21st-century Marx

By Terrell Carver, The 21st century has already welcomed back Karl Marx (1818-1883), rather on the assumption that he had faded away and has now returned to haunt us. After the financial crashes of 2008, his leonine face appeared on international news magazine covers, feature articles in quality broadsheets, TV documentaries and blogposts. The questions … More 21st-century Marx

The Productive Base as the Ground of Society and History: Marx’s Base-Superstructure Theory

By John McMurtry, “One basis for life and another basis for science is an a-priori lie” –Karl Marx, Economic and Philosophical Manuscripts, 1845. Base-Superstructure Theory (BST) is Marx’s guiding general theory, but is long misunderstood.  Deeply embedded in a monumental corpus of system-challenging analysis, it has become lost in secondary interpretations with partial takes and … More The Productive Base as the Ground of Society and History: Marx’s Base-Superstructure Theory

Marx on Imperialism

By Prabhat Patnaik, ON February 19, 1881, Karl Marx had written a remarkable letter to NF Danielson, the renowned Narodnik economist who had also gone under the name of Nikolayon and whose work had been much discussed by Lenin. In that letter Marx had said the following: “In India serious complications, if not a general outbreak, is … More Marx on Imperialism

New Book: Finance Capital Today – Corporations and Banks in the Lasting Global Slump

by François Chesnais. From Haymarket Books: Across the world, economic recovery, growth and investment are – at best – slow. At the same time, shares, derivatives and other financial instruments are traded in vast quantities with unprecedented rapidity. In accounting for this divergence between the apparent fortunes of the underlying ‘real’ economy and the world … More New Book: Finance Capital Today – Corporations and Banks in the Lasting Global Slump