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political economy

The ebb and flow of Britain’s strike wave

Posted on 11th October 2023 by International Socialism

The Conservative administration of Rishi Sunak, the fourth Tory prime minister in as many years, appeared to be limping into oblivion as our autumn issue went to press.1 A piece by the chief political commentator at the Financial Times compares… Continue Reading →

Analysis Labour Party, political economy, Strikes

Kidron on Pearson on private foreign investment: debunking the myths

Posted on 10th July 2023 by International Socialism

Editor’s introduction I was going to open by writing that Michael Kidron (1930-2003) is best known as a Marxist economist, a leading theoretician of the International Socialist (IS) tradition and the foremost developer of the theory of the permanent arms… Continue Reading →

Archive Economics, global south, Michael Kidron, political economy

The monetary and the military: revisiting Kidron’s permanent arms economy

Posted on 26th July 2021 by International Socialism

Marxist political economy has a two-fold interest in the economics of defence.1 On the one hand, Marxism has proposed explanations for the extent and scope of defence spending in contemporary capitalism, drawing on theories of imperialism.2 On the other hand,… Continue Reading →

Uncategorised Economics, Michael Kidron, political economy

Pandemic economics

Posted on 13th July 2020 by International Socialism

Around 2.7 billion workers worldwide have been affected by full or partial lockdown measures to combat the coronavirus pandemic—around 81 percent of the world’s 3.3 billion workforce. The world economy has seen nothing like this. Nearly all economic forecasts for… Continue Reading →

Article coronavirus, Long depression, political economy, The Economic Crisis

Michael Kidron’s Marxism

Posted on 10th January 2020 by International Socialism

A new edition of Capitalism and Theory (Haymarket, 2018) has made a ­selection of writings by Michael Kidron available to a new audience in print for the first time in decades. Kidron was a founder and important early theorist of… Continue Reading →

Article Economics, Michael Kidron, political economy

Chris Harman and the critique of political economy

Posted on 10th January 2020 by International Socialism

Chris Harman died suddenly on the night of 6-7 November 2009, on the eve of his 67th birthday. He had been serving his third stint as editor of International Socialism. I took over editing this journal after Chris’s death. Ten… Continue Reading →

Article Chris Harman, Economics, political economy

Modern capitalism

Posted on 18th April 2019 by Camilla

Introduction, by Alex Callinicos This is the transcript of a talk given by Michael Kidron and of the discussion that followed on Tuesday 5 July 1977, the first of two sessions (the second was called “The Crisis”) that he gave… Continue Reading →

Article Michael Kidron, political economy

Modern capitalism full transcript

Posted on 5th March 2019 by Camilla

Introduction, by John Rudge Mike Kidron (1930-2003) was a towering figure in the history of the International Socialist tradition.1 When Mike died in 2003, Alex Callinicos wrote that he “made an enormous contribution to the Socialist Workers Party’s development during… Continue Reading →

Online only Michael Kidron, political economy

An irrational system

Posted on 18th October 2018 by Camilla

A review of David Harvey, Marx, Capital and the Madness of Economic Reason (Profile Books, 2017), £14.99 In Marx, Capital and the Madness of Economic Reason, David Harvey uses his extensive knowledge of Karl Marx’s writings to review the sad… Continue Reading →

Book reviews Capital, political economy

The political economy of a long depression

Posted on 15th April 2018 by Camilla

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 →

Article Economics, political economy

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