economics
Articles on economics and political economy.
Money and Crisis: Marx as Correspondent of the New York Daily Tribune, 1856-57 - Sergio Bologna
Sergio Bologna on Marx's writings on capitalism and crisis in the world recession of 1856-58.
Editorial Note: This article was written in 1973. It was a key article in developing the theoretical base of the newly emerging politics of working-class autonomy. This translation is taken from a forthcoming volume to be published by Red Notes: Selected Writings of Sergio Bologna. For further details, write to Red Notes, BP15, 2a St Paul's Road, London N1.
Some fundamental presuppositions for a materialist discussion of crisis theory - Karl Korsch
Korsch writes on crisis theory in 1933.
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Sticky fingers: KPMG and the accountancy oligopoly
Following their involvement in the bankruptcy of car parts manufacturer Visteon, John Barker examines KPMG and the murky world of the "big four" accountancy firms.
State capitalism in Britain
Despite the State being the main investor in the UK's national economy, the official rhetoric of private sector productivity is alive and well. James Heartfield takes a look at New Labour's failed strategy of privatising public services and the rise of ‘corporate welfare'
A participatory society or libertarian communism?
A debate over 'anti-capitalist vision' between the Project for a Participatory Society, proponents of Parecon, and the libcom.org group.
The debate is also available as a pdf and a print-ready pdf pamphlet.
The political economy of hybrid corn
Marxist geneticist Richard Lewontin and economist Jean-Pierre Berlan discuss the economics of and role of capital in the production of hybrid corn. This article follows their 'Technology, research, and the penetration of capital: the case of U.S. agriculture' article.
Source: Monthly Review, July-August, 1986 by Jean-Pierre Berlan, R.C. Lewontin
Technology, research, and the penetration of capital: the case of U.S. agriculture
Economist Jean-Pierre Berlan and marxist geneticist Richard Lewontin reveal the politics and economics behind 1980s US agribusiness.
Source: Monthly Review, July-August, 1986 by R.C. Lewontin, Jean-Pierre Berlan
Fictitious Capital and the New-Fangled Schemes of Public Credit
The text of talk by Marx's theory of fictitious capital, capital accumulation and the current economic crisis.
The following is a talk given by Michael Egoavil at the Left Forum 2009 panel “Marx’s ‘Capital’ and the Economic Crisis”. Michael can be reached at michaelegoavil@gmail.com. It was originally posted at http://marxisthumanistinitiative.org/2009/05/06/fictitious-capital-and-credit-schemes/
Crisis stories
Overview and comparison of different theories about the crisis - Keynesians, stagnationists, Marxists, globalisation.
crisis stories
These notes come from the reading I've done recently trying to understand the causes of the current economic crisis. There are thousands of books, essays and articles out there now, but they all work within a few basic explanations or underlying "stories". Here I outline and compare four of the main ones.
Seven theses on the present crisis - João Bernardo
A survey of the financial crisis, systemic regulation problems for global capital, the economic growth of China, India and Brazil and its relation to the investment strategies of transnational capital.
"Contrary to what happened the 1930s, the economic and financial crisis which the United States is undergoing is not a world crisis but rather the strengthening of the development opportunities of huge areas of the globe."
