On December 12, 1991, Lawrence Summers, chief economist of the World Bank, sent a memorandum to some of his colleagues presenting views on the environment that are doubtless widespread among orthodox economists, reflecting as they do the logic of capital accumulation, but which are seldom offered up for public scrutiny, and then almost never by […]
Tag Archives | Monthly Review
Colón and Colonialism
A number of readers have pointed out that an egregious error was made in my introduction to the July-August issue on the Quincentennial, where it says (on page 2) that, “The nature of the encounter was a colonial one (a word derived from Colon or Columbus) …. ” This was a mistake since the Latin […]
Anti-Semitism and the Legacy of Columbus
The July/August issue of MR is a superb addition to the articles (and books) which are aimed at the multi-faceted myths surrounding Columbus and his trans-Atlantic voyages. Understandably, major emphasis in the myth-destroying quincentennial literature is on Amerindians and African-Americans. Lamentably few deal with the impact of Columbus’ exploits on Jews; and none of the […]
The Tendency of the Surplus to Rise, 1963–1988
In the increasingly universal monopoly-capitalist economy and culture of the late twentieth century, people no longer need what they want or want what they need. Wants are artificially manufactured while the most desperate needs of innumerable individuals remain unfulfilled. Although labor productivity has steadily risen, the overall efficiency and rationality of society has in many […]
Introduction
“The discovery of America and that of a passage to the East Indies by the Cape of Good Hope,” Adam Smith wrote in 1776 in his Wealth of Nations, the book that more than any other was to mark the birth of liberal political economy, “are the two greatest and most important events recorded in […]
Fascism in Iraq
In his article, “Imperialism and the Gulf War” (MR, April 1991), Tom Mayer makes the following statement: In order to make Saddam Hussein a suitable target for unlimited violence, all positive achievements of his government are ignored. We hear almost nothing about the growth of literacy in Iraq, the increased availability of housing, women’s rights, […]
Capitalism and the Ancient Forest
The battle for the old growth forest of the Pacific Northwest, which gained widespread national attention with the designation of the northern spotted owl as a threatened species in June 1990, can be thought of as a complex set of social and ecological problems traceable to a single cause: the continuing failure on the part […]
Marxism and the Uno School
In an 1859 review of Marx’s Contribution to a Critique if Political Economy, Engels provided the following description of the economic method of historical materialism, frequently labeled the “logical- historical method”:
The Spirit of ’68
Review of Nineteen Sixty-Eight: A Personal Memoir by Hans Koning.
Restructuring the World Economy in a Time of Lasting Crisis
Review of Restructuring the World Economy by Joyce Kolko.
