Subjects Archives: Political Economy

The money that has been, and still gets invested in them is wasted. It can not be justified by the potential returns.

The supposed “slum free Mumbai” policy is premised on tearing down the actually existing affordable housing in the city to create land for building unaffordable housing.

Elon Musk’s SpaceX and Palmer Luckey’s Anduril do billions of dollars of business with the Pentagon. Now, the Pentagon has given the two billionaires the job of telling it what to buy.

As the Tax Foundation correctly points out, total national income is not made up just of profits and wages received but also from depreciation.  Depreciation is the amount of national income that companies must take into account as investment to replace obsolete and used up machinery, plant and tech etc i.e. not investment in new means of production.

Monthly Review will continue to address the structural crises of capitalism and humanity’s necessary struggle for a socialist world order. But to do so, we need your help.

“Insane that we allow this,” one journalist said of the rapidly advancing technology. “Sleepwalking into disaster or worse.”

The warning signs of the coming crash keep multiplying.

Trillions of dollars are pouring into artificial intelligence.

What is Social Reproduction Theory? It is a Marxist feminist term which covers how capitalism depends on unpaid care in the home for the ongoing reproduction of human life and labour.

Digital capitalism is merely a new form of exploitation that has become widespread by spilling out of the company itself to encompass the mass of its users or customers.

The Bretton Woods system institutionalized the U.S. dollar as a global reserve currency, with the U.S. pledging to buy and sell gold from foreign governments and central banks at a fixed price of $35 per ounce of gold.

We speak with John T. Harvey about a new article he co-wrote with Billy Saas titled, “A Rhetorical History of Modern Money Theory,” out this month in the September 2026 issue of the Journal of Economic Issues. Harvey is Hal Wright Professor of Economics at Texas Christian University. We discuss his recent publication in the context of his broader career in heterodox economics.

For the Global South, development cannot be achieved by imitating the capitalist West; it requires breaking imperialist dependency through the defence of sovereignty, socialist planning, and the transformation of social relations.

“Capitalism can’t be fixed, billionaires shouldn’t exist” was among the chants taken up by more than 2,000 protesters who marched on Mark Carney’s CEO Summit Monday night.

Most free trade advocates falsely claim comparative advantage ensures developmental gains for all from trade liberalisation. But even mainstream theory doesn’t promise partial liberalisation is better.

The first GDP estimate for India was made by Dadabhai Naoroji for the year 1867-68, though his estimate was extremely rough.

The UK government has firmly rejected this Monday Jamaica’s demand for financial reparations for its role in the transatlantic slave trade, as a Jamaican delegation formally requested £10 billion in compensation from King Charles III.

A closer look at costs and benefits.

If and when inflation subsides, so will bond yields.

Western media mostly ignore the issue. It only comes up when it is needed to interfere in favor of this or that faction within Ukraine.