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Economics

Uncertain future: workers in the pandemic

Posted on 21st December 2021 by Richard Donnelly

Production is the essential condition for any functioning human society, and collective human labour the foundation of production.1 These basic facts are typically buried under an overgrowth of ideology but the Covid-19 pandemic has helped to strip this back, placing… Continue Reading →

Uncategorised British working class, coronavirus, Economics, global working class

The debt system

Posted on 26th July 2021 by Richard Donnelly

A review of The Debt System: A History of Sovereign Debts and their Repudiation, Éric Toussaint (Haymarket, 2019), £14.99 Even before the global shutdown caused by the coronavirus pandemic, the World Bank was warning that a new international debt crisis… Continue Reading →

Uncategorised Debt, development, Economics, Globalisation

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

Posted on 26th July 2021 by Richard Donnelly

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

Beating the bond vigilantes

Posted on 15th April 2020 by Richard Donnelly

A review of Grace Blakeley, Stolen: How to Save the World from Financialisation Grace Blakeley (Repeater, 2017), £10.99. Stolen is a very comprehensive and readable account of the roots of financialisation in the 1970s crisis, which ended the “golden age”… Continue Reading →

Book reviews Economics, finance, Keynesianism, neoliberalism

Socialism in a time of pandemics

Posted on 22nd March 2020 by Richard Donnelly

It is tempting to see pandemics as unpredictable, cataclysmic incursions of nature into human society.1 Yet the outbreak of Coronavirus Disease 2019 (Covid-19) is anything but a “natural” phenomenon. Epidemics and pandemics happen in a social, political and economic context,… Continue Reading →

Analysis Agriculture, coronavirus, Ecology, Economics, Health, health and social care, The Economic Crisis

Michael Kidron’s Marxism

Posted on 10th January 2020 by Richard Donnelly

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 Richard Donnelly

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

Living for the city

Posted on 17th October 2019 by Richard Donnelly

A review of Geoff Mann, In The Long Run We Are All Dead: Keynesianism, Political Economy and Revolution (Verso, 2019), £14.99 Geoff Mann’s (sympathetic) critique of John Maynard Keynes—“the most ­influential economist of the 20th Century”—is worth reading for two… Continue Reading →

Book reviews Economics, Keynesianism

German workers get that sinking feeling

Posted on 1st July 2019 by Camilla

A review of Oliver Nachtwey, Germany’s Hidden Crisis: Social Decline in the Heart of Europe (Verso, 2018), £16.99 Oliver Nachtwey’s book sets out to examine the truth of the central ­ideological myths of the German economy. First, that Germany is… Continue Reading →

Book reviews Economics, Germany

Dollar, debt and the end of the American dream

Posted on 1st July 2019 by Camilla

A review of Adam Tooze, Crashed: How a Decade of Financial Crises Changed the World (Penguin, 2019), £12.99 I won’t say kowtow…but at least be nice to the countries that lend you money—Gao Xiqing, Head of the Chinese Sovereign Wealth… Continue Reading →

Book reviews Economics

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