Tag Archives: Karl Marx

Chris Leslie tweeted yesterday that “Marxism should have no place in a modern Labour Party.” You’d expect me to disagree, and I do. But I want to point out that a Marxist point of view might be an asset for non-Marxists within the party. I say so for three reasons. First, Marxism draws our attention to the fact that politics is shaped by an economic base – by the nature of capitalism.... Herein lies another use of Marxism. It reminds us that the state in capitalism must fulfil two...

Critical realism proposes an approach to the social world that pays particular attention to objective and material features of the social realm -- property relations, impersonal institutional arrangements, supra-individual social structures. Between structure and agent, CR seems most often to lean towards structures rather than consciously feeling and thinking agents. And so one might doubt whether CR has anything useful to offer when it comes to studying the subjective side of social...

Review of Blade Runner 2049. The Wolf Report:Nonconfidential analysis for the anti-investorOf Love and Hegel S. Artesian

Critique of David Harvey's reading of Das Kapital.Michael Roberts BlogCapital.150 part two: the economic reason for madnessMichael Roberts

Marx on capitalism and the profit rate. Michael Roberts BlogCapital.150 part one: measuring the past to gauge the futureMichael Roberts

Link to paper by Ramaa Vausdevan Radical Political Economy The Significance of Marx’s Theory of Money Posted by David Fields

Some links of interest.Naked KeynesianismMarx Capital turns 150Matias Vernengo | Associate Professor of Economics, Bucknell UniversiTy

Value is a social relation. As such, it is ‘immaterial but objective.’ The ‘phantom-like objectivity’ of value arises because ‘not an atom of matter enters into the objectivity of commodities as values’. Their status as values contrasts with ‘the coarsely sensuous objectivity of commodities as physical objects. We may twist and turn a single commodity as we wish; it remains impossible to grasp it as a thing possessing value.’ The value of commodities is, like many other features of social...

Today a new generation, experiencing major capitalist crises, increasingly concerned about its prospects and rising inequality, is powering radical movements in the homelands of capitalism behind figures and forces such as Sanders, Corbyn, Mélanchon, Die Linke, Podemos and Cinque Stelle. Will it bring Capital back into the history of these countries? Not before the burden of western misinterpretation that has accumulated over it for a century and a half, nearly crushing it, is removed. That...

Short summary of the  of Das Kapital's continuing relevance. Clear and succinct. Real-World Economics Review Blog 150 years of ‘Das Kapital’: How relevant is Marx today? Jayati Ghosh | Professor of Economics at the Centre for Economic Studies and Planning, School of Social Sciences, at the Jawaharlal Nehru University, in New Delhi