Category Archives: Άρθρα σε επιστημονικά περιοδικά – Articles in academic journals

A passionate and patient contribution to revolutionary theory and politics – Comment on Laibman

 

 

A passionate and patient contribution to revolutionary theory and politics

 

Stavros Mavroudeas

 

David Laibman’s Passion and Patience offers a nicely and systematically classified collection of his editorials for Science & Society. Contrary to usual academic practice, that suffices to simply present a journal’s contents, these editorials are opinion pieces on significant issues and debates. This is one of the best traditions of scientific journals of the Left: not merely to publish articles but also to engage actively in current intellectual and political issues. Needless to say this tradition is becoming today an endangered species even in radical and heterodox journals because of the withdrawal from active politics and the retreat to a badly conceived specialization. David’s editorials go against this current and this book is an excellent and topical (despite the passing of time) collection of his inquiries into a broad range of issues of political economy, social theory, history, culture and politics concerning modern capitalism and human emancipation from capitalist exploitation.

Passion and Patience is true to its title, borrowed from an old communist dictum. It has both these virtues that are necessary for a Marxist; especially in the current difficult era of collapse of many of the first socialist experiments, capitalism’s increasing aggressiveness and barbarism and at the same time acute crisis. It has passion in the sense of unwavering commitment to revolutionary struggle and the toiling masses. As David appositely explains, this is not some form of sentimentalism (‘hot blood from the heart’ as an old anarchist wrote to Marx) but the guiding line (the organizing principle) for analyzing and intervening in political and intellectual struggles. But it also has patience. Not as a low-brow accommodation with objective difficulties but as a deep understanding that revolutionary politics is a long distance track. It requires copious work, meticulous involvement with even seemingly unimportant issues and especially continuous self-criticism in order to confront problems, errors and contradictions.

In this endeavor Laibman shows the analytical vitality of Marxism and its merits compared to both bourgeois theory and other radical traditions. Moreover, he demonstrates that Marxism is a dynamic and evolving corpus of theory and practice – contrary to several attempts to fossilize it in some form of ‘theological’ and bureaucratic thinking – and is the sole solid foundation for the struggle for a new human society free from exploitation.

Such a principled and at the same time creative and productive development of Marxism is of paramount significance nowadays. After a period of simplistic and crude denigration several quarters of the capitalist system have differentiated their stance towards Marxism. Faced with their own contradictions and failures – expressed in recurrent crises, growing immiseration of increasing segments of the society and aggravating imperialist conflicts – they attempt a qualified domestication of Marxism. Laibman offers an excellent polemic against them in his editorial on mainstream appraisal of the Communist Manifesto (‘THE MANIFESTO: CELEBRATION VS. REDEDICATION’) that glorify Marx’s political magnum opus and, at the same time, sanitize it from any revolutionary content. It is interesting that this attitude has recently expanded to various intellectuals that refer to Marxism with exclamations but also with an open or covert rejection of its revolutionary aspirations. There is a sudden abundance nowadays of erratic or à la carte Marxists that eclectically appraise some or other part of Marxist theory but at the same time discard its commitment to overthrowing capitalism and constructing socialism. These ‘bourgeois Marxists’ (to use a contradiction in terms) may accept even class analysis but in order to reform capitalism and make it more sustainable.

Against such attempts to domesticate Marxism in the capitalist system the answer cannot be a ‘referential’ defense by having recourse to classical texts; nor a defensive closure of Marxism in a small circle of ‘faithfuls’. Instead, a passionate commitment to its core structure – and its revolutionary aspirations are the more fundamental part of it – and at the same time a patient creative development of it is necessary.

Among the various issues that David’s book tackles there are several that, in my opinion, merit particular positive appraisal.

First among them, are his unwavering commitment to Labor Value Theory and his numerous contributions to its creative development. Against mainstream but also radical ‘academic respectability barriers’ (as Laibman aptly brands it) the Labor Theory of Value remains the main pillar of Marxist economic analysis and moreover it more relevant than ever for comprehending capitalism’s modus operandi. The Marxian Value Theory of Abstract Labor (as differentiated from the Ricardian Value Theory of Embodied Labor) offers the best platform for understanding simultaneously capitalist exploitation and capitalism’s functioning. Moreover, its dialectical analysis of the primacy of the sphere of production within the total circuit of capital offers critical guidance not only to revolutionary analysis but to revolutionary politics as well.

A second issue is Laibman’s insistence on the significance of planning for socialism. In our times, this goes against the negative trend within heterodoxy and radical theory to realign with mainstream market solutions and to adhere, implicitly or explicitly, to versions of market socialism. Socialism without planning is a vacuous concept. The very essence of the vision of a new free from exploitation society is that this society can organize its economy on the basis of collective, democratically and participatory organized will. Despite failures and deformations of the past this remains the core of the socialist project.

Equally important is David’s insistence in stadial thinking and stages theory. He very accurately defines stadiality as the notion that society advances through stages, and that given stages are preconditions for ones that follow. This type of analysis comprehends that society evolves through distinct phases rather than through an undifferentiated continuum. These phases exhibit objective characteristics – and pose related limitations to collective action – but also permit specific ‘windows of opportunity’ for breaking out from these phases and surpassing them. In other words, each phase or stage posits both constraints and degrees of freedom and alternatives for surpassing these constraints. This Marxist dialectical understanding grasps better, in David’s own words, the intense interaction between the objective and subjective dimensions than non-Marxist social science that decouples and counterposes mechanistically these two dimensions. Stages theory offers not only better explanatory power but is also a crucial basis for revolutionary politics. Revolutionary politics, as exemplified by the best traditions of the Communist current, cannot be a simple sum of specific actions and campaigns. On the contrary, they should be based on structured political programs. The basis for constructing a coherent political program is a mid-term analysis of society’s evolution. That is an understanding of the distinct phases and stages through which it proceeds and of the specific forms that the system’s fundamental contradictions take in each of these stages. This mid-term analysis offered by stadial thinking pinpoints the critical systemic weak links on which revolutionary strategy should focus. Tactics follow suit from this program-informed mid-term strategy. These valuable insights offered by stadial thinking tend to be lost nowadays within radical theory and movements. They are being replaced by either voluntarist notions that ‘anything goes’ and blind spontaneism or by an accommodation with existing capitalist reality and mere reforms for a ‘capitalism with a human face’. The reinstatement of stadial analysis and a structured and programmatically-organised revolutionary strategy is of paramount importance nowadays.

There are a number of issues on which I must register my disagreement with David.

The first such issue touches upon his early writings on perestroika and his positive appraisal of M.Gorbachev. David portrayed it as a positive experiment in socialist rejuvenation. Today it is clear that it was a movement towards the restoration of capitalism in the Soviet Union. Perestroika’s political and economic program was not one of socialist democratization and participatory planning but one of recourse to bourgeois polities and market solutions. Its end results are tantamount to that.

The second issue is David’s argument that Marxists should ‘give principled support to all reform movements and currents’. He argues that we should not make the distinction between radical and non-radical reforms, we should not try to fool people by advancing reforms that the system cannot deliver and that we should be part of all the spontaneous movements that arise in workplaces and working-class communities. In my opinion this argument goes against the stadial thinking and the necessity of a revolutionary strategy based on a political program and not on mere spontaneism. Marxists of course have to swim into the toiling masses and be part of even their most elementary mobilisations. However, this does not imply a carte blanche. First, they are mass mobilisations and popular demands that advance human emancipation but there are also those that may hinder it. The bleak outcome of the ‘Arab springs’ is a case in point. Second, there may be reforms that ameliorate for a period the position of the working people but ultimately they lead to disaster and an even greater deterioration of their living conditions. In the Greek case PASOK is a typical example: an initial policy of income redistribution that, once popular radicalism was neutralized, led to an aggressive realignment with neoliberalism. Kirchnerism in Argentina offers another contemporary example. For all these reasons Marxists should intervene in mass movement on the basis of their political programs and strategies. This can involve both reforms that can be accommodated by the system and those that cannot be accommodated by the system in a particular historical conjuncture. For example, the demands for peace and land redistribution – and even all power to the soviets – were not infeasible in capitalism in general. They were infeasible for capitalism at the particular historical moment of the Russian revolution. And at the same time it was obvious to almost everybody that under a different political and economic system these demands were feasible and to the benefit of the great social majority. In the same vain the demand for disengaging from the European Union for the euro-periphery countries is not something infeasible in general for capitalism. But at this historical point the ruling classes of these countries cannot even think such a move for both objective and subjective reasons. At the same time, this is the only road for a pro-popular solution of the crisis. And this is becoming increasingly obvious to the working people irrespective of their adherence or not to socialism.

Marxists should organize their political intervention on the basis of political programs that pinpoint exactly such weak links and ‘windows of opportunity’. This logic follows Marx’s brilliant thesis that communism is not an ideal to which reality have to adjust itself but ‘the real movement which abolishes the present state of things’ and that the conditions of this movement exist in current societies. The construction of this thin red line that leads from everyday struggles for the improvement of the conditions of sale of the labour power to the abolition of the system of exploitation of labour power is the difficult task that Marxists have to accomplish. David’s book contributes both passionately and patiently to this task.

 

The links for my comment on D.Laibman’s ‘Passion and Patience’ are the following:

http://www.scribd.com/document/351203858/A-passionate-and-patient-contribution-to-revolutionary-theory-and-politics-A-comment-on-Laibman

http://www.researchgate.net/publication/317570685_A_passionate_and_patient_contribution_to_revolutionary_theory_and_politics

http://www.academia.edu/33444552/A_PASSIONATE_AND_PATIENT_CONTRIBUTION_TO_REVOLUTIONARY_THEORY_AND_POLITICS

 

Science & Society July 2017, Vol. 81, No. 3 – SYmposium on Laibman’s ‘Passion and Patience’

 

July 2017, Vol. 81, No. 3

The new issue of Science & Society is out.

Among other material it includes a very interesting symposium on D.Laibman’s recent book (‘Passion and Patience’) in which I have contributed with a short comment.

The issue’s contents follow below.

My own contribution will follow is a separate post.

 

Editorial Perspectives

Science & Society July 2017, Vol. 81, No. 3: 323–324.

Citation | PDF (296 KB) | PDF with links (296 KB)

Marxism in Our Time: Notes from the Editor

D. L.

Science & Society July 2017, Vol. 81, No. 3: 325–330.

Citation | PDF (322 KB) | PDF with links (323 KB)

Articles

Viewing Africa with Marx: Remarks on Marx’s Fragmented Engagement with the African Continent

Stefan Kalmring, Andreas Nowak

Science & Society July 2017, Vol. 81, No. 3: 331–347.

Abstract | PDF (394 KB) | PDF with links (398 KB)

Class, Capital and the Global Unfree Market: Resituating Theories of Monopoly Capitalism and Unequal Exchange

Bill Dunn

Science & Society July 2017, Vol. 81, No. 3: 348–374.

Abstract | PDF (465 KB) | PDF with links (480 KB)

Materialist Dialectics and Biophysical Worlds

Salvatore Engel-Di Mauro

Science & Society July 2017, Vol. 81, No. 3: 375–396.

Abstract | PDF (557 KB) | PDF with links (570 KB)

Passion and Patience: A Symposium

David Laibman’s Synthesis Approach to Long-Standing Issues of Marxist Debate

Steve Ellner

Science & Society July 2017, Vol. 81, No. 3: 397–403.

Citation | PDF (357 KB) | PDF with links (359 KB)

Festina Lente?

Tom Brass

Science & Society July 2017, Vol. 81, No. 3: 403–409.

Citation | PDF (266 KB) | PDF with links (268 KB)

A Passionate and Patient Contribution to Revolutionary Theory and Politics

Stavros Mavroudeas

Science & Society July 2017, Vol. 81, No. 3: 409–414.

Citation | PDF (257 KB) | PDF with links (258 KB)

Nature, Time, and Historical Materialism

Mizhar Mikati, Rupinder Minhas

Science & Society July 2017, Vol. 81, No. 3: 414–420.

Citation | PDF (264 KB) | PDF with links (266 KB)

Passion and Patience: A Grateful Rejoinder

David Laibman

Science & Society July 2017, Vol. 81, No. 3: 420–426.

Citation | PDF (263 KB) | PDF with links (264 KB)

Communication

Carchedi’s Dialectics: A Critique

Kaan Kangal

Science & Society July 2017, Vol. 81, No. 3: 427–436.

Citation | PDF (349 KB) | PDF with links (353 KB)

Review Article

A Russian Celebration of Marx, 25 Years After His Death

John Gonzalez

Science & Society July 2017, Vol. 81, No. 3: 437–446.

Citation | PDF (349 KB) | PDF with links (350 KB)

Reviews

Science & Society July 2017, Vol. 81, No. 3: 447–464.

 

«Η πολιτική οικονομία της ΕΕ: Ένα ιμπεριαλιστικό εγχείρημα σε κρίση», ΤΕΤΡΑΔΙΑ ΜΑΡΞΙΣΜΟΥ νο.2 (κείμενο)

Το κείμενο του άρθρου μου στο 2ο τεύχος των ΤΕΤΡΑΔΙΩΝ ΜΑΡΞΙΣΜΟΥ με θέμα «Η πολιτική οικονομία της ΕΕ: Ένα ιμπεριαλιστικό εγχείρημα σε κρίση» μπορεί να διαβαστεί στους παρακάτω συνδέσμους:

https://www.scribd.com/document/330841521/%CE%97-%CE%A0%CE%BF%CE%BB%CE%B9%CF%84%CE%B9%CE%BA%CE%AE-%CE%9F%CE%B9%CE%BA%CE%BF%CE%BD%CE%BF%CE%BC%CE%AF%CE%B1-%CE%A4%CE%B7%CF%82-%CE%95%CE%95-%CE%A4%CE%B5%CF%84%CF%81%CE%AC%CE%B4%CE%B9%CE%B1-%CE%9C%CE%B1%CF%81%CE%BE%CE%B9%CF%83%CE%BC%CE%BF%CF%8D

 

https://www.academia.edu/29260837/%CE%97_%CE%A0%CE%BF%CE%BB%CE%B9%CF%84%CE%B9%CE%BA%CE%AE_%CE%9F%CE%B9%CE%BA%CE%BF%CE%BD%CE%BF%CE%BC%CE%AF%CE%B1_%CF%84%CE%B7%CF%82_%CE%95%CE%95_-_%CE%A4%CE%B5%CF%84%CF%81%CE%AC%CE%B4%CE%B9%CE%B1_%CE%9C%CE%B1%CF%81%CE%BE%CE%B9%CF%83%CE%BC%CE%BF%CF%8D

https://www.researchgate.net/publication/309259447_E_Politike_Oikonomia_tes_EE_-_Tetradia_Marxismou

«Η πολιτική οικονομία της ΕΕ: Ένα ιμπεριαλιστικό εγχείρημα σε κρίση», ΤΕΤΡΑΔΙΑ ΜΑΡΞΙΣΜΟΥ νο.2

Κυκλοφορεί σε λίγες μέρες το δεύτερο τεύχος του περιοδικού «ΤΕΤΡΑΔΙΑ ΜΑΡΞΙΣΜΟΥ».

Το περιοδικό αποτελεί μια νέα έκδοση που επιδιώκει να συμβάλλει στην Μαρξιστική συζήτηση και στην Κομμουνιστική θεωρία και πολιτική.

Στο τεύχος αυτό συμπεριλαμβάνεται άρθρο μου με θέμα «Η πολιτική οικονομία της ΕΕ: Ένα ιμπεριαλιστικό εγχείρημα σε κρίση»

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Περιεχόμενα

Editorial

Η κρίση της ΕΕ. Τάσεις και προοπτικές

Σχόλια

Μέσα Μαζικής Ενημέρωσης: Η νέα «διαπλοκή» στην εποχή της καπιταλιστικής αναδιάρθρωσης
Γεωργιάδης Μάκης
Στην εποχή του χρέους
Τριανταφυλλόπουλος Γιώργος
Μαρινόπουλος ΑΕ: H πτωχευτική διαδικασία και το «ξέπλυμα» των ευθυνών των καπιταλιστών
Παπαπέτρος Πέτρος
Θρυμματισμένοι καιροί στη Λατινική Αμερική
Μαυροπούλου Χριστίνα
Ιδιωτικοποιήσεις: Βασικός πυλώνας της στρατηγικής του κεφαλαίου
Βασιλάκης Παναγιώτης
Το εργασιακό πορτρέτο της μεταμνημονιακής νεολαίας
Σουφτάς Δημήτρης
Η μετα-BREXIT Ευρωπαϊκή Ένωση: «Μεγάλη αναταραχή, θαυμάσια κατάσταση»
Κυριακάκης Γιάννης
Το νέο μοντέλο ιδιωτικοποίησης στην υγεία
Παπανικολάου Πάνος

Αφιέρωμα

Η Ευρωπαϊκή Ένωση σε κρίση – Μαρξιστικές συμβολές διερεύνησης

Πρόλογος
Κοντομάρης Σπύρος
Η πολιτική οικονομία της ΕΕ: Ένα ιμπεριαλιστικό εγχείρημα σε κρίση
Μαυρουδέας Σταύρος
Ευρωπαϊκή Ένωση και γεωργική παραγωγή
Κάργας Γιώργος
Brexit: Μια κοσμοϊστορική στροφή
Καλλίνικος Άλεξ
Η σχέση εθνικού και ταξικού στο στάδιο του ολοκληρωτικού καπιταλισμού
Γρηγορόπουλος Δημήτρης
Διαμόρφωση και στρατηγικές επιλογές της αστικής τάξης στην Ελλάδα
Καπακτσής Αλέξανδρος
Τα Προγράμματα Δημοσιονομικής Προσαρμογής ως δομικό στοιχείο της Νέας Οικονομικής Διακυβέρνησης της Ευρωπαϊκής Ένωσης
Μαυροειδής Παναγιώτης
Η κρίση και οι μετασχηματισμοί στο ευρωπαϊκό εποικοδόμημα
Τζαρέλλας Διονύσης
Η εθνική ιδέα και η εργατική χειραφέτηση
Συριόπουλος Μπάμπης
ΕΣΠΑ: Ο ρόλος και η σημασία του στην προώθηση των καπιταλιστικών αναδιαρθρώσεων στην ελληνική κοινωνία
Βουραζέρης Στράτος
Χρηματοπιστωτική νομοθεσία στην ΕΕ: Αυτορύθμιση με ισχύ νόμου;
Βασσάλος Γιώργος
Οι αντιφάσεις της Ευρωπαϊκής Ενοποίησης
Bruno Carchedi, Guglielmo Carchedi
Η λειτουργία και οι επιλογές της ελληνικής αστικής τάξης στο εσωτερικό της ΕΕ
Μπλάνας Δημήτρης
Πολύπλευρη αναγκαιότητα πρόταξης της άμεσης εξόδου από την ΕΕ
Ρούσης Γιώργος

Πολιτική Θεωρία

Κομμουνιστική δημοκρατία: Ερωτήματα, προϋποθέσεις και δυνατότητες
Αργυρός Δημήτρης
Τρεις στιγμές στη Λενινιστική επαναστατική τακτική και την πολιτική των συμμαχιών
Δραγανίγος Αντώνης
Οικονομία
Πλασματικό κεφάλαιο, συσσώρευση του κεφαλαίου και σύγχρονες οικονομικές κρίσεις
Παπαδάτος Φάνης

Χώρος – Περιβάλλον

Το ζήτημα της κατοικίας στην Ελλάδα
Τριχιάς Κώστας

Ιστορία

Η σύγχρονη διαμάχη για την ιστορία του Β’ Παγκοσμίου Πολέμου
Μιχαηλίδης Γιώργος

Εκπαίδευση

Σχολική αυτονομία και καπιταλιστική αναδιάρθρωση του σχολείου
Καλημερίδης Γιώργος

Πολιτισμός

Η αvant-garde της αντίστασης – για μια αντίσταση της avant-garde
Ζουλιάτης Κωστής
Η ανακάλυψη της τέταρτης διάστασης της φωτογραφίας ή Μια απόπειρα σουρεαλιστικής καταγραφής του κόσμου, των πραγμάτων, των καταστάσεων
Κασίτας Αντώνης

Βιβλιοκριτική

Η ιστορία της Σοσιαλδημοκρατίας ως ιστορικού αναθεωρητισμού. Το πρωτείο της πολιτικής: Η σοσιαλδημοκρατία και η Ευρώπη του 20ού αιώνα
Γούσης Κώστας
Το εθνικό ζήτημα: Από το Μαρξ μέχρι σήμερα του Μισέλ Λεβί
Κρεασίδης Γιώργος

Access to some of my articles and bookreviews in Taylor & Francis journals

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The following articles and bookreviews of mine in Taylor&Francis journals can be accessed through the relevant liks offered by the publisher:

 

Contending Economic Theories: Neoclassical, Keynesian and Marxian

Stavros D. Mavroudeas

Book Review

  • Published in Volume 28, Number 2, 2016
  • Published online: 05 May 2016
  • 205 Views
  • 0 Citations

Free access to the article:

http://www.tandfonline.com/eprint/gakuFvbXTG2sgHp9QPf8/full

 

 

Development and Crisis: The Turbulent Course of Greek Capitalism

Stavros D. Mavroudeas

Article

  • 150 Views
  • 1 Citations

Free access to the article:

http://www.tandfonline.com/eprint/ueFxgsgTiQArxn3HvQtm/full

 

 

Financial regulation in the light of the current global economic crisis

Stavros D. Mavroudeas, Demophanes Papadatos

Article

  • Published in Volume 2, Number 4, 2012
  • Published online: 20 Nov 2012
  • Cited inGeoforum, Nov 1, 2014
  • 157 Views
  • 1 Citations

Free access to the article:

http://www.tandfonline.com/eprint/ueFxgsgTiQArxn3HvQtm/full

 

 

Duration, Intensity and Productivity of Labour and the Distinction between Absolute and Relative Surplus-value

Stavros Mavroudeas, Alexis Ioannides

Article

  • 239 Views
  • 1 Citations

Free access to the article:

http://www.tandfonline.com/doi/pdf/10.1080/09538259.2011.583833?needAccess=true

 

 

Marx’s Theory of Money. Modern Appraisals

Stavros D. Mavroudeas

Book Review

  • Published in Volume 21, Number 3, 2009
  • Published online: 24 Jul 2009
  • 161 Views
  • 0 Citations

Free access to the article:

http://www.tandfonline.com/doi/pdf/10.1080/09538250903090366?needAccess=true

 

 

 

 

‘The Great Financial Meltdown Systemic, Conjunctural or Policy Created?;, Subasat Turan (ed.), Edward Elgar

9781784716486

The Great Financial Meltdown

Systemic, Conjunctural or Policy Created?

Edited by Turan Subasat, Department of Economics, Mugla Sitki Kocman University, Turkey

The Great Financial Meltdown reviews, advocates and critiques the systemic, conjunctural and policy-based explanations for the 2008 crisis. The book expertly examines these explanations to assess their analytical and empirical validity. Comprehensive yet accessible chapters, written by a collection of prominent authors, cover a wide range of political economy approaches to the crisis, from Marxian through to Post Keynesian and other heterodox schools.
Contributors:
E. Bakir, R. Bellofiore, A. Campbell, R. Desai, B. Fine, D. Fouskas, A. Freeman, D. Harvey, A. Kaltenbrunner, E. Karacimen, D. Kotz, S. Mavroudeas, S. Mohun, O. Orhangazi, M. Roberts, T. Subasat, J. Toporowski, J. Weeks

Contents:

PART I INTRODUCTION
1. The Crisis in Context
Turan Subasat

2. Roots of the Current Economic Crisis: Capitalism, Forms of Capitalism, Policies, and Contingent Events
David M. Kotz

PART II CRISIS AND PROFITABILITY
3. Crisis Theory and the Falling Rate of Profit
David Harvey

4. Monocausality and Crisis Theory – A Reply to David Harvey
Michael Roberts

5. Booms, Depressions, and the Rate of Profit: A Pluralist, Inductive Guide
Alan Freeman

PART III THE CRISIS IN ECONOMIC AND SOCIAL REPRODUCTION
6. A Global Approach to the Global Financial Crisis
John Weeks

7. The Incubator of the Great Meltdown of 2008: The Structure and Practices of US Neoliberalism as Attacks on Labor
Al Campbell and Erdogan Bakir

8. The Value of History and the History of Value
Radhika Desai

9. The Systemic Failings in Framing Neo-Liberal Social Policy
Ben Fine

10. The Policy-Based and Conjunctural Causes of the 2008 Crisis
Turan Subasat

11. The Systemic Causes of the 2008 Crisis – An Alternative Theoretical Perspective
Turan Subasat

PART IV CRISIS AND FINANCE
12. Inequality, Money Markets and Crisis
Simon Mohun

13. The Crisis of Finance and the Crisis of Accumulation: It Was Not a ‘Lehman Brothers Moment’
Jan Toporowski

14. Contradictions of Capital Accumulation in the Age of Financialization
Özgür Orhangazi

15. Which Crisis, of Which Capitalism? A Marxian and Financial Keynesian Interpretation of Neoliberalism and the Great Recession
Riccardo Bellofiore

16. The Contested Nature of Financialization in Emerging Capitalist Economies
Annina Kaltenbrunner and Elif Karacimen.

PART V THE CRISIS UNFOLDS
17. The Greek Crisis: Structural or Conjunctural?
Stavros D. Mavroudeas

18. Greece, Global Fault-lines and the Disintegrative Logics of Germany’s Primacy in Europe.
Vassilis K. Fouskas

19. Conclusions
John Weeks

Index

‘What caused the 2007–09 global financial crisis and Great Recession? Why was the «recovery» from this crisis period anemic or, in many countries, such as Greece, non-existent? Orthodox economists have almost completely drawn a blank in providing useful answers. By contrast, The Great Financial Meltdown provides a rich array of alternative – and frequently conflicting – perspectives from the Marxian, Post Keynesian and related heterodox traditions. All serious students of real-world economics will have their minds opened by studying this impressive collection.’
– Robert Pollin, University of Massachusetts-Amherst, US‘This book offers fresh insights across the ultimate causes and the long-term implications of the current crisis. It also critically examines the policy alternatives currently on the table, advancing constructive forms of engagement both among the heterodoxy, and with mainstream economics. There is simply no better starting-point to understand the ongoing predicament of advanced as well as “emerging” economies.’
– Alfredo Saad-Filho, SOAS, University of London, UK

Extent: c 384 pp
Hardback Price: £95.00 Web: £85.50
Publication Date: 2016
ISBN: 978 1 78471 648 6
1-13073

48 copies of my book review in ROPE for Wolf & Resnick’s ‘Contending Economic Theories’

Contending Economic Theories: Neoclassical, Keynesian and Marxian