topmenu

Tag Archives | Sole Authored

The Opt Out Revolt

In the United States today, the age of monopoly-finance capital and neoliberal politics, all aspects of social life are being financialized at breakneck speed, while the economy as a whole and employment remain lackluster. Financial flows of whatever kind are converted into “securitized” assets to be leveraged by Wall Street speculators. The data of private […]

Continue Reading

The Theory of Monopoly Capitalism (New Edition)

In 1966, Paul Baran and Paul Sweezy published Monopoly Capital, a monumental work of economic theory and social criticism that sought to reveal the basic nature of the capitalism of their time. Their theory, and its continuing elaboration by Sweezy, Harry Magdoff, and others in Monthly Review magazine, influenced generations of radical and heterodox economists. […]

Continue Reading

Marx’s Grundrisse and the Ecological Contradictions of Capitalism

Nevertheless, because Marx’s overall critique of political economy remained unfinished, these and other aspects of his larger materialist conception of nature and history were incompletely developed – even in those works, such as Capital, volume 1, published in his lifetime. Moreover, the relation of his developed political–economic critique in Capital to the wider corpus of […]

Continue Reading

Marxian Economics and the State

How can we account for the somewhat paradoxical fact that certain socialist models of the capitalist economy are often thought to be prone to political degeneration? In essence, there are four divisions among Marxist on the subject of crisis: (1) the falling rate of profit school, (2) disproportionality theory, (3) underconsumptionism, and (4) profit squeeze […]

Continue Reading