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Subjects Archives: Economic Theory

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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Facing the ecosocial crisis: Is a socialist planning of the economy feasible?

The current ecological and social crisis, a crisis which has seen its effects increased by a public health emergency caused by the COVID-19 pandemic, is a crisis which raises serious concerns over environmental sustainability and social polarization and which has a fundamental cause: the blind logic pursued by our economy system, where everything is secondary […]

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#Unis4all: An Open Letter to the U.S. Higher Education Community

Universities can immediately bypass feckless state & federal legislatures & finance themselves directly with “Unis” supported by the Federal Reserve For a growing majority of outspoken administrators and faculty, the economic fallout associated with the Covid-19 crisis threatens to catapult U. S. higher education into a draconian age of austerity, layoffs, and closures. The question, […]

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Chart of the day

Chart of the day

A new report from the Institute for Policy Studies, “Billionaire Bonanza 2020: Wealth Windfalls, Tumbling Taxes, and Pandemic Profiteers,” reveals that the wealth of U.S. billionaires is indeed staying at home.

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