The Value, Health and Radical Needs Reading Group spent 15 months slowly and carefully reading Karl Marx’s Grundrisse. The task was certainly daunting, but also intellectually rewarding in equal measure. Since in these notebooks Marx is clearly developing a logical method of presentation that [...]
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The Past & Present Reading Group commenced 2022 by reading Alfred Sohn-Rethel’s Intellectual and Manual Labour. In my view, engaging with the book meant a rare and valuable opportunity to stop and reflect on the link between epistemology and Marxist theorising, a theme that had been haunting [...]
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I find the constant coining of new terms tiresome. But in writing Beyond Money: A Postcapitalist Strategy, I felt the need to re-define my nonmarket socialist position in a more constructive and less reactive way as ‘real valuism’, with ‘real value’ as a basic economic term. I hasten to add [...]
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Over the last decade, there has been a dramatic increase in engagements with Marx’s concept of relative surplus populations (RSPs). The RSP describes the portion of the working-age population surplus to the immediate needs of capital for waged labour at any given place and time. Revived [...]
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My new book Keynes and Marx attempts a constructive Marxist engagement with Keynes and Keynesianism. I’ll explain what I mean by this and how the book tries to achieve it. Three attitudes dominate Marx-Keynes relations. I argue for a fourth.
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Marx’s critique of capitalism, and more specifically his theory of value, are still very relevant today, as I argue in my new book Fetishism and the Theory of Value: Reassessing Marx in the 21st Century.
But his work is often misunderstood, not only by orthodox economists but also by [...]
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The theories of monopoly capitalism and unequal exchange make important contributions to economic theory. They emphasize, respectively, how big companies can use their power over consumers and smaller-firm suppliers, and how rich countries can exploit poorer ones.
Capitalist [...]
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Marx’s method of political economy offers a critique of the political economy of capitalism in relation to its historical, social and material foundations, and this contributes to understanding and explaining the nature and functioning of capitalism, as well as the root causes of social [...]
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