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Tag Archives: Costas Panayotkis

Capitalist Trickle Down


Costas Panayotakis. Foreword by Joel Kovel

Paperback | 9780745330990 | £18.99 / $30
Hardback | 9780745331003 | £60 / $95

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‘This book combines theoretical boldness and the determination to extend Marxian theory. It deserves to be read as another impressive product of the global rethinkings of Marxism now engaged in building a Marxism for the twenty-first century.’ – Richard D. Wolff, Professor of Economics Emeritus, University of Massachusetts, Amherst

‘Capitalist-produced scarcity proves to be an extraordinarily enlightening vantage point from which to analyse both capitalism and its socialist alternatives. Panayotakis’s book provides an extremely scholarly, insightful and well-argued contribution – with ecology and feminism given the attention often denied them – to this crucially important literature. Highly Recommended!’ – Bertell Ollman, Department of Politics, New York University, author of Dance of the Dialectic: Marx’s Method

‘Extremely timely…Panayotakis develops a critical approach to an issue that is central to neo-classical economics but rarely the subject of critical analysis.’ – Molly Scott Cato, Reader in Green Economics, Cardiff University

As cuts and austerity deepen across the globe, Costas Panayotakis provides a timely challenge to the neoliberal idea that material scarcity is an inevitable product of an insatiable human nature. He argues that scarcity is in fact a result of the social and economic processes of the capitalist system.

The overriding logic of capital accumulation accounts for the fact that capitalism is not able to make a rational use of the productive potential at the disposal of human society. Instead, capitalism produces grotesque inequalities, a toxic consumerist culture and deepening ecological crisis.

‘Remaking Scarcity’ asserts the core principle of economic democracy as the ultimate solution to scarcity and ecological crisis.

COSTAS PANAYOTAKIS teaches Sociology at New York City College of Technology. He has published on political economy, ecology and social movements and has been interviewed by numerous radio and TV programmes in the United States and abroad. He is the Book Review editor of the international journal ‘Capitalism Nature Socialism’.

Foreword by Joel Kovel

1. Capitalism, Scarcity and Economic Democracy
2. The Neoclassical Approach to Scarcity
3. Scarcity and Capital Accumulation
4. Scarcity, Capitalist Exploitation, and Consumption
5. Economic Democracy and the Multiplicity of Social Inequalities and Struggles
6. Capitalism, Scarcity and Global Inequalities
7. Scarcity and the Deepening Ecological Crisis
8. Imagining Economic Democracy: Two Models
9. The Way Forward: Economic Democratization as a Strategy of Reforms and Fundamental Social Change

Humorous Appendix: Austerity Nut and His Message



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