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Karl Marx

Karl Marx


Critical Interpretations of the Grundrisse

Edited by Riccardo Bellofiore, University of Bergamo, Italy, Guido Starosta, National University of Quilmes, Argentina, and Peter D. Thomas, Brunel University, London

In Marx’s Laboratory: Critical Interpretations of the Grundrisse provides a critical analysis of the Grundrisse as a crucial stage in the development of Marx’s critique of political economy. Stressing both the achievements and limitations of this much-debated text, and drawing upon recent philological advances, this volume attempts to re-read Marx’s 1857-58 manuscripts against the background of Capital, as a ‘laboratory’ in which Marx first began to clarify central elements of his mature problematic. With chapters by an international range of authors from different traditions of interpretation, including the International Symposium on Marxian Theory, this volume provides an in-depth analysis of key themes and concepts in the Grundrisse, such as method, dialectics and abstraction; abstract labour, value, money and capital; technology, the ‘general intellect’ and revolutionary subjectivity, surplus-value, competition, crisis; and society, gender, ecology and pre-capitalist forms.

Contributors include: Chris Arthur, Luca Basso, Riccardo Bellofiore, George Caffentzis, Martha Campbell, Juan Iñigo Carrera, Howard Engelskirchen, Roberto Fineschi, Michael Heinrich, Fred Moseley, Patrick Murray, Geert Reuten, Tony Smith, Guido Starosta, Massimiliano Tomba, Jan Toporowski, Peter D. Thomas, Joel Wainwright, and Amy Wendling.


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Karl Marx


We invite graduate students and young researchers to participate in the URPE Summer School entitled Topics in Radical Political Economy: Marxist Theory, which will take place in Amherst, Massachusetts on the UMass campus on May 24-27, 2011 (right before the World Association for Political Economy conference on May 27-29). Our aim is to provide a forum for the discussion of ideas and developments in Marxian economics, and to help establish ties for closer collaboration between young Marxian economists.

Our speakers and topics will be as follows:

Deepankar Basu: Marxian Macroeconomics: An Introduction to the Circuit of Capital Model
Al Campbell: Humanist Marxism, Structuralist Marxism and Revolution
David Kotz: Marxist Crisis Theory: conflicting analyses and possible resolutions
Fred Moseley: Marx’s Logical Method and the Transformation Problem
Paddy Quick: Principal and Secondary Relations of Production: the Transitions between Modes of Production

Each day will be organized into 7-8 hours of lectures and discussions, to be directed by the invited speakers. Suggested readings will be distributed in advance.

Participants will have already taken a first course in Marxian political economy and will be expected to be familiar with portions of Capital (at least Volume I). The presentations by the speakers will be designed to inform participants about recent developments, equip them with theoretical and empirical tools and inspire them to take up research in Marxian political economy.

We ask for a $15 registration fee. URPE scholarships are available for those who will also attend the WAPE conference, though they require a separate application.

To apply for the Summer School, please fill out the enclosed application form and send it to one or both of the following:

Hyun Woong Park:
Mihnea Tudoreanu:

Our organizers are also available to answer any and all questions and concerns. Please distribute this invitation widely to those who you think might be interested. We look forward to seeing many of you in May!

Union for Radical Political Economics:
On behalf of the Organizing Committee,
Mihnea Tudoreanu
UMass Amherst Economics Department

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Capitalist Crisis


Business as Usual: The Economic Crisis and the Failure of Capitalism
Paul Mattick
978 1 86189 801 2
March 2011
200 x 120 mm
128 pages

‘Paul Mattick says the recession isn’t just a financial crisis; it manifests a truth about the socioeconomic system in which we live.’ –- Irish Times

‘This lucid and thoughtful study is not just another important contribution to the rapidly expanding literature on the current economic crisis, though it is that as well. With historical depth and penetrating analysis, it seeks to reveal what is “wrong with the mainstream approach to understanding current economic affairs” . . . It provides a grimly realistic picture of what may lie ahead unless there is a radical transformation of the social order from production for profit to pursuit of human ends, based on “shared social decision-making outside the constraints of the business economy,” hence a major step towards true democracy.’ – Noam Chomsky

‘Business as Usual is a superb achievement. In this highly accessible book, Paul Mattick offers an outstanding theoretical and empirical account of the ongoing crisis, its devastating implications for the majority, and a brilliant indictment of the failures of mainstream economics at the levels of theory and policy guidance. It also shows how and why these dismal failures should no longer deter the search for transformative alternatives.’ – Alfredo Saad-Filho, SOAS, University of London

‘For anyone who is unsatisfied with the usual explanations of the current economic crisis – greed and fraud, deregulation, financialization, etc. – and is looking for a deeper explanation, this book is for you. Mattick demonstrates (without jargon and with great clarity) that the root causes of the current crisis lie in the fundamental nature and dynamics of capitalist economies, and places this crisis within the illuminating historical context of recurring capitalist crises since the early 19th century.’ – Fred Moseley, Professor of Economics, Mount Holyoke College

‘This is a fine book. It argues against the illusion that the current crisis is just a bonfire of contingent market forces, exposes economics as the dismal science that it is, and opposes the idea that capitalism is not some sort of economic mechanism that, if expertly regulated by those in the know, works well for the benefit of all. Mattick has to be congratulated not just for writing an immensely rich account of the current crisis but, also, for doing so with immense historical insight, theoretical cunning, and astute political judgement.’ – Werner Bonefeld, University of York

The general consensus is that the world’s economic difficulties can be traced to a crisis in the financial system. Initially brought on by the collapse of the subprime mortgage market in the USA, it spread through a financial landscape defined by high levels of debt and speculative risk. Some point to the dangers of collapse inherent in the modern financial system, while others blame long-term imbalances in the world economy between low-investment, high-consumption areas like the USA and rapidly developing regions such as China and South Asia.

In Business as Usual Paul Mattick explains the recession in jargon-free style, without shying away from serious analysis. He explores current events in relation to the development of the world economy since the Second World War and, more fundamentally, looks at the cycle of crisis and recovery that has characterized capitalism since the early nineteenth century. Mattick situates today’s crisis in the context of a capitalism ruled by a voracious quest for profit. He places the downturn within the context of business cycles and uses this explanation as a springboard for exploring the nature of our capitalist society, and its prospects for the future.

A clear and readable account of the successes and the inherent limits of government attempts to stabilize the economy, Mattick ultimately reveals how today’s downturn is not simply the effect of a financial crisis, but that it manifests a truth about the nature of the social and economic system in which we live.

Paul Mattick is Professor of Philosophy at Adelphi University, New York. He is former editor of the International Journal of Political Economy, author of Art in its Time (2003), and co-author of Art Works: Money (2004).

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Raya Dunayevskaya


March 4, 2011

Dear Friends of MHI

It’s great to see revolutions in North Africa and the Middle East, and workers’ resistance to attacks on unions in Wisconsin and elsewhere in the U.S. and in Europe. We can’t think of a better time to invite you to our coming discussions in New York City. Those of you who can’t get here will be able to view videos on our website afterwards (

Sat. & Sun. March 19 & 20, we are sponsoring 3 panels at the Left Forum at Pace University in lower Manhattan (

The Great Recession and its Aftermath: Saturday at 3:00 p.m., Room LHN
Andrew Kliman: “The Great Recession and the Persistent Frailty of Capitalist Production”
Alan Freeman: “Waking from the Dream: Europe in the Great Recession”

Fred Moseley
David McNally: “Global Slump, Age of Austerity, and the Growing Resistance”

Is Socialism Possible? Part 1: Saturday at 10:00 a.m., Room W623
Andrej Grubaèiæ:  “Anarchism, or Libertarian Socialism for the 21st Century”
Anne Jaclard: “Yes, If a New Mode of Production Lays the Ground”
Antti Ronkainen: “Socialization of the Banking System”
Alex Steinberg: “Socialism and the Role of Consciousness”

Is Socialism Possible? Part 2: Sunday at 3:00 p.m., Room W504
Michael Albert:”Yes, But Which Socialism?”
Andrew Kliman: “Marx’s Lower Phase of Communism: Not Another ‘Labor Money’ Scheme”
Cindy Milstein
We will also have a book table in the Exhibitors area (be sure not to confuse MHI’s table and panels with those of other groups calling themselves Marxist-Humanists).

Just after Left Forum, on Tuesday March 22 at 7:00 p.m., we are co-sponsoring (with The New SPACE, a talk by Antti Ronkainen, who is coming here from Finland. His topic will be Crisis, Austerity, and Resistance in the Euro Zone: A View from Finland.  A description appears at the end of this blog.

Next month, on Wednesday April 13 at 7:00 p.m., we are co-sponsoring Allan Armstrong, a Scottish thinker-activist, speaking on “Is an Emancipatory Communism Possible?” See below.

Both these talks will be held in mid-Manhattan, at TRS Inc., Professional Suites, 44 East 32nd Street, 11th floor (between Madison and Park Aves).  If you need directions to either Left Forum or TRS, or for any other information about our events, write or call us.

We look forward to seeing you!
In Solidarity,
Anne Jaclard for Marxist-Humanist Initiative
*        *        *

Crisis, Austerity, and Resistance in the Euro Zone: A View from Finland
A talk by Antti Ronkainen

Tuesday, March 22nd at 7:00 PM
TRS Inc, 44 East 32nd Street, 11th Floor
(between Madison & Park Avenues)

In the spring and summer of 2010, crisis gripped Europe, highlighting the continued instability of the capitalist system across the globe. Financial meltdown was averted only by means of a massive bailout package, totaling as much as ?750 billion, and the European Central Bank’s move to begin purchasing sovereign debt of the weaker Euro zone countries to prevent a breakup of the zone. Will the patch hold?

Antti Ronkainen will give special attention to the European Financial Stability Facility (EFSF), established last summer to help safeguard financial stability in the Euro zone. He will argue that the EFSF is not designed to solve the Euro crisis, but rather allows the European Central Bank to engage in potentially risky lending and provides a mechanism for redistributing income from taxpayers to banks. Ronkainen will also discuss the European workers and students’ demonstrations and strikes against new austerity programs, especially the current situation in Finland. Will the resistance succeed in saving the unions and government benefits?

Antti Ronkainen is a student of social sciences in Finland. He is an editor of and writer for Megafoni, a Finnish autonomist web journal (

*      *     *

Is an Emancipatory Communism Possible?
A talk by Allan Armstrong
Wednesday, April 13th at 7:00 PM
TRS, Inc, 44 East 32nd Street, 11th Floor
(between Madison & Park Avenues)

Mention of the word “Communism” today conjures up visions of tyrants. Young people, even when they clash violently with the representatives of global capitalism in Seattle or London, call their protests “anti-capitalist,” not communist.

However, anti-capitalism is not enough. Revolutions can lead to immediate feelings of intense liberation, but they are usually followed by much longer periods of defense, setbacks, and painful reconstruction. The 20th century was the “Century of Revolutions,” but it eventually produced so little for humanity at such a high cost, that it is not surprising that many are very cautious, despite growing barbarism.

Allan Armstrong will argue that it is vital that we outline a genuine new human emancipatory communism, which takes full stock of the failings of both “official” and “dissident Communism,” and which can persuasively show that human liberation can still be achieved. He will explore Marx’s vision, particularly as detailed in his “Critique of the Gotha Program,” which emphasizes the need to break with capitalist production relations rather than expecting a new society to come about through political changes.

Allan Armstrong, a republican, Scottish internationalist, and communist, is currently co-editor of Emancipation & Liberation, the journal of the Republican Communist Network. He is also involved with The Commune, a collective dedicated to outlining a new communism for the 21st century. Armstrong is the author of “Why We Need a New Emancipatory Communism” ( and “The Communist Case for ‘Internationalism from Below'” (

Presented by Marxist-Humanist Initiative ( & The New SPACE (


‘I believe in the afterlife.

It starts tomorrow,

When I go to work’

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World Crisis

Historical Materialism
Research in Critical Marxist Theory
Volume 18 Issue 4, 2010



Charles Post
Exploring Working-Class Consciousness: A Critique of the Theory of the ‘Labour-Aristocracy’

Adelino Zanini
On the ‘Philosophical Foundations’ of Italian Workerism: A Conceptual Approach

Duy Lap Nguyen
Le Capital Amoureux: Imaginary Wealth and Revolution in Jean Genet’s Prisoner of Love – Reflections on ‘Gewalt’

Domenico Losurdo
Moral Dilemmas and Broken Promises: A Historical-Philosophical Overview of the Nonviolent Movement


Gail Day, Steve Edwards & David Mabb
‘What Keeps Mankind Alive?’: the Eleventh International Istanbul Biennial. Once More on Aesthetics and Politics

Geoff Mann
Value after Lehman

Review Articles

Thomas Jeannot
on Andrew Kliman’s Reclaiming Marx’s ‘Capital’: A Refutation of the Myth of Inconsistency

Fred Moseley
on Andrew Kliman’s Reclaiming Marx’s ‘Capital’: A Refutation of the Myth of Inconsistency

Gail Day
on Pier Vittorio Aureli’s The Project of Autonomy: Politics and Architecture Within and Against Capitalism

Historical-Critical Dictionary of Marxism

Richard Dienst


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Economic Crisis



Saturday Nov. 6, 2010 – 9 am to 6 pm
Pace University in lower Manhattan, New York City
One Pace Plaza, Multipurpose Room

Brendan Cooney, Walter Daum, Barry Finger, David Harvey, Mac Intosh, Anne Jaclard, Andrew Kliman, Paul Mattick, Jr., Fred Moseley, and Richard Wolff

Chances of a double-dip recession in the U.S. are increasing–if the first recession ever ended. The threat of government-debt defaults in Europe also indicates that the economic crisis of 2007-08 continues to have consequences. The U.S. government’s efforts to prevent another Great Depression have left it saddled with a serious debt problem that could impede efforts to stabilize the economy for a long time to come. The future is especially uncertain, and “the new normal” may prove to be very difficult, economically and politically.

For the Left to be prepared for what may happen and prepared to respond effectively, activity and organization will not be enough. We also need the organization of thought–and that is why we have convened this conference. In order to work out a viable response, one that doesn’t merely react to and support the least-bad proposals offered by policymakers and mainstream thinkers, we need a clear and deep understanding of what has gone wrong with capitalism, and of the limits and pitfalls of proposed reforms. And we cannot take for granted that more progressive policies would in fact bring capitalism out of the crisis and restore jobs, economic growth, and stability. Wide-ranging dialogue on these topics is needed, not only so that all views can be heard but, above all, so that we can test different ideas in debate and work out answers to the questions we face.


Pace University’s Center for Community Action & Research and Economics Department (Pace-Pleasantville campus), the Committee for a Conference on the Economic Crisis, Marxist-Humanist Initiative, League for the Revolutionary Party, Internationalist Perspective, and The New SPACE.

Pre-registration is required due to limited seating. To register,
please go to the Crisis Conference page of MHI’s website

The registration fee is $20; $10 for students and low income individuals. The conference is free for Pace University students, faculty, and staff with valid ID. Registrants must check in by 9:15 a.m. The conference will start promptly at 9:30 am in the Multipurpose Room at 1 Pace Plaza.



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Work, work, work




The Community-University Research Exchange (CURE), a joint initiative of the Concordia and McGill Quebec Public Research Groups (QPIRG), seeks to connect university students and community groups through research collaborations for social and environmental justice.

Through our database, students complete research projects for grassroots community groups working towards environmental and social justice. Examples of projects possibilities are:

* a report * a research paper * video or photo production * graphic design * business planning * program design communication plans * annotated bibliography * journalistic writing * pamphlets * translation * curriculum design * policy reports * grant applications * feasibility studies * surveys and more

You can look at examples of current and finished projects on our website,

To submit a research request for our database, please submit the CURE Research Request Form which you can access through our website. If you need assistance in completing the form, please do not hesitate to contact us.



August 7
6:00pm – 8:00pm
OISE/UofT, Room 2212, Second Floor
252 Bloor Street West (St. George subway station)

We have all heard the stories of the Toronto Police Services denying interpreters, accusing Deaf people of “faking”, interpreting attempts to communicate as violence, misunderstanding facial expressions that are a part of our grammar as anger, and countless other acts of audism, discrimination, and violence. It is time to do something about it!

Join us in sharing our stories and coming together as a …united community of Deaf, oral deaf, hard of hearing, late-deafened, and hearing allies! We will share our experiences in a public forum to promote healing, equality and change. This will be the beginning of a long process of achieving change within the Toronto Police Services policy, training, and sensitivity to our diverse communities.

ASL interpretation provided. If you require accommodations or childcare, please contact Jenny Blaser at as soon as possible.

Endorsed by the LEAF’s Youth Commission, Signs of Support, Ryerson Student Union, OPIRG, and the Association of Part-Time Undergraduate Students



Deadline: July 29, 2010

Community food security and what’s often called food sovereignty are drawing together diverse groups – from rural folks and farmers to urbanites, environmentalists and those involved in public health and social justice. It has created powerful new alliances that are being replicated globally.

In this issue of Alternatives, we will investigate the people’s food movement, both domestically and globally. We want examples of what is working and what isn’t, and what these examples tell us of the challenges that lie ahead. What will a secure and resilient food system taste like? What can be done to keep the food movement a people’s movement? How will the special things about food make food movements different from other social, environmental and public health movements? How will food organizers link to people with other causes? And what is the food movement anyway?

If you can say something big, new and powerful in a small number of plain words, we want to hear from you. Details are at our website:



July 26
4:00pm – 5:30pm
OISE, 252 Bloor Street West
7th floor in Peace Lounge

Reflecting on what happened in our city around the G8/G20 and continues to happen, difficult questions need to be asked:

– Who was surprised by the police violence when every day in our world people are subjected to this kind of brutality?
– What makes us think that the same kind of brutality exacted on Aboriginal communities and other so called minority communities would never be turned on mainstream communities, i.e. those with unjust privilege?
– Who is ‘us’?

In order to prepare for this conversation we invite you to review Chapter 3 from Starhawk’s Truth or Dare – Fierce Love: Resisting the Weapons the Culture Has Devised against the Self.

Sponsored by The Catalyst Centre



July 28
7:00pm – 8:30pm
Lower level meeting room
31 Wellesley Street East

Had enough of the Harper Conservatives and their wrecking ball? Ready to help defeat them in the next federal election? Join us for our first Toronto-area campaign meeting.

The Catch 22 Harper Conservatives campaign is a nationwide, grassroots effort to help send the PM packing. We launched our website in March. The campaign’s name comes from the 22 days that Parliament was prorogued last winter. There need to be consequences at the ballot box for Harper’s disdainful attitude and attacks on democratic values and institutions.

Catch 22 is independent of the political parties. Everyone who shares our goal is welcome to participate. Our strategy is to work in 30 to 40 winnable Conservative-held ridings across the country.

As long as Canada continues to use the antiquated first past the post voting system, strategic voting campaigns like Catch 22 are necessary in order to lessen the impact of vote splitting. The opposition is unprepared and unlikely to take measures that will ensure the defeat of Harper’s weakest team members. After all, their strategies are also based on vote splitting. That leaves it up to the voters to figure out how to rid Canada of PM Harper. Catch 22 is trying to fill that gap.

More info:




by David Mandel, The Bullet

The 2005 round of negotiations in Quebec between the provincial Liberal government and the public sector unions was ended abruptly by the adoption of a special law that unilaterally imposed wages and conditions on the workers…The special decree (Bill 142/Law C-43) was quite a remarkable attack on public sector collective bargaining, even by the standards of the Quebec state… In May 2009, the CSN (Confédération des syndicats nationaux – Confederation of National Trade Unions), the FTQ (Fédération des travailleurs et travailleuses du Québec – Federation of Workers of Quebec, affiliated with the CLC) and the SISP (Secrétariat intersyndical des services publics – Inter-union Secretariat of Public Services) announced a ‘Common Front’ (Front commun) of provincial public-sector workers (recalling in name the illegal general strikes of Quebec workers in 1972).

Read more:



by Tom O’Connor, Labor Notes

Month after month, year after year, workers die in trench collapses and falls from roofs. OSHA cites the employer, slaps it with a modest fine (a median penalty of only $3,675 per death in 2007), and points out that simple methods exist to prevent such tragic loss of life. Yet some employers continue to ignore the hazards and workers continue to lose their lives due to this criminal neglect.

Read more:


Exploitation typical in other immigrant communities, labour activists say

by Nicholas Keung, Toronto Star

Sue Zheng was happy to land her first job in Toronto at a manicure salon. But there was a catch: she had to pay a $400 deposit to work there, and receive only $25 a day for 10 hours of work, seven days a week.

Read more:



by Alice Klein,

You have to admire the political logic. If there is no data to research, there will be no facts to account for. How perfect the Tories’ ditching of the mandatory long-form census data collection is for themselves — and how dangerous for the rest of us.

Read more:



by Josie Raymond,

Post-recession job creation is coming, the experts say. Unfortunately, many of these jobs will pay less than $10 an hour. Yeah, it’s an honest day’s work, but if it’s not enough to live on, much less raise a family and maintain a home, what’s the point?

Read more:



(NUPGE – National Union of Public and General Employees)

The reserve fund of the Canada Pension Plan (CPP) was one of the top international performers during the 2005-09 boom-and-bust period, according to a report by the Paris-based Organization for Economic Co-operation and Development (OECD).

By comparison, Canada’s private pensions, as is the case in most western developed countries, still have not recovered from huge losses during the global recession, the OECD reports in an analysis of public and private programs in 13 countries.

Read more:



Thomas Abel
International Journal of Public Health, Volume 55 Number 4


Fred Moseley
Review of Radical Political Economics published 14 July 2010


Angela L. Bies
Nonprofit and Voluntary Sector Quarterly published 14 July 2010


Jodi Jan Kaufmann
Adult Education Quarterly published 14 July 2010




The Information Warfare Monitor (a collaboration between the Citizen Lab, Munk School of Global Affairs and the SecDev Group) seeks applications for a full-time editor of the Information Warfare Monitor. The position comes as a paid full-time fellowship at the Citizen Lab, Munk School of Global Affairs, University of Toronto.

The Information Warfare Monitor is an advanced research activity tracking the emergence of cyberspace as a strategic domain. We are an independent research effort. Our mission is to build and broaden the evidence base available to scholars, policy makers, and others.

More info:



The Stop’s catering services are a new social enterprise initiative of our fundraising department, with all net proceeds supporting our anti-hunger, community-building programs. We are seeking a dynamic, experienced, resourceful coordinator to drive catering sales, liaise with clients, and assist in the execution of events.

Reporting to the Director of Development, and working as part of the fundraising team, the Catering Coordinator will:

– Develop new business and ensure retention of current clients
– Develop and execute marketing strategies to increase catering sales
– Initiate and execute strategies to ensure The Stop’s a preferred caterer at key venues
– Develop marketing collateral including catering brochures, website, etc.
– Liaise with our chef and other staff to coordinate catering functions including booking, selecting and costing menu items, pricing, coordinating staff and equipment rentals
– Attend events to ensure client expectations are met or exceeded
– Prepare thorough and professional proposals
– Attend industry events as required

More info:



Deadline: August 6, 2010

North York Women’s Shelter is an emergency shelter and support service provider to abused women and their children.

You will be joining our Development team and will be responsible for fostering and growing our volunteer base through recruitment and recognition. You will also support our fundraising efforts, particularly around donor relations and donor management. In particular, manage our database and tax receipting, processing donations, as well as donor stewardship. This position also has some cross functional duties with front-line and support staff. This position is unionized with OPSEU Local 518.

For more information:



The Centre for the Study of Education and Work (CSEW) brings together educators from university, union, and community settings to understand and enrich the often-undervalued informal and formal learning of working people. We develop research and teaching programs at the Ontario Institute for Studies in Education (UofT) that strengthen feminist, anti-racist, labour movement, and working-class perspectives on learning and work.

Our major project is APCOL: Anti-Poverty Community Organizing and Learning. This five-year project (2009-2013), funded by SSHRC-CURA, brings academics and activists together in a collaborative effort to evaluate how organizations approach issues and campaigns and use popular education.

For more information about CSEW, visit:


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A Crisis of Capital


The Economic Crisis Reader
Date of publication: November 2009

    • Introduction
    • 1. General Explanations
        • 1.1    Inequality, Power, and Ideology Arthur MacEwan
        • 1.3    Recession, Depression, Repression: What’s in a Name? John Miller
        • 1.3    That ’70s Crisis Alejandro Reuss
        • 1.4    Crisis and Neoliberal Capitalism David Kotz
        • 1.5    Capitalism Hits the Fan Richard D. Wolff
        • 1.6    We’re All Minskyites Now Robert Pollin
        • 1.7 The “Credit Tsunami” Steve Keen
        • 1.8 Profits, the Business Cycle, and the Current Crisis Paul Mattick
        • 1.9    The Greed Fallacy Arthur MacEwan
    • 2. Warning Signs
        • 2.1 Bubble Trouble Dean Baker
        • 2.2 A House of Cards Tamara Draut and Adria Scharf
        • 2.3    (Mis)Understanding a Banking Industry in Transition William K. Black
        • 2.4    America’s Growing Fringe Economy Howard Karger
        • 2.5    Financialization: A Primer Ramaa Vasudevan
        • 2.6    Private Equity Exposed Orlando Segura, Jr.
        • 2.7    Hedge Funds Arthur MacEwan
        • 2.8    The Fed and America’s Distorted Expansion Thomas I. Palley
        • 2.9    Who Cares If Bear Stearns Fails? Arthur MacEwan
        • 2.10 Can the Fed Handle a Systemic Crisis? Maybe.Jane D’Arista
    • 3. The Housing Crisis
        • 3.1    The Homeownership Myth Howard Karger
        • 3.2    Confidence Trick John Miller
        • 3.3    Renters in the Crosshairs Daniel Fireside
        • 3.4    How to Stop the Foreclosures? Fred Moseley
        • 3.5    The Fannie/Freddie Bailout Fred Moseley
        • 3.6    Who Gets Those Trillions? Arthur MacEwan
    • 4. The Financial Crisis
        • 4.1    From Tulips to Mortgage-Backed Securities Gerald Friedman
        • 4.2    Ponzi Schemes and Speculative Bubbles Arthur MacEwan
        • 4.3    Derivatives and Deregulation Marty Wolfson
        • 4.4    Dealing with a Rotten Tooth Arthur MacEwan
        • 4.5    Time for Permanent Nationalization! Fred Moseley
        • 4.6    Trust Your Gut William Greider
    • 5. Monetary Policy
        • 5.1    Pushing on Strings Gerald Friedman
        • 5.2    Bernanke’s Bad Teachers Gerald Friedman
        • 5.3    The Bailouts Revisited Marty Wolfson
        • 5.4    Focus on the Fed William Greider
        • 5.5    Keynes and the Limits of Monetary Policy Alejandro Reuss
    • 6. Fiscal Policy
        • 6.1 Stimulus Whining John Miller
        • 6.2    How I Learned to Stop Worrying and Love the Deficit John Miller
        • 6.3    Responding to Revisionism Gerald Friedman
        • 6.4    Fiscal Policy and “Crowding Out” Alejandro Reuss
        • 6.5    Why Are Things Getting Worse and worse? Arthur MacEwan
        • 6.6    The Economic Crisis in the Sates Gerald Friedman
        • 6.7    State Budget Blues Marianne Hill
        • 6.8    Bail Out the Safety Net Randy Albelda
        • 6.9    Saving Energy Creates Jobs Heidi Garrett-Peltier
        • 6.10 A New WPA? Ryan A. Dodd
        • 6.11 Rebuilding the Auto Industry from the Wheels Up Alejandro Reuss
    • 7. The International crisis
        • 7.1    Putting the “Global” in the Global Economic Crisis Smriti Rao
        • 7.2    (Economic) Freedom’s Just Another Word for…Crisis-Prone John Miller
        • 7.3    The Specter of Capital Flight Marie Duggan
        • 7.4    Tax Havens and the Financial Crisis Rachel Keeler
        • 7.5    Beyond the World Creditors’ Cartel Dariush Sokolov
        • 7.6 No Bailout for AIDS Mara Kardas-Nelson
        • 7.7 Beijing Statement on the Global Economic Crisis
        • 7.8 Caracas Statement on the Global Economic Crisis

    • 8. Workers and the Crisis
        • 8.1    The Global Crisis and the World Labor Movement Dan LaBotz
        • 8.2    The Real Audacity of Hope Kari Lyderson and James Tracy
        • 8.3    Corporate America’s Counter-Stimulus Strategy Roger Bybee
        • 8.4    Worker Direct Action Grows in Wake of Financial Meltdown Immanuel Ness and Stacy Warner Maddern
        • 8.5    Gender and the Recession Heather Boushey
        • 8.6    The Real Unemployment Rate Hits a 68-Year High John Miller
        • 8.7    Unemployment Insurance: A Broken System Marianne Hill
        • 8.7    Should We Be Talking About Living Wages Now? Jeannette Wicks-Lim
    • Contributors

Posted here by Glenn Rikowski

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