The final years of the twentieth century have revealed three critical conditions likely to dominate the history of the coming century: (1) economic stagnation and globalization; (2) environmental decline; and (3) the weakness of antisystemic movements. As economic conditions stagnate and environmental conditions worsen, the material bases will emerge for a new, much broader movement […]
Tag Archives | Review of Radical Political Economics
Monopoly Capital Theory and Stagflation: A Comment
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 […]
