New Book: Economics for Sustainable Prosperity

By Steven Hail. From Palgrave Macmillan: The central argument of this book is that the foundations for sustainable prosperity lie in an approach to economic management based on modern monetary theory and a job guarantee. This approach builds on the work of Keynes, Kalecki, Minsky, Davidson, Godley and other Post- Keynesian economists—as well as research … More New Book: Economics for Sustainable Prosperity

Marx on Automation

The following text is taken from pages 690-711 of the Vintage edition of Karl Marx’s Grundrisse, translated into English by Marin Nicolaus and published in 1973, to draw the attention of the interested reader in light of the recent mainstream foray into the topic of automation. The labour process. — Fixed capital. Means of labour. … More Marx on Automation