• The Optimism of the Heart: Harry Magdoff (1913-2006)*

    Harry Magdoff — coeditor of Monthly Review since 1969, socialist, and one of the world’s leading economic analysts of capitalism and imperialism — died at his home in Burlington, Vermont on January 1, 2006. Harry Magdoff was born on August 21, 1913 in the Bronx, the son of working-class Russian Jewish immigrants.  His father worked […]

  • Let’s Put the Nature of Work on Labor’s Agenda: Part Six

      In the last four parts of this series, I gave many examples of the alienating and degrading nature of work in capitalist societies. Even “good” jobs, such as college teaching and nursing, have lost whatever luster they once had. Part-time teachers teach an increasing fraction of all course while struggling to make ends meet. […]

  • The Wall Street Journal Meets Karl Marx

    Many reading the Wall Street Journal on May 13, 2005, must have rubbed their eyes in disbelief, looked back and then rubbed them again. A front page story headlined “As Rich-Poor Gap Widens in the U.S., Class Mobility Stalls” informed the largely business readership of that paper that the old Benjamin Franklin-Horatio Alger myth of […]

  • Memorial Service for Paul Marlor Sweezy (1910-2004)

    Referred to by The Wall Street Journal in 1972 as “the ‘dean’ of radical economists,” Paul M. Sweezy was, in the words of John Kenneth Galbraith, “the most noted American Marxist scholar” of the second half of the twentieth century.1 Sweezy’s intellectual influence, which was global in its reach, lay chiefly in two areas: as a leading radical economist (and sociologist), and as the principal originator of a distinct North American brand of socialist thought in his position as co-founder and co-editor of Monthly Review magazine. Like both Marx and Schumpeter, to whose thought his work was closely related, Sweezy provided a historical analysis and crtique of capitalist economic development, encompassing a theory of the origins, development and eventual decline of the system.