It is now a full decade since the financial turmoil that heralded the beginning of the “long depression”.1 On a global scale, the recession that developed in the wake of the collapse of the Wall Street bank Lehman Brothers in… Continue Reading
A review of Joe Earle, Cahal Moran and Zach Ward-Perkins, The Econocracy: The Perils of Leaving Economics to the Experts (Manchester University Press, 2017), £9.99. Opening a new building at the London School of Economics in November 2008, the Queen… Continue Reading
A review of Joseph Choonara, A Reader’s Guide to Marx’s Capital (Bookmarks, 2017), £9.99, Fred Moseley, Money and Totality: A Macro-monetary Interpretation of Marx’s Logic in Capital and the end of the Transformation Problem (Haymarket, 2016), £24.99 and Ingo Schmidt… Continue Reading
In the previous issue of International Socialism there was an interesting and balanced review by Dave Sewell of Michael Roberts’s book The Long Depression in which Roberts argues that the global economy remains in the throes of a long depression.… Continue Reading
A review of Ben Fine, Microeconomics: A Critical Companion Pluto Press (2016), £17.50 and Ben Fine and Ourania Dimakou Macroeconomics: A Critical Companion Pluto Press (2016), £17.50 Writing in the mid-19th century, British historian Thomas Carlyle described economics as the… Continue Reading
A review of Michael Roberts, The Long Depression, Haymarket (2016), £14.99 Can the man who predicted the start of the economic crisis say how it will end? That’s the bold ambition of Michael Roberts’s book The Long Depression. It combines… Continue Reading
A review of Pavel V Maksakovsky, The Capitalist Cycle (Brill, Historical Materialism book series, 2004), Euro 59 There was a flourishing of Marxist intellectual life in the Russia of the mid-1920s that was wiped out with the final triumph of… Continue Reading
A review of Anwar Shaikh, Capitalism: Competition, Conflict, Crises (Oxford University Press, 2016), £35.99 Anwar Shaikh is one of the world’s leading economists who draws on Karl Marx and the classical economists (“political economy”, if you like). He has taught… Continue Reading
A review of Morten Jerven, Africa: Why Economists Get It Wrong (Zed Books, 2015), £14.99 Africa: Why Economists Get It Wrong provides a critical review of the recent economic history of Africa. Morton Jerven argues that, for most of the… Continue Reading
The year 2016 started pretty badly for global capitalism. In the first couple of weeks of January global share prices fell sharply—at one point they were 20 percent below the high they reached last year. Subsequently markets regained a degree… Continue Reading