Subjects Archives: Political Economy

Andrew Elrod joins Money on the Left to discuss the political economy of inflation and price controls, past and present. Elrod holds a Ph.D. in History from the University of California, Santa Barbara and is presently Research Specialist at United Teachers Los Angeles, a 36,000-member labor union. In our conversation, Elrod overturns one of the […]

We are delighted to announce the online Spanish translations of pamphlets/ manifestos published by Daraja Press and Monthly Review Essays. These pamphlets are parts of the series, Moving Beyond Capitalism – Now! and Thinking Freedom.

On Jan. 24, stocks were falling, with the S&P 500 Index down 3.8%, the Dow Industrial Average down 2.7% and the Nasdaq Composite down 4.5%. The widespread sell-off for the Dow and the S&P 500 started on the second trading day in January; and for the Nasdaq in November. The Nasdaq is down nearly 20% from its high in November.

The International Monetary Fund (IMF) has expressed dissatisfaction over the role played by Nepal Rastra Bank to ensure stability of Nepal’s banking sector.

Why do foolhardy spoilers insist on causing embarrassment? Why must out-of-step fools upset well-steered apple-carts? Why did German vice-admiral Kay-Achim Schönbach open his big mouth on Saturday in far-off Mumbai—and spill so many beans? Many or most U.S. media overlooked it—that is, buried it. Or emasculated it. In Germany they couldn’t fully ignore it—though unpleasant […]

The city of Xian’s geothermal district heating in Shaanxi Province China serves as an example of the country’s decarbonization plans.

Platform power is often traced to markets, implying anti-trust action. The source, and the solution, lie elsewhere.

KUALA LUMPUR: Many factors frustrate the international cooperation needed to address the looming global warming catastrophe. As most rich nations have largely abdicated responsibility, developing countries need to think and act innovatively and cooperatively to better advance the South.

China is leading an international effort to develop alliances to counter U.S. hegemony.

Capitalism jeopardizes the survival of humanity on earth. It reduces the price of the labour of reproducing labour power when it cannot make women do it for free within the family. How can we overcome it while putting the defence of life at the centre of our concerns?

Lenin’s theory of socialism directly derives from the views of Marx and Engels, and it is manifest in his famous work, ‘The State and Revolution.’

Columbia’s student workers delivered an invaluable lesson—one day longer, one day stronger—that you don’t have to have to go to graduate school to understand.

There appears to be growing consensus among economists and policy makers that inflation is now the main threat to the U.S. economy and the Federal Reserve Board needs to start ratcheting up interest rates to slow down economic activity.

We can trace the development of Marx’s critique through a variety of texts—many of them now quite famous, even if they are rarely mentioned or discussed within economics. There, we can see Marx’s ideas developing and changing, until he began to work on his critique of political economy, finally presented in Capital.

The Canadian Zionist Cultural Association (CZCA) was caught supporting a foreign military in violation of charity law. But it’s unclear if the Canada Revenue Agency (CRA) will apply its rules to the Israel focused registered charity.

They speak about the creation of the social economy, the experience of Chavismo in Venezuela, and the differing goals of some cooperatives and traditional trade unions. Lebowitz highlights the importance of self-actualization through protagonism and how the most successful of these models focused on solidarity over self-interest.

The Need for Transparency and Accountability

One of the most important arguments advanced by John Maynard Keynes, the renowned economist, was that the operation of financial markets under capitalism is deeply flawed.

In October 2021, the United Nations Development Programme (UNDP) released a report that received barely any attention: ‘the Global Multidimensional Poverty Index 2021’, notably subtitled Unmasking disparities by ethnicity, caste, and gender.

Smith begins with Friedrich Pollock’s definition of automation as a ‘technique of industrial production [in which] the machines are “controlled” by machines’, and shows that this trend of automation, while increasing labor productivity in the industrial and manufacturing sector, is also the reason for a lack of automation in the service sector.