April 1, 2023
Andy Higginbottom analyzes the influence of Ruy Mauro Marini on dependency theory and the concept of superexploitation. Marini, he explains, carried Marx's legacy forward—but there is still work to be done in the twenty-first century.
April 1, 2023
What did Marx mean in his discussion of "so-called primitive accumulation" in Capital? Here, Ian Angus argues that the term is widely misunderstood—but its illumination reveals great insight to the conditions of exploitation and expropriation.
March 1, 2023
Capital, Ben Selwyn writes, has been advancing its interests under the guise of protecting "global supply chain resilience." While those promoting the resilience agenda assert that these supply chains represent a net benefit, evidence suggests that they increase the transfer of surplus value from the Global North and, especially, in the. South.
March 1, 2023
In this reprise from October 1993, Henry Magdoff and Paul Sweezy ask: "Isn't there anyone around here who understands how this capitalist system works?"
November 1, 2022
Mariko Frame reviews The Future is Degrowth: A Guide to the World Beyond Capitalism, by Matthias Schmelzer, Andrea Vetter, and Aaron Vansintjan (Verso, 2022) and its explorations of the policies, vision, and strategies for social change required for the burgeoning movement.
October 1, 2022
There is hardly any theme in Karl Marx's theoretical corpus that has garnered as much traction as his theory of fetishism. Ever since Marx introduced the term into his critique of political economy in Capital, fetishism became a field of theoretical force. While much ink has been spilled on the specific content and theoretical scope of fetishism in Capital, young Marx's initial exploration of the term has rarely enjoyed critical attention.
July 1, 2022
A major deficiency of the growth-obsessed model driving global neoliberal economic policy is its lack of understanding on the Earth System on which it—and indeed, all life on Earth—relies.
April 1, 2022
Degrowth and ecosocialism are two of the most important movements—and proposals—on the radical side of the ecological spectrum.
February 1, 2021
Although natural constraints on supply are important, most economic scarcities that rule our lives are actually social and artificial. Supply and demand are not natural forces drifting through the air; they are contrived realities established by an interactive social environment involving governments, corporations, institutions, and classes. Supply and demand cycles are social constructs designed to answer a basic question: Who gets what?
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.
