July 1, 2026
"Old-style neoliberalism," write Riccardo Bellofiore and Giovanna Vertova "is dead, or at least gravely ill. The new paradigm that may replace it has not yet been born or is not yet recognizable. In the middle, between the times, lies what we have proposed to call the
permanent catastrophe: a regime in which capitalist responses in catastrophic form have become the norm, in which crises are no longer overcome but accumulate."
March 1, 2020
Since the Great Financial Crisis of 2007–09, Hyman Minsky (1919–96) has been widely recognized as one of the late twentieth century's most insightful economic theorists. Nevertheless, if Minsky had still been alive at the time of the Great Financial Crisis, there would have been little likelihood that his new-found reputation would have resulted in his receiving the Nobel Prize in Economics given his heterodox and socialist economic views.
April 1, 2018
The Marxian critique of political economy is inseparable from the "labor theory of value." But what exactly does this theory mean? This article considers Marx's value theory from five perspectives: as a monetary value theory, a theory of exploitation, a macro-monetary theory of capitalist production, a theory of individual prices, and a theory of crises.
