economics

The market - John O'Neill

John O'Neill draws on considerable research in this area to provide an overdue critical evaluation of the limits of the market, and future prospects for non-market socialism.

Two typical theories of money - A.P. Hazell

A.P. Hazell Marx money

The quantity theory of money from the Marxist standpoint. This article deals with Locke and Mill. It appeared in the Journal of Political Economy, Vol. 7, No. 1 (December 1898), pp. 78–85.

Bitcoin: Finally, fair money?

Bitcoins

Bitcoin is a decentralised digital currency, functioning without a central bank. But does it actually differ from "real" money, and can it help positive social change?

Black Flag 236 (2014)

This issue of Black Flag, which came out after a hiatus in 2013 in which no magazine was produced at all, began a period of annual publishing. Among the key articles was a cover story reflecting on the sometimes difficult organising of that year's AFem 2014 conference, a prescient analysis of Osborne's failed austerity programme, and a still-relevant analysis of the ways in which protest policing have dovetailed with the slow course of justice to both deny campaigners their rights and leave people in legal limbo for years at a time.

Marx's dialectic - Paul Mattick Jr.

Paul Mattick Jr.'s conspectus of Marx's dialectic in relation to Hegel's dialectic and Logic. Mattick argues against such Marxists as Lenin that Hegel's Logic is imperative to an understanding of Marx's logic in Capital.

Marx: a radical critique - Alan Carter

Alan Carter's libertarian communist critique of Marxism as an ideology developed by a rising "managerial-technical" class that would replace the bourgeoisie as a new ruling class without altering in any fundamental way the exploitation of the proletariat. Carter attacks historical materialism, Marxist economics, Marxist sociology, Marx's theory of the state, and Marxist-Leninist politics (which he identifies as the form of politics advocated by Marx himself).

Australia you’re standing in it part 2: debt and social reproduction

An attempt to think through the connections between state debt, social reproduction and class struggle in Australia

Global market failure and the necessity for a new world

Globalisation creates externalities of planetary scale that bring with them systemic breakdown. A new world world free of externalities requires economic democracy federated to the global level.

What happened to the economic recovery in the West? The case of the UK

Did the crisis mark the beginning of a new down-swing in capitalist development? If not, why was the economic recovery so slow?

The case against economic calculation - Adam Buick

Randall Park, once the world's largest mall from Black Friday by Seph Lawless

Talk by Adam Buick for the Socialist Party on 27 September 2015 in London. The Economic Calculation Argument is a classic argument against the possibility of socialism put by defenders of free-market, private-enterprise capitalism. It was set out in a particularly clear and concise form in an article in 1920 “Economic Calculation in the Socialist Commonwealth” by Ludwig Von Mises, an Austrian member of, appropriately enough, the Austrian School of Economics and translated into English in 1935.