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/more
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: 

New centres of capital

Author: 

Rhodri Evans

As of 2014, “developing Asia” — China, Singapore, South Korea, Malaysia, Taiwan, and other countries — became a bigger exporter of foreign direct investment than North America (the US and Canada) or the whole of Europe.

The United Nations agency which monitors such things, UNCTAD, reports that “developing economies” produced 36% of all foreign direct investment in 2014, up from less than 10% as recently as 2003 (UNCTAD World Investment Report 2015).

As of 2014, “developing Asia” — China, Singapore, South Korea, Malaysia, Taiwan, and other countries — became a bigger exporter of foreign direct investment than North America (the US and Canada) or the whole of Europe.

Around the world: 

Marxist Theory and History: 

Publications: 

Marxism At Work: Shift Work Explained

Our bodies have evolved so that we're awake by day and asleep at night. The brain’s ‘circadian clock’ monitors light levels and releases a chemical, melatonin, to prompt us to sleep when it’s dark; it releases other chemicals that keep us awake during the day.

Marxist Theory and History: 

Trade Unions: 

Publications: 

The hinterland of the contemporary left

Author: 

Pat Yarker

This book presents six occasional essays in which the American novelist Benjamin Kunkel gives an account of recent work by contemporary thinkers of the left.

A review of Utopia or Bust: A Guide to the Present Crisis by Benjamin Kunkel. (Verso 2014).

Culture and Reviews: 

Marxist Theory and History: 

Publications: 

The hegemony of neoliberalism

Author: 

Martin Thomas

Philip Mirowski addresses the left, very broadly defined — “people who have taken it as a fundamental premise that current market structures can and should be subordinate to political projects for human improvement” — but with “a simple message: Know Your Enemy before you start daydreaming of a better world”.

He dismisses most already-circulating “better world” schemes as helpless against the dominance of neoliberalism.

A review of Never let a serious crisis go to waste: how neoliberalism survived the financial meltdown by Philip Mirowski (Verso, 2013).

Culture and Reviews: 

Marxist Theory and History: 

Publications: 

A workers’ government will seize the banks

Author: 

Martin Thomas

It wasn’t the stars, or geology. It wasn’t ocean currents, or the weather. The world economy was brought crashing down in 2008 by the particular way we have allowed it to be organised.

It was brought down by being organised around the priority of maximum competitive greed and gain of a small exploiting minority.

From the early 1980s to 2008, world capitalism became more and more governed by the drive for quick, fluid gains, measured and coordinated through an increasingly complex and fast-flowing system of world financial markets.

From the early 1980s to 2008, world capitalism became more and more governed by the drive for quick, fluid gains, measured and coordinated through an increasingly complex and fast-flowing system of world financial markets.

Issues and Campaigns: 

Marxist Theory and History: 

Publications: 

Orthodox economists think Osborne is wrong

Author: 

Martin Thomas

The Centre for Macroeconomics asked professional economists - almost all orthodox, mainstream people - whether "the austerity policies of the coalition government have had a positive effect on employment and GDP in the UK?".

This was the result:

economist judgement on Osborne

Ignoring those who sat on the fence, 19% thought the policies had had a positive effect, and 81% disagreed.

In a survey of economic experts, almost all very orthodox, 81% said clearly that Osborne's cuts have not helped growth or employment.

Marxist Theory and History: 

Basic Income: a get-rich-quick scheme?

Author: 

Kieran Miles

The Universal Basic Income, or UBI, has become a popular demand on the left, but even among some right-wingers as well.

UBI is a proposal for the state to give everyone a set amount of money, irrespective of where you live and your employment status.

Universal Basic Income is a proposal for the state to give everyone a set amount of money, irrespective of where you live and your employment status.

Marxist Theory and History: 

The AWL, Labour and the Left: 

Publications: 

Pages