestors signaled to UN delegates arriving for climate talks that more desperate measures were needed to protect humanity and other species. The massive demonstration, though representing a wide array of social and political viewpoints, […]

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The Theory of Unequal Ecological Exchange

A world-system analysis of the ecological rift generated by capitalism requires as one of its elements a developed theory of the unequal ecological exchange between center and periphery. After reviewing the literature on unequal exchange (both economic and ecological) from Ricardo and Marx to the present, a new approach is provided, based on a critical […]

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Polish Marxian Political Economy and U.S. Monopoly Capital Theory

From the viewpoint of orthodox economists, macroeconomics has no significant historical antecedents prior to the publication of Keynes’s General Theory of Employment, Interest, and Money in 1936. Theories of aggregate demand before Keynes, such as those associated with Lauderdale, Malthus, and Hobson, were generally weak theoretically. A number of important mainstream economic thinkers raised what […]

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