Topbanner

 Forside  |  Bliv medlem  |  Lokalafd.  |  Avisen  |  Kalender  |  Det mener IS/ISU  |  Links 

Tema: Økonomi

Økonomi
Kieran Allen: Review: Thomas Piketty, Capital in the Twenty First Century
Irish Marxist Review (Irland) nr. 10, jun 14 – side 34
Note: How often have you heard the term ‘fantasy economics’ thrown at someone who challenges austerity? Sinn Fein apparently suffers from this ‘weakness’; so does Richard Boyd Barrett from People Before Profit and indeed everyone else who dares to oppose the endless cuts in public spending. There are some variations on the theme: ‘But do your figures add up?’ is probably the most common question any left-winger is asked on the Irish media. ‘Economically illiterate’ is the sniffy put down of those who suggest a tax on wealth.
 
Jakob L. Krogh: Er det den private sektor der skaber værdierne?
Socialistisk Arbejderavis nr. 304, dec 10 
Note: ”Danmark har relativt set verdens største offentlige sektor og en af de mindste fremstillingssektorer i den vestlige verden. Vi er nødt til at skabe en bedre balance,” siger Niels B. Christiansen, adm. Direktør for Danfoss, i et interview 27. nov. i Jyllands Posten. Dermed giver han udtryk for en udbredt forestilling, som ledende politikere har adopteret fra det private erhvervsliv.
 
Jakob Nerup: Finanslov 2010: Kapitalens husholdning
Socialistisk Arbejderavis nr. 293, dec 09 – side 12
Note: Hvert år vedtager det danske Folketing en finanslov. Det er statens budget, som regulerer udgifter for 670 milliarder kroner og indtægter for 576 milliarder kroner. Pengene fordeles efter et større forhandlingscirkus, hvor teatertorden og Dansk Folkepartis rituelle islamofobi fylder det meste. For realiteten er, at kun meget få penge aftales ved selve finanslovforhandlingerne. I år kun 16,5 milliarder kroner, hvilket svarer til 2,5 pct. af finansloven.
 
Henrik Herløv Lund: Finanslov 2010: Nyliberalistisk krisepolitik kørt fast
Socialistisk Arbejderavis nr. 293, dec 09 – side 12
Note: Med finansloven for 2010 har regeringen Lars Løkke Rasmussen fået vedtaget sin første egenhændige finanslov. Men, selvom der synes at være et opsving på vej, tyder alt på, at ledigheden fortsat vil være stor og stigende i de kommende år Krisen er med andre ord langt fra ovre og arbejdsløsheden endnu mindre.
 
Alex Callinicos: Imperialism and global political economy
International Socialism Journal nr. 108, sep 05 – side 109
 
Chris Harman: Booms, slumps and theory (Pavel V Maksakovsky: "The Capitalist Cycle")
International Socialism Journal nr. 107, jun 05 – side 197
Note: A review of Pavel V Maksakovsky, The Capitalist Cycle (Brill, Historical Materialism book series, 2004), Euro 59.
 
Jane Hardy: The state of the union (Joseph Stiglitz: "The Roaring Nineties: Seeds of Destruction" + Paul Krugman: "The Great Unravelling: From Boom to Bust in Three Scandalous Years")
International Socialism Journal nr. 102, mar 04 – side 109
Note: Jane Hardy looks at the latest books by Joseph Stiglitz and Paul Krugman.
 
Judy Cox: Can capitalism go on forever? (Rosa Luxemburg: "The Accumulation of Capital")
International Socialism Journal nr. 100, sep 03 – side 133
Note: Judy Cox on Rosa Luxemburg's under-appreciated classic 'The Accumulation of Capital'.
 
Jane Hardy: Toil and trouble: the nature of the US economy (Robert Brenner: "The Boom and the Bubble: The US in the World Economy")
International Socialism Journal nr. 98, mar 03 – side 125
Note: Robert Brenner’s latest work on the US economy.
 
Michael Kidron: Failing growth and rampant costs: two ghosts in the machine of modern capitalism
International Socialism Journal nr. 96, sep 02 – side 87
Note: CAPITALISM'S CAPACITY to waste resources grows as it ages, argues Mike Kidron, as he returns to themes that he first addressed in this journal over 20 years ago. But his arguments have renewed relevance in the age of the global anti-capitalist movement.
 
Martin B. Johansen: Marxisme i hverdagen: Statsgælden er deres
Socialistisk Arbejderavis nr. 178, dec 99 – side 7
Note: Indholdet i næste års finanslovforlig er paradoksalt: På den ene side er der overskud, på den anden side skal der igen skæres ned på bl.a. uddannelser.
 
Chris Harman: The myth of market socialism
International Socialism Journal nr. 42, mar 89 – side 3
Note: The tide of free market ideas is running as strongly as ever among socialists, both in the West and in Eastern Europe. In 'The myth of market socialism' Chris Harman confronts the work of Alex Nove, one of the foremost theorists of market socialism. His critique of the theory of the market complements Mike Haynes' analysis of three market economies – Yugoslavia, Chile and Hungary – in 'Nightmares of the market', published in our last issue.
Taken together these articles provide a damning analysis of both the theory and practice of modern free marketeers.
 
Mike Haynes: Nightmares of the market
International Socialism Journal nr. 41, dec 88 – side 3
Note: From Kinnock to Gorbachev we're told those who support the market hold the key to our future. Yet, West or East, wherever the market has been given its head the cost to working people has been massive.
Mike Haynes shows that in Chile, once the showpiece of monetarism, and in Yugoslavia and Hungary – the great hope of market socialists – society is being ripped apart by market forces.
 
Nigel Harris: Deindustrialisation
International Socialism Journal nr. 7, dec 79 – side 72
Note: A spectre is haunting the treasuries of the advanced capitalist countries. It is not yet, regrettably, the spectre of proletarian revolution, but of the obsolescence of capitalism itself, or rather of its great productive engine, industry. In Britain, the trend is known as ‘deindustrialization’.
 
Økonomisk teori
Tomáš Tengely-Evans: Piketty and Marx
International Socialism Journal nr. 143, jul 14 – side 177
Note: A review of Thomas Piketty, Capital in the Twenty-First Century (Harvard University Press, 2014), £29.95.

In January, Oxfam’s “Working for the Few” report tore apart the idea that wealth “trickles down” and revealed that just 85 billionaires now own more than the poorest half of the world’s population. In the past year alone Britain’s 1,000 richest individuals have seen their wealth increase by 15 percent from £449 billion.
 
Joseph Choonara: Financial times
International Socialism Journal nr. 142, apr 14 – side 111
Note: A review of Costas Lapavitsas, Profiting Without Producing: How Finance Exploits Us All (Verso, 2013), £20
In the substantial body of Marxist literature emerging in the wake of the economic crisis that began in 2007-8, two broad positions have been evident.
 
Brian O’Boyle: Cracking the crisis – Financial conspiracy or falling rate of profitability?
Irish Marxist Review (Irland) nr. 7, sep 13 – side 17
Note: The current economic crisis is now into its sixth year. Around the world tens of millions of jobs have been lost, pensions have been destroyed and essential services have been routed. This has been the most visible consequence of the economic devastation, but what is ultimately causing the crisis?
 
Michael Roberts: What’s wrong with the Keynesian answer to austerity?
Socialist Review nr. 379, apr 13 – side 22
Note: As austerity measures bite while the economy continues to flatline, arguments for a Keynesian response to the recession are gaining traction. Marxist economist Michael Roberts casts a critical eye over the Keynesian case, arguing that it misunderstands the causes of capitalist crisis.
 
Brian O’Boyle: Keynesianism and the Crisis
Irish Marxist Review (Irland) nr. 3, sep 12 – side 11
Note: The economic crisis that gripped the world in 2008 shows no signs of abating, with growth and accumulation generally stuck below their pre-recession levels. The global debt mountain has also reached staggering proportions, whilst investment and employment continue to stagnate. Increasingly commentators realise that this is no ordinary recession.
 
Joseph Choonara: Review: Nude, shrewd but sometimes crude
International Socialism Journal nr. 134, apr 12 – side 220
Note: Steve Keen, Debunking Economics: The Naked Emperor Dethroned, 2nd edition (Zed, 2011), £18.99
When I first became interested in Marxist political economy, I longed for a critique of mainstream economics written by someone who was thoroughly familiar with the discipline. Heterodox economist Steve Keen has produced just such a work.
 
Mona Dohle: Economy class: Does money make the world go round?
Socialist Review nr. 367, mar 12 – side 35
Note: Money is a key factor in explaining inequalities in the world today. Rich people can pay for the best healthcare, education and lifestyle. It seems as though “money makes the world go round”. For those who want to challenge inequality, money is therefore an obvious target.
 
Guglielmo Carchedi: Behind and beyond the crisis
International Socialism Journal nr. 132, okt 11 – side 121
Note: The 2007 financial crisis has reignited the discussion on crises, their origin and possible remedies. At present the most influential thesis on the left sees the crisis as caused by underconsumption and recommends Keynesian policies as a solution.
 
Joseph Choonara: Once more (with feeling) on Marxist accounts of the crisis
International Socialism Journal nr. 132, okt 11 – side 157
Note: A review of David McNally, Global Slump: The Economics and Politics of Crisis and Resistance (Spectre, 2011), £12.95; and Leo Panich, Greg Albo and Vivek Chibber (eds), Socialist Register 2011: The Crisis This Time (Merlin, 2011), £25
 
Joseph Choonara: Decoding capitalism
International Socialism Journal nr. 129, jan 11 – side 137
Note: A review of David Harvey, The Enigma of Capital (Profile, 2010), £14.99
David Harvey ranks today among the world’s most renowned Marxist theoreticians. His fame is thoroughly deserved. Few red professors have his gift for presenting sophisticated ideas with such clarity or his commitment to exploring the central questions of the moment.
 
Alex Callinicos: Book reviews: Intellectual weapons
International Socialism Journal nr. 129, jan 11 – side 223
Note: Ha-Joon Chang, 23 Things They Don’t Tell You About Capitalism, (Allen Lane, 2010), £20.00
Ha-Joon Chang is an economist based at Cambridge who has made a reputation as a critic of the free-market orthodoxy in development economics. Thus in Kicking Away the Ladder he showed how the leading Western capitalist states demand that developing economies abjure all the protectionist methods that they themselves had used to industrialise in the first place.
 
Gonzalo Pozo: Reassessing the permanent arms economy
International Socialism Journal nr. 127, jul 10 – side 111
Note: In his 1938 Transitional Programme (entitled “The Death Agony of Capitalism and the Tasks of the Fourth International”), Leon Trotsky had predicted an imminent collapse of the Soviet Union and an equally imminent crisis of Western capitalism. However, the world landscape after the war was fundamentally different, if not diametrically opposed to the one anticipated by Trotsky.
 
Joseph Choonara: Book review: Economic development
International Socialism Journal nr. 127, jul 10 – side 199
Note: Dimitris Milonakis and Ben Fine, From Political Economy to Economics: Method, the Social and the Historical in the Evolution of Economic Theory (Routledge, 2009), £33.99
Dimitris Milonakis and Ben Fine, From Economics Imperialism to Freakonomics: The Shifting Boundaries between Economics and other Social Sciences (Routledge, 2009), £31.99
These two books are a genuine achievement in Marxist scholarship. The second deservedly won the authors the 2009 Isaac and Tamara Deutscher Prize. Together they form a timely examination of the history of economic thought and its relationship to wider social theory.
 
Chris Harman: Not all Marxism is dogmatism: a reply to Michel Husson
International Socialism Journal nr. 125, jan 10 – side 95
Note: Michel Husson has criticised a number of Marxist economists, including myself, in the most stringent manner.1 He writes that:
The crisis has given rise in recent months to a series of contributions characterised by a counterproductive and discouraging dogmatism…What these contributions have in common are references to the orthodox interpretation of the law of the tendency of the rate of profit to fall.
 
Guglielmo Carchedi: Zombie Capitalism and the origin of crises
International Socialism Journal nr. 125, jan 10 – side 113
Note: This is the second in a series of responses to Chris Harman’s last book, Zombie Capitalism: Global Crisis and the Relevance of Marx. It was written shortly before Chris’s death.
 
Andrew Kliman: Pinning the blame on the system
International Socialism Journal nr. 124, okt 09 – side 85
Note: This is the first in a series of responses to Chris Harman’s latest book, Zombie Capitalism: Global Crisis and the Relevance of Marx.
 
Jonny Jones: Book review: Zombie Capitalism
Socialist Review nr. 338, jul 09 – side 25
Note: Chris Harman, Bookmarks Publications; £16.99
Lenin once wrote of politics, "There are decades when nothing happens; and there are weeks when decades happen." For people around the world, rich and poor, young and old, this statement could rarely have rung more true than late in 2008 when the economic orthodoxy came down to earth with an almighty bump.
 
Feiyi Zhang: Book Review: Laying the groundwork
International Socialism Journal nr. 121, jan 09 – side 181
Note: Marcello Musto (ed), Karl Marx’s Grundrisse: Foundations of the Critique of Political Economy 150 Years Later (Routledge, 2008), £65
The current global financial meltdown highlights the need to both grasp and apply Karl Marx’s analysis of the crisis-prone and exploitative capitalist economy. The Grundrisse is a manuscript in which Marx elaborated his plan for his major work, Capital, and developed his understanding of the central characteristics of capitalism.
 
Chris Harman: To sider af John Maynard Keynes
Socialistisk Arbejderavis nr. 284, dec 08 – side 14
Note: Økonomer på både højre- og venstrefløjen fremhæver Keynes som svaret på krisen. Men når nu hans teorier kun gør meget lidt for at udfordre kapitalismens jerngreb, er det så ikke på tide, at venstrefløjen erkender hans svagheder?
 
Anindya Bhattacharyya: History of economics: The ruling class are running out of answers
Socialist Worker nr. 2127, nov 08 – side 6
Note: In the last part of our series Anindya Bhattacharyya argues that neither Keynes nor the neoliberals can solve the crisis
 
Anindya Bhattacharyya: History of economics: How the cover-up of exploitation began
Socialist Worker nr. 2126, nov 08 – side 6
Note: In the second part of our series on economics Anindya Bhattacharyya shows how the ruling class rewrote their economic theories as capitalism developed
 
Judith Orr: John Maynard Keynes – the second coming
Socialist Review nr. 330, nov 08 – side 4
Note: Politicians and economists across the world are dusting off their copies of the works of economist John Maynard Keynes. Suddenly the free market needs rescuing and state intervention appears to be the only solution to the crash.
 
Joseph Choonara: The value of money
Socialist Review nr. 330, nov 08 – side 15
Note: How do the billions wiped off the stock market relate to the rest of the capitalist system? Joseph Choonara goes back to Karl Marx to explain.
 
Chris Harman: In Perspective: Two faces of John Maynard Keynes
Socialist Review nr. 330, nov 08 – side 21
Note: Economists, both left and right, are championing Keynes as the answer to the crisis. Since his theories do little to challenge the fundamental grip of capitalism, isn't it time for those on the left to recognise his flaws?
 
Anindya Bhattacharyya: History of economics: Discovering the source of wealth
Socialist Worker nr. 2125, nov 08 – side 6
Note: In the first part of our new series on the history of economics, Anindya Bhattacharyya examines the theories of Adam Smith and David Ricardo
 
Jørn Andersen: Krise-tema: Krise-ABC for socialister
Socialistisk Arbejderavis nr. 280, jul 08 – side 10
Note: Hvad betyder krise? I en kapitalistisk økonomi er der to former for krise: Cykliske kriser opstår med jævne mellemrum. Bag dem ligger en mere grundlæggende profitratekrise.
 
Chris Harman: The rate of profit and the world today
International Socialism Journal nr. 115, jul 07 – side 141
Note: The “tendency of the rate of profit to fall” is one of the most contentious elements in Karl Marx’s intellectual legacy.1 He regarded it as one of his most important contributions to the analysis of the capitalist system.
 
Joseph Choonara: Review: Marx's "transformation" made easy
International Socialism Journal nr. 115, jul 07 – side 216
Note: Andrew Kliman, Reclaiming Marx’s “Capital”: A Refutation of the Myth of Inconsistency (Lexington, 2007), £17.99
 
Judy Cox: Where Capital came from
International Socialism Journal nr. 106, mar 05 – side 185
Note: A review of Isaac Ilyich Rubin: "A History of Economic Thought" (Bertram), £19.99
 
Michael Kidron: A Permanent Arms Economy (1967)
Note: The background to the article reprinted here is the 'long boom' of western capitalism during the 1950s and 1960s. It first appeared in International Socialism journal 1:28 (Spring 1967).
Alt. url: vorhaug.net
 
Chris Harman: Galehusets økonomi. Kapitalismen og markedet i dag (norsk)
Note: Oversat fra "Economics of the Madhouse" (Bookmarks, 1995)
Alt. url: Køb den engelske udgave på Forlaget Modstand.org
 
Judy Cox: Can capitalism be sustained? (David Harvey: "The Limits to Capital")
International Socialism Journal nr. 86, mar 00 – side 139
Note: David Harvey is well known as the author of the influential 'The Condition of Postmodernity' and before that as a champion of Marxist economics. The publication of a new edition of 'The Limits to Capital' marks the revival of interest in Marxist accounts of capitalism.
 
Tom Christiansen: Jesper Jespersen: “Økonomi og virkelighed – Fem økonomiske ‘sandheder’ til debat”: Angreb på liberalismen
Socialistisk Revy nr. 10, dec 98 – side 24
Note: Det er to år siden, at Jesper Jespersen i sin bog “Økonomi og virkelighed” angreb de liberalistiske økonomer – også kaldet neoklassikerne – for at være skyld i, at Europa de sidste 20 år har haft en stigende arbejdsløshed. Dengang vakte bogen ikke så stor opmærksomhed.
 
Judith Orr: Making a comeback: the Marxist theory of crisis
International Socialism Journal nr. 79, jun 98 – side 63
Note: A central aspect of Marx's work was his explanation of why economic crises are endemic in capitalism. Judith Orr reviews a new account of this analysis
 
Rob Hoveman: Financial crises and the real economy
International Socialism Journal nr. 78, mar 98 – side 55
Note: Rob Hoveman restates the Marxist account of how financial crashes and industrial slumps are linked, taking his example from the fate of the Tiger economies.
 
Ole Mølholm Jensen: Hvad skaber arbejde
Socialistisk Arbejderavis nr. 161, jun 97 – side 4
Note: Metoden til at skabe flere arbejdspladser på, fremstilles ofte af regeringen som en tostrenget indsats.
 
Chris Harman: The crisis of bourgeois economics
International Socialism Journal nr. 71, jun 96 – side 3
Note: Mainstream economics has suffered a double blow in the last 30 years. First the post-war consensus that government intervention could offset recessions, formed around the work of John Maynard Keynes, was blown apart by the resurgent economic crises of the 1970s. But now the free market dogma which replaced Keynesian economics has proved equally incapable of either explaining capitalism's continuing instability or providing a strategy for overcoming it.
Chris Harman examines the failure of establishment economic thought and charts the dilemma with which it faces both Labour and Tory politicians.
 
Martin B. Johansen: Marxisme i hverdagen: Koster lønstigninger arbejdspladser?
Socialistisk Arbejderavis nr. 112, feb 95 – side 9
Note: En jævnligt tilbagevendende påstand er, at hvis de folk, der er i arbejde, skal have mere i løn, så vil det gå ud over beskæftigelsen. Med andre ord: det er yderst usolidarisk, når grupper som sygeplejerskerne kræver lønforhøjelser på op til 15%.
 
Peter Green: Questions on the crisis: The seeds of slump. Why are there booms and slumps?
Socialist Review nr. 112, sep 88 – side 21
 
Nigel Harris: Theories of unequal exchange
International Socialism Journal nr. 33, sep 86 – side 111
 
Peter Green: Once more on the rate of profit – a reply to Dave McNally's 'Debt, inflation and the crisis'
International Socialism Journal nr. 32, jun 86 – side 101
Note: McNally's article was in ISJ2:30
 
Charlie Lywood: Kapitalismen i krise: Permanent våbenøkonomi
Socialistisk Arbejderavis nr. 16, jan 86 – side 7
Note: Økonomiske kriser under kapitalismen er et resultat af, at systemet bygger på konkurrence mellem de forskellige enkeltkapitaler.
 
Dave McNally: Debt, inflation and the rate of profit
International Socialism Journal nr. 30, sep 85 – side 42
 
Leon Trotskij: The interaction between booms, slumps and strikes
International Socialism Journal nr. 20, jun 83 – side 132
Note: Er oversat til dansk og kan læses på Marxisme Online
 
Peter Green: What's in a word: Keynesianism: what does it mean?
Socialist Review nr. 40, feb 82 – side 14
 
B. Vandesteeg + S. Freeman: What is ‘Unproductive Labour’
International Socialism Journal nr. 12, mar 81 – side 85
Note: The importance of a Marxist theory of productive labour has been neglected in the analysis of the present crisis. In recent years there has been some controversy among Marxist economists over how we should properly define productive labour. But these debates have remained at an academic level and have not been used to develop practical socialist politics.
 
Alex Callinicos: Wage Labour and State Capitalism: A reply to Peter Binns and Mike Haynes
International Socialism Journal nr. 12, mar 81 – side 97
Note: An otherwise excellent critique of “exceptionalist” analyses of the eastern bloc by Peter Binns and Mike Haynes in a recent issue of International Socialism was vitiated by the authors’ acceptance of the proposition that “wage-labour is not necessary to capital” (p. 29).
 
Chris Harman: Marx’s Theory of Crisis and its critics
International Socialism Journal nr. 11, dec 80 – side 30
Note: This is the second part of an article on locating the crisis. The first part, Theories of the crisis, appeared in IS 2:9, Summer 1980
 
Chris Harman: Theories of the Crisis
International Socialism Journal nr. 9, jun 80 – side 45
Note: It is now six years since the worst recession since World War II hit the western economies. A new recession is now developing, even though in most countries there has not been anything like sustained recovery from the last recession. The rate of growth in the ‘post-recession’ year, 1978, was less than the average for boom and slump years prior to 1973.
 
Miguel Garcia: Karl Marx and the formation of the average rate of profit
International Socialism Journal nr. 5, jun 79 – side 54
Note: Since von Bortkiewicz it has frequently been assumed that Marx’s solution to the ‘transformation problem’ is faulty. In this article we shall try to show: (a) that Marx’s solution was correct; (b) that it leads to no inconsistencies in his theory of value; (c) that even in spite of this solution, von Bortkiewicz misunderstood the problem.
 
Peter Green: The necessity of value and a return to Marx: Part 2 – in reply to the critics
International Socialism Journal nr. 4, mar 79 – side 15
 
Peter Green: The necessity of value and a return to Marx: Part 1 – the theory of value
International Socialism Journal nr. 3, dec 78 – side 56
Note: Marx’s theory of value is the cornerstone of his whole investigation of capital. It is at this point that he breaks decisively with all bourgeois economics.
 
Alex Callinicos: ‘Marx’s “Capital” and Capitalism Today’ – a critique
International Socialism Journal nr. 2, sep 78 – side 83
Note: A Cutler, B Hindess, P Hirst, A Hussein: ‘“Marx’s Capital and Capitalism Today’”
 
Chris Harman: Review: Mandel’s ‘Late Capitalism’
International Socialism Journal nr. 1, jul 78 – side 79
Note: Ernest Mandel: “Late Capitalism”
We are four and a half years into the worst world crisis since World War II and there seems to be no end to it in sight. An understanding of this crisis is central to the strategy and tactics of revolutionary socialism. Are we faced with a temporary hiccough in the upward curve of capitalism? Or are we in for decades of decline for the world system?
 
John Ure: Marxist Economics (Part 2): Capitalism as a System of Crisis
International Socialism Journal (1st series) nr. 80, jul 75 – side 23
 
John Ure: Marxist Economics: Part 1: The Nature of Capitalism
International Socialism Journal (1st series) nr. 79, jun 75 – side 33
Note: This is the first part of four articles by John Ure on the substance of Marxist economic theory. The subsequent articles will appear in the July/August, September and October issues of the Journal.
 
Jette Larsen: Anmeldelse: Paul Mattick: “Marx og Keynes. Blandingsøkonomiens grænser”
Proletar! nr. 9, aug 74 – side 31
Note: Marx klarlagde gennem sin kritik af den politiske økonomi den kapitalistiske produktions samfundsmæssige karakter og kapitalakkumulationens modsætningsfyldte tendenser, som ville føre produktionen ud i stadig dybere kriser.
 
LO (Lutte Ouvrière, Frankrig): Ny-Malthusianisme – en bortforklaring af de kapitalistiske kriser
Proletar! nr. 8, maj 74 – side 38
Note: Offentliggørelsen af den velkendte Mansholt Rapport, hvori forfatteren fremlagde sine synspunkter angående den økonomiske vækst, synes at have åbnet sluserne for en sand bølge af malthusianske ideer.
 
Paul Mattick: Review: Mandel’s Economics: Another View
International Socialism Journal (1st series) nr. 37, jun 69 – side 35
Note: In the last issue of International Socialism we printed a review of Mandel’s book[1] by Michael Kidron. We are now printing another review of the same book by the American Marxist, Paul Mattick.
 
Michael Kidron: Maginot Marxism: Mandel’s Economics
International Socialism Journal (1st series) nr. 36, apr 69 – side 33
Note: Mandel’s "Economics" is a Marxist failure. It is unsure of the central capitalist dynamic. It evades the essentials of the system as it operates today. It is more concerned with defending Marx’s categories of analysis than with applying them. In consequence, it does little damage to the system intellectually or, by derivation, in practice.
 
Michael Kidron: Marx’s Theory of Value
International Socialism Journal (1st series) nr. 32, mar 68 – side 8
Note: It seems improbable that marxists should have spent a century defending two very abstract propositions: that values are measured by the amount of time necessarily and actively spent in creating them, and that under certain stringently-defined and wholly artificial conditions equal values exchange. It is at least as improbable that anti-marxists should have spent as much time attacking them, or that a blander school of non-marxists should now bother to deny their relevance. Yet in different tones and with different talent, they have done so and, as this shows, are still doing so.
 
Verdensøkonomi
Chris Harman: Globalisation: a critique of a new orthodoxy
International Socialism Journal nr. 73, dec 96 – side 3
Note: `Globalisation' has become the new orthodoxy of establishment economics ­ as much for the supporters of Tony Blair's New Labour as for free market conservatives. Chris Harman examines the claim that the world market is now such a powerful force that neither states nor organised labour can withstand its pressures. He debunks the assertions of globalisation theorists and gives a careful account of the inter-relationship between multinational capital, the state and the modern working class.
 
Chris Harman: Where is capitalism going? (part II)
International Socialism Journal nr. 60, sep 93 – side 77
Note: 'WHERE IS capitalism going?' is the second part of a major examination of trends in the world economy. In International Socialism 58 Chris Harman looked at the prospects for the economies of the advanced industrialised world. Here he looks at some key economies in the Third World-India, China and the Newly Industrialising Countries of south and east Asia. He traces the links between the economic changes of the last 20 years, the fall of both state capitalist and neo-liberal economic orthodoxies, and the growth of instability in the world imperialist system.
 
Chris Harman: Where is capitalism going? (Part I)
International Socialism Journal nr. 58, mar 93 – side 3
Note: Pro-capitalist commentators were supremely confident that the 1980s boom marked a decisive turning point in the fortunes of their system. Optimism continued to rise, unchecked even by the stock exchange crash of 1987. But now these same writers stare out at the wasteland of a world economy suffering the most damaging slump since the 1930s, but have no explanation of why boom turned to bust. In `Where is Capitalism going?' Chris Harman looks at the weaknesses of the 1980s boom, the seriousness of the new slump and at the relevance of Marxist theory in providing an explanation of how the one turned into the other. The first part of `Where is Capitalism going?' looks at the core of the system, the advanced capitalist states. The second part, to appear in the next issue of International Socialism, will examine the economies of Latin America, India, China and the Newly Industrialising Countries of the Pacific rim.
 
Nigel Harris: The Asian boom economies and the 'impossibility' of national economic development
International Socialism Journal nr. 3, dec 78 – side 1
 
Økonomisk krise
Se også: Krise og modstand historisk
Joseph Choonara: A reply to David McNally
International Socialism Journal nr. 135, jul 12 – side 167
Note: David McNally writes in response to my review of his Global Slump that we need “serious, committed debate designed to strengthen the theoretical and practical capacities of the left”. I agree.
 
Gabriele Piazza: Systemic failures
International Socialism Journal nr. 132, okt 11 – side 211
Note: Gérard Duménil and Dominique Lévy, The Crisis of Neoliberalism (Harvard University, 2011), £36.95
Gérard Duménil and Dominique Lévy have made significant contributions to the understanding of Marxist economics over the years. Their new book focuses on neoliberalism and the most recent crisis.
 
Chris Bambery: Marxists and recession: Gramsci and the phases of war
Socialist Worker nr. 2152, maj 09 – side 6
Note: In the first part of our new series Chris Bambery looks at the link between workers’ struggle and revolution
 
Joseph Choonara: Unravelling Capitalism: A Return to Marx
Socialist Worker nr. 2152, maj 09 – side 13
Note: Joseph Choonara talked to Socialist Worker about his new book Unravelling Capitalism and the renewed interest in Marxist economic ideas
 
Chris Bambery: Can countries become bankrupt?
Socialist Worker nr. 2141, mar 09 – side 9
Note: “There’s a rumour going around that states cannot go bankrupt,” German Chancellor Angela Merkel said recently at a private bank event in Frankfurt. “This rumour is not true.”
 
Jørn Andersen: Fra krise til oprør?
Socialistisk Arbejderavis nr. 286, feb 09 – side 8
Note: Chefen for IMF, Den internationale Valutafond, Dominique Strauss-Kahn, forudsagde i midten af januar, at den økonomiske krise vil betyde mere uro.
 
Chris Harman: A year of war: The recession strikes back
Socialist Review nr. 266, sep 02 – side 13
Note: Chris Harman wonders whatever happened to the US economy's 'new paradigm'
 
Chris Harman: The new world recession
International Socialism Journal nr. 93, dec 01 – side 99
Note: As bosses and media pundits blame job losses on 11 September. Chris Barman, author of 'Economics of the Madhouse', examines the new world recession arguing that the contradictions which lead the economy from boom to bust were already well in place.
 
Chris Harman: Capitalism's morning after
Socialist Review nr. 255, sep 01 – side 10
Note: Crisis hits the industrial core says Chris Harman. There are stormy times ahead for the world economy.
 
Chris Harman: Beyond the boom
International Socialism Journal nr. 90, mar 01 – side 41
Note: The American boom appears to be running out of steam. Chris Harman, author of Economics of the Madhouse, looks at the causes of the boom, and at the reasons for the slowdown which is now encompassing the world's largest economy. He examines the inability of establishment economists to explain the return of the boom-slump cycle, the relationship between finance capital and the real economy, and the likely political effects of an economic crisis.
 
Larry Elliott + Dan Atkinson: Reflating Keynes: a different view of the crisis
International Socialism Journal nr. 82, mar 99 – side 39
Note: Economic turmoil is still spreading across the globe more than a year after it first hit South East Asia. In our last issue we examined this crisis in detail. Here The Guardian's economic analysts Dan Atkinson and Larry Elliott use the account of the world economy first developed in their book The Age of Insecurity to present a Keynesian perspective on some aspects of the crisis.
 
Peter Morgan: The new Keynesians: staking a hold on the system?
International Socialism Journal nr. 82, mar 99 – side 49
Note: A new collection of essays by another new Keynesian, The Observer editor Will Hutton, is reviewed by Peter Morgan.
 
Rob Hoveman: Brenner and crisis: a critique
International Socialism Journal nr. 82, mar 99 – side 57
Note: Rob Hoveman brings this issue's continuing coverage of key debates in economics to a close with his review of a recently published account of the changes in post-war capitalism by Marxist writer Robert Brenner.
 
Colin Sparks: The eye of the storm
International Socialism Journal nr. 78, mar 98 – side 3
Note: The tiger economies of South and East Asia were being held up only yesterday as models for success, not least by Tony Blair. But the crash of 1997, whose effects are still unravelling across the industrialised world, put an end to such easy propaganda. In three linked articles we look at the causes and consequences of the crisis. Colin Sparks explains the rise of the Tiger economies and charts the forces that brought them to their knees.
 
Peter Green: Questions on the crisis: Crisis, what crisis?
Socialist Review nr. 113, okt 88 – side 16
 
George Gorton: China's 'market socialism' – can it work, and how far can it go?
International Socialism Journal nr. 34, dec 86 – side 42
 
Chris Harman: The crisis last time
International Socialism Journal nr. 13, jun 81 – side 1
Note: As capitalism ages, it finds it more and more difficult to overcome the pressures leading to stagnation and deep crises. Its efforts to do so involve measures that are in themselves increasingly devastating to the system and those who live in it.
 
Økonomisk vækst/degrowth
Se også: Miljø
Gareth Dale: The growth paradigm: a critique
International Socialism Journal nr. 134, apr 12 – side 79
Note: In respect of climate change, the hurricane that tore into New York was the game changer. The floods it unleashed forced the authorities to organise a mass airlift evacuation of much of the city’s population, and to begin planning the relocation of the city’s stock exchange to a less vulnerable site.
 
Jørn Andersen: Boganmeldelse: Modvækst – omstilling til fremtiden?
Socialistisk Arbejderavis nr. 315, dec 11 – side 12
Note: ”Hvordan kan man have uendelig vækst på en begrænset klode?” spurgte Climate Justice Action på klimademonstrationen under topmødet i København i 2009.
 
Tom Walker: We don't have to abandon industrial progress to beat climate change
Socialist Worker nr. 2180, dec 09 – side 8
Note: The problem is not technology – it is what capitalism has done with it.
 
Karen S Andersen: Økonomien set med røde øjne: Blind vækst medfører forurening og rovdrift på naturen: Er nulvækst mulig?
Socialistisk Arbejderavis nr. 53, okt 89 – side 10
Note: Den stigende forurening og miljøødelæggelse har efterhånden skabt en veludviklet miljøbevidsthed hos mange mennesker.
 
Øk. kriser: 1930erne
Jørn Andersen: 30‘ernes krise og i dag
Socialistisk Arbejderavis nr. 289, jun 09 – side 11
Note: Krisen i dag er endnu ikke nær så dyb som krisen i 30‘erne. Om den vil blive det, kan kun fremtiden vise. Men lad os kigge på forskellene i omfang – og på ligheder og forskelle hos de bagvedliggende faktorer.
 
Chris Harman: Var “New Deal” en god deal?
Socialistisk Arbejderavis nr. 285, jan 09 – side 14
Note: Det er den gængse opfattelse, at præsident Franklin D Roosevelt fik USA ud af depressionen med sin “New Deal”. Men faktisk var der flere kræfter i spil.
 
Chris Bambery: Krise og krig har også tidligere hængt sammen
Socialistisk Arbejderavis nr. 285, jan 09 – side 16
Note: Den store depression i 1930erne blev også indledt af kreditkrise og handelskrige.
 
Chris Bambery: Recession and war have been linked in the past
Socialist Worker nr. 2133, jan 09 – side 4
Note: The Great Depression of the 1930s was preceded by the drying up of credit and the development of a trade war.
Hostilities initially emerged between Britain and the US, the two greatest global powers of the era.
 
Chris Harman: The slump of the 1930s and the crisis today
International Socialism Journal nr. 121, jan 09 – side 21
Note: “We are on the edge of the abyss. One slip and we will be into depression like that of the early 1930s.” That message has been repeated a thousand times in one way or another since the banking system imploded and stock markets sank in September and October 2008. However, there has been very little real analysis of what produced the great slump or of the real comparisons with the situation today.
 
Chris Harman: In Perspective: Was the 'New Deal' a good deal?
Socialist Review nr. 332, jan 09 – side 14
Note: It is accepted wisdom that President Franklin D Roosevelt pulled the US out of the Depression with the New Deal. But in reality there were numerous forces at play.
 
Nigel Davey: The Great Depression: Roosevelt’s double edged New Deal
Socialist Worker nr. 2095, apr 08 – side 8
Note: Last month saw the 75th anniversary of the inauguration of Franklin Delano Roosevelt’s (FDR) as US president. His election took place at a critical moment in the country’s history.
 
Anindya Bhattacharyya: Are we going back to the 1930s? The economic similarities
Socialist Worker nr. 2094, mar 08 – side 8
Note: Anindya Bhattacharyya analyses similarities and differences between the crisis then and today
 
Matthew Cookson: Are we going back to the 1930s? A decade of political polarisation
Socialist Worker nr. 2094, mar 08 – side 8
Note: Matthew Cookson looks at the decade of economic turmoil and political polarisation
 
Øk. kriser: 1970erne
Notes of the Month: The Crunch is Now
International Socialism Journal (1st series) nr. 80, jul 75 – side 3
Note: ‘STERLING plunges – devaluation level widens to 26.5 per cent’; ‘Bank of England backs statutory control of wages’; ‘June jobs worst since war’. Three headlines from the serious bourgeois press on 20 June, the day these Notes were written, three markers along the road to the most massive economic crisis anyone under fifty years of age can remember.
 
Sue Clegg: Oil and the Crisis
International Socialism Journal (1st series) nr. 80, jul 75 – side 21
Note: THERE ARE two widely held theories on the causes and consequences of the present crisis of capitalism.
 
Øk. kriser: 1980erne
Rob Hoveman: Financial crises and the real economy
International Socialism Journal nr. 78, mar 98 – side 55
Note: Rob Hoveman restates the Marxist account of how financial crashes and industrial slumps are linked, taking his example from the fate of the Tiger economies.
 
Costas Lapavitsas: Financial crisis and the Stock Exhange crash
International Socialism Journal nr. 38, mar 88 – side 3
 
Caspar Diklev: Kapitalistiske krampetrækninger
Socialistisk Arbejderavis nr. 25, dec 86 – side 10
Note: Et af de seneste bud på løsningen af Danmarks økonomiske trængsler var kartoffelkuren. Selv uden dette indgreb er der dårlige udsigter for en genrejsning af dansk økonomi.
 
Jason Meyler: Efter kartoffelkuren: Ny krise i økonomien
Socialistisk Arbejderavis nr. 24, nov 86 – side 5
Note: Schlu&ter er kommet i knibe. Det internationale opsving, som har båret hans såkaldte genopretningspolitik frem, er ved at fordufte.
 
Chris Harman: Oliekaos og krise
Socialistisk Arbejderavis nr. 20, jun 86 – side 10
Note: Gennem tiderne har borgerlige økonomer og politikere fortalt os, at de høje oliepriser bar skylden for den økonomiske krise. Nu falder oliepriserne igen. Alligevel skal vi ikke regne med, at krisen er slut. Prisfaldet er blevet brugt som påskud til både jule- og påskepakker.
 
Charlie Lywood: Kapitalismen i krise: Kapitalismens krampetrækninger
Socialistisk Arbejderavis nr. 18, mar 86 – side 7
Note: I mere end 10 år har det økonomiske system, kapitalismen, været i alvorlige vanskeligheder.
 
Jason Meyler: Smilet stivner – ny krise på vej
Socialistisk Arbejderavis nr. 16, jan 86 – side 4
Note: Schlüter forsøger at fastholde en illusion. Han bruger sit smil i håb om at aflede opmærksomheden, på samme måde som en tryllekunstner. Men smilet stivner i takt med, at det bliver endnu klarere, at regeringens »genopretnings-strategi« smuldrer.
 
Per Jensen: Værfterne på bistanden
Socialistisk Arbejderavis nr. 13, okt 85 – side 2
Note: A. P. Møller og resten af den danske værftsindustri græder krokodilletårer over manglende velvillighed fra den danske stat til at fylde deres lommer med flere penge. Gennem et kynisk spil med 12.620 værftsarbejdere som brikker truer de med massefyringer og kan fremvise tomme ordrebøger.
 
Kronebanken: Når kronerne bli’r for dyre
Socialistisk Arbejderavis nr. 5, feb 85 – side 2
Note: Regeringens genopretningsplan og den danske bankverden blev rystet, da landets syvende største bank, Kronebanken, var ved at krakke. Statsministeren og bankfyrsterne indkaldtes til nattemøder, hvor det blev besluttet, at de tre storbanker – og i sidste ende Nationalbanken – skulle pumpe penge i Kronebanken, indtil den kunne stabilisere sig.
 
Chris Harman: State capitalism, armaments and the general form of the current crisis
International Socialism Journal nr. 16, mar 82 – side 37
Note: The greatest sustained boom in its history. That was the experience of the world capitalist system from the 1940s to the early 1970s. Country after country experienced enormous economic growth. The American gross national product grew until it was three times as great in 1970 as it had been in 1940; German industrial output grew five fold from the (depressed) level of 1949; French output four fold. Even the miserable, long declining British economy was producing about twice as much at the end of the long boom as at the beginning.
 
Øk. kriser: 1990erne
Jamie Allinson: Lessons of last Japanese slump
Socialist Worker nr. 2150, maj 09 – side 6
Note: The impact of Japan’s economic crisis of the 1990s should offer a global warning
 
Rumy Hasan: East Asia since the 1997 crisis
International Socialism Journal nr. 92, sep 01 – side 99
Note: Economic recession has now taken hold of the US economy. Rumy Hasan looks back at the 1997 South East Asian crisis and examines its subsequent course and impact on the world system.
 
Alex Callinicos: The harder they come
Socialist Worker nr. 1672, nov 99 – side 4
Note: JUST OVER a year ago the world economy found itself standing at the edge of an abyss. The Russian crash of August 1998, coming in the wake of the Asian economic crisis, sent global financial markets into panic. That seems far behind us today.
 
Brasilien: Krisens næste offer?
Socialistisk Revy nr. 12, feb 99 – side 10
Note: Netop som økonomiske kommentatorer beroligede hinanden med, at den økonomiske krise var forbi, at nedgangen i Sydøstasien vistnok var vendt til en lille vækst, at krisen i Rusland var isoleret og at Latinamerika havde holdt stand, kollapsede den ottende største økonomi i verden, den brasilianske.
 
Krisen – er faren drevet over?
Socialistisk Revy nr. 10, dec 98 – side 19
Note: Muligheden for en økonomisk nedsmeltning af verdensøkonomien får ikke længere de store overskrifter. Tværtimod har aktiekurserne på de fleste børser rettet sig op efter faldet i august og september. Det har fået en række kommentatorer i den borgerlige presse til at ånde lettet op og sige, at faren er drevet over.
 
Alex Callinicos: World capitalism at the abyss
International Socialism Journal nr. 81, dec 98 – side 3
Note: Economic depression now threatens to engulf the globe, confounding those who even a few months ago were insisting that it would be confined to South East Asia. In the first article of our special issue devoted to the analysis of this crisis Alex Callinicos charts the spread of the economic crash from its origins in South East Asia, through the collapse of the Russian economy to the threat now posed to the advanced Western economies. He goes on to assess the prospects which the new situation opens up for the global stability of the system. He concludes with an overview of the strategies available both to our rulers and to the working class movement internationally.
 
Ved nærmere eftertanke: Kapitalismens grænse
Socialistisk Revy nr. 9, nov 98 – side 19
Note: “De grundlæggende elementer i økonomien er sunde. Problemerne ligger udelukkende i den finansielle sektor.” Sådan har tilhængerne af kapitalismen igen og igen i de seneste måneder beskrevet den krise, som er under udvikling.
 
Sharon Smith: USA på vrangen: Katastrofale væddemål
Socialistisk Revy nr. 9, nov 98 – side 26
Note: "Kongressen sender et tydeligt signal om, at ingen skal have lov til at handle uansvarligt og blot vaske deres hænder, mens andre bliver ladt tilbage med regningen," udtalte den republikanske demagog Dick Armey for nyligt, da Repræsentanternes Hus gennemførte en opstramning af konkurslovene.
 
Martin B. Johansen: Opsving med problemer
Socialistisk Revy nr. 5, jun 98 – side 4
Note: For mindre end et år siden var en række fremtrædende økonomer ved at skrotte deres gamle lærebøger i økonomi. De mente, at den økonomiske udvikling i bl.a. USA, Storbritannien og Danmark gav grund til at tale om en “ny økonomi”, der på afgørende måde brød med traditionelle økonomiske teorier.
 
Martin B. Johansen: Økonomi: Brister boblen?
Socialistisk Revy nr. 4, maj 98 – side 6
Note: Aviserne skriver om forbrugsfest. Ministre taler om et langvarigt økonomisk opsving. Nogle økonomer begynder at snakke om faren for "overophedning" og om, at det er nødvendigt at gribe ind mod forbruget. Anders Fogh Rasmussen vil støtte regeringen i et forbrugsindgreb – efter EU-afstemningen. Signalerne er forvirrende og modsat rettede.
 
Shin Gyoung-hee: The crisis and workers' movement in South Korea
International Socialism Journal nr. 78, mar 98 – side 39
Note: Shin Gyoung-hee writes from South Korea on the crisis of profitability which underlay that crash and on the prospects for the region's most militant and combative workers' movement.
 
Frank Antonsen: Krisen i Sydøstasien: Ingen kan vide sig sikker
Socialistisk Revy nr. 1, feb 98 – side 4
Note: Den økonomiske krise, der har hærget Asien siden sidste sommer, er langt fra slut. Tværtimod er der alle mulige tegn på, at den vil vokse og brede sig.
 
Chris Harman: Ved nærmere eftertanke: Kan krisen kureres?
Socialistisk Revy nr. 1, feb 98 – side 8
Note: Den økonomiske krise i Asien nægter at dø ud, og panikken og tvivlen begynder at melde sig hos borgerlige økonomer, forretningsfolk og politikere. Chris Harman gennemgår de forskellige forsøg på at forstå krisen, og hvad der skal gøres.
 
Aktiernes styrdyk: Det kapitalistiske børscasino
Socialistisk Arbejderavis nr. 170, nov 97 – side 4
Note: Den forgangne uges styrtdyk på aktiemarkederne er ikke blot “små korrektioner”, som markedets fortalere hævder, men tydelige tegn på kapitalismens elendighed.
 
Frank Antonsen: Asien: Mirakel afløst af krise
Socialistisk Arbejderavis nr. 167, sep 97 – side 2
Note: Der var ingen ny krisefri kapitalisme i Sydøstasien. Nogle få har beriget sig, og nu skal arbejderklassen betale gildet.
 
Jørn Andersen: Opsving i dansk økonomi: Mirakel eller fup: Hvor længe smiler Lykketoft?
Socialistisk Arbejderavis nr. 156, apr 97 – side 4
Note: Finansminister Lykketoft er synligt stolt. Fordi Nationalbanken, der ellers er ekspert i bekymrede miner, siger, at “udsigterne for dansk økonomi ved indgangen til 1997 er lysere end længe”.
 
Per Jensen: Krisen i Danmark 1993
International Socialisme nr. 5, jun 93 – side 15
Note: Da ja'et til EF-unionen d. 18. maj først var i boks, kunne det økonomiske råd sagtens offentliggøre sin vismandsrapport med prognoser om den danske økonomis udvikling: Selv med ja'et og de finanspolitiske lempelser, som der er lagt op til i skattereformen, vil arbejdsløsheden stige markant de næste par år. Det bliver efterhånden tydeligere, at ingen længere har nogle nationale løsninger på den økonomiske krise.
 
Øk. kriser: 2000-
Se også: Krise og modstand (internat.)
Michael Taft: Where We Are Now
Irish Marxist Review (Irland) nr. 11, dec 14 – side 16
Note: The economy is statistically moving out of recession. This can be defined as the economy returning to its pre-recession levels. Of course, this doesn't tell how us any particular category is doing: domestic demand, labour and capital, income and occupational groups, or economic sectors such as industry, retail or finance. In this article we will take a tour of some of these sub-categories to see who is running ahead and who is lagging behind, who is winning and who is losing; in short, what kind of recovery are we experiencing.
 
Anders Bæk Simonsen: Er Danmark stadig i en økonomisk krise?
Socialistisk Arbejderavis nr. 338, maj 14 – side 10
Note: “Dansk økonomi er i bedring efter svag vækst,” lyder det i en pressemeddelelse fra Økonomi- og Indenrigsministeriet.
 
Joseph Choonara: Financial times
International Socialism Journal nr. 142, apr 14 – side 111
Note: A review of Costas Lapavitsas, Profiting Without Producing: How Finance Exploits Us All (Verso, 2013), £20
In the substantial body of Marxist literature emerging in the wake of the economic crisis that began in 2007-8, two broad positions have been evident.
 
Michael Roberts: From global slump to long depression
International Socialism Journal nr. 140, okt 13 – side 17
Note: It is now six years since the first rumblings of the earthquake that was the global financial crash and the Great Recession. On 9 August 2007 BNP Paribas announced that it was closing down two of its funds of US mortgage backed securities and taking heavy losses. It was not long before other banks across the US and Europe announced similar losses. The stock market began to plunge from October 2007 (it had been faltering from March).
 
Brian O’Boyle: Cracking the crisis – Financial conspiracy or falling rate of profitability?
Irish Marxist Review (Irland) nr. 7, sep 13 – side 17
Note: The current economic crisis is now into its sixth year. Around the world tens of millions of jobs have been lost, pensions have been destroyed and essential services have been routed. This has been the most visible consequence of the economic devastation, but what is ultimately causing the crisis?
 
Alex Callinicos: Economic blues
International Socialism Journal nr. 138, apr 13 – side 3
Note: It will soon be six years since the credit crunch that developed in the summer of 2007 announced the onset of the present global economic and financial crisis. But the core regions of advanced capitalism remain mired in depression—that is, a long period when economies expand below their growth rate in the years before the crisis.
 
Mark Thomas: Small island, big crisis
Socialist Review nr. 379, apr 13 – side 4
Note: At the time of writing it is still unclear whether Cyprus’s banks will finally re-open. What has taken place on this small island state seems part of a by now familiar pattern of financial speculation, real estate boom and resulting collapse of a banking sector – one that had ballooned to around eight times the size of the economy it was attached to.
 
Sinead Kennedy: Crisis in the Eurozone: Between Austerity and Default
Irish Marxist Review (Irland) nr. 3, sep 12 – side 3
Note: Exactly five years ago the French bank BNP suspended its sub-prime mortgage funds in the US because of “an evaporation of liquidity”. The greatest economic crisis since the 1930s had begun, leading to the Great Recession of 2008-9 and now the Long Depression.
 
Mark Thomas: En ny fase i krisen
Socialistisk Arbejderavis nr. 321, jul 12 – side 2
Note: Krisen i Europa er gået ind i en ny fase. I 2008 startede den værste økonomiske krise siden 1930'erne. I 2010, og specielt fra 2011, var der et opsving i modstanden med en række massestrejker i Grækenland, Spanien, Portugal, Frankrig, Belgien og England, de Indignerede i Portugal, Spanien og Grækenland sidste forår, og Occupy-bevægelsen i efteråret.
 
Brian O’Boyle: Review: Clutching at straws? Some mainstream accounts of the crisis
International Socialism Journal nr. 135, jul 12 – side 179
Note: A review of Gillian Tett, Fool’s Gold: How Unrestrained Greed Corrupted A Dream, Shattered Global Markets and Unleashed a Catastrophe (Abacus, 2009), £8.99; Paul Krugman, The Return of Depression Economics (Penguin, 2008), £9.99; and Joseph Stiglitz, Freefall: Free Markets and the Sinking of the Global Economy (Penguin, 2010), £9.99
 
Alex Callinicos: Rumours of crisis, revolution and war
International Socialism Journal nr. 134, apr 12 – side 3
Note: The urgent sense of imminent catastrophe that gripped much of Western capitalism during the second half of 2011, eased off a little in the past few months. This is not so much because anything fundamental has changed.
 
Dave McNally: Feedback: Explaining the crisis or heresy hunting? A response to Joseph Choonara
International Socialism Journal nr. 134, apr 12 – side 177
Note: In opposition to ostensibly “pragmatic” politics, revolutionary Marxists have long insisted that the practice of changing the world is inextricably tied to the ways in which we understand and theorise it. Yet, while maintaining a resolute commitment to the indispensable role of theory, the best Marxist work has also resisted dogmatic ossification, insisting that, since the world we seek to understand is undergoing incessant transformation, so must the theoretical mappings in which we engage.
 
Gabriele Piazza: Review: After the fall
International Socialism Journal nr. 134, apr 12 – side 211
Note: Andrew Kliman, The Failure of Capitalist Production (Pluto Press, 2011), £16
The debate on the underlying causes of the Great Recession has divided Marxist and radical economists. Conventional left accounts of the crisis are rooted in the idea of a new phase of capitalism: neoliberalism.
 
Jack Farmer: Cash in hand: The $7.7 trillion dollar question
Socialist Review nr. 367, mar 12 – side 4
Note: Think austerity is inevitable because there simply isn't enough money? Think again.
 
Estelle Cooch: Europe's zombie banks
Socialist Review nr. 366, feb 12 – side 4
Note: Estelle Cooch on the why the latest bailout won't solve the Eurozone crisis.
 
Costas Lapavitsas + Stefan Bornost: Interview: Working people have no interest in saving the euro
International Socialism Journal nr. 133, jan 12 – side 55
Note: Costas Lapavitsas, Professor of Economics at the School of Oriental and African Studies, University of London, spoke to Stefan Bornost about the crisis in the eurozone.
 
Alex Callinicos: The crisis of our time
International Socialism Journal nr. 132, okt 11 – side 5
Note: As it has remorselessly unwound, the global economic and financial crisis has passed through a succession of turning points. The first came when the credit crunch began in August 2007. Then there was the collapse of Lehman Brothers in September 2008, precipitating the greatest financial crash since 1929.
 
Alex Callinicos: Athens modstand udløser krise hos eliten
Socialistisk Arbejderavis nr. 310, jul 11 – side 9
Note: Der er situationer, hvor den grundlæggende konflikt, der definerer det kapitalistiske samfund, bliver synlig for alle. Onsdag den 15. juni i Athen var en af dem.
 
Alex Callinicos: Unsteady as she goes
International Socialism Journal nr. 131, jul 11 – side 3
Note: For a while the high priests of capitalism congratulated themselves on the robustness of the economic recovery. Financial markets soared and there was euphoria about the robust expansion of the “emerging market” economies of the Global South. But in the past few weeks it has begun to sink in that the world economy is locked into a crisis that is far from over.
 
Alex Callinicos: Financial crisis is far from history
Socialist Worker nr. 2249, apr 11 – side 4
Note: Hardened boosters of capitalism must be tempted to dismiss the global economic and financial crisis as history. The Financial Times reported last Saturday that the hedge funds that profit from speculative bets in the financial markets now manage over $2,000 billion—“more money than they have ever done before, surpassing their peak in the pre-crisis boom days of 2007, when the industry could lay claim to $1,930 billion of client investments”.
 
Alex Callinicos: Capitalism’s crisis
Socialist Worker nr. 2244, mar 11 – side 15
Note: Socialist Worker asked Alex Callinicos to explain the continuing crisis of global capitalism—and whether governments will be able to make the working class pay for it.
 
Gareth Dale: Book review: A fiery polemic
International Socialism Journal nr. 128, okt 10 – side 221
Note: Alex Callinicos, Bonfire of Illusions: The Twin Crises of the Liberal World, (Polity Press, 2010), £14.99
A book’s dedication rarely relates closely to its content but this is an exception. Dedicated to the memories of Chris Harman and Peter Gowan, its twin themes are their lifelong preoccupations: capitalist crisis (Harman) and US imperialism (Gowan).
 
Analysis: The second bank bailout
International Socialism Journal nr. 127, jul 10 – side 3
 
The radical left and the crisis
International Socialism Journal nr. 126, apr 10 – side 3
Note: A tale of two journals --- This year marks the 50th anniversary of New Left Review (NLR). Not purely coincidentally, this journal also began its regular appearance (after an abortive launch two years earlier) in 1960. Launched against the background of the rise of a New Left in rebellion against both Western capitalism and Eastern Stalinism, International Socialism and NLR represent contrasting trajectories for journals of socialist theory.
 
Christakis Georgiou: Book review: Finance and capitalism in Europe
International Socialism Journal nr. 126, apr 10 – side 218
Note: John Grahl (ed), Global Finance and Social Europe (Edward Elgar, 2009), £79.95
Over the last 30 years European economies and their financial systems have undergone profound structural changes. Capital markets (bonds and equity) have become the main source of borrowing for firms. Barriers to capital mobility have been lifted, and a wave of directives from the European Commission have promoted the integration of financial markets and the privatisation of health and pension provisions.
 
Jakob Nerup: Kriseløsninger
Socialistisk Arbejderavis nr. 296, mar 10 – side 6
Note: I fjernsynet taler de om, at nu vender økonomien. Der er optimisme i de danske virksomheder, og økonomerne spår vækst. Det er desværre ikke den virkelighed, de arbejdsløse mærker. Tværtimod så vokser antallet af arbejdsløse. Og bag de optimistiske udtalelser til offentligheden, bliver krisen stadig dybere.
 
Jakob L. Krogh: Enhedslistens krisepjece: – Et godt første skridt
Socialistisk Arbejderavis nr. 295, feb 10 – side 9
Note: Venstrefløjen har behov for at forstå verden for at kunne forandre den. Derfor er det enormt positivt, at Enhedslisten har udgivet en pjece, der analyserer den økonomiske krise. Endnu mere positivet er det, at analysen er marxistisk.
 
Alex Callinicos: The British economy's worst drop since 1921
Socialist Worker nr. 2185, jan 10 – side 4
Note: The future course of the British and the world economies are shrouded in obscurity. But figures released last week give us a proper measure of the magnitude of what has already happened.
 
Shifting sands of the crisis
International Socialism Journal nr. 125, jan 10 – side 3
Note: Despite the euphoria that gripped the financial markets in the second half of 2009, the world economy continues to be hit by severe shocks. Another hit it in late November.
 
Alex Callinicos: A Tobin Tax won’t solve the problem
Socialist Worker nr. 2182, dec 09 – side 4
Note: Is the Tobin Tax on international financial transfers an idea whose time has come? It has been endorsed by the United Nations, Gordon Brown, Angela Merkel, the Archbishop of Canterbury, Financial Services Authority chair Lord Turner, and now the European Union (EU)
 
Jakob Nerup: Krisen er ikke forbi
Socialistisk Arbejderavis nr. 293, dec 09 – side 6
Note: „Nu bliver det bedre.“ „Finanskrisen er fortid.“ „Til næste år kommer væksten igen.“ Politikere, bankøkonomer og medier står i kø for at tale krisen væk og væksten i gang. Selvfølgelig ønsker vi, at de har ret, for så bliver vi ikke fyret, velfærden kan undgå besparelser, og vi kan finde en billig bolig. Men desværre taler realiteterne imod dem.
 
Wishful thinking
International Socialism Journal nr. 124, okt 09 – side 3
Note: “The Recession Is Over”.1 That is the message with which much of the media has chosen to mark the anniversary of the collapse of Lehman Brothers and the transformation of the credit crunch into the worst economic crisis since the 1930s.
 
Joseph Choonara: A note on Goldman Sachs and the rate of profit
International Socialism Journal nr. 124, okt 09 – side 179
Note: A recent paper produced by Goldman Sachs (GS) claims to shed new light on the trajectory of the global economy in the run-up to the current crisis. As well as discussing the “global savings glut”, the paper presents new research on the “return on physical capital”.
 
Alex Callinicos: Krisen er ikke slut for verdens ledere
Socialistisk Arbejderavis nr. 291, sep 09 – side 2
Note: Mindre end et år efter at Lehman Brothers gik, fallit er bankerne tilbage. Pustet op af nye profitter spiller de igen med musklerne.
Alt. url: Crisis is not over for world leaders
 
Jesper Høi Kanne: Klimakrise og økonomisk krise: Omlæg produktionen
Socialistisk Arbejderavis nr. 290, aug 09 – side 6
Note: Her midt i den økonomiske krise kunne det være rart, hvis denne var den eneste krise af betydning, som vi står overfor. Men den er som bekendt også galt med klimaet. Der udledes alt for meget CO2, mere end jorden kan nå at optage. Konsekvensen er global opvarmning, i et katastrofalt omfang, inden for få årtier, hvis ikke der gøres noget nu.
 
Alex Callinicos: Banks go back to bubble bonuses
Socialist Worker nr. 2161, jul 09 – side 4
Note: Alex Callinicos looks at the staggering arrogance of the bankers who think the crisis is over and they can return to their multi-million pound bonuses.
 
Analysis: Green shoots or wilting blossoms?
International Socialism Journal nr. 123, jul 09 – side 8
Note: We do not know whether the green shoots of recovery some observers claim to have seen in the late spring will wither in the summer heat. But they are unlikely to blossom this year or, for that matter, next. Stock exchanges may have risen by about 20 percent between February and June but the underlying reality is that the world economy is continuing to contract, with any limited revival in China or slowing of the decline in the US outbalanced by continued deterioration in continental Europe.
 
Esme Choonara: Marxist accounts of the current crisis
International Socialism Journal nr. 123, jul 09 – side 81
Note: Just as medical science progresses through pathology, Marxist political economy develops through the analysis of the actual crises of capitalism. It is therefore no surprise that the current paroxysm has sparked both a revival of interest in Marxism and a flurry of responses by prominent Marxists.
 
Chris Harman: Feedback: Confronting the wolf
International Socialism Journal nr. 123, jul 09 – side 189
Note: Neil Faulkner accused me in our previous issue of not seeing the “wolf” of economic crisis now that it is upon us.1 It is an accusation that, I must admit, mystified me, since only a year ago Jim Kincaid was accusing me of grossly overestimating the crisis-prone nature of the world system.
 
Zombie capitalism
Socialist Worker nr. 2157, jun 09 – side 13
Note: Chris Harman, who has just written a new book about why Marxist ideas are key to grasping how the system works, spoke to Socialist Worker.
 
Jørn Andersen: 30‘ernes krise og i dag
Socialistisk Arbejderavis nr. 289, jun 09 – side 11
Note: Krisen i dag er endnu ikke nær så dyb som krisen i 30‘erne. Om den vil blive det, kan kun fremtiden vise. Men lad os kigge på forskellene i omfang – og på ligheder og forskelle hos de bagvedliggende faktorer.
 
Alex Callinicos: Will the global economy recover?
Socialist Worker nr. 2150, maj 09 – side 4
Note: The idea that the green shoots of economic recovery are sprouting everywhere has become entrenched among a layer of economic pundits. They cite the fact that the stock markets have been rising quite strongly.
 
Chris Harman: Leap of faith: The ruling classes' "solution" to the economic crisis
Socialist Review nr. 336, maj 09 – side 10
Note: The media greeted the London G20 Summit as a great success and declared it to be "the day the world came together to fight recession with a plan for economic recovery and reform". Chris Harman looks at what lies behind the hype and the so called solutions put forward
 
Will the G20 bailout work?
Socialist Worker nr. 2146, apr 09 – side 8
Note: Gordon Brown’s G20 plan to “save the world” has been hailed a truimph by the media
 
Joseph Choonara: Capitalism isn't working: Can capitalism recover?
Socialist Worker nr. 2146, apr 09 – side 9
Note: Karl Marx’s writings were among the earliest to analyse what is now called the “business cycle” – the short-term tendency towards boom and bust built into capitalism
 
Alex Callinicos: Review: An apologist with insights
International Socialism Journal nr. 122, apr 09 – side 101
Note: A review of Martin Wolf, Fixing Global Finance: How to Curb Financial Crises in the 21st Century (Yale University, 2009), £18.99
 
Neil Faulkner: Feedback: From bubble to black hole: the neoliberal implosion
International Socialism Journal nr. 122, apr 09 – side 155
Note: “Revolutionary socialists today should not be…pontificating on the degree of damage that capitalism has done to itself, on whether we are in 1929, 1992 or whatever… We do not have a crystal ball…but we can see all too clearly what is happening now and what our responsibilities are.” So argues Chris Harman in his article in the previous issue of this journal.
 
Chris Harman: In perspective: Panic in high places
Socialist Review nr. 335, apr 09 – side 14
Note: Twenty years ago, as the USSR showed signs of crisis, I would read some of the daily translations the BBC provided from from the Soviet press. They created the clear impression of rulers who were losing control of events and did not know what to do. Today I get the same feeling as I read the Finacial Times (FT).
 
Joseph Choonara: Interview: David Harvey – Exploring the logic of capital
Socialist Review nr. 335, apr 09 – side 18
Note: Joseph Choonara spoke to acclaimed Marxist theoretician David Harvey about capitalism's current crisis and his online reading group of Karl Marx's Capital which shows the revival of interest in this work.
 
Judith Orr: Lehman Sisters?
Socialist Review nr. 334, mar 09 – side 15
Note: A steady stream of recent articles blames "macho behaviour" for the financial crisis. Judith Orr challenges the assumption that women would do it better.
 
Joseph Choonara: Book Review: John Bellamy Foster and Fred Magdoff: The Great Financial Crisis
Socialist Review nr. 334, mar 09 – side 26
Note: Monthly Review (MR) has been a leading journal of the US left since 1949. In its pages writers such as Paul Baran, Paul Sweezy and Harry Magdoff set out a distinct analysis of capitalism as it existed after the Second World War. This short book collects several recent MR essays by John Bellamy Foster and Fred Magdoff, along with two original chapters, that continue this task – with particular reference to the current economic crisis.
 
Chris Bambery: Economy: Trying to have it both ways
Socialist Worker nr. 2139, feb 09 – side 5
Note: The new US director of national intelligence, Dennis Blair, last week proclaimed that instability caused by the global economic crisis had outstripped terrorism to become the country’s biggest security threat.
But for finance ministers from the G7 rich countries, who gathered in Rome on Friday of last week, there is a rival problem – protectionism.
 
Graham Turner: Which economy will be bottom?
Socialist Worker nr. 2137, feb 09 – side 12
Note: The economic crisis is hitting Britain and the US hard, but they are not the only countries that will suffer
 
Joseph Choonara: The economic crisis deepens
Socialist Review nr. 333, feb 09 – side 15
Note: Joseph Choonara looks at a new phase of the economic crisis that could see whole countries go bankrupt.
 
Anindya Bhattacharyya + Sadie Robinson: Crisis: Are the banks to blame?
Socialist Worker nr. 2136, jan 09 – side 13
Note: Amid growing anger at the bankers, Anindya Bhattacharyya and Sadie Robinson look at the role of banks in the wider economy and trace the origins of the crisis.
 
Chris Bambery: Economic instability brings more danger of violent conflict
Socialist Worker nr. 2133, jan 09 – side 4
Note: As the global recession deepens, competing states will continue to look to their military power to assert their dominance.
 
Neil Faulkner: Protectionism: can it help us survive?
Socialist Worker nr. 2133, jan 09 – side 13
Note: As the world economy sinks further into recession, Neil Faulkner looks at protectionism, one ruling class solution to the crisis, and finds it unable to deal with the problems.
 
Analysis: The trillion dollar crash
International Socialism Journal nr. 121, jan 09 – side 3
Note: “History books will document that the global economy experienced a sudden stop after 15 September. The manner in which Lehman Brothers failed disrupted the trust that underpins the smooth functioning of market economies. As a result, virtually every indicator of economic and financial relationships exhibits characteristics of cardiac arrest”.
 
Patrick Ward + Judith Orr: Interview with István Mészáros:: A structural crisis of the system
Socialist Review nr. 332, jan 09 – side 18
Note: István Mészáros won the 1971 Deutscher Prize for his book Marx's Theory of Alienation and has written on Marxism ever since. He talks to Judith Orr and Patrick Ward about the current economic crisis.
 
Krise og klassekamp
Socialistisk Arbejderavis nr. 284, dec 08 – side 12
Note: Vil den økonomiske krise føre til mere klassekamp? Den russiske socialist Leon Trotskij skrev om det komplicerede forhold mellem økonomisk opsving, nedgang og klassekamp
 
Jacob Middleton: Bretton Woods: Why economic history will not repeat itself
Socialist Worker nr. 2129, nov 08 – side 9
Note: The Bretton Woods conference laid the foundations of our international economic order – but world leaders will struggle to reach a similar agreement today.
 
Graham Turner: Facing the economic deluge
Socialist Worker nr. 2129, nov 08 – side 12
Note: The intervention by governments around the world will have little effect on the deepening economic crisis.
 
Alex Callinicos: G20 has no answers to crisis
Socialist Worker nr. 2128, nov 08 – side 4
Note: You would have had to be very naive to believe that the G20 meeting in Washington last weekend would really mark, as Gordon Brown put it, "the birth pangs of this new global order" demanded by the world economic crisis.
 
Can world leaders find a way out of this crisis?
Socialist Worker nr. 2127, nov 08 – side 5
Note: George Bush has invited world leaders to Washington on Friday of this week for a summit to discuss their response to the global economic crisis.
Socialist Worker takes a critical look at some of the proposed solutions that will be debated in Washington – and argues that none of them will offer a way out of this crisis.
 
Judith Orr: John Maynard Keynes – the second coming
Socialist Review nr. 330, nov 08 – side 4
Note: Politicians and economists across the world are dusting off their copies of the works of economist John Maynard Keynes. Suddenly the free market needs rescuing and state intervention appears to be the only solution to the crash.
 
Lindsey German: In my opinion: Money for the banks...
Socialist Review nr. 330, nov 08 – side 7
Note: My first thought when the government bailed out Northern Rock last year was, where the hell does it find this kind of money when there's never a spare million for a new school or hospital?
 
Mark Thomas: State of dependence
Socialist Review nr. 330, nov 08 – side 10
Note: The era of globalisation meant that national states would have no role in modern capitalism. This was a myth accepted by many, left and right. Mark L Thomas argues this was never the case and looks at the impact of recent state interventions to rescue the free market.
 
Kevin Devine: How will the economic crisis affect people's lives?
Socialist Review nr. 330, nov 08 – side 13
Note: The collapse of the subprime mortgage market last year which spread to the global banking system is now biting into the real economy and employment.
 
Chris Harman: In Perspective: Two faces of John Maynard Keynes
Socialist Review nr. 330, nov 08 – side 21
Note: Economists, both left and right, are championing Keynes as the answer to the crisis. Since his theories do little to challenge the fundamental grip of capitalism, isn't it time for those on the left to recognise his flaws?
 
Questions and answers on the developing crisis
Socialist Worker nr. 2125, nov 08 – side 2
Note: As the economic crisis deepens, Socialist Worker answers a number of the key questions on the turmoil.
 
Alex Callinicos: Thinking through the current crisis
Socialist Worker nr. 2125, nov 08 – side 4
Note: There have been a flood of pieces in the international press recently about how the financial crash has meant Karl Marx and John Maynard Keynes – reduced to intellectual pariahs in the heyday of neoliberalism – are back in fashion.
 
Jakob L. Krogh: Løsningen på finanskrisen blev at sende regningen til skatteyderne
Socialistisk Arbejderavis nr. 283, okt 08 – side 8
Note: Løsningen på finanskrisen, forstået som en krise hvor bankerne ikke tør låne til hinanden, blev at lade skatteyderne garantere for lån mellem banker. Med en skattefinansieret garanti tør bankerne nu igen låne til hinanden, men de bagvedliggende økonomiske problemer er ikke løst, som det beskrives i artiklen neden for.
 
Jakob L. Krogh: Krise, arbejdsløshed og mangel på arbejdskraft?
Socialistisk Arbejderavis nr. 283, okt 08 – side 8
Note: En konsekvens af den økonomiske krise er øget arbejdsløshed. Chefen for det internationale LO Juan Somavia forventer, at antallet af arbejdsløse vil stige med 20 millioner på verdensplan. I Danmark forventer regeringen, at arbejdsløsheden stiger til ca. 80.000. Begge dele inden slutningen af 2009.
 
Jakob L. Krogh: Sammenbrud eller demokrati
Socialistisk Arbejderavis nr. 283, okt 08 – side 8
Note: Det lykkes regeringerne at udstede garantier og hjælpe-pakker, for at få bankerne til at låne til hinanden igen, blot for at konstatere, at aktierne også i produktionsvirksomheder styrtdykker. De største danske virksomheder har mistet ca. halvdelen af deres værdi.
 
Jørn Andersen: Krisen bliver dybere
Socialistisk Arbejderavis nr. 283, okt 08 – side 9
Note: I starten af oktober blev USA’s 700 milliarder dollars store redningspakke vedtaget. Man håbede, at det ville stoppe den galopperende finanskrise.
 
Jørn Andersen: Svar på krisen
Socialistisk Arbejderavis nr. 283, okt 08 – side 9
Note: Krisen er gået fra finanskrise til en generel økonomisk krise. Det betyder skærpet kamp om, hvem der skal betale for krisen.
Hvordan tackler fagforeninger og venstrefløjen den situation?
 
Jakob L. Krogh: Nationaliser bankerne
Socialistisk Arbejderavis nr. 282, okt 08 – side 6
Note: De sidste mange år har danske banker haft kæmpe overskud. I 2004 havde de danske banker et samlet overskud på 25,8 mia kr. Af dette var over halvdelen, 13,1 milliard gebyrer betalt af almindelige kunder.
 
Jørn Andersen: Den værste krise siden 30‘erne: Systemfejl
Socialistisk Arbejderavis nr. 282, okt 08 – side 7
Note: Når etiketten „den værste krise siden 30‘erne“ kommer fra så centrale spillere som Den Internationale Valutafond (IMF), USA’s tidligere nationalbank-direktør, Alan Greenspan, og redaktøren for Financial Times, så er der for alvor noget galt.
 
Judith Orr: Economic crisis: Crash course in capitalism
Socialist Review nr. 329, okt 08 – side 4
Note: It will be years for the full effects of the crash of September 2008 to be felt.
The mainstream media ran out of superlatives as they struggled to keep up with the events that threatened the whole basis of the capitalist system. All reflected shock and disbelief that everything that seemed so solid had melted into air.
 
Patrick Ward: Economic crisis: Losers take all
Socialist Review nr. 329, okt 08 – side 4
Note: As suited City workers laden with cardboard boxes left their glass and steel monuments to the free market for the last time, Bloomberg, the cable channel for traders, solemnly replaced its continuous on-screen ticker-tape share price updates with "Lehman staff clear desks, call head hunters, weep".
 
Joseph Choonara: Economic crisis: State of collapse
Socialist Review nr. 329, okt 08 – side 5
Note: The US government is frantically relieving banks of their "toxic assets". But even the huge amount of dollars used for the buyouts is unlikely to rescue a system which shows all the signs of further collapse.
 
Alex Callinicos: Economic turmoil and endless war: System failure
Socialist Review nr. 329, okt 08 – side 10
Note: As the worst economic crisis since the 1929 crash rips through the world's markets, Alex Callinicos analyses the factors driving ever greater political instabilities across the globe.
 
Chris Harman: Market madness
Socialist Review nr. 329, okt 08 – side 15
Note: The ruling classes of the US and Britain are reeling in the face of the economic meltdown of their system and the real character of capitalism is exposed, writes Chris Harman.
 
Chris Bambery: Economy: Another Wall Street crash?
Socialist Worker nr. 2119, sep 08 – side 3
Note: The bankruptcy of the fourth largest investment bank in the US, Lehman Brothers, has triggered fears of a wider banking collapse.
 
Editorial: What lies behind the economic crisis?
Socialist Worker nr. 2119, sep 08 – side 12
Note: There have been some truly astonishing reactions to the economic chaos that hit world markets this week.
US leaders have rushed to assure the world that the overall US economy is fine. Jeff Randall of the Daily Telegraph is one of many arguing that the collapse of Lehman brothers, the fourth biggest investment bank in the US, demonstrates that capitalism is working.
 
Jacob Middleton: Economics: Can state intervention solve the crisis?
Socialist Worker nr. 2118, sep 08 – side 6
Note: Recession is built into capitalism and state intervention cannot eliminate it, argues Jacob Middleton
 
Editorial: US nationalises Fannie Mae and Freddie Mac as panic grows over crisis
Socialist Worker nr. 2118, sep 08 – side 12
Note: Imagine that a government summons the heads of two of the biggest corporations to its treasury headquarters in order to deliver an ultimatum – either they agree to a state takeover or have one forced upon them.
 
Lindsey German: In my view: Credit crunch: A winning formula?
Socialist Review nr. 328, sep 08 – side 7
Note: The credit crunch has wiped £600 billion – more than £1 million a minute – from Britain's total wealth in the past year.
 
Sadie Robinson: A year of economic crisis: Crunch time for capitalism
Socialist Worker nr. 2114, aug 08 – side 8
Note: The economic crisis provoked by the ‘credit crunch’ a year ago has created fear and panic, writes Sadie Robinson, but there can be an alternative.
 
Sadie Robinson: A system built on a shaky foundation of debt
Socialist Worker nr. 2114, aug 08 – side 9
Note: The current credit crunch was triggered by the subprime mortgage crisis in the US. But how did the global economy become so reliant on consumer debt in the first place?
 
Simon Basketter: Nationalisation: Governments are not as helpless as they claim
Socialist Worker nr. 2114, aug 08 – side 9
Note: New Labour chancellor Alistair Darling explained last week that he was unable and unwilling to bring in a windfall tax on the fuel companies. His explanation was that these companies made a lot of their money outside Britain – and therefore paid taxes in other countries.
 
Jørn Andersen: Krise-tema: Fra efterkrigs-boom til krise
Socialistisk Arbejderavis nr. 280, jul 08 – side 11
Note: Den krise vi er på vej ind i handler om globale økonomiske „ubalancer“ – men også om over 30 års forfejlet krisepolitik.
 
Jørn Andersen: Krise-tema: Krise og politik
Socialistisk Arbejderavis nr. 280, jul 08 – side 11
Note: Krisen er ikke længere kun et spørgsmål for økonomer og spekulanter. Den bør også være et centralt spørgsmål for venstrefløjen og fagforeninger.
 
Analysis: The politics of a double crisis
International Socialism Journal nr. 119, jul 08 – side 3
Note: “Auguries For A ‘Vile’ Decade” was the headline of a Financial Times column by its veteran commentator Samuel Brittan in May. He was quoting Michael Saunders, a Citigroup analyst, on the prospects for British capitalism, but generalised the prediction to “the old industrial West as a whole”.
 
Jim Kincaid: The world economy—a critical comment
International Socialism Journal nr. 119, jul 08 – side 145
Note: Chris Harman has invited comment on his recent writings on the world economy and there is certainly much for Marxists to debate. We are confronted with a global economy, hugely uneven to be sure, but which in 2007 was producing no less than 25 percent more goods and services than just six years earlier. However, many on the left, including Harman, believe that the basic tendency of the system remains inflected towards stagnation in profits and rates of accumulation—as it has been, in their view, since the 1970s.
 
Chris Harman: Misreadings and misconceptions
International Socialism Journal nr. 119, jul 08 – side 159
Note: We cannot understand the system we live in or how to fight it simply by the repetition of slogans. We need serious analysis and debate. For that reason, I welcome Jim Kincaid’s rejoinder to my articles in recent issues of International Socialism. But I think it is wrong in some important respects. He misreads what has been happening to the system, does not fully grasp theoretically the dynamic of capitalism and misconstrues some of the things I have said.
 
Fred Moseley: Some notes on the crunch and the crisis
International Socialism Journal nr. 119, jul 08 – side 171
Note: I agreed with much of Chris Harman’s latest article. My comments below will focus on the disagreements in order to further the discussion.
 
Chris Harman: In perspective: The emperors, and their clothes
Socialist Review nr. 327, jul 08 – side 14
Note: Two new books on the state of the economy expose the speculation and greed that have propped up Gordon Brown's so-called boom years.
 
Jørn Andersen: Største finanskrise siden 30erne
Socialistisk Arbejderavis nr. 279, jun 08 – side 8
Note: Den Internationale Valutafond (IMF) kaldte i april den stigende økonomiske krise for „det største finans-chok siden den store depression“ i 1930erne.
 
Alex Callinicos: Spiralling oil prices threaten recession
Socialist Worker nr. 2102, maj 08 – side 4
Note: There has been a slight recovery of nerve in the financial centres of Wall Street and the City of London over the past few weeks.
 
Joseph Choonara: Frontlines: No such thing as a safe bet in the market
Socialist Review nr. 325, maj 08 – side 6
Note: In April the International Monetary Fund dubbed the growing economic crisis "the largest financial shock since the Great Depression", leading to a one in four chance of a full-blown global recession.
 
Alex Callinicos: Worries at the heart of system
Socialist Worker nr. 2097, apr 08 – side 4
Note: For the past few years the chief role of the International Monetary Fund (IMF) has been to act as praise-singer for global capitalism.
 
Chris Harman: Our alternative to market madness
Socialist Worker nr. 2095, apr 08 – side 13
Note: Last week the Financial Times claimed that Socialist Worker had no answer to the economic crisis caused by capitalism. Chris Harman sets the record straight.
 
Chris Harman: From the credit crunch to the spectre of global crisis
International Socialism Journal nr. 118, apr 08 – side 27
Note: The Financial Times displays the bewilderment afflicting those who are supposed to be providing some direction to the system as they alternate between sheer panic, fake optimism, and simply hoping things will turn out all right.
 
Costas Lapavitsas: Economic crisis: the new 1929 or the new Japan?
Socialist Review nr. 324, apr 08 – side 14
Note: Costas Lapavitsas is an economist at the School of Oriental and African Studies in London. He has written extensively on Marxist theories of finance. He spoke to Socialist Review and answered questions on historical parallels with the current economic crisis and its impact.
 
Anindya Bhattacharyya: Are we going back to the 1930s? The economic similarities
Socialist Worker nr. 2094, mar 08 – side 8
Note: Anindya Bhattacharyya analyses similarities and differences between the crisis then and today
 
Matthew Cookson: Are we going back to the 1930s? A decade of political polarisation
Socialist Worker nr. 2094, mar 08 – side 8
Note: Matthew Cookson looks at the decade of economic turmoil and political polarisation
 
Their system, their crisis – but it’s our pay, jobs and homes that are under threat
Socialist Worker nr. 2093, mar 08 – side 1
Note: The chaos of the financial system has hit new levels with the collapse of Bear Stearns, the US’s fifth largest investment bank. Now commentators fear the entire banking system is on the brink of a 1930s style collapse.
 
Anindya Bhattacharyya: Why the finance crisis is a threat to whole system
Socialist Worker nr. 2093, mar 08 – side 5
Note: Financial markets across the world plummeted early this week as traders reacted with panic to the news of the collapse of Bear Stearns, one of the US’s oldest and most prestigious investment banks.
 
Joseph Choonara: Shocking instability that is built into capitalism
Socialist Worker nr. 2093, mar 08 – side 5
Note: How big a mess is capitalism in? In February when New York economist Nouriel Roubini suggested $1,000-2,000 billion in losses in the financial sector alone, mainstream commentators thought he was mad.
 
Alex Callinicos: Økonomi: „Vi har ikke oplevet en lignende nedgang siden Depressionen“
Socialistisk Arbejderavis nr. 276, feb 08 – side 11
Note: Fire måneder efter den eksploderede, ser det ud som om at den internationale kreditkrise forværres. I mandags [10. dec. 2007] offentliggjorde den schweiziske storbank UBS tab for op mod $10 mia.
 
Chris Harman: Economic crisis: Capitalism exposed
Socialist Review nr. 322, feb 08 – side 10
Note: Every time economic crises develop they are described as aberrations in an otherwise rational and balanced system. Chris Harman looks at the roots and implications of the recent credit crunch, and explains why crises are in fact an intrinsic feature of capitalism.
 
Costas Lapavitsas: Interview: the credit crunch
International Socialism Journal nr. 117, jan 08 – side 13
Note: Costas Lapavitsas, a leading Marxist economist, spoke to International Socialism about the unfolding financial crisis and its lessons.
 
Alex Callinicos: What’s behind the credit crisis?
Socialist Worker nr. 2081, dec 07 – side 4
Note: Alex Callinicos looks at the fall out from the international credit crisis
 
Jacob Middleton: Understanding the financial crisis: End of the World?
Socialist Worker nr. 2079, dec 07 – side 13
Note: From Northern Rock to the subprime mortgage scandal, financial markets are in turmoil. Jacob Middleton looks at what lies behind the current crisis.
 
Financial graphs
Socialist Worker nr. 2079, dec 07 – side 13
Note: UK corporation tax receipts + Long term US securities transactions
 
Graham Turner: Credit crunch: A house built on sand
Socialist Worker nr. 2077, nov 07 – side 8
Note: The credit crisis rumbles on. Over two million US familes could lose their homes in the subprime fiasco.
 
Chris Harman: In perspective: Rate of profit warning
Socialist Review nr. 319, nov 07 – side 13
Note: No one can predict whether the recent financial crises will develop into a proper recession.
 
Analysis: Market turmoil: The shape of the chaos to come?
International Socialism Journal nr. 116, okt 07 – side 3
 
Patrick Ward + Graham Turner: Frontlines – Financial Crisis: The global economy – solid as a rock?
Socialist Review nr. 318, okt 07 – side 6
Note: The recent ructions in financial markets and the collapse of Northern Rock have a familiar ring.
 
Lindsey German: In my view: Soft in the middle
Socialist Review nr. 318, okt 07 – side 7
Note: Anyone who has recently tried to obtain a mortgage or loan will have known Northern Rock long before the current crisis broke – it was a byword for favourable rates.
 
Chris Nineham: Interview: Naomi Klein: The Shock Doctrine
Socialist Review nr. 318, okt 07 – side 24
Note: Naomi Klein talks about her new book with Chris Nineham and discusses some of the controversies it has raised.
 
Sadie Robinson: Subprime crisis hits poorest Americans
Socialist Worker nr. 2070, sep 07 – side 3
Note: The recent Northern Rock crisis showed how problems in the financial markets can hit ordinary people. The chaos was caused by massive problems in the subprime mortgage industry in the US.
This threatens to wreck the lives of thousands of poor working class people across the US – and has brought to light the workings of a rogue industry of mortgage lenders.
 
Alex Callinicos: How Northern Rock ended up in a hard place
Socialist Worker nr. 2069, sep 07 – side 4
Note: Bank runs were supposed to be a thing of the past, relics of the Victorian era or the Great Depression of the 1930s. But last weekend customers queued to withdraw a reported £2 billion from Northern Rock.
 
Credit crunch could burst the debt bubble
Socialist Worker nr. 2069, sep 07 – side 4
Note: Socialist Worker answers questions about the current turmoil in the financial markets and its impact on banks such as Northern Rock.
 
Joseph Choonara: USA: Subprime and the stock market's mortgage madness
Socialist Worker nr. 2066, sep 07 – side 13
Note: Financial markets across the world plunged recently as banks began to panic over risky housing loans in the US. Joseph Choonara takes a closer look at capitalism’s latest crisis.
 
Alex Callinicos: Dancing while the economy falls
Socialist Worker nr. 2064, aug 07 
Note: What's started to happen to global financial markets is very serious. Also, to anyone who knows the history of capitalism, it’s very familiar.
 
Alex Callinicos: Comment: World economy on the precipice?
Socialist Worker nr. 2062, aug 07 – side 4
Note: THE WORLD economy has been floating on a sea of cheap credit for much of the present decade. The sharp falls on global stock exchanges last week may have marked the moment when the financial markets realised this era is coming to an end.
 
Chris Harman: Snapshots of capitalism today and tomorrow
International Socialism Journal nr. 113, jan 07 – side 119
Note: What is really happening to world capitalism today? In this article I use diagrams and graphs to provide some snapshots of the present shape of the system, deliberately minimising wider theoretical issues, which I have dealt with elsewhere.
 
Peter Iversen: Den amerikanske finansskandale: Et system der bygger på fup og svindel
Socialistisk Arbejderavis nr. 205, aug 02 – side 11
Note: Erhvervsskandalerne i USA vil ingen ende tage. Det ene store firma efter det andet bliver taget i at havet svindlet med regnskaberme. Enron-skandalen har vist sig ikke at være en enlig svale, men en blandt mange andre.
 
Mikkel Birk Jespersen: Stop markedets galskab: Kapitalismen igen i krise
Socialistisk Arbejderavis nr. 200, jan 02 – side 9
Note: For første gang i tyve år oplever verdens tre økonomiske centre – USA, Europa og Japan – økonomisk nedgang samtidig.
 
Margit Johansen: Boblerne brister: Enrons konkurs ryster kapitalismen
Socialistisk Arbejderavis nr. 199, dec 01 – side 4
Note: “Et af de mest succesfulde selskaber i verden overhovedet.” Sådan beskrev tidskriftet The Economist det multinationale energiselskab Enron.
 
Mikkel Birk Jespersen: Terrorangrebet skabte ikke den økonomiske krise
Socialistisk Arbejderavis nr. 197, okt 01 – side 6
Note: Aktiekurserne er faldet, og flyselskaber er i store vanskeligheder, samtidig med at forbrugerne svigter, især i USA.
 
The Walrus: Nothing but blue skies
Socialist Review nr. 255, sep 01 – side 6
Note: Rock bottom for the weightless economy
 
David McNeill: Letter from Japan: Land of the falling yen
Socialist Review nr. 242, jun 00 – side 22
Note: Japan has gone from being the miracle economy of the 1980s to being the sick man of capitalism today. David McNeill reports on what is going wrong.
 
Øk. kriser: USSR/Østeuropa før 1990
Mike Haynes: Understanding the Soviet crisis
International Socialism Journal nr. 34, dec 86 – side 3
 
Arne Lorenzen: Ny direktion i A/S Sovjet
Socialistisk Arbejderavis nr. 12, sep 85 – side 6
Note: Ruslands herskende klasse fik i foråret en ny leder, Mikhail Gorbatjov. I juni måned gjorde han sig bemærket ved at holde en, efter russiske forhold, usædvanlig skrap tale.
 
Nyliberalisme
Dave O’Farrell: Privatisation: theory and practice
Irish Marxist Review (Irland) nr. 10, jun 14 – side 52
Note: Privatisation has been one of the most obvious and controversial aspects of the global trend to neoliberal economics over the past forty years. Across the globe, neoliberal governments and regimes have pursued privatisation policies ranging from the wholesale sell-off of nationalised industries and public services to more ‘subtle’ policies of marketisation or ‘outsourcing’, where state controlled entities and service provision are ‘opened to competition’.
 
Jane Hardy + Joseph Choonara: Neoliberalism and the British working class: A reply to Neil Davidson
International Socialism Journal nr. 140, okt 13 – side 103
Note: Neil Davidson has produced a lengthy piece on the neoliberal era in Britain, which raises important questions for us as revolutionary socialists. We agree with much of his narrative. However, the article is a piece of two halves and there are problems with both.
 
Neil Davidson: The neoliberal era in Britain: Historical developments and current perspectives
International Socialism Journal nr. 139, jul 13 – side 171
Note: The world economy has experienced four systemic crises since the emergence of capitalism as a global system; the years 1873, 1929, 1973 marked the commencement of the first three.
 
Hans Erik Madsen: Borgerskabets nyliberale revanche: – et opgør med ’68
Socialistisk Arbejderavis nr. 302, okt 10 – side 7
Note: 70’ernes velfærdsreformer – materielt og demokratisk – skal revancheres og fjernes. Det er hvad borgerskabets nyliberale dagsorden handler om i dag – og har handlet om siden først i 80’erne.
 
Neil Davidson: Neoliberalism: A failed ideology that lives on
Socialist Worker nr. 2181, dec 09 – side 4
Note: The whole neoliberal, or free market, order that has dominated the world for over 30 years was called into question when the system plunged into economic crisis in the autumn of last year.
 
Neil Davidson: Shock and awe
International Socialism Journal nr. 124, okt 09 – side 159
Note: A review of Naomi Klein, The Shock Doctrine: The Rise of Disaster Capitalism (Allen Lane, 2007), £25
 
Jan Hoby: København, den røde og markedsgjorte kommune
Socialistisk Arbejderavis nr. 288, apr 09 – side 12
Note: En stille, liberalistisk revolution. Sådan kan man med megen god ret karakterisere den lange bølge af reformer af de offentlige forvaltnings-, styrings- og ledelsesstrukturer, som VK-regeringen har gennemført med frit-valg-reform, kommunalreform, regnskabs- og budgetreform, topledelsesreform, ændringer af kommune- og regionsaftalerne, kvalitetsreform med videre.
 
Neil Faulkner: Feedback: From bubble to black hole: the neoliberal implosion
International Socialism Journal nr. 122, apr 09 – side 155
Note: “Revolutionary socialists today should not be…pontificating on the degree of damage that capitalism has done to itself, on whether we are in 1929, 1992 or whatever… We do not have a crystal ball…but we can see all too clearly what is happening now and what our responsibilities are.” So argues Chris Harman in his article in the previous issue of this journal.
 
Eddie Cimorelli: Feedback: Take neoliberalism seriously
International Socialism Journal nr. 122, apr 09 – side 167
Note: The International Socialist tradition has made some remarkable intellectual breakthroughs, above all the theories of state capitalism, the permanent arms economy and deflected permanent revolution. A strength of our tradition has been the ability to look reality in the face, no matter how unpalatable. In recent years, however, our theory has not played the same role in understanding the latest developments in capitalism, variously known as the Washington consensus or neoliberalism.
 
Jakob L. Krogh: Anmeldelse: Dansk nyliberalisme: Er en ny ideologisk venstrefløj på vej?
Socialistisk Arbejderavis nr. 287, mar 09 – side 6
Note: Bogen Dansk Nyliberalisme er et vellykket forsøg på en kritik af nyliberalismen. Liberalisme betyder frihed, i nyliberalismen er friheden til at agere på markedet den eneste vigtige frihed.
 
Jesper Juul Mikkelsen: Boganmeldelse: „Nyliberalismen, velfærden og kvalitetsreformen“
Socialistisk Arbejderavis nr. 277, mar 08 – side 13
Note: En gang imellem kan man godt blive i tvivl om, hvor galt det egentligt står til med velfærden i Danmark. I medierne påstås det fra tid til anden, at Anders Fogh er blevet „beskytter af velfærden. Dette falske billede er et af resultaterne af det smarte redskab, Fogh regeringen meget dygtigt har benyttet sig af, nemlig den systematiske brug af spin og nysprog.
 
William Dinan + David Miller: Spinning neoliberalism
Socialist Worker nr. 2092, mar 08 – side 12
Note: Propaganda played a vital role in forcing through the victory of big business in the 1980s.
"A Century Of Spin: How public relations became the cutting edge of corporate power" (Pluto) by David Miller and William Dinan.
 
Chris Harman: Theorising neoliberalism
International Socialism Journal nr. 117, jan 08 – side 87
Note: A new word1 entered the vocabulary of the left in November 1999 with the momentous protest against the World Trade Organisation in Seattle—”neoliberalism”.2 Just as the movement that erupted at that protest defined itself as being against “globalisation” (or “corporate globalisation”), so it came to describe itself as “anti-neoliberal”. The far left took over this terminology, often describing economic policies it opposed as “neoliberal”.
 
Iain Ferguson: Neoliberalism, happiness and wellbeing
International Socialism Journal nr. 117, jan 08 – side 123
Note: Visit any high street bookshop chain in Britain and before very long you are likely to encounter one or more stands devoted solely to the subject of happiness and wellbeing.
 
Neil Davidson: Neoliberal logic exposed by Scottish National Party
Socialist Worker nr. 2078, nov 07 – side 4
Note: In a recent article in The Guardian, Scottish journalist Iain MacWhirter noted Gordon Brown’s “apparent capitulation to neoconservatism” and asked what might have happened if Brown had taken a different path.
 
Chris Harman: Last Word: What Lies Behind the Health Service 'Reforms'
Socialist Review nr. 313, jan 07 – side 32
Note: There is enormous opposition to New Labour's "reforms" of the health service. But there is not usually the same level of understanding of what lies behind them.
 
Rob Hoveman: Andrew Glyn: 'Will we face a dystopia in which very large numbers of less qualified and poorly paid people exist to service the consumption needs of the rich?'
Socialist Review nr. 308, jul 06 – side 6
Note: Andrew Glyn has been a prominent left wing economist for more than 35 years. He talks to Rob Hoveman about his latest book Capitalism Unleashed.
 
Mike Haynes: Where it came from
International Socialism Journal nr. 110, mar 06 – side 173
Note: David Harvey, A Brief History of Neo-Liberalism (Oxford University Press, 2005), £14.99
 
Martin B. Johansen: Regeringens nyliberalistiske offensiv: Det store angreb på solidariske værdier
Socialistisk Arbejderavis nr. 216, jul 03 – side 6
Note: Regeringen er løbet ind i et problem. Som borgerlig regering har den det erklærede mål at føre politik til gavn for big business og overklassen.
 
Ole Andersen: Alex Callinicos: “Against the Third Way”: Blairism: Den slagne vej
Socialistisk Arbejderavis nr. 201, feb 02 – side 8
Note: I sin første nytårstale til befolkningen erklærede statsminister Anders Fogh Rasmussen, at klassekampen var død, og at de kollektive ideologiers århundrede var afsluttet.
 

Der blev fundet 295 artikler

 

 

modstand.org

Bøger

På forlaget Modstand.org finder du bøger, pjecer og meget andet.

Kontakt os

Tlf: 35 35 76 03
Mail: isu@socialister.dk

Eller brug vores kontaktside