Does Marx's law of the tendential fall in the rate of profit accurately account for a real feature of capitalism, and can it help explain the Great Recession of 2007-9? The debate between two leading contemporary Marxists continues.
How should we conceptualise capital’s laws? David Harvey responds to Andrew Kliman’s two-part critique.
The evidence is clear: from the end of WWII to the Great Recession U.S. corporations' overall rate of profit fell, and this fall is almost entirely accounted for by Marx's law of the tendential fall in the rate of profit.
Karl Marx's law of the tendential fall in the rate of profit is indispensable for explaining the Great Recession, and understanding how to prevent major economic crises in the future
Our moral debates are so vitriolic and unproductive because they're nonsensical. They must be re-grounded on a shared conception of the common good
Class was never a homogeneous category in Marxist thought, some of the earliest works of which were sensitive to the influence of race and nationalism.
The rich tradition of alternative liberalism has much to offer by way of solutions to inexorably widening inequality—as social movements are beginning to realise.
In the second of a two part interview, Will Davies discusses the innovations of the Chicago School and the question of how we might begin to move beyond neoliberalism.
In the first of a two part interview, Will Davies discusses his book ‘The Limits of Neoliberalism’.
The Turkish state is in crisis. To intervene effectively the left must recognise that this as a political crisis, and one that has been years in the making.