economics

Responses to Marx's Capital: from Rudolf Hilferding to Isaak Illich Rubin

Collection of primary sources dealing with the reception of the economic works of Karl Marx from the 1st to the 3rd International. The documents, translated for the first time from German and Russian, range from the original reviews of Capitals 1 to 3 and Theories of Surplus Value, to debates between Marxist economists and the bourgeois academic representatives of the theory of marginal utility and the German historical school.

The “Economic Calculation” controversy: unravelling of a myth

Inequality illustration from FightInequality.org based on photo from Kenya

Originally published in Common Voice Issue 3 (2005).
The “economic calculation argument” (ECA) is principally linked with the Austrian economist, Ludwig von Mises, who wrote a seminal tract (“Economic Calculation in the Socialist Commonwealth”) in 1920, purporting to show that socialism was not a realisable system.

The Coining of "Privatisation" and Germany's National Socialist Party- Germa Bel

A history of the term privatisation and its relationship to Nazi economic policy.

Conversation with a hairdresser’s assistant - Wilhelm Reich (1935)

In the 1930s Wilhelm Reich developed the theory that it was possible to explain the basic concepts of Marxian economics without employing complicated terms and arguments. As an example of his attempt at this, an article he wrote in 1935 under the pseudonym of 'Ernst Parell' for the 'Zeitschrift für politische Psychologie und Sexualökonomie' (vol.2, No.1), published in exile in Denmark.

Communism has not yet begun - Claude Bitot

Karl Marx

First published in 1995 in France: Section One, “The Historical Balance Sheet” includes chapters on: communist movements throughout history; Marx and Engels and communism; “Real” vs. “Formal” domination of capital and the importance of this distinction for understanding the failure of the old workers movements (capitalism was not “obsolete” prior to 1945). Section Two, “Perspectives”, contains an extensive discussion of: the economic roots of capitalism’s current crisis (the “final stage of its cycle”); the communist revolution; and socialism.

Accumulatie en crisis - Sam de Wolff

Sam de Wolff

3 part article-series criticising both Tugan-Baranowsky and Luxemburg. Source: De Nieuwe Tijd, 20 (1915): 1–22; 353–72; 469–80.

Don't Vote - Prepare the Resistance

For years the world capitalist system has been in economic crisis. No matter what policies various governments have tried (from increased spending, to privatisation and letting the banks speculate on anything and everything) this crisis has not gone away. It got worse in 2007-8 when the speculative bubble fuelled by the banks burst. We have been paying the consequences ever since. Despite talk of a recent recovery, real incomes of the majority have continued to fall.

Abstract labour and value in Marx’s system - Isaak Illich Rubin

An English translation of a lecture given at a meeting of the General Economics Section of the Institute for Economics, Moscow, by I.I. Rubin in May and June 1927. First published in 'Pod Znamenem Marksizma', 1927; source: 'Capital and Class' #5, Summer 1978; translated: by Kathleen Gilbert; transcribed: by Andrew Chitty.

Qualifizierte Arbeit und Kapitalismus - Hanns Deutsch

Werttheorie und Entwicklungstendenzen. pp. 102. Wien, Stern, 1904.

Against the mainstream: Nazi privatization in 1930s Germany

An article about the wave of privatisations carried out by the Nazi party in the 1930s.