Economics

Marxist economists analyse the crisis

Financial crisis

Author: 

Costas Lapavitsas/Leo Panitch/Fred Moseley/Michel Husson/Andrew Kliman/David Laibman/Simon Mohun/Trevor Evans/Robert Brenner

Antecedents and sequels of the crisis: discussion notes by Martin Thomas on the first two "rounds", November 2010.
December 2008 onwards: second comments, and some new contributors
1. Michel Husson: The Crisis of Neo-Liberal Capitalism
Andrew Kliman and David Laibman are new contributors, and Michel Husson, Fred Moseley, Leo Panitch, and Costas Lapavitsas present second thoughts, in a symposium also including Simon Mohun, Trevor Evans, Robert Brenner, and Dick Bryan.

Marxist Theory and History: 

Fair trade, free trade, and socialism

Author: 

Paul Hampton

Trade is a vital part of the neoliberal economic, political and ideological regime that now dominates the world economy and most national states.

In this pamphlet we try to grasp the essential features of the world economy, especially relating to trade issues.

Issues and Campaigns: 

Marxist Theory and History: 

Publications: 

Black slavery in North America

Author: 

George Novack

History is rich in examples of the revival of institutions appropriate to more primitive civilizations in advanced societies. Mankind is infinitely ingenious in adapting old cultural forms to new uses under the changed conditions of a new social order. Like a thrifty housewife, humanity hesitates to discard familiar acquisitions, however outmoded; it prefers to store them in attics or cellars in the hope of finding a use for them in the future. The history of economics, no less than the history of philosophy, religion, and politics, shows that such expectations are often realized.

History is rich in examples of the revival of institutions appropriate to more primitive civilizations in advanced societies - old cultural forms adapted to new uses under a new social order. Chattel slavery in America is a striking case in point.

Marxist Theory and History: 

Around the world: 

Negro Slavery in North America

Author: 

George Novack

History is rich in examples of the revival of institutions appropriate to more primitive civilizations in advanced societies. Mankind is infinitely ingenious in adapting old cultural forms to new uses under the changed conditions of a new social order. Like a thrifty housewife, humanity hesitates to discard familiar acquisitions, however outmoded; it prefers to store them in attics or cellars in the hope of finding a use for them in the future. The history of economics, no less than the history of philosophy, religion, and politics, shows that such expectations are often realized.

History is rich in examples of the revival of institutions appropriate to more primitive civilizations in advanced societies - old cultural forms adapted to new uses under a new social order. Chattel slavery in America is a striking case in point.

Marxist Theory and History: 

Around the world: 

Negro Slavery in North America

Author: 

George Novack

History is rich in examples of the revival of institutions appropriate to more primitive civilizations in advanced societies. Mankind is infinitely ingenious in adapting old cultural forms to new uses under the changed conditions of a new social order. Like a thrifty housewife, humanity hesitates to discard familiar acquisitions, however outmoded; it prefers to store them in attics or cellars in the hope of finding a use for them in the future. The history of economics, no less than the history of philosophy, religion, and politics, shows that such expectations are often realized.

History is rich in examples of the revival of institutions appropriate to more primitive civilizations in advanced societies - old cultural forms adapted to new uses under a new social order. Chattel slavery in America is a striking case in point.

Marxist Theory and History: 

Around the world: 

US courts strangle Argentina

On 29 June, Argentina went into technical default on its foreign debt. 30 days “grace” expires on 29 July. Either the Argentine government fixes a deal before then, or the default goes into full force.

This drama is the outcome of 13 years’ legal wranglings since Argentina defaulted on its debt in 2001. Then, as usually happens in such cases, the Argentine government negotiated a deal with the bondholders to pay them off at a reduced rate.

On 29 June, Argentina went into technical default on its foreign debt. 30 days “grace” expires on 29 July. Either the Argentine government fixes a deal before then, or the default goes into full force.

Around the world: 

Marxist Theory and History: 

Publications: 

Kool-Aid or truth?

Since 23 May, debate has raged among economists about an attempt by journalists on the Financial Times to refute the claim by Thomas Piketty, in his best-seller Capital in the 21st Century, that wealth inequality is rising and likely to continue to rise in the USA and Europe.

Since 23 May, debate has raged among economists about an attempt by journalists on the Financial Times to refute the claim by Thomas Piketty, in his best-seller Capital in the 21st Century, that wealth inequality is rising and likely to continue to rise in the USA and Europe.

Most economists, even quite conservative ones, reckon that Piketty has come best out of the row.

Issues and Campaigns: 

Culture and Reviews: 

Marxist Theory and History: 

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Hegemony is not in the DNA

The main theses of Leo Panitch’s and Sam Gindin’s book The Making of Global Capitalism: The Political Economy of American Empire, an important new book which Paul Hampton reviewed recently in Solidarity, are restatements of what the authors have argued in many articles. They are, I think, plain fact and important fact.

The forty-odd years of turbulence since the end in the early 1970s of the 1950s-60s “golden age” of West European, Japanese, and American capitalism have not brought a relative decline of the USA and a rise of inter-imperialist rivalries.

The forty-odd years since the end in the early 1970s of the “golden age” of West European, Japanese, and American capitalism have not brought a relative decline of the USA and a rise of inter-imperialist rivalries.

Marxist Theory and History: 

Culture and Reviews: 

Publications: 

Around the world: 

Issues and Campaigns: 

The Making of Global Capitalism: The Political Economy of American Empire

A review of The Making of Global Capitalism: The Political Economy of American Empire by Leo Panitch and Sam Gindin.

The Making of Global Capitalism: The Political Economy of American Empire by Leo Panitch and Sam Gindin is one of the best Marxist analyses of the modern epoch published in a long time. The book (Panitch and Gindin 2012: vii) is devoted to understanding “how it came to be that the American state developed the interest and capacity to superintend the making of global capitalism”.

Issues and Campaigns: 

Culture and Reviews: 

Marxist Theory and History: 

Publications: 

Clash in the Socialist Party

As the Socialist Workers Party (SWP) moves towards its December conference with hot dispute between its Central Committee and a large opposition faction, the Socialist Party (SP) is also immersed in conflict.

The SWP dispute originates with discontent over the handling by the leadership of charges by SWP women members of sexual harassment and rape.

As the Socialist Workers Party moves towards its December conference with hot dispute between its Central Committee and a large opposition faction, the Socialist Party is also immersed in conflict.

Marxist Theory and History: 

The AWL, Labour and the Left: 

Publications: 

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