World Review of Political Economy

Articles from Vol. 5, No. 1, Spring

An Unacceptable Misrepresentation: Dismissing Marx's Value Theory by Deliberately Distorting the Temporal Single System Interpretation of Marx
1. Introduction1When I first studied Marxist economics at the London School of Economics and Political Science (LSE) in 1988, I learnt from Meghnad Desai that Marx's value theory was internally inconsistent and must be "corrected" to be of any use (Desai...
Financialization and Social Structure of Accumulation Theory
1. Introduction and Overview1Social structures of accumulation (SSAs) are the institutional ensembles that cohere in such a way as to facilitate a prolonged period of orderly, profitable capital accumulation. They are borne of crisis, and following an...
Financialization, Crisis, and the Development of Capitalism in the USA
1. IntroductionCentral to the historical development of capitalism is crisis: a moment of change from one way of organizing the economy to another, from one accepted political order to another, and from one set of dominant ideas to another. Understanding...
Problems with Post Keynesian Price Theory: A Marxist Perspective
1. IntroductionWith criticisms of mainstream Neoclassical Economics growing, and policy makers at the highest levels in many countries opting for increasingly non-orthodox solutions in dealing with the fallout from the recent and ongoing global economic...
The European Debt Crisis: Incremental Reform, Austerity, and Institutional Failure1
The Story So FarIt is important to gain perspective on the European financial crisis that began in 2008 by asking the critical question of what we have learned so far about the European Union's (EU) institutional gaps, innovative processes, design flaws,...
Worker Self-Management: An Alternative to Wage-Labor in the History of Economic Thought, by Zhang Jiaxin
WORKER SELF-MANAGEMENT: AN ALTERNATIVE TO WAGE-LABOR IN THE HISTORY OF ECONOMIC THOUGHT, BY ZHANG JIAXIN Worker Self-Management: An Alternative to Wage-Labor in the History of EconomicThought (in Chinese), by Zhang Jiaxin, Beijing, Social Sciences Academic...
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