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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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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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Capitalism’s Environmental Crisis

The standard solution offered to the environmental problem in advanced capitalist economies is to shift technology in a more benign direction: more energy-efficient production, cars that get better mileage, replacement of fossil fuels with solar power, and recycling of resources. Other environmental reforms, such as reductions in population growth and even cuts in consumption, are […]

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Remarks on Paul Sweezy on the Occasion of his Receipt of the Veblen-Commons Award

I would like to quote at length from Paul Samuelson, who wrote a piece exactly thirty years ago for Newsweek magazine about a time thirty years before that “when giants walked the earth and Harvard Yard”: When Diaghilev revived his ballet company he had the original Bakst sets redone in even more vivid colors, explaining, […]

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Marx’s Theory of Metabolic Rift

This article addresses a paradox: on the one hand, environmental sociology, as currently developed, is closely associated with the thesis that the classical sociological tradition is devoid of systematic insights into environmental problems; on the other hand, evidence of crucial classical contributions in this area, particularly in Marx, but also in Weber, Durkheim, and others, […]

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