Tuesday September 1st, 2015, 3:59 am (EDT)

Economic Theory

Economic Theory

More (or Less) on Globalization

Much has been written about “globalization” in the last few years. It is not my intention to add to this literature but only to put the topic into the context of my own understanding of the history of capitalism.…Globalization is not a condition or a phenomenon: it is a process that has been going on for a long time, in fact ever since capitalism came into the world as a viable form of society four or five centuries ago; (dating the birth of capitalism is an interesting problem but not relevant for present purposes). What is relevant and important, is to understand that capitalism is in its innermost essence an expanding system both internally and externally. Once rooted, it both grows and spreads. The classic analysis of this double movement is of course Marx’s Capital.… | more |

Red Cat, White Cat

Red Cat, White Cat

China and the Contradictions of ‘Market Socialism’

After years of pro–market reforms, China faces a fundamental choice. Will it move toward private capitalism, or toward a renewal of the collective and socialist basis of its revolution? Red Cat, White Cat begins by examining the tensions growing within “market socialism.” Weil provides background on marketization, the class forces that produced it, and the polarization and social dislocation that it is generating.… | more |

The Triumph of Financial Capital

The announced subject of this conference is “New Trends in Turkey and the World.” I shall not try to say anything about new trends in Turkey, partly because of my ignorance but more importantly because Turkey is very much part of the world, and in this period the mother of all new trends is global in nature. To understand what is happening in any part of the world, one must start from what is happening in the whole world. Never has Hegel’s dictum “The Truth is in the Whole” been as true and relevant as it is today.… | more |

The Rush to Development

The Rush to Development

Economic Change and Political Struggle in South Korea

After thirty years of rapid economic growth, South Korea is widely promoted as demonstrating the superiority of free market capitalism. Along with Taiwan, Singapore, and Hong Kong, it is considered a great success story and model for third world development.… | more |

The Great Reversal: The Privatization of China 1978-1989

The Great Reversal: The Privatization of China 1978-1989

The Privatization of China 1978-1989

The Great Reversal is the first critical study of the widely heralded reforms currently transforming China’s economy. From his long experience in Chinese agriculture, Hinton first examines the course of agricultural reform over the past decade, then looks at its consequences in different areas of the countryside and considers its implications for the country as a whole. He raises troubling questions about China’s capitalist future—the growing landlessness, increasing inequality, and above all, the destruction of the nation’s natural resources and the collectively built infrastructure that was the great achievement of the revolution. In so doing he sheds new light on the sources of discontent behind the demonstrations that culminated in the Tiananmen massacre of June 1989.… | more |

Transforming the Revolution

Transforming the Revolution

Social Movements and the World-System

In this successor volume to the widely read Dynamics of Global Crisis, the authors engage in a provocative discussion of the history and contemporary dilemmas facing the movements that are variously described as antisystemic, social, or popular. The authors believe that these movements, which have for the past 150 years protested and organized against the multiple injustices of the existing system, are the key locus of social transformation. … | more |

The Poor and the Powerless

The Poor and the Powerless

Economic Policy and Change in the Caribbean

Argues than another form of development—by the poor and for the poor—is not only possible but necessary.… | more |

The Irreversible Crisis

The Irreversible Crisis

Economic History as it Happened, Vol. V

The economies of the capitalist world-individually and as part of a closely knit global system-have been in an ongoing state of crisis since the early 1970s when the long post World War II boom finally came to an end. This crisis has gone through several phases but has not at any time shown signs of giving way to a renewed long wave of prosperity.… | more |

Economic History as it Happened, Vol IV

Stagnation and the Financial Explosion

Economic History As It Happened, Vol. IV

This is the fourth in the magisterial series of essays by the former editors of Monthly Review on the state of the U.S. economy and its relation to the global system. Like its predecessors, this volume focuses on the development of U.S. capitalism as it takes place, and covers the 1980s. The authors stress the profound contradictions of the underlying processes of capital accumulation and identify, before any other economic commentators, the immense implications of the use of the explosion of debt to attempt to solve the problems presented by the underlying stagnation in the real economy.… | more |

The Financial Explosion

Credit where credit is due. For a long time now we have been harping in this space on the theme of a monetary system out of control; of the wild proliferation of new financial institutions, instruments, and markets; of the unchecked spread of a speculative fever certainly more pervasive and perhaps even more virulent than any recorded in the long history of capitalism’s get-rich-quick obsessions. With few exceptions, accredited economists, as is their wont, have ignored these bizarre goings-on: they are not part of the way the economy is supposed to operate and are hence unworthy of “scientific” attention. … | more |

The Faltering Economy

The Faltering Economy

The essays in this volume, by veteran economists as well as younger scholars, are part of a radical attempt to grapple with the problems of advanced capitalist development without discarding the real theoretical breakthroughs made by Keynes. The contributors argue that Keynes was correct in pointing to the economic contradictions stemming from unemployment, incoming inequality, and speculative finance, but failed to consider the class composition of social output, the macroeconomic effects of the modern firm, and the atrophy of investment under conditions of capitalist maturity. … | more |

Dynamics of Global Crisis

Dynamics of Global Crisis

Preeminent theoreticians of the world economy set out their understanding of the long-term dynamics of global capitalism.… | more |

World Bank: A Critical Analysis

The World Bank

A Critical Analysis

A careful analysis of the Bank’s own policy papers and reports, which outlines its philosophy of development and the concrete effects of its projects.… | more |

The Long Default

The Long Default

New York City and the Urban Fiscal Crisis

Classic study of the fiscal crisis that gripped New York City — and much of urban America — in the 1970s.… | more |

Four Lectures on Marxism

Four Lectures on Marxism

One of the 20th century’s foremost Marxian economists discusses the dialectical method, the contradictions of capitalism, and the future of Marxism.… | more |

A History of Capitalism

A History of Capitalism

1500 – 2000, New Edition

The conquest of the Americas inaugurated the slow accumulation of resources and the imperceptible structural transformations that culminated in the Industrial Revolution. From that moment on, capitalism grew and expanded with a dynamism and adaptability that are now all too familiar, profiting from wars and even managing to rebound after a series of devastating economic crises.… In this highly-anticipated updated edition, Beaud extends one of the major strengths of the original: the interweaving of social, political, and economic factors in the context of history. At the same time, Beaud’s analysis provides a realistic and thorough examination of the developments of capitalism in the last twenty years, including globalization, the accelerating speed of capital transfer, and the collapse of the Soviet empire and the subsequent absorption of its population into the world market. This new edition also offers a completely revised format that integrates diagrams and flow-charts not previously available in the English-language edition.… | more |

Economic History As It Happened (Vol III)

The Deepening Crisis of U.S. Capitalism

Economic History As It Happened, Vol. III

This is the third book of essays on the United States and the world economy produced by the fruitful collaboration of Monthly Review editors Paul M. Sweezy and Harry Magdoff. In these essays, written between 1977 and 1981, the authors assess the results of efforts taken to stabilize the economy after the epochal changes of the early 1970s, the end of capitalism’s “golden age,” by attempts to counteract the effects of inflation, debt dependence, speculation, and financial instability.… | more |

Bureaucracy and the Labor Process

Bureaucracy and the Labor Process

The Transformation of U.S. Industry, 1860–1920

This book makes the argument, supported by rich and extensive historical research into original sources, that it is possible to revolutionize work so that it can be, in the author’s words, “satisfying, creative, and stimulating at the same time that it is materially productive: we can have material abundance along with interesting work.”… | more |

FacebookRedditTwitterEmailPrintFriendly