It may seem strange that Henry Ford, an automobile manufacturer during the early decades of the twentieth century who died in 1947, should suddenly become a major source of contention among those interested in analyzing the contemporary crisis of the U.S. economy. The last few years, however, have seen a vast expansion of the Ford […]
Although each of these books is concerned with the role of values in the workplace, one belongs to the tradition of anomie, the other of alienation. Michael Rose’s study could only have been written in the contemporary atmosphere of economic crisis and perceived break-down in values.
Review of Casino Capitalism by Susan Strange.
For a majority of mainstream and radical economists, the answer to the question “What is Stagnation”? is fairly simple and straightforward and devoid of any real theoretical significance in and of itself. Either it is seen as a period of longer and deeper than average recessions, or it stands for a long-cycle downturn, which will […]
Harvard-trained economist and co-editor of Monthly Review, Paul Sweezy was among the most influential economists and Marxist intellectuals of the 20th century. His contributions extended over six decades from the early 1930s to the early 1990s. He played a role in the development of imperfect-competition analysis and in debates surrounding the Great Depression. His Theory of Capitalist […]
Among those who are convinced of the need for radical social change in the advanced capitalist countries as the world nears the year 2000 there are two broad streams of thought. One of these adheres to the traditional left view that the working class is (almost by definition) the only social force capable of carrying […]
Review of Economics Without Equilibrium by Nicholas Kaldor.
Review of Radical Political Economy Since the Sixties: A Sociology of Knowledge Analysis by Paul Attewell.
“Sources of Instability in the U.S. Political Economy and Empire,” [PDF] Science & Society, vol. XLIX, no. 2 (Summer 1985), pp. 167-193. In Discussing the sources of instability in the U.S. social order, it is useful to focus successively on the economic, political-cultural and imperial aspects of the problem, corresponding to the three levels of economy, […]
In my view, David Kotz’s article, ‘Monopoly. Inflation and Economic Crisis” (Kotz 1982), provides a clear and, for the most part, internally consistent explanation of the inflationary features of monpolistic pricing in the context of long-term economic stagnation, and deserves to be recognized as a notable addition to Marxian analysis. But his claim of having […]