Imperialism: Is it Still a Relevant Concept? A Debate Among Marxists

Four prominent Marxists met at The New School in New York to debate the relevance of imperialism. The debate was related to the publication of Prabhat Patnaik’s (Jawaharlal Nehru University) new book A Theory of Imperialism (written with Utsa Patnaik). With him in the panel were geographer David Harvey (CUNY), political scientist Nancy Fraser (The … More Imperialism: Is it Still a Relevant Concept? A Debate Among Marxists

An Eco-Revolutionary Tipping Point? Global Warming, Climate Denials, & the Environmental Proletariat

By Paul Burkett, In the summer of 2016, the acceleration of climate change was once again making headlines. In July, the World Meteorological Association announced that the first six months of 2016 had broken all previous global temperature records, with June being the fourteenth month in a row of record heat for both land and … More An Eco-Revolutionary Tipping Point? Global Warming, Climate Denials, & the Environmental Proletariat

Austerity never ends: Orthodox Economists say wages are too high

Originally posted on Systemic Disorder:
No, you can’t really make this stuff up: Orthodox economists continue to tell us that the reason for ongoing economic stagnation is that wages and unemployment benefits are too high. Yes, that’s right. You haven’t suffered enough. Given that orthodox economics (or “neoclassical” or Chicago School, if you prefer alternate…

New book: Crisis and the Failure of Economic Theory – The Responsibility of Economists for the Great Recession

By Giancarlo Bertocco. From Edward Elgar: Economists have rightly been criticized for not having foreseen the crisis that exploded in 2007–2008. As Giancarlo Bertocco eloquently argues, responsibility does indeed rest heavily on their shoulders. By developing a theory which excluded the possibility that a catastrophic crisis could ever happen, the economics profession has justified decisions … More New book: Crisis and the Failure of Economic Theory – The Responsibility of Economists for the Great Recession