New INET Paper by Matías Vernengo: Who is afraid of Neoliberalism? A comment on Mirowski

By Matías Vernengo While the Neoliberal movement’s concerns extend into a broad political reorganization of society, it remains intimately connected with neoclassical economic thought. The idea of a Neoliberal Thought Collective (NTC) being a “completely different school of thought” from neoclassical economics is not quite correct. It is true that Neoliberalism transcends the more limited… More New INET Paper by Matías Vernengo: Who is afraid of Neoliberalism? A comment on Mirowski

New Book by Richard D. Wolff: Capitalism’s Crisis Deepens – Essays on the Global Economic Meltdown

From Haymarket Books: While most mainstream commentators view the crisis that provoked the Great Recession as having passed, these essays from Richard Wolff paint a far less rosy picture. Drawing attention to the extreme downturn in most of capitalism’s old centers, the unequal growth in the its new centers, and the resurgence of a global… More New Book by Richard D. Wolff: Capitalism’s Crisis Deepens – Essays on the Global Economic Meltdown

DisORIENT: Money, Technological Development and the Rise of the West

By Matias Vernengo A very short paper on a very broad subject, co-written with David Fields, which was presented at the last ASSA Meetings in San Francisco. It is forthcoming in the Review of Radical Political Economics (RRPE). The title is derived from Gunder Frank’s ReORIENT, that David and I always thought was thought provoking,… More DisORIENT: Money, Technological Development and the Rise of the West

New Book: Handbook of Research Methods and Applications in Heterodox Economics

Edited by the late Frederic S. Lee, and Bruce Cronin Despite the important critiques of the mainstream offered by heterodox economics, the dominant method remains econometrics. This major new Handbook provides an invaluable introduction to a range of alternative research methods better suited for analysing the social data prominent in heterodox research projects, including survey,… More New Book: Handbook of Research Methods and Applications in Heterodox Economics

Has the Left Run its Course in Latin America?

By Mark Weisbrot Hardly. Despite recent setbacks, it has led the region’s “second independence,” benefiting hundreds of millions. There is a popular narrative here in Washington and media circles that Latin America’s left-populist turn has finally run its course. It goes something like this: A commodities boom, led by demand from China for Latin American raw… More Has the Left Run its Course in Latin America?

DEADLINE APPROACHING (MAY 31ST): URPE Dissertation Fellowship

The Union for Radical Political Economics invites doctoral candidates in any discipline with an approved dissertation proposal in the area of radical political economics to apply for the URPE Dissertation Fellowship. The URPE dissertation fellow will receive $5,000 to support their dissertation writing during the 2016-17 academic year. Applicants are asked to submit: 1)      A… More DEADLINE APPROACHING (MAY 31ST): URPE Dissertation Fellowship

Marx on growth and ‘normal’ unemployment under capitalism

Originally posted on The Political Economy of Development:
A brief excerpt from Capital Vol 1, on the dynamism of capitalist growth (what Marx and the classical economists called accumulation), and the necessary creation of surplus labour, the famous ‘reserve army’ of the unemployed, to long run development. It is ideas such as this and their appearance in…