economics

Stone age economics - Marshall Sahlins

Stone Age Economics

Ambitiously tackling the nature of economic life and how to study it comparatively, Stone Age Economics includes six studies which reflect the author's ideas on revising traditional views of the hunter-gatherer and so-called primitive societies, revealing them to be the original affluent society.

The book examines notions of production, distribution and exchange in early communities and examines the link between economics and cultural and social factors. It consists of a set of detailed and closely related studies of tribal economies, of domestic production for livelihood, and of the submission of domestic production to the material and political demands of society at large.

The Intergovernmental Panel on Climate Change and its latest report

The latest Intergovernmental Panel on Climate Change report came out on Monday. This post includes some background on the IPCC, and discussion of the report.

The IPCC - background and history

An angry person's guide to finance - Jack Copley

A layperson's guide to the complex and frustrating financial world - from a Marxist perspective.

The crisis, quantitative easing and class war - Shawn Hattingh

This article looks at how quantitative easing (QE) has been part of the bailouts for financial corporations by states during the crisis, and how its tapering is likely to impact on the working class in Brazil, South Africa, Turkey etc. In doing so it traces aspects of class war and imperialism that have been heightened during the crisis and how these link up to the tapering of QE.

Since 2009 the US state has been undertaking Quantitative Easing (QE), which has involved the US state creating $ 85 billion a month, effectively electronically printing money out of thin air, and linking this to the “purchasing” of paper assets like US government bonds and also more importantly mortgaged backed securities from banks, hedge funds, private equity firms, and asset management compani

Karl Marx: Early Writings

Karl Marx: Early Writings

A collection of Marx's writings from 1843-1844. Arguably most notable among the writings is his Economic and Philosophical Manuscripts, though the collection contains other works such as On the Jewish Question.

The euro crisis: taking the PIGS to market

Aufheben's account and analysis of the euro crisis.

The crisis of abstract labor is the crisis of capitalism - Norbert Trenkle

Norbert Trenkle of the Krisis Group discusses the crisis of abstract labor in which “capitalism now only functions as a gigantic machine for exclusion and marginalization”, characterized by overaccumulation, the resort to fictitious capital in order to valorize capital and “the total diffusion of abstract labor throughout all of life”, resulting in “the brutalization of individual competition, the exacerbation of sexist and racist violence, the spread of nationalist and ethnic identity politics and the growth of religious sects and mafia gangs”, phenomena that “constitute extensions of the dominant, exclusionary and destructive effects of capitalist logic under crisis conditions”.

The Crisis of Abstract Labor Is the Crisis of Capitalism – Norbert Trenkle (Krisis Group) 1

  • 1. The author is a member of the editorial committee of the journal Krisis, a review devoted to critical theory that has been published since 1986. Other texts from Krisis in various languages may be found at: www.krisis.org.

On cooperation - Paul Delesalle

An article by the French anarchosyndicalist Paul Delesalle in which the author points out some of the shortcomings of cooperatives from a revolutionary point of view.

On Cooperation – Paul Delesalle

There is nothing more simple than the fact that some individuals in today’s society have formed organizations to buy articles of consumption in common and then to distribute them to their members; but I do not see this as any reason to put very great hopes in this development.

The anti-capitalist revolution in the west - Amadeo Bordiga

In this concise1953 programmatic text presented at the Genoa Meeting of the International Communist Party, Amadeo Bordiga sets forth a series of theses outlining the perspectives for revolution in the post-war world, and emphasizes that it will have to take place in the West, because of its more advanced capitalism, rather than in the less developed capitalism of Russia, based on Marx’s theory of the increasing productivity of labor and the falling rate of profit, and refers to the absence of a “communist party in the U.S. [with] an integral revolutionary program”, despite the maturity of the objective conditions there, as a “major historical problem”.

The Anti-capitalist Revolution in the West – Amadeo Bordiga

1

An interview with Abel Paz - Miguel Riera, El Viejo Topo (2001)

An interview on the Spanish civil war and revolution conducted in 2001 with Abel Paz, former militant of the CNT, resistance fighter and the author of Durruti: The People Armed, in which he discusses, among other things, the collectives, the Moroccan question and technical innovation under self-management in industry under wartime conditions.

An Interview with Abel Paz – Miguel Riera, El Viejo Topo (2001)

Miguel Riera for El Viejo Topo (VT): Almost no one knows or believes that there was a revolution in Spain. Was there?