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 […]
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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.
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 Radical Political Economy Since the Sixties: A Sociology of Knowledge Analysis by Paul Attewell.
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 […]
The theory of capitalism’s monopoly stage has had such a long and distinguished history that one could be excused for thinking of it as an established and non-controversial component of Marxian political economy. Indeed, the “neo-Marxian” theory of secular stagnation which developed out of the analysis of monopoly capital—notably, in the work of Micha Kalecki, […]