Mavroudeas S. (2022), ‘The adventures of Economic Policy within Mainstream Economics’ in Essays in Economic Theory and Policy in Honor of Professor Stella Karagianni, Athens: Gutenberg

Economic Policy covers the aims and the instruments of state economic interventionism. As a broad problematique it existed from the very birth of the science of the economy. However, as a special subject-area it was inaugurated in the interwar era and formalized by the beginning of the post-World War II era. Since then, Economic Policy faced serious ups and lows within economic analysis and policymaking. Particularly within Mainstream Economics (the nowadays dominant tradition within the science of the economy), Economic Policy – and especially its ‘hard’ versions of active fiscal policy, discreet industrial policy and planification – moved from the initial highs of the interwar and Keynesian era to the lows of the Neoliberal period. During the latter Economic Policy was dehydrated from crucial tools and downgraded as a subject because it was castigated as prone to labour demands and popular concessions that suppressed capital’s profitability. Since the beginning of the 21^st century – and as a result of the blatant failures of the Neoliberal deregulationist movement – a return of active Economic Policy is on the cards. However, this return within Mainstream Economics is both belated and very problematic. The contemporary orthodoxy of New Keynesianism attempts rather ineffectively to marry an activist economic policy with its neo-conservative insulation from popular pressures for better wages and working conditions. This paper analyses the adventures of Economic Policy within Mainstream Economics from the standpoint of Marxist Political Economy.

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https://www.academia.edu/93722290/Adventures_of_Economic_Policy_Karagianni_festschrift

https://www.researchgate.net/publication/366594313_ESSAYS_IN_ECONOMIC_THEORY_AND_POLICY_IN_HONOR_OF_PROFESSOR_STELLA_KARAGIANNI_The_adventures_of_Economic_Policy_within_Mainstream_Economics

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«Το επίπεδο και η εξέλιξη των αμοιβών στον ελληνικό δημόσιο τομέα από την κρίση του 2009-10 μέχρι σήμερα», Μαυρουδέας Στ. & Πασσάς Κ., ΚΟΙΝΩΝΙΚΟ ΠΟΛΥΚΕΝΤΡΟ ΑΔΕΔΥ 2022

Το Κοινωνικό Πολύκεντρο της ΑΔΕΔΥ δημοσιοποίησε την μελέτη με τίτλο «Το επίπεδο και η εξέλιξη των αμοιβών στον Ελληνικό Δημόσιο Τομέα από την κρίση του 2009-10 μέχρι σήμερα» που εκπονήθηκε από τον καθηγητή του Παντείου Πανεπιστημίου, Σταύρο Μαυρουδέα, και τον ερευνητή στο Κέντρο Προγραμματισμού και Οικονομικών Ερευνών, Κώστα Πασσά. Η μελέτη αποτυπώνει την διαχρονική μείωση των εισοδημάτων των εργαζομένων στον δημόσιο τομέα και ταυτόχρονα την αύξηση των μισθολογικών ανισοτήτων μεταξύ των διαφόρων κατηγοριών τους.

Το κείμενο της μελέτης έχει αναρτηθεί σε:

Μελέτη «Το επίπεδο και η εξέλιξη των αμοιβών στον ελληνικό δημόσιο τομέα από την κρίση του 2009-10 μέχρι σήμερα»

https://www.researchgate.net/publication/359739841_To_epipedo_kai_e_exelixe_ton_amoibon_ston_elleniko_demosio_tomea_apo_ten_krise_tou_2009-10_mechri_semera

https://www.academia.edu/s/d6c652d221

Οι «τρεις εποχές του πανεπιστημίου» και η πάλη ενάντια στο Επιχειρηματικό Πανεπιστήμιο

Την Παρασκευή (21/5/2021, 18¨00, κάτω Πολυτεχνείο) η νεολαία Κομμουνιστική Απελευθέρωση διοργανώνει εκδήλωση με θέμα «Το σύγχρονο πανεπιστήμιο στην υπηρεσία του κεφαλαίου – Η μάχη για την παιδεία των αναγκών μας», στην οποία θα συμμετάσχω σαν ομιλητής

Η άποψη μου για το Επιχειρηματικό Πανεπιστήμιο είναι διατυπωμένη σε αρκετές δημοσιεύσεις όπως οι ακόλουθες (με τους διαθέσιμους διαδικτυακούς συνδέσμους):

Μαυρουδέας Στ. (2005), «Οι τρεις εποχές του πανεπιστημίου – Το πανεπιστήμιο στον καπιταλισμό», Ελληνικά Γράμματα.

https://www.academia.edu/1906762/%CE%9F%CE%B9_%CF%84%CF%81%CE%B5%CE%B9%CF%82_%CE%B5%CF%80%CE%BF%CF%87%CE%AD%CF%82_%CF%84%CE%BF%CF%85_%CF%80%CE%B1%CE%BD%CE%B5%CF%80%CE%B9%CF%83%CF%84%CE%B7%CE%BC%CE%AF%CE%BF%CF%85_%CE%A4%CE%BF_%CF%80%CE%B1%CE%BD%CE%B5%CF%80%CE%B9%CF%83%CF%84%CE%AE%CE%BC%CE%B9%CE%BF_%CF%83%CF%84%CE%BF%CE%BD_%CE%BA%CE%B1%CF%80%CE%B9%CF%84%CE%B1%CE%BB%CE%B9%CF%83%CE%BC%CF%8C

https://www.scribd.com/document/508317486/%CE%9F%CE%B9-%CE%A4%CF%81%CE%B5%CE%B9%CF%82-%CE%95%CF%80%CE%BF%CF%87%CE%AD%CF%82-%CE%A4%CE%BF%CF%85-%CE%A0%CE%B1%CE%BD%CE%B5%CF%80%CE%B9%CF%83%CF%84%CE%B7%CE%BC%CE%AF%CE%BF%CF%85-%CE%A3%CF%84%CE%B1%CF%8D%CF%81%CE%BF%CF%82-%CE%94-%CE%9C%CE%B1%CF%85%CF%81%CE%BF%CF%85%CE%B4%CE%AD%CE%B1%CF%82

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Μαυρουδέας Στ. (1997), «Πανεπιστήμιο και καπιταλισμός», Ουτοπία νο.18

Μαυρουδέας Στ. (2007), «Μοντέρνοι καιροί»: η έλευση του επιχειρηματικού πανεπιστημίου», Ενημερωτικό Δελτίο της Ελληνικής Εταιρείας Κοινωνικής Πολιτικής νο.1, Απρίλιος

Μαυρουδέας Στ. (2020), ««Η Πολιτική Οικονομία των νεοσυντηρητικών αναδιαρθρώσεων στην Ανώτατη Εκπαίδευση» , Τετράδια Μαρξισμού νο.12

https://www.researchgate.net/publication/344217404_E_Politike_Oikonomia_ton_neosynteretikon_anadiarthroseon_sten_Anotate_Ekpaideuse

Τα σχόλια μου για την μπροσούρα της νΚΑ βρίσκονται σε

Μαυρουδέας Στ. (2021), «Πάλη κόντρα στο Επιχειρηματικό Πανεπιστήμιο», εφημερίδα ΠΡΙΝ 8-9 Μαϊου, Νο. 1522

Πάλη κόντρα στο επιχειρηματικό πανεπιστήμιο – ΠΡΙΝ 8-9 Μαϊου 2021

‘Competing Explanations and Strategies for the Greek Crisis and the Question of the Productive Model’, Stavros Mavroudeas

Routledge has just published a collective volume edited by Vassilis Fouskas and Constantine Dimoulas.

https://www.routledge.com/Greece-in-the-21st-Century-The-Politics-and-Economics-of-a-Crisis/Fouskas-Dimoulas/p/book/9781857438673#toc

The book is titled ‘Greece in the 21st Century: The Politics and Economics of a Crisis’

I have contributed a chapter titled ‘Competing Explanations and Strategies for the Greek Crisis and the Question of the Productive Model’

The outline of my chapter is the following.

The Greek crisis that erupted in 2009 is part of the 2007-8 global capitalist crisis. The latter is the first major crisis of the 21^st century and, because of its structural nature, it has long-term repercussions. Its structural nature is expressed in the feeble recovery after the crisis, the ‘double dip’ that followed and the fears for a future return of the recession. Another crucial repercussion is the eruption of several regional crises of which the crisis of the Eurozone (with Greece at its centre) is the most significant.

The Greek crisis was expressed as a debt crisis (that is a disequilibrium in the sphere of circulation) although, as this paper will argue, its causes are deeper and lay in the sphere of production. In any case, and irrespective of different explanations, it is nowadays unquestionable that this crisis goes hand in hand with destructive processes in the sphere of production. It is evident that the current Greek productive model – with the shrinkage of the primary sector, the growing deindustrialization and the bubble of services – has failed and it is not sustainable. Thus, all competing strategies for surpassing the crisis have offered proposals about restructuring the Greek production model. Notwithstanding, these proposals differ widely as they represent different understandings of the Greek crisis and they reflect different socio-economic interests. In each of these strategies productive restructuring holds a different role. For example, those explanations that consider the Greek case simply as a debt crisis, that is a crisis in the sphere of circulation alone that only subsequently affected the sphere of production, attribute to productive restructuring a secondary role behind the primary role of securing debt viability. They, more or less, purport that if the latter is solved then productive restructuring would follow suit. On the contrary, if the causes of the crisis are posited in the sphere of production, as Marxist approaches that focus on the tendency of the rate of profit to fall maintain, then productive restructuring assumes the primary role.

The next section presents the main competing explanations of the Greek crisis and how they confront the problem of the productive model. The third section analyses the strategies that emanate from them the strategies and what role has productive restructuring within them. Its last sub-section acts as conclusions by proposing a strategy of disengagement from the EU.

 

The table of contents of the volume is the following:

Table of Contents

Introduction and Acknowledgments – What’s in the Greek Cauldron?

Vassilis K. Fouskas and Constantine Dimoulas

1 Eurozone Authoritarianism and the Neoliberal Project in Greece and Southern Europe

Kees van der Pijl

2 Sovereign Debt or Balance of Payments Crisis? Exploring the Structural Logic of Adjustment in the Eurozone

Matthias Kaelberer

3 Greece and the Crisis of the Eurozone: A Structural Analysis

Leila Simona Talani

4 Is There Really a Eurozone Crisis?

Turan Subasat

5 Competing Explanations and Strategies for the Greek Crisis and the Question of the Productive Model

Stavros Mavroudeas

6 Internal Devaluation and Hegemonic Crisis (2010-16)

Elias Ioakimoglou

7 The ‘Politics of Fulfilment’ as a Preliminary for the Making of a Precarious State in Greece

Maria Markantonatou

8 The Political Effects of the Greek Economic Crisis: The Collapse of the Old Two-Party System

Alexander Kazamias

9 Blaming the Other: An Inquiry into the Cultural and Political Preconditions of the Greek Crisis

Tolis Malakos

Βιβλιοπαρουσίαση του συλλογικού τόμου ‘Greek Capitalism in Crisis: Marxist Analyses’, Κόρινθος, 27 Οκτωβρίου, 6-8μμ

Στα πλαίσια του συνεδρίου ‘Russian Revolution Centenary: Reflections on the 21^st Century’ (26^th -29^th October 2017 Corinth, Greece) θα γίνει βιβλιοπαρουσίαση του συλλογικού τόμου ‘Greek Capitalism in Crisis: Marxist Analyses’ που επιμελήθηκε ο Σταύρος Μαυρουδέας και εκδόθηκε από τον εκδ. οίκο Routledge.

Η βιβλιοπαρουσίαση θα γίνει στο Session 5 (18.00-20.00, Amphitheater) στα ελληνικά.

 

Για το βιβλίο θα συζητήσουν οι Διονύσης Γράβαρης, Δημοφάνης Παπαδάτος. Χρήστος Παπαθεοδώρου και Σταύρος Μαυρουδέας.

Θα προεδρεύσει η Μαρία Νικολακάκη.

https://www.routledge.com/Greek-Capitalism-in-Crisis-Marxist-Analyses/Mavroudeas/p/book/9781138226852

 

 

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

The Great Financial Meltdown

Systemic, Conjunctural or Policy Created?

New Directions in Modern Economics series

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

Critical Acclaim

‘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

http://www.e-elgar.com/shop/the-great-financial-meltdown

Extent: c 384 pp

Hardback Price: £95.00 Web: £85.50

Publication Date: 2016

ISBN: 978 1 78471 648 6

«Κομμουνιστική πολιτική, ενιαίο μέτωπο και μεταβατικό πρόγραμμα»

Κυκλοφόρησε από τις εκδόσεις ΤΟΠΟΣ ο συλλογικός τόμος (που επιμελήθηκε ο Α.Χρύσης) με τίτλο «Θεωρία της Μετάβασης και Σοσιαλιστική Εναλλακτική».

Στον τόμο αυτό έχω συγγράψει κεφάλαιο με θέμα «Κομμουνιστική πολιτική, ενιαίο μέτωπο και μεταβατικό πρόγραμμα».

Το κεφάλαιο αυτό μπορεί να βρεθεί στους ακόλουθους συνδέσμους:

https://www.researchgate.net/publication/276059274________%27Communist_politics_united_front_and_transitional_programme%27_in_Greek

https://www.academia.edu/12320759/_%CE%9A%CE%BF%CE%BC%CE%BC%CE%BF%CF%85%CE%BD%CE%B9%CF%83%CF%84%CE%B9%CE%BA%CE%AE_%CF%80%CE%BF%CE%BB%CE%B9%CF%84%CE%B9%CE%BA%CE%AE_%CE%B5%CE%BD%CE%B9%CE%B1%CE%AF%CE%BF_%CE%BC%CE%AD%CF%84%CF%89%CF%80%CE%BF_%CE%BA%CE%B1%CE%B9_%CE%BC%CE%B5%CF%84%CE%B1%CE%B2%CE%B1%CF%84%CE%B9%CE%BA%CF%8C_%CF%80%CF%81%CF%8C%CE%B3%CF%81%CE%B1%CE%BC%CE%BC%CE%B1_-_Communist_politics_united_front_and_transitional_programme_in_Greek_

 

 

The ‘Limits of Regulation’ is available on EE’s ebook site and parts are free to download

The Limits of Regulation is available on Edward Elgar’s ebook site (Elgaronline.com), and the front matter, introduction, index and references are free to download.

The main link for the book is
http://www.elgaronline.com/abstract/9780857938633.xml

 

The Limits of Regulation:A Critical Analysis of Capitalist Development

Stavros Mavroudeas

Category:Monograph Book

Publisher:Edward Elgar Publishing

Published in print:30 Jul 2012

ISBN: 9780857938633

eISBN:9780857938640

DOI:10.4337/9780857938640

Pages:232

• Buy Book in Print

This unique and original book offers a critical survey of the regulation approach, an influential theoretical school born in the 1970s and belonging to the neo-Marxist and radical political economy traditions.

A 20% discount offer for ‘GREEK CAPITALISM IN CRISIS’

Routledge is offering a 20% discount for «GREK CAPITALISM IN CRISIS’. Details follow.

——————————————————————-

20% discount with this flyer – Order online using discount code LRK69

*This 20% discount is only available on titles ordered directly from our website, until 31st December 2014, and cannot be combined with any other offer or discount.

 

Greek Capitalism in Crisis: Marxist Analyses

Edited by Stavros Mavroudeas

HB: 978-0-415-74492-8– $145.00,£85.00

With 20% Discount: $116.00, £68.00

Published: July 2014

Series: Routledge Frontiers of Political Economy

 

 

Despite the depth of the Greek crisis, the exorbitant burdens placed upon the working people and the massive popular resistance movement to capitalist policies, there is a definite lack of consistently Marxist analyses of the Greek problem. International debates regarding the Greek crisis have been dominated by orthodox (Neoclassical and neo-Keynesian) approaches.

The heterodox side of these debates has been occupied by Radical Political Economy approaches (usually radical post-Keynesian or Marxo-Keynesian perspectives). Moreover, they are dominated by the ‘financialisation’ thesis which is quite alien to Marxism, neglects the sphere of production and professes that the global crisis is simply a financial crisis that has nothing to do with ‘real’ accumulation and the profit rate.

This book argues that by emphasising the sphere of production and profitability, classical Marxist analysis better explains the Greek crisis than its orthodox and heterodox competitors. The contributors present critiques of the prevalent approaches and offer studies of the Greek crisis that use the methodology and the analytical and empirical tools of classical Marxist Political Economy. In particular, it is shown that the Greek crisis was caused by falling profitability and the ensuing overaccumulation crisis. The ‘broad unequal exchange’ existing between the euro-center and the euro-periphery contributed to Greek capital’s falling profitability. This book enriches the debate about the Greek economic crisis by demonstrating the insights that can be drawn by considering the Marxist alternative to the dominant mainstream and heterodox approaches.

 

 

Contents

Introduction

PART I: Critiques of mainstream and heterodox analyses of the Greek problem

1. Mainstream accounts of the Greek crisis: more heat than light?

2. Fiscal crisis in Southern Europe: Whose fault?

3. Explaining the rising wage-productivity gap in the Greek economy

4. The Memoranda: a problematic strategy for Greek capitalism

5. ‘Financialisation’ and the Greek case

PART II: Marxist explanations of the Greek crisis

1. The Law of the Falling Rate of Profit and the Greek economic crisis

2. Profitability and crisis in the Greek economy (1960-2012): an investigation

3. The Greek crisis: a dual crisis of over accumulation and imperialist exploitation

PART III: Crisis, Poverty and the Labor Market

1. Economic crisis, poverty and deprivation in Greece. The impact of neoliberal remedies

2. A comparative study of the structure of employment in Greece before and after the crisis

3.Recession and atypical employment: a focus on contemporary Greek metropolitan regions

 

 

To purchase this title: http://www.routledge.com/9780415744928/

 

For more information, contact Beth Henderson at beth.henderson@taylorandfrancis.com, (212)216-7843

*This 20% discount is only available on titles ordered directly from our website, until 31st December 2014, and cannot be combined with any other offer or discount.

 

 

 

Pre-anouncement of the publication of ‘Greek Capitalism in Crisis – Marxist Analyses’

This is a pre-anouncement of the publication of ‘Greek Capitalism in Crisis – Marxist Analyses’.

http://www.routledge.com/books/details/9780415744928/

 

 

 

 

 

 

The volume editor is Stavros Mavroudeas.

Its contents are the following:

INTRODUCTION (Stavros Mavroudeas)

PART I: Critiques of mainstream and heterodox analyses of the Greek problem

1. Mainstream accounts of the Greek crisis: more heat than light? (Stavros Mavroudeas and Dimitris Paitaridis)
2. Fiscal crisis in Southern Europe: Whose fault? (Thanasis Maniatis)
3. Explaining the rising wage-productivity gap in the Greek economy (Thanasis Maniatis and Costas Passas)
4. The Memoranda: a problematic strategy for Greek capitalism (Demophanes Papadatos)
5. ‘Financialisation’ and the Greek case (Stavros Mavroudeas)

PART II: Marxist explanations of the Greek crisis

1. The Law of the Falling Rate of Profit and the Greek economic crisis (Thanasis Maniatis and Costas Passas)
2. Profitability and crisis in the Greek economy (1960-2012): an investigation (George Economakis, George Androulakis and Maria Markaki)
3. The Greek crisis: a dual crisis of overaccumulation and imperialist exploitation (Stavros Mavroudeas and Dimitris Paitaridis)

 

PART III: Analyses of particular areas (labour market, social policy, health economics)

1. Economic crisis, poverty and deprivation in Greece. The impact of neoliberal remedies (Christos Papatheodorou)
2. A comparative study of the structure of employment in Greece before and after the crisis (Alexis Ioannides)
3. Recession and atypical employment: a focus on contemporary Greek metropolitan regions (Stelios Gialis)

CONCLUSIONS (Stavros Mavroudeas)