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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…