Friday February 27th, 2015, 10:21 am (EST)

Economic Theory

Economic Theory

Socialist Register 2010: Morbid Symptoms

Socialist Register 2010: Morbid Symptoms

Health Under Capitalism

Morbid Symptoms sees health as a major field of political economy, one that focuses on the struggle between commercial forces seeking to make it into a field of profit, and popular forces fighting to keep it — or make it — a public service with equal access for all.… | more |

The Rise of China and the Demise of the Capitalist World Economy

The Rise of China and the Demise of the Capitalist World Economy

In recent years, China has become a major actor in the global economy, making a remarkable switch from a planned and egalitarian socialism to a simultaneously wide-open and tightly controlled market economy. Against the establishment wisdom, Minqi Li argues in this provocative and startling book that far from strengthening capitalism, China’s full integration into the world capitalist system will, in fact and in the not too distant future, bring about its demise.… | more |

The Great Financial Crisis

The Great Financial Crisis

Causes and Consequences

The bursting of the housing bubble and the ensuing financial debacle have left most people, including many economists and financial experts asking: Why did this happen? If they had been reading Monthly Review, and were familiar with such articles as “The Household Debt Bubble,” “The Explosion of Debt and Speculation,” and “The Financialization of Capitalism,” they would not have needed to ask. In their new book, The Great Financial Crisis: Causes and Consequences, Monthly Review editor John Bellamy Foster and long-time Monthly Review contributor, Fred Magdoff, update this analysis, exploring the whole course of what is now known as “the worst financial crisis since the Great Depression”: from the debt explosion and housing bubble to the subprime debacle and federal bailout. They argue that this latest financial crash, although greater than any since 1929, is itself a symptom of deeper problems connected to the stagnation of the “real” or productive economy of mature capitalism. Financial bubbles have become the chief means of countering stagnation, but these inevitably burst, bringing the underlying economic problems back to the surface. The only recourse of the system: new and bigger bubbles, leading, as they too pop, to still greater financial crises and worsening conditions of production—in what has now become a vicious cycle.… | more |

Cheap Motels and a Hot Plate

Cheap Motels and a Hot Plate

An Economist's Travelogue

The road trip is a staple of modern American literature. But nowhere in American literature, until now, has an economist hit the road, observing and interpreting the extraordinary range and spectacle of U.S. life, bringing out its conflicts and contradictions with humor and insight.… | more |

"An analysis with a majestic sweep … may be the single most instructive book I have ever read about the organization and complexity of agricultural production systems."—Journal of Agricultural & Environmental Ethics

A History of World Agriculture

From the Neolithic Age to the Current Crisis

Only once we understand the long history of human efforts to draw sustenance from the land can we grasp the nature of the crisis that faces humankind today, as hundreds of millions of people are faced with famine or flight from the land. From Neolithic times through the earliest civilizations of the ancient near East, in savannahs, river valleys and the terraces created by the Incas in the Andean mountains, an increasing range of agricultural techniques have developed in response to very different conditions. These developments are recounted in this book, with detailed attention to the ways in which plants, animals, soil, climate, and society have interacted.… | more |

Railroading Economics

Railroading Economics

The Creation of the Free Market Mythology

Most economic theory assumes a pure capitalism of perfect competition. This book is a penetrating critique of the rhetoric and practice of conventional economic theory. It explores how even in the United States—the most capitalist of countries—the market has always been subject to numerous constraints.… | more |

Imperialism Without Colonies

Imperialism Without Colonies

with an introduction by John Bellamy Foster

In the decades after 1945, as colonial possessions became independent states, it was widely-believed that imperialism as a historical phenomenon was coming to an end. The six essays collected in this volume demonstrate that a new form of imperialism was, in fact, taking shape—an imperialism defined not by colonial rule but by the global capitalist market. From the outset, the dominant power in this imperialism without colonies was the United States.… | more |

Naming the System

Naming the System

Inequality and Work in the Global Economy

The economic boom of the 1990s created huge wealth for the bosses, but benefitted workers hardly at all. At the same time, the bosses were able to take the political initiative and even the moral high ground, while workers were often divided against each other. This new book by leading labor analyst Michael D. Yates seeks to explain how this happened, and what can be done about it.… | more |

Socialist Register 2002: A World of Contradictions

Socialist Register 2002: A World of Contradictions

Radical politics have been defined in modern times—and distinguished from earlier traditions of protest—by the idea that economic, social and political structures are contradictory. Systems of exploitation creates not only wealth and prosperity for the powerful, but at the same time bring into being the forces which ensure their own eventual downfall. But it is a large step from the general assertion that social forms contain their own contradictions to analysis of the specific contradictions which occur in a given historical context, their interaction and movement, and their possible historical outcomes.… | more |

The Amoral Elephant

The Amoral Elephant

Globalization and the Struggle for Social Justice in the Twenty-First Century

In November 1999, when more than forty thousand demonstrators in Seattle effectively shut down a World Trade Organization (WTO) conference, we saw what may well have been this country’s largest popular protest of the last twenty years or more. In April 2000, thousands converged on Washington D.C. to express opposition to the IMF and the World Bank, and more recently, massive demonstrations in Geneva, Melbourne and Prague succeeded in bringing international attention to the issues surrounding globalization. Against the backdrop of these historic events, William K. Tabb issues a comprehensive examination of the world capitalist system at the start of the twenty-first century. He confronts the prevailing view of globalization as the steamroller against which even the most powerful nations are helpless and explains the role of the state in creating the conditions necessary for capital’s dominance.… | more |

Socialist Register 2001: Working Classes, Global Realities

Socialist Register 2001: Working Classes, Global Realities

Socialist Register 2001 examines the challenges faced by workers and the labor movement under global capitalism in the new century. This collection of twenty timely and original essays lay the groundwork for a much-needed revival of class analysis. A broad range of working-class issues are addressed including knowledge work and the “cybertariat” in the new economy, feminism and unions, migrant labor, peasant struggles, internationalism, and the impact of unstable, casual, and contingent employment. Other essays examine critically important regional experiences in India, Iran, Russia, Brazil, Southern Africa, and East Asia, as well as Europe and North America. Contributors to this volume reveal new and exciting possibilities for change that transcend the limits of old forms of class organization and politics.… | more |

Socialist Register 1999: Global Capitalism Versus Democracy

Socialist Register 1999: Global Capitalism vs. Democracy

Global Capitalism vs. Democracy

“Globalization” has come to define our age. Stock market fluctuations, the fortunes of political administrations, and conditions for working people—all rise and fall with the tide of global capital flow.… | more |

The Communist Manifesto

The Communist Manifesto

First published in London in 1848, the Communist Manifesto is one of the most important books of all time: a document which helped to define the emerging socialist movement, altered the course of world history, and is universally acknowledged to be a cornerstone of modern social thought. … | more |

Capitalism and the Information Age

Capitalism and the Information Age

The Political Economy of the Global Communication Revolution

Not a day goes by that we don’t see a news clip, hear a radio report, or read an article heralding the miraculous new technologies of the information age. The communication revolution associated with these technologies is often heralded as the key to a new age of “globalization.” How is all of this reshaping the labor force, transforming communications, changing the potential for democracy, and altering the course of history itself? Capitalism and the Information Age presents a rigorous examination of some of the most crucial problems and possibilities of these novel technologies.… | more |

Labor and Monopoly Capital

Labor and Monopoly Capital

The Degradation of Work in the Twentieth Century

This widely acclaimed work, first published in 1974, overturned the reigning ideologies of academic sociology and became the standard text for many basic areas of sociological inquiry, including the science of managerial control, the relationship of technological innovation to social class, and the eradication of skill from work under capitalism.… | 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 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 |

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