Edited by Gerald Hubmann & Marcel van der Linden. From Haymarket Books: For almost 150 years, scholars have been debating how to interpret Marx’s seminal work Capital while they had access to just some of Marx’s economic manuscripts. This changed in 2013 with the publication of all the known economic writings of Marx and Engels … More New Book: Marx’s Capital – An Unfinishable Project?
By Bill Dunn, The theories of monopoly capitalism and unequal exchange make important contributions to economic theory. They emphasize, respectively, how big companies can use their power over consumers and smaller-firm suppliers, and how rich countries can exploit poorer ones. Capitalist exchange is not a realm of freedom and equality. However, both theories continue to … More Claiming Too Much for Exchange
By Michael Burawoy, Erik Olin Wright died just after midnight on January 23, in Milwaukee’s Froedtert Hospital. He was seventy-one years old. The world lost one of its great social scientists, practitioner as well as thinker. He died as he lived — to the fullest. Diagnosed with acute myeloid leukemia the previous April, throughout the subsequent ten … More Remembering Erik Olin Wright: A Real Utopian in Theory and Praxis
Originally posted on Economic Sociology & Political Economy:
“Gramsci once described the struggle for social justice as requiring ‘pessimism of the intellect, optimism of the will.’ I believe in the world today we need an optimism of the intellect as well: an optimism grounded in our understanding of the real potentials for emancipatory alternatives which…
By Al Campbell, Ann Davis, David Fields, Paddy Quick, Jared Ragusett and Geoffrey Schneider American Review of Political Economy – original version Introduction Ten years after the financial crisis, we still find mainstream economists engaging in overly simplistic analysis that does not accurately capture the dynamics of the real world. People studying economics need to … More The Unreal Basis of Neoclassical Economics
By Nancy Folbre. From Verso: In this groundbreaking new work, Nancy Folbre builds on a critique and reformulation of Marxian political economy, drawing on a larger body of scientific research, including neoclassical economics, sociology, psychology, and evolutionary biology, to answer the defining question of feminist political economy: why is gender inequality so pervasive? In part, … More New Book: The Rise and Decline of Patriarchal Systems
A professor of economics at Sarah Lawrence College, Jamee Moudud draws on the tradition of critical legal studies to extend the constitutional theory of money to new historical and international contexts. He currently serves on the board of the Association for the Promotion of Political Economy and the Law. He is also associate editor for … More Money and Power with Jamee Moudud
By Geoffrey Schneider. From Routledge: In order to fully understand the evolution and future growth of economic systems, we must draw on the lessons of economic history. The 2008 Financial Crisis, for example, mirrored past economic meltdowns with uncanny accuracy. Just like the Great Depression of the 1930s and the Savings and Loan Crisis of … More New Book: The Evolution of Economic Ideas and Systems – A Pluralist Introduction
Political organizing is hard — political education shouldn’t have to be. In the best tradition of socialist pedagogy, Catalyst and Jacobin are partnering up for a new series of pamphlets, called The ABCs of Capitalism. Each one is self-contained, and can be read on its own. But the series as a whole will be internally … More Introducing The ABC’s of Capitalism
By Matt Vidal, Received wisdom holds that history has proven Marx’s theory of the working class to be wrong. This claim hinges on the so-called gravedigger thesis. According to leading industrial relations scholar Paul Edwards, central to Marx’s theory of the working class is the prediction that “that there is an inherent tendency for the … More Was the gravedigger thesis central to Marx’s theory of the working class?