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Subjects Archives: Economic Theory

I’ve just signed a contract with Polity Press to write a new book, “Marxian Economics: An Introduction.” The idea is to publish it in late 2021 or early 2022. - David F. Ruccio (Photo: [ht: adm])

Contemporary relevance of Marxian economics

My goal is to write a textbook that can fulfill two purposes: first, a stand-alone book for courses that are focused on Marxian economics or survey courses that have a section devoted to Marxian economics; second, it will also be useful as a companion text in a course that is based on reading all of […]

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Chart of the Day - Sep. 3

Chart of the day

The number of continued claims for unemployment compensation, while below its peak, rose from the previous week and was more than 29 million American workers—a figure that includes workers receiving Pandemic Unemployment Assistance.

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If humanity is to have any future at all

If humanity is to have any future at all

The history of capitalism as a world system is punctuated by struggles for world hegemony between declining hegemonic powers and rising states, usually leading to world wars. We are now in such a period, which had been building for some time under Obama and is now being pursued much more openly and belligerently under Trump.

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Trump & Xi, with flags

China & U.S. power

Can China do much to fight back against the power wielded by the U.S. in the world economy? At first sight, that looks unlikely. China is big, but world trade is conducted in dollars, and the U.S. has economic, political and military influence across the globe.

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Emancipation and science: Ernest Mandel 25 years later

Emancipation and science: Ernest Mandel 25 years later

This year marks 25 years since Ernest Mandel died. Mandel (5 April 1923–20 July 1995) was one of the most significant Marxist economists of the second half of the twentieth century. In 1982, he was central to founding our Institute. A prolific scholar and activist until the end of his life, Mandel wrote dozens of […]

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The problem of external debt

There is a massive problem of external debt building up for the third world, of which the recent Argentine debt crisis was only one manifestation. At the root of the problem is the collapse of primary commodity prices in the world market which began in April 2011.

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Glasgow Times Glasgow's Banksy slams Black Friday consumerism in West End mural ...

A consumer economy?

Richard Heinberg is a very important scholar and an apparently lovely human being. His books are always penetrating, and both his contribution to and his review of Michael Moore’s corporate-green-censored movie, Planet of the Humans, demonstrate his continuing efforts to speak crucially unheard truths.

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