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Socialism and Hope


We are pleased to announce that The Socialist Register 2011 has just been published on our website and the print edition should be available in stores soon.  Check out our website for essay abstracts and more:

You can also see the table of contents, below:

Socialist Register 2011: The Crisis This Time

Table of Contents

Socialist Register 2011 Preface
Leo Panitch, Gregory Albo, Vivek Chibber

Capitalist Crises and the Crisis this Time
Leo Panitch, Sam Gindin

Confronting the Crisis: A Class Analysis
Hugo Radice

The First Great Depression of the 21st Century
Anwar Shaikh

Caught in the Whirlwind: Working-Class Families Face the Economic Crisis
Johanna Brenner

Before and After Crisis: Wall Street Lives On
Doug Henwood

Opportunity Lost: Mystification, Elite Politics and Financial Reform in the UK
Julie Froud, Michael Moran, Adriana Nilsson, Karel Williams

The Global Crisis and the Crisis of European Neomercantilism
Riccardo Bellofiore, Francesco Garibaldo, Joseph Halevi

A Loyal Retainer? Japan, Capitalism, and the Perpetuation of American Hegemony
R. Taggart Murphy

The Crisis in South Africa: Neoliberalism, Financialization and Uneven and Combined Development
Sam Ashman, Ben Fine, Susan Newman

Deriving Capital’s (and Labour’s) Future
Dick Bryan, Michael Rafferty

Cannibalistic Capitalism: The Paradoxes of Neoliberal Pension Securitization
Susanne Soederberg

Crisis in Neoliberalism or Crisis of Neoliberalism?
Alfredo Saad-Filho

The Crisis, the Deficit, and the Power of the Dollar: Resisting the Public Sector’s Devaluation
Karl Beitel

From Rescue Strategies to Exit Strategies: The Struggle over Public Sector Austerity
Gregory Albo, Bryan Evans

The Centre Cannot Hold: Rekindling the Radical Imagination
Noam Chomsky


‘I believe in the afterlife.

It starts tomorrow,

When I go to work’

Cold Hands & Quarter Moon, ‘Human Herbs’ at: (recording) and (live)

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Capitalist Crisis


Business and management theorists have so far responded to the financial crisis by centring on the notion of finance as an object of study. The inference here has been that the responsibility for the crisis lies with the flaws of individual managers, and, consequentially, that a sprinkling of Business Ethics (Wayne, 2009) and/or Critique (Currie et al, 2010) to the MBA curriculum is a suitable panacea for the recent excesses. From this we get the characterisation of the crisis as a product of individual misbehaviours in the financial sector: a regression onto the already decisively discredited “bad apple” thesis (e.g. Bakan, 2005). A different but related set of responses has sought to de-emphasize this traditional role of the business school as handmaiden to capitalism and thereby widen the curriculum to include politics, philosophy and cultural studies (e.g. HBR, 2009; Schmidt, 2008).

The questions raised in this special issue attempt to push the debate within the university in general, and the business school in particular, on from this concern with finance as an object of study and on towards a concern with finance as a condition of study. This focus upon the notion of finance as condition of study considers the various ways in which students and teachers alike have long been induced to view study through a purely financial logic: as surplus value without underlying production, as “knowledge transfer” without work. Within this special issue, our contributors therefore consider not so much how the curriculum might be changed in light of the crisis. Instead, they consider how the very study of finance as a condition of study might itself form the basis for a collective resistance to the ongoing financial conditioning of study.


Volume 9, Number 4 (November 2009)


Armin Beverungen, Stephen Dunne and Casper Hoedemaekers: The University of Finance


Morgan Adamson: The Human Capital Strategy

Dick Forslund and Thomas Bay: The Eve of Critical Finance Studies

Ishani Chandrasekara: Why is Finance Critical? A dialogue with a women’s community in Sri Lanka

Stefano Harney: Extreme Neo-liberalism: An introduction


Dick Bryan and Michael Rafferty: Sydney Forum on the financial crisis: an introduction

John Roberts: Faith in the numbers

Randy Martin: Whose crisis is that? Thinking finance otherwise

Martijn Konings: The ups and downs of a liberal conciousness, or, why Paul Krugman should learn to tarry with the negative

Dick Bryan and Michael Rafferty: Homemade Financial Crisis

Melinda Cooper and Angela Mitropoulos: The Household Frontier

Fiona Allon: The Futility of Extrapolation: Reflections on crisis, continuity and culture in the ‘Great Recession’


Elizabeth Johnson and Eli Meyerhoff: Toward a global autonomous university

Francesca Bria: A crisis of finance

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Review of Radical Political Economics


Review of Radical Political Economics — Table of Contents Alert

A new issue of Review of Radical Political Economics has been made available:

1 December 2009; Vol. 41, No. 4 



Introduction: The Political Economy of Financialization
Jonathan P. Goldstein
Review of Radical Political Economics 2009; 41 453-457

Financialization and Marx: Giving Labor and Capital a Financial Makeover, by Dick Bryan, Randy Martin, and Mike Rafferty
Review of Radical Political Economics 2009; 41 458-472

From the Gold Standard to the Floating Dollar Standard: An Appraisal in the Light of Marx’s Theory of Money
Ramaa Vasudevan
Review of Radical Political Economics 2009; 41 473-491

Post-Keynesian Theories of the Firm under Financialization
Thomas Dallery
Review of Radical Political Economics 2009; 41 492-515

Islamic Alternatives to Purely Capitalist Modes of Finance: A Study of Malaysian Banks from 1999 to 2006
Tamer ElGindi, Mona Said, and John William Salevurakis
Review of Radical Political Economics 2009; 41 516-538

Financialization and Changes in the Social Relations along Commodity Chains: The Case of Coffee
Susan A. Newman
Review of Radical Political Economics 2009; 41 539-559

Book Review Essay: Heterodox Crisis Theory and the Current Global Financial Crisis: The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash Charles, R. Morris; New York: Public Affairs, 2008, 194 pp.,$22.95 (hardback). The Credit Crunch: Housing Bubbles, Globalisation, and the Worldwide Economic Crisis, Graham Turner; London and Ann Arbor, MI: Pluto Press, 2008, 232pp., $27.95 (paperback). The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means, George Soros; New York: Public Affairs, 2008, 162 pp.,$22.95 (hardback). Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism, Kevin Phillips; New York: Penguin Group, 2008, 239 pp., $25.95 (hardback)
Jonathan P. Goldstein
Review of Radical Political Economics 2009; 41 560-569

Book Review: Poverty & Inequality: An End to Poverty? A Historical Debate, Gareth Stedman Jones, New York: Columbia University Press, 2005, 288 pp., $29.50 (hardcover). Inequality Matters: The Growing Economic Divide in America and its Poisonous Consequences, James Lardner and David A. Smith, eds., New York: The New Press, 2006, 328 pp., $16.95 (paperback). The Politics of Inequality: A Political History of the Idea of Economic Inequality in America, Michael J. Thompson, New York: Columbia University Press, 2007, 264 pp., $32.50 (hardcover)
Stephen Pimpare
Review of Radical Political Economics 2009; 41 570-576

Book Review: Poverty, Work, and Freedom: Political Economy and the Moral Order, David P. Levine and S. Abu Turab Rizvi. Cambridge: Cambridge University Press, 2005. 159 pp + bibliography and index. ISBN-13 978-0-521-84826-8 (hardback), ISBN-10 0-521-84826-1; $65 (US) or {pound}40, hardback. (hardback)
Matt Davies
Review of Radical Political Economics 2009; 41 577-581

Book Review: New Departures in Marxian Theory, Stephen A. Resnick & Richard D. Wolff; Routledge, 2006, 418 pp
Ian J. Seda-Irizarry
Review of Radical Political Economics 2009; 41 581-585

Book Review: Multinationals on Trial: Foreign Investment Matters, James Petras and Henry Veltmeyer (2007), Aldershot Hampshire, UK: Ashgate, pp159; Price $89.95
Dennis C. Canterbury
Review of Radical Political Economics 2009; 41 585-589

Book Review: International Migration: Prospects and Policies in a Global Market, Douglas S. Massey and J. Edward Taylor, editors (Oxford University Press, 2004) Worlds in Motion: Understanding International Migration at the End of the Millennium Douglas S, Massey, Joaquin Arango, Graeme Hugo, Ali Kouaou chi, Adela Pellegrino and J. Edward Taylor (Oxford University Press, 1998)
Marcos T. Aguila
Review of Radical Political Economics 2009; 41 589-593

Book Review: Ex Mex: From Migrants to Immigrants, By Jorge G. Castaneda. New York: The New Press, 2007. 222 pp. $25.95 hardback
Mary C. King
Review of Radical Political Economics 2009; 41 593-596

Book Review: Communities Without Borders: Images and Voices from the World of Migration, David Bacon (Forwards by Carlos Munoz Jr. and Douglas Harper), Ithaca, NY: Cornell University Press 2006 235pp $29.95. ISBN13 978 0 8014 
7307 4
Richard Leitch
Review of Radical Political Economics 2009; 41 596-599

Book Review: Rethinking Municipal Privatization, By Oliver D. Cooke New York: Routledge, 2008. Hardcover ISBN 10: 0-415-96209-9
Tom Angotti
Review of Radical Political Economics 2009; 41 599-601

Book Review: Solidarity Economy: Building Alternatives for People and 
Planet, Jenna Allard, Carl Davidson, and Julie Matthaei (eds) Chicago, 
ChangeMaker Publications, 2008; 427 pages, 978-0-6151-9489-91 by Len 
Krimerman, GEO Newsletter and Director, Creative Community Building 
Program, University, of Connecticut
Len Krimerman
Review of Radical Political Economics 2009;41 601-603

Book Review: Doubt is Their Product: How Industry’s Assault on Science 
Threatens Your Health, David Michaels, New York, Oxford University Press, 
2008, pp372, ISBN 978-0-19-530067-3
Joan Greenbaum
Review of Radical Political Economics 2009;41 604-605

Book Reviews: Labor-Environmental Coalitions: Lessons from a Louisiana 
Petrochemical Region By Thomas Estabrook. Amityville, NY: Baywood 
Publishing. 2007
J. Timmons Roberts
Review of Radical Political Economics 2009;41 606-607

Book Review: Fair Trade: The Challenges of Transforming Globalization, Edited by Laura T. Raynolds, Douglas L. Murray, and John Wilkinson. London and New York: Routledge, 2007. 240 pp. ISBN: 978-0-415-77203-7. $29.95 
Brewing Justice: Fair Trade Coffee, Sustainability, and Survival, By Daniel Jaffee. Berkeley, CA: University of California Press, 2007. 331 pp. ISBN: 978-0-520-24959-2. $22.95
Noah H. Enelow
Review of Radical Political Economics 2009;41 608-611

Books Received
David Barkin
Review of Radical Political Economics 2009;41 612-618

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