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Economics

Orthodox economics: The dismal future?

Posted on 5th April 2017 by Camilla

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 →

Book reviews Economics

System of a down

Posted on 5th April 2017 by Camilla

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 →

Book reviews Economics

Booms, slumps and theory

Posted on 10th January 2017 by Camilla

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 →

Book reviews Economics

Real capitalism: turbulent and antagonistic, but not imperfect

Posted on 7th October 2016 by Camilla

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 →

Book reviews Economics

Questioning failed growth in Africa

Posted on 4th April 2016 by Camilla

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 →

Book reviews Africa, Economics

Intimations of mortality

Posted on 22nd March 2016 by Camilla

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 →

Analysis Economics, European Union

Radical economics, Marxist economics and Marx’s economics

Posted on 6th January 2016 by Camilla

The major global crises of the mid-1970s and 2008-9 provoked debates among the ruling class about the best economic policies to manage capitalism. For socialists and activists the question was different, and debates about whether and to what extent capitalism… Continue Reading →

Article Economics, Keynes

The global crawl continues

Posted on 24th June 2015 by Camilla

In my last article for International Socialism 18 months ago I argued that the Great Recession of 2008-9 that devastated the world capitalist economy had not been followed by a recovery in investment and output in the “normal” way, as… Continue Reading →

Article Economics, The Economic Crisis

Financial times

Posted on 2nd April 2014 by ISJ

A review of Costas Lapavitsas, Profiting Without Producing: How Finance Exploits Us All (Verso, 2013), £20 In the substantial body of Marxist literature emerging in the wake of the economic crisis that began in 2007-8, two broad positions have been… Continue Reading →

Analysis Economics, The Economic Crisis

From global slump to long depression

Posted on 7th October 2013 by ISJ

It is now six years since the first rumblings of the earthquake that was the global financial crash and the Great Recession. On 9 August 2007 BNP Paribas announced that it was closing down two of its funds of US… Continue Reading →

Analysis Economics, The Economic Crisis

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