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Ecological Economics and Classical Marxism

This introduction to “Socialism and the Unity of Physical Forces” reassesses Sergei Podolinsky’s place in the history of ecological economics together with Marx and Engels’s reaction to Podolinsky’s work. The authors show that contrary to conventional wisdom, Podolinsky did not establish a plausible thermodynamic basis for the labor theory of value that could have been […]

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Kipling, the ‘White Man’s Burden,’ and U.S. Imperialism

We are living in a period in which the rhetoric of empire knows few bounds. In a special report on “America and Empire” in August, the London-based Economist magazine asked whether the United States would, in the event of “regime changes … effected peacefully” in Iran and Syria, “really be prepared to shoulder the white […]

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Imperial America and War

On November 11, 2000, Richard Haass—a member of the National Security Council and special assistant to the president under the elder Bush, soon to be appointed director of policy planning in the State Department of newly elected President George W. Bush—delivered a paper in Atlanta entitled “Imperial America.” For the United States to succeed at […]

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The Commercial Tidal Wave

For a long time now it has been widely understood within economics that under the capitalism of giant firms, corporations no longer compete primarily through price competition. They engage instead in what economists call “monopolistic competition.” This consists chiefly of attempts to create monopoly positions for a particular brand, making it possible for corporations to […]

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The Rediscovery of Imperialism

The concept of “imperialism” was considered outside the acceptable range of political discourse within the ruling circles of the capitalist world for most of the twentieth century. Reference to “imperialism” during the Vietnam War, no matter how realistic, was almost always a sign that the writer was on the left side of the political spectrum. […]

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