Real World Micro & Macro 2017 Editions

Real World Micro (24th edition)  has just been published by Dollars & Sense.  The book is edited by Rob Larson, Alejandro Reuss, Bryan Snyder, Chris Sturr, and the D&S Collective .Standard microeconomics textbooks depict a tidy world of free markets producing the best outcomes for everyone. Real World Micro confronts neoclassical theory with a messier reality … More Real World Micro & Macro 2017 Editions

Reform or Revolution: European Social Democracy and the Roots of the Eurozone Crisis

Pt. 3 of “European Social Democracy and the Roots of the Eurozone Crisis;” see Part 1 here and Part 2 here. By Alejandro Reuss, A deep crisis of global capitalism, its seeds sown in part by a dramatic deregulation of finance, Wolfgang Münchau of the Financial Times notes, would seem tailor-made for a revival of … More Reform or Revolution: European Social Democracy and the Roots of the Eurozone Crisis

Globalization and the End of the Labor Aristocracy

By Jayati Ghosh, Twenty-first century imperialism has changed its form. In the 19th century and the first half of the 20th century, it was explicitly related to colonial control; in the second half of the 20th century it relied on a combination of geopolitical and economic control deriving also from the clear dominance of the … More Globalization and the End of the Labor Aristocracy

James Cypher: Military Spending in the Swampland

By James Cypher, On September 11, 1941, the U.S. War Department commenced construction of its new headquarters, the Pentagon: With each of its five sides running the length of three football fields, encompassing 4 million square feet of work space, it remains even today the world’s largest office building. Placing it where President Roosevelt wanted … More James Cypher: Military Spending in the Swampland

What Trump Can and Can’t Do to Immigrants

By David Bacon, Over the terms of the last three presidents, the most visible and threatening aspect of immigration policy has been the drastic increase in enforcement. President Bill Clinton presented anti-immigrant bills as compromises, and presided over the first big increase in border enforcement. George W. Bush used soft rhetoric, but sent immigration agents … More What Trump Can and Can’t Do to Immigrants

It Can Happen Here: The rise of a right-wing nationalist regime in the United States

By David Kotz, On November 8 the rise of a right-wing nationalist regime in the United States became a realistic possibility, if not now then in the coming years. Such regimes stress nationalist and patriotic themes, play upon and intensify fear of minority ethnicities and/or religions and/or other long-oppressed groups, promise to resolve festering economic … More It Can Happen Here: The rise of a right-wing nationalist regime in the United States