The Ecological State
February 1, 2021
Erald Kolasi received his PhD in physics from George Mason University in 2016. The central problem of economics is scarcity, or at least that is how the story is told…. READ MORE
Article Subjects and Geography: Economic Theory
Hyman Minsky at 100: Was Minsky a Communist?
March 1, 2020
Riccardo Bellofiore is a professor of economics at the University of Bergamo. He is the author and editor of multiple books, including In Marx’s Laboratory: Critical Interpretations of the “Grundrisse”… READ MORE
Notes from the Editors, February 2020
February 1, 2020
Economists generally expect wages to rise significantly at the peak of the business cycle. The fact that this is not happening today is seen as something of a paradox. According… READ MORE
Liberated Capitalism
December 1, 2019
Henryk Szlajfer was a leading figure in the student uprisings in Poland in March 1968. He was expelled from the University of Warsaw and was arrested and imprisoned for political… READ MORE
Free Public Transit
December 1, 2019
� Victor Wallis is the author of Red-Green Revolution: The Politics and Technology of Ecosocialism (Political Animal Press, 2018) and Democracy Denied: Five Lectures on U.S. Politics (Africa World Press,… READ MORE
Notes from the Editors, November 2019
November 1, 2019
Immanuel Wallerstein, the celebrated world-systems theorist and longtime contributor to Monthly Review and Monthly Review Press, died on August 31, 2019. Wallerstein first achieved international fame with the publication in… READ MORE
Owning Financialization
April 1, 2019
Michael Roberts is a Marxist economist. He is the author of The Long Depression: Marxism and the Global Crisis of Capitalism (Haymarket Books, 2016) and writes regular commentary and analysis… READ MORE
The Critique of Financialization: A Reply to Michael Roberts
April 1, 2019
We agree with Michael Roberts that Marxists do not “own the expression” financialization. We disagree, however, with respect to the importance of the actual historical phenomenon represented by financialization and… READ MORE
Economic Surplus, the Baran Ratio, and Capital Accumulation
March 1, 2019
Zhun Xu is an economics professor at Howard University in Washington, D.C. His most recent book is From Commune to Capitalism: How China’s Peasants Lost Collective Farming and Gained Urban… READ MORE
The Social Character of Value
November 1, 2018
� The excerpt is taken from Chapter III, “A Criticism of Smith’s Analysis,” in Rosa Luxemburg’s 1913 work, The Accumulation of Capital (New York: Monthly Review Press, 1951), 67–69. �… READ MORE