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.
Deflation is taking hold across the world and the finance sector has so successfully captured the imaginations of policy makers that no one recognises the threat.
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
As an emerging form of ‘everyday politics’, online debt forums provide space for debtors to share tips and advice, offer moral and emotional support and indirectly sow the seeds of collective action.
Europe’s fiscal compact is unfit for purpose. The Greek rebellion will either force its redesign, or cause the entire project to collapse
What are the limitations of the liberal reformism of figures like Joseph Stiglitz and Thomas Piketty? And how can the radical left push beyond it to a truly socialist alternative?
With economic difficulties mounting and dissent in the ranks, is the government of Nicolás Maduro living up to Hugo Chávez’s legacy?
In a world of disruptive digital technology and e-commerce, worker co-operatives are poised to flourish.