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Information Technology and Socialist Construction
The failure of command central planning in the twentieth century has led to a general disillusionment within the socialist movement worldwide. Some alternatives to capitalism have been proposed since the end of the Cold War, but none has offered an alternative form of economic calculation. This book explains how modern information technology may be used to implement a new method of economic calculation that could bring an end to capitalism and make socialism possible. In this book, the author critically examines a number of socialist proposals that have been put forward since the end of the Cold War. It is shown that although these proposals have many merits, their inability effectively to i...
Labor, Industry, and Regulation during the Progressive Era
The Progressive Era was among the most volatile times for the economy and labor in American History. Daniel E. Saros explores the institutional and economic conditions of this time, revealing new insight into the regulated nature of industry and the conditions of labor. Using the steel industry as a case study, Saros demonstrates how the United States Steel Corporation enhanced the performance of the steel industry by initiating a price and wage stabilization program. In an effort to combat potential threats from the federal government, the American public, and organized labor to the market stabilization program and mechanization drive, the steel companies introduced a paternalistic welfare program, company unions, and limited hours reform. Saros also contrasts this time with free market periods, examining the impacts on rates of profit, output growth, and capital accumulation.
Platform Socialism
A bold new manifesto for digital technology after capitalism.
What is Neoclassical Economics?
Despite some diversification modern economics still attracts a great deal of criticism. This is largely due to highly unrealistic assumptions underpinning economic theory, explanatory failure, poor policy framing, and a dubious focus on prediction. Many argue that flaws continue to owe much of their shortcomings to neoclassical economics. As a result, what we mean by neoclassical economics remains a significant issue. This collection addresses the issue from a new perspective, taking as its point of departure Tony Lawson’s essay ‘What is this ‘school’ called neoclassical economics?’. Few terms are as controversial for pluralist and heterodox economists as neoclassical economics. Th...
Political Economy of Labor Repression in the United States
This book presents a detailed explanation of the essential elements that characterize capital labor relations and the resulting social conflict that leads to repression of labor. It links repression to the class struggle between capital and labor. The starting point involves an historical approach used to explore labor repression after the American Revolution. What follows is an examination of the role of government along with the growth of American capitalism to analyze capital-labor conflict. Subsequent chapters trace US history during the 19th century to discuss the question of the role assumed by the inclusion/exclusion of capital and labor in political-economic structures, which in turn...
Chrysophyte Algae
Research activity involving algae in the classes Chrysophyceae and Synurophyceae ('chrysophytes') has increased dramatically over the last decade. These beautiful and delicate organisms are pivotal for studies of protistan evolution, food web dynamics in oligotrophic freshwater ecosystems, and for the assessment of environmental degradation resulting from eutrophication and acid rain. They also represent excellent model cellular systems for studying processes inherent in basic metabolism, biomineralization, endo- and exo-cytosis and macro-assembly of cell surface layers. This book gives a broad overview of current research, emphasizing the phylogeny, ecology and development of these organisms. Each chapter also contains reviews of the literature, and presents ideas for future research. Phycologists, palaeoecologists, limnologists and plankton ecologists will find this a mine of invaluable information.
Money and Totality
This ambitious book presents a comprehensive new 'macro-monetary' interpretation of Marx’s logical method in Capital, based on substantial textual evidence, which emphasises two main points: (1) Marx’s theory is primarily a macroeconomic theory of the total surplus-value produced in the economy as a whole; and (2) Marx’s theory is a monetary theory from beginning to end and the circuit of money capital – M - C - M’ – is the logical framework of Marx’s theory. It follows from this 'macro-monetary' interpretation that, contrary to the prevailing view, there is no 'transformation problem' in Marx’s theory; i.e., Marx did not 'fail to transform the inputs of constant capital and variable capital' in his theory of prices of production in Part 2 of Volume III.
Contending Economic Theories
A systematic comparison of the 3 major economic theories—neoclassical, Keynesian, and Marxian—showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists arou...
Value
This republication of a long out-of-print collection of essays, first published in 1979, focuses on the elusive concept of “value.” The field of study surrounding the theory of value remains comparatively sparse in Anglophone circles, and the essays here aim to answer the question, “Why is Marx’s theory of value important?”
The Seleukid Royal Economy
The Seleukid empire, the principal successor-state of the empire of Alexander the Great, endured for over 200 years and stretched, at its peak, from the Mediterranean to the borders of India. This book provides a wide-ranging study of the empire's economy and the methods used by the Seleukid kings to monetise and manage it so as to extract tribute, rent and taxes as efficiently as possible. It uses a variety of Greek literary sources and inscriptions, cuneiform texts, archaeological, numismatic and comparative evidence to explore in detail the manner of exploitation of their lands and subjects by the Seleukid kings, their city-building activity, the financing of their armies and administration, the use they made of coinage and their methods of financial management. The book adopts a highly original, numerical approach throughout, which leads to a quantified model of the economy of an ancient state.
