Tag Archives: Marxism

What is Political Economy? It is Essentially a Historical Science

In December 1867 a German positivist philosopher and economist Eugen Dührings published a critical review of Karl Marx’s Capital. Dühring, inter alia, disapproved the Marxist labour theory of value and asserted, based on his own concept of “ethics of sympathy”, that a dichotomy between … Continue reading

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Back to the Future: Authoritarian Neoliberal Regime versus Democratic Social State

The destiny of the 20th century, especially after the WWII, has been determined and shaped by the multifaceted confrontation between capitalism and “communism”, the West vis-a-vis the East. But history did not end in 1991, as some have tried to convince … Continue reading

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Class struggle — Karl Marx would be proud of this guy

On a whiteboard at the college entrance “Tell us what class are you struggling with and why? The Bourgeoise b/c they control the modes of production” 😉 Although it should be “means of production”, I think this person has already … Continue reading

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What is financialization? Marxism, Post-Keynesianism and Economic Sociology’s complementary theorizing

The crisis of 2007–9 has cast light on the ascendancy of finance in recent years, a process that is often described as financialization. The concept of financialisation has emerged within Marxist political economy in an effort to relate booming finance to poorly … Continue reading

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International Political Economy scholars miss THE question of the 21st century: the rise of a global labor class living in poverty

In the recent years, more and more International Political Economy (IPE) scholars are dissatisfied with the current state of this field of research and desire to identify the ‘Big Questions’ of the 21st century. In this (open access) article, Benjamin … Continue reading

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An Angry Person’s Guide to ‪‎Finance‬’ explains in simple terms the defining features of the post-1970s financial system

 >Open access<Jack Copley (University of Warwick) counters the popular narrative that the 2008 crisis was a purely financial failure that a decent set of regulations would solve, by pointing to flagging capitalist profitability as the motor behind such financial expansion. … Continue reading

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The Making of British Socialism

This impressive book offers a fresh perspective on the emergence of British socialism in the late nineteenth century, demonstrating that it was not a working-class movement demanding state action, but a creative campaign of political hope promoting social justice, personal transformation … Continue reading

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Challenging governance theory: From networks to hegemony

Theories heralding the rise of network governance have dominated for a generation. Yet, empirical research suggests that claims for the transformative potential of networks are exaggerated. This topical book by Jonathan S. Davies (De Montfort University) takes a critical look at contemporary governance theory, … Continue reading

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