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Capitalism and the Information Age: The Political Economy of the Global Communication Revolution

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…

In Defense of History: Marxism and the Postmodern Agenda

In Defense of History: Marxism and the Postmodern Agenda

Are we now in an age of “postmodernity”? Even as some on the right have proclaimed the “end of history” or the final triumph of capitalism, we are told by some left intellectuals that the “modern” epoch has ended, that the “Enlightenment project” is dead, that all the old verities and ideologies have lost their relevance, that the old principles of rationality no longer apply, and so on. Yet what is striking about the current diagnosis of postmodernity is that it has so much in common with older pronouncements of death, both radical and reactionary versions. What has ended, apparently, is not so much another, different epoch but the same one all over again.… | 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…