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Political Economy

Memoirs of Bernardo Vega: A Contribution to the History of the Puerto Rican Community in New York

Memoirs of Bernardo Vega: A Contribution to the History of the Puerto Rican Community in New York

When Bernardo Vega arrived in New York from Puerto Rico in 1916, he was at the forefront of a migrant stream that was soon to become a flood. His memoirs—perceptive, lively, and politically aware—provide us with a unique and often humorous firsthand account of the life of an immigrant, as well as of the concerns and activities of the Puerto Rican community in New York in the period between the wars. | more…

Value and Crisis: Essays on Marxian Economics in Japan

Value and Crisis: Essays on Marxian Economics in Japan

Value and Crisis opens with a long and highly informative essay on the development of Marxian economics in Japan, and contains a number of the author’s important and original contributions to this stream of thought. Itoh discusses the major points of view on Marx’s theory of value, on theories of crisis, and on problems of Marx’s theory of market value. | more…

Bureaucracy and the Labor Process: The Transformation of U.S. Industry, 1860–1920

Bureaucracy and the Labor Process: The Transformation of U.S. Industry, 1860–1920

This book makes the argument, supported by rich and extensive historical research into original sources, that it is possible to revolutionize work so that it can be, in the author’s words, “satisfying, creative, and stimulating at the same time that it is materially productive: we can have material abundance along with interesting work.” | more…

Dependent Accumulation and Underdevelopment

Dependent Accumulation and Underdevelopment

Why, while Europe, North America, and Australia have developed, have Africa, much of Asia, and Latin America remained underdeveloped? Andre Gunder Frank sets out to answer this basic question by showing how world capital accumulation has led to the differentiation of these regions within the single world-embracing economic system. Unequal exchange between regions, combined with the differential transformation of productive, social, and political relations within regions, has led to the capitalist development of some areas and to the underdevelopment of others. | more…

The Deepening Crisis of U.S. Capitalism (Economic History As It Happened, Vol. III)

The Deepening Crisis of U.S. Capitalism (Economic History As It Happened, Vol. III)

This is the third book of essays on the United States and the world economy produced by the fruitful collaboration of Monthly Review editors Paul M. Sweezy and Harry Magdoff. In these essays, written between 1977 and 1981, the authors assess the results of efforts taken to stabilize the economy after the epochal changes of the early 1970s, the end of capitalism’s “golden age,” by attempts to counteract the effects of inflation, debt dependence, speculation, and financial instability. | more…