Harry Magdoff
Datos Biográficos
| ID | 293472 |
|---|---|
| NOMBRE | Harry Magdoff |
| NOMBRES | Harry |
| APELLIDO | Magdoff |
| FIRMA | MAGDOFF H |
| VERIFICADO | No |
| TOTAL DE OBRAS | 167 |
| TOTAL DE CITAS | 49 |
| TOTAL COMO AUTOR | 167 |
| TOTAL COMO EDITOR | 0 |
| PRIMER AÑO DE PUBLICACIÓN | 1965 |
| AÑO MÁS RECIENTE DE PUBLICACIÓN | 2024 |
| ÍNDICE H | 3 |
Socialism—A Time to Retreat
In this reprise from September 2000, Harry Magdoff, John Bellamy Foster, and Robert W. McChesney look forward to the future of Monthly Review in the twenty-first century: "Despite mistakes, setbacks, and recognition that the road is long and arduous, we must not waver as we continue to study, educate, and be missionaries for the transcendence of the social system of capitalism and the development...of a society of equals
The Ecological Crisis of Capitalism and Human Survival
In this remarkable reprise reprinted from Monthly Review's October 1992 issue, Harry Magdoff and Paul Sweezy look ahead to the ecological crisis that has continued to unfold into the twenty-first century. Presaging the critical juncture at which we find ourselves today, they write that "only a change in the in the nature of power structures on a global scale could bring a realistic hope for the long-term continuation of human civilization.... If …
Listen to the Ecologists
In this reprise from 1992, former MR editors Harry Magdoff and Paul M. Sweezy look toward the end of the recession then plaguing the United States, seeing choice looming on the horizon: Will the progressive left attempt to reform capitalism, or replace it entirely? Capital's inexorable thirst for growth beyond natural limits, they write, means we must choose the latter—"if we care about the future of the human species...we had better listen to th…
The Puzzle of Financialization
In this reprise from October 1993, Henry Magdoff and Paul Sweezy ask: "Isn't there anyone around here who understands how this capitalist system works
The Political Tragedy of Capitalist Rule
In this prescient article from 1995, former MR editors Harry Magdoff and Paul M. Sweezy show that, through their own profligacy, the ruling classes have lost their capacity for political rule. The way forward, Magdoff and Sweezy write, is an "organized, militant struggle," and with victory necessarily leading to the overthrow of capitalist rule
End of Cold War Illusions
In this reprint of the February 1994 "Notes from the Editors," former MR editors Harry Magdoff and Paul M. Sweezy ask: "The United States could not have won a more decisive victory in the Cold War. Why, then, does it continue to act as though the Cold War is still on
Whither China
In December 2002, Isabel Crook, a Canadian anthropologist who had spent most of her life in China and a longtime friend and supporter of Monthly Review, wrote a letter to the MR editors questioning the critical nature of coverage of China's capitalist road to socialism since the ascendance of Deng Xiaoping in the late 1970s. This short exchange with Harry Magdoff reflects the complex ways in which dedicated socialists sought to address changes in…
The Clock Slows Down
Despite its inherent hazard of excess capacity, capitalism is distinguished by the vast, long-run expansion of its productive forces. How come? To answer this, we need to move from theory to history.Click here to purchase a PDF version of this article at the Monthly Review website
The New Stage of Globalization
By the end of 1990, foreign direct investment—that is, investment in manufacturing, real estate, raw materials, extraction, financial institutions, etc., made by capitalists of all lands outside their national borders—reached over $1.5 trillion.... [W]hat is significant about this number is not only its size but the unprecedented speed with which it has grown in the last two decades: the amount directly invested in foreign lands nearly tripled in…
Primitive Accumulation and Imperialism
To mark the centenary this year of the birth of Harry Magdoff, born August 21, 1913, Monthly Review is publishing the following talk found in his papers, and originally entitled "Primitive Accumulation." The precise date and occasion of the talk is unknown. However, an inspection of the contents suggests that it was probably delivered not long after the publication of Arghiri Emmanuel's article "White-Settler Colonialism and the Myth of Investmen…
Capitalism and the Fallacy of Crude Underconsumptionism
The question of "underconsumptionism" is a tangled one—due not only to the commonplace fallacy associated with what is known as "crude underconsumptionism," but also because the term has been used at various times to refer to what Joseph Schumpeter in his History of Economic Analysis called "non-spending" or effective demand theories (the second in a typology of underconsumption theories designated by Schumpeter). Underconsumption in this sense, …
Financial Instability
The recession that began in the second quarter of 1981 (the second in two years) dragged on into 1982. Most observers look for some recovery in the second half of the year, but hardly anyone expects it to be vigorous. Meanwhile, all the typical signs of stagnation continue to be in evidence. The official unemployment rate which stood at 7.6 percent in 1981 rose to 9.5 percent by the middle of 1982, and the manufacturing capacity utilization rate …
No Nukes
Considerations of Environmental Protection Criteria for Radioactive Waste, U.S. Environmental Protection Agency, Office of Radiation Programs, Waste Environmental Standards Program, Washington, D.C. 20460, February 1978.Most government reports make dull reading, and this one is no exception. But it contains a message which needs to be taken in by everyone even minimally concerned about the future of the human race. That message, quite simply, is …
Harry Magdoff, August 21, 1913-January 1, 2006
Harry Magdoff, coeditor of Monthly Review since 1969, socialist, and one of the world’s leading economic analysts of capitalism and imperialism, died in his home in Burlington, Vermont on January 1. He was ninety-two years oldThis article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website
International Economic Distress and the Third World
Two themes have become standard components of the flood of economic analyses pouring out these days. One is that the world's economy has become unprecedentedly interdependent. The other is that the international economy is under growing stress. Although there are reasonable grounds for both of these statements, it is equally true that as usually formulated they obscure more than they reveal.This article can also be found at the Monthly Review web…
Four Letters on Capitalism and Socialism
Even when Harry Magdoff was writing articles less often in his final years, he continued to compose letters that displayed his keen interest in world developments, the evolution of his thinking, and his deep personal commitments. Reprinted here are four letters he wrote in the opening years of the new millennium. The first was written while he still lived in New York. The last three were written in Vermont where Harry had moved in June 2002 to li…
Approaching Socialism
Among the arguments against socialism is that it goes against human nature. "You can't change human nature" is the frequently heard refrain. That may be true of basic human instincts such as the urge to obtain food to eat, reproduce, seek shelter, make and wear protective clothing. However, what has usually been referred to as "human nature" has changed a great deal during the long history of humankind. As social systems changed, many habits and …
China and Socialism
We depart this year from our usual practice for MR's July–August double issue. Instead of a collection of articles on a common theme, we are devoting the issue to a single manuscript—a study of China and economic development theory by Martin Hart-Landsberg and Paul Burkett that will be published in book form by Monthly Review Press early next year. Although there are numerous books on China, this one is especially worthy. It is a careful, clear, …
Disposable Workers
These are difficult times for workers. In the wealthy countries of capitalism's center, labor is struggling to maintain existing wages and benefits against a combined assault by corporations and governments, while conditions of workers in the periphery are even more difficult. The widespread acceptance and adoption of capital's agenda—"free trade," "free markets," greater "flexibility" regarding labor, and reduced social welfare assistance—has le…
Encounters with Che
We think the following letter, written to the daughter of long-time friends, will be of interest to our readers.—The Editors.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website
Farewell, Comrade Paul
This eulogy was read by Robert W. McChesney at a memorial meeting for Paul M. Sweezy on April 17, 2004, in New York City.—The Editors. If I belong anywhere today, it is with you. But to my great regret, I cannot be physically present. No doubt other speakers will deal with Paul as a major theoretician, a worldwide influential thinker and struggler for the sake of humanity. And there is much to say about Paul the human being. Not to monopolize the…
Capitalism and the Environment
It is obvious that humankind has arrived at a crucial turning point in its long history. Nuclear war could terminate the whole human enterprise. But even if this catastrophic ending can be avoided, it is by no means certain that the essential conditions for the survival and development of civilized society as we know it today will continue to exist.This article can also be found at the Monthly Review website, where most recent articles are publis…
Imperialism Without Colonies
In the decades after 1945, as colonial possessions became independent states, it was widely-believed that imperialism as a historical phenomenon was coming to an end. The six essays collected in this volume demonstrate that a new form of imperialism was, in fact, taking shape--an imperialism defined not by colonial rule but by the global capitalist market. From the outset, the dominant power in this imperialism without colonies was the United Sta…
Capitalism as a World Economy
Harry Magdoff sat down to talk in front of a video camera in April 2003, three weeks before the conference "Imperialism Today" sponsored by Monthly Review in honor of his ninetieth birthday. An edited version of his remarks would be shown on a large screen at the start of the conference. But Harry has much to say that will be left on the cutting room floor, not because it lacks relevance, but because the time for the video is short, and a good po…
Le réseau impérial états-unien et la « guerre contre le terrorisme »
The Imperial Web and the War on Terrorism: U.S. Military Bases and Empire. The attacks of September 11,2001 and the subsequent global War onTerrorism directed by the United States have made it clear that the world is now dominated by an American Empire, which extends far beyond the British Empire of old. The extent of U.S. imperial ambitions is perhaps best understoood in terms of the history of its military bases, which are now located in around…
Disposable Workers
These are difficult times for workers. In the wealthy countries of capitalism's center, labor is struggling to maintain existing wages and benefits against a combined assault by corporations and governments, while conditions of workers in the periphery are even more difficult. The widespread acceptance and adoption of capital's agenda—"free trade," "free markets," greater "flexibility" regarding labor, and reduced social welfare assistance—has le…
Primitive Accumulation and Imperialism
To mark the centenary this year of the birth of Harry Magdoff, born August 21, 1913, Monthly Review is publishing the following talk found in his papers, and originally entitled "Primitive Accumulation." The precise date and occasion of the talk is unknown. However, an inspection of the contents suggests that it was probably delivered not long after the publication of Arghiri Emmanuel's article "White-Settler Colonialism and the Myth of Investmen…
Capitalism and the Environment
It is obvious that humankind has arrived at a crucial turning point in its long history. Nuclear war could terminate the whole human enterprise. But even if this catastrophic ending can be avoided, it is by no means certain that the essential conditions for the survival and development of civilized society as we know it today will continue to exist.This article can also be found at the Monthly Review website, where most recent articles are publis…
Third World Debt—Past and Present
Although today's third world debt crisis has features different from previous crises, it is far from unique in the history of capitalism. Accumulation of foreign debt, with its aftermath of severe financial strains and reduction in the living standards of the people, has long been common to the periphery of the world capitalist system. Conversely, the energetic extension of loans to weaker nations by bankers of the core capitalist nations has lon…
The Limits of International Reform
Even the best of reform movements tend to foster illusions. And the proposed New International Economic Order is no exception. Justifiably dissatisfied with the traditional international economic order and the practices of the imperialist powers, the leaders of the Third World have been energetically pressuring for a New Deal—one which its advocates hope and expect will eventually result in a more equitable distribution of wealth between rich and…
Globalization—To What End? Part I
By the end of 1990, foreign direct investment—that is, investment in manufacturing, real estate, raw materials extraction, financial institutions, etc., made by capitalists of all lands outside their national borders—reached over $1.5 trillion. Actually, this official estimate grossly understates the case because it is based on book values. But even as a minimum estimate, what is significant about this number is not only its size but the unpreced…
Are There Economic Laws of Socialism
The Bolsheviks believed that by overthrowing capitalism they were acting in harmony with a scientific law of history. But they were equally aware that, apart from general principles, there was no science of how socialism was to be constructed; nor were there preconceived laws of socialist economic development.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF…
Production and Finance
In a review of a new book on the problems of the U.S. economy, Cornell economics professor Alfred E. Kahn, perhaps best known as Jimmy Carter's "inflation fighter," articulates in the briefest and clearest form an important tenet of orthodox economics which is usually taken for granted and left unexpressed.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF ve…
The Meaning of Work
Marxists may be expected to have few disagreements about the meaning of work in the past and present. The same cannot be said, however, about work in the future. Since I will be talking about work under socialism and communism as well as in history, what I am presenting here is a Marxist perspective, not the Marxist perspective.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click her…
Militarism and Imperialism
Peace reigns supreme in the realm of neo-classical economics. War, militarism, and the pacification of natives are treated as merely elements which disturb the harmonious equilibrium models which are to supply us with the universal truths about the allocation of scarce resources. This article can also be found at the Monthly Review website , where most recent articles are published in full. Click here to purchase a PDF version of this article at …
Approaching Socialism
Among the arguments against socialism is that it goes against human nature. "You can't change human nature" is the frequently heard refrain. That may be true of basic human instincts such as the urge to obtain food to eat, reproduce, seek shelter, make and wear protective clothing. However, what has usually been referred to as "human nature" has changed a great deal during the long history of humankind. As social systems changed, many habits and …
The New Face of Capitalism
For a long time now, the U.S. economy and the economies of the advanced capitalist world as a whole have been experiencing a slowdown in economic growth relative to the quarter-century following the Second World War. It is true that there have been cyclical upswings and long expansions that have been touted as full-fledged "economic booms" in this period, but the slowdown in the rate of growth of the economy has continued over the decades. Graspi…
On Understanding the History of Capitalism
We started writing about the U.S. economy going into recession at least as long ago as 1989. By late 1990 it became official, and it has lasted ever since with a few false starts in between. As we write this (late August), all signs point to more of the same. Why? Normally, recessions last a few months, and recovery, once it begins, proceeds for at least a year or so. Why is it different this time? This is the question that haunts the business pr…
Globalization—To What End? Part II
The first part of this article (MR, February 1992) dealt with the recent rapid growth of foreign direct investment, seen against the background of a marked slowdown in global economic growth. Evidence was presented to illustrate three noteworthy new features of the upsurge in border-erossing capital movements. First, German and japanese capitalists entered the arena to become large and competitive exporters of capital, ending U.S. predominance. S…
Investment For What
Magicians use sleight-of-hand to create intriguing illusions, but they are not the only ones who practice that trade. Economists and business spokespeople also create fantasies by diverting attention from what is important. The difference is that magicians deceive only their audience, while these other illusionists deceive themselves as well.This article can also be found at the Monthly Review website, where most recent articles are published in …
Socialism and Ecology
There is a widespread and apparently growing belief not only in this country but generally throughout the world that the kind of socialism that came into the world with the Russian Revolution of 1917—often referred to as "actually existing socialism"—has failed. What this means is of course neither obvious nor unambiguous, but I do not want to get into the problem of definitions. Indeed, I fully agree that there is a meaningful sense in which it …
The Stock Market Crash and its Aftermath
Panic is but a step away from euphoria in a market that has run amok. History has demonstrated time and again that manic speculation produces violent reactions. In this respect, the recent stock market collapse is no exception. Why it happened precisely when it did is of little relevance, since sooner or later the turn from euphoria to panic was inevitable. What happened this time, however, was not just another pricking of a speculative bubble. I…
Vietnam and Nicaragua
In this space in May 1974, under the title "Notes on Watergate One Year Later," we wrote: When and how the Watergate affair will end is still anyone's guess. Congressional investigations and court trials have generated a momentum of their own, producing a seemingly unending flow of scandal and sensation. On top of this, new rumors of additional revelations crop up almost daily, and various scenarios about impeachment or resignation of the Preside…
The Financial Explosion
Credit where credit is due. For a long time now we have been harping in this space on the theme of a monetary system out of control; of the wild proliferation of new financial institutions, instruments, and markets; of the unchecked spread of a speculative fever certainly more pervasive and perhaps even more virulent than any recorded in the long history of capitalism's get-rich-quick obsessions. With few exceptions, accredited economists, as is …
The Federal Deficit
Behind the fuss and fury over current U.S. budget deficits looms a crucial paradox that frustrates our economic pundits, financiers, and politicos.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website
The Two Faces of Third World Debt
Falstaff: "I can get no remedy against the consumption of the purse: borrowing only lingers and lingers it out, but the disease is incurable." King Henry IV, Part II. The tremors that shook the financial world during 1982 and most of 1983 have for the time being subsided. But the ensuing calm is an uneasy one: clearly, the crisis has merely been postponed to another day.This article can also be found at the Monthly Review website, where most rece…
The Uses and Abuses of Measuring Productivity
A year ago in this space we analyzed the spurious nature of the alarms over what has been happening to U.S. productivity ("Productivity Slowdown: A False Alarm," MR, June 1979). Since then there has been no letup in the beating of the drums. It is now widely taken for granted, even within the ranks of labor, that productivity has in fact been declining and that this supposed decline is at the root of most of our economic ills. At the same time wh…
Productivity Slowdown
The recovery from the severe recession of 1974-1975 has been unable to solve two of the most persistent and oppressive diseases of the U.S. (and the world capitalist) economy. Employment did pick up as production advanced, but not enough to eliminate mass unemployment. And inflation keeps on going from bad to worse. What's wrong? Why can't something be done about these evils? A large part of the answer, according to our eminent thinkers and influ…
Is There a Noncapitalist Road?; Crisis Within the Crisis
My remarks will be blunt because of time limits. Perhaps that is just as well, if they thereby also help sharpen some of the issues. In Marxist circles, and prominently advanced at this conference, there is a widespread theory that a third line of social development exists, one that is neither capitalist nor socialist but which nevertheless leads inexorably to socialism. This "non-capitalist development" is supposed to be achieved by those Third …
The Economic Crisis in Historical Perspective, Part II
In last month's Review of the Month we argued that U.S. capitalism has once again, as in the 1930s, entered a period of persistent and prolonged stagnation. At the same time we expressed agreement with those who, while recognizing that many big banks and corporations are in very shaky condition, doubt that this time it will come to a 1933-type panic. The expectation of prompt government intervention—through some combination of debt moratoriums an…
The Achievement of Paul Baran
A New Deal economist, responsible during the war for planning and controls in key manufacturing industries, Harry Magdoff was later in charge of the Department of Commerce monthly, Survey of Current Business, and Special Assistant to the Secretary of Commerce. He is the author of Production, Employment, and Productivity in 59 Manufacturing Industries, and lecturer in economics at the New School for Social Research. Paul Baran was a social scienti…
Economic Aspects of U.S. Imperialism
Three interrelated views on economic imperialism and United States foreign policy prevail today: (1) Economic imperialism is not at the root of United States foreign policy. Instead, political aims and national security are the prime motivators of foreign policy. (2) Economic imperialism cannot be the main element in foreign policy determination, since United States foreign trade and foreign investment make such relatively small contributions to …
The Age of Imperialism, Part III
The highly complex interrelationship between the international monetary system and U.S. financial operations comprises, as we have seen, a series of arrangements which have produced the seeming miracle that the United States has grown richer and more powerful in the face of, and indeed because of, a longterm deficit in its balance of payments. This ironic paradox is possible because the balance-of-payments deficit is used to finance three types o…
The Age of Imperialism, Part I
A focal point of Lenin's theory of imperialism is the classification of imperialism as a special stage in the development of capitalism, arising towards the end of the 19th century. This attempt to give imperialism such a specific historical reference date has been a subject of controversy, the main objection being that many of the features considered characteristic of imperialism are found early in the game and throughout the history of capitali…
The Age of Imperialism, Part II
A recent article in Fortune reports: "The biggest growth area of United States banking today is not in the United States but overseas.... The expansion overseas is also creating the first truly international network of banks." This development in banking is a fitting complement to the new role of the United States as the leader and organizer of the imperialist order. What could be more natural than the coincidence of (a) the widespread military a…
Notes on the Multinational Corporation, Part I
By now there exists an extensive literature on what have come increasingly to be called "multinational" corporations or companies—that is, corporations with headquarters in one country and a variety of subsidiaries in other countries. Hardly any of it, however, is written from a Marxist point of view, a fact which, given the obvious importance of the subject, casts a revealing light on the state of Marxist social science in the United States (or …
Notes on the Multinational Corporation, Part II
In the previous section the thesis was advanced that the self-expansion process of capital goes through two phases, the competitive and the monopolistic. In the competitive phase the individual firm grows by reducing costs, realizing larger profits, and investing in increased capacity to turn out a product which, being essentially indistinguishable from the products of its competitors, can always be sold at—or, more realistically, slightly under—…
The Merger Movement
During the last year or so a tremendous amount of publicity has been devoted to the corporate merger movement, but to our knowledge there has not been much serious discussion of its significance. A review of some of the outstanding facts and what they mean and do not mean may therefore be useful.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of th…
The Old Left and the New
Even for those of us who lived through the period as political activists, it is hard to remember the state to which the radical movement had been reduced at the time when MR was founded two decades ago. The collapse was sudden and largely unexpected. The New Deal coalition had survived the war and seemed for a while to be on the verge of a new upsurge. A meeting was held in Chicago in 1947 under the auspices of the National Citizens Political Act…
Vietnam
If it achieves nothing else, President Nixon's speech of November 3rd should at least have succeeded in destroying once and for all the illusion, so widespread on the Left during the last year and a half, that the U.S. ruling class has decided to liquidate the Vietnam war.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthl…
The Great Moondoggle
According to some ways of figuring, it cost anywhere from $25 to $30 billion to put two men on the moon for a few hours and to get them back again with some 80 pounds of rock and dust from the lunar surface.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website
Is Imperialism Really Necessary? Part I
The following is the first part ot a reply to a critical essay on Harry Magdoff's The Age of Imperialism. The second, and concluding, part will appear in the next issue of MR. Both the essay (by S. M. Miller, Roy Bennett, and Cyril Alapatt) and the reply are appearing in the September/October issue of Social Policy. The original title of their essay was "Is Imperialism Really Necessary?" but it was finally published as "Does the U.S. Economy Requ…
Notes on Inflation and the Dollar
It has long been known that in a monopoly capitalist economy inflation is possible without any excess of aggregate effective demand over productive potential. It is enough that demand should increase sharply in one or more important sectors of the economy, permitting monopolistic corporations in these sectors to raise prices and reap higher profits. Other sectors of the economy, even if characterized by excess capacity, have no reason to lower pr…
Militarism and Imperialism
Peace reigns supreme in the realm of neo-classical economics. War, militarism, and the pacification of natives are treated as merely elements which disturb the harmonious equilibrium models which are to supply us with the universal truths about the allocation of scarce resources. This article can also be found at the Monthly Review website , where most recent articles are published in full. Click here to purchase a PDF version of this article at …
The Long-Run Decline in Liquidity
In most respects the current economic recession has closely resembled previous post-Second World War recessions. As usual the major immediate factor at work has been a decline in private investment, and also as usual the most volatile component of private investment has been investment in inventories.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version …
The War Spreads
Perhaps it is no more than a truism to say that wars either end or they spread: an endless war is a spreading war. But at least it is a truism which should not be ignored or forgotten. In his speech of November 3rd, Nixon talked about ending the war in Vietnam, but the policies he opted for were in fact designed to prolong it indefinitely. There should therefore be no surprise that now, just a few months later, the war is spreading and gives ever…
Is Imperialism Really Necessary? Part II
As noted in Part One, the Critics base their interpretation of the current state of U.S. imperialism on what they consider to be the relative smallness of private investment in the underdeveloped world. We have tried to show that the economic involvement is considerably larger than one would infer merely from the statistics on direct foreign private investment. However, one needs to dig deeper. While the relative size of a particular economic sec…
War and Crisis
Otto Rene Castillo (Guatemala, 1936-1967) was a political intellectual. As the consequence of his organizing activities at the University of Guatemala he was tortured, imprisoned, and then exiled. In 1955 he shared the Central American Poetry Award with Roque Dalton. After a period of study at the University of Leipzig, he returned to Guatemala in 1966 and joined the FAR (Armed Rebel Forces). In March 1967, having subsisted on roots for fifteen d…
Economic Myths and Imperialism
The following was written as a Foreword to the American edition of Pierre Jalee, Imperialism in the Seventies (New York: Third Press, available January 1972).This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website
Economic Stagnation and the Stagnation of Economics
The New York Times carried a page-one, column-eight story in its issue of March 6th under the headline, "Rate of Jobless Fell in February for a 2nd Month." On the face of it this would appear to be good news: the job situation, after worsening steadily for a whole year, is apparently beginning to improve.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF vers…
Vietnam, China, and the Coming Crisis
Nixon's forthcoming visit to Peking has been widely interpreted by conservatives, liberals, and radicals alike as proof that Washington has at last decided to get out of Vietnam. The reasoning seems to be that Nixon wants to establish formal relations with China and to begin the reorientation of U.S. Asian policy away from the disastrous course of the whole period since the Second World War. China, on the other hand, has made it clear that nothin…
The End of U.S. Hegemony
Nixon's new economic policy (NEP) marks the end of one phase of postwar global capitalist history and the beginning of another. This, rather than the specific actions it initiates or envisages, is its real significance.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website
The Lessons of Poland
Recent events in Poland cast a revealing light on the situation in that country as it developed under the Gomulka regime, and at the same time raise important questions about the future not only of Poland but also of the other European socialist countries.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website
The Impact of U.S. Foreign Policy on Underdeveloped Countries; The Future of Socialism
The two pieces that follow were presented in a series of discussions on topics of current interest in a course on political economy at American University in the 1970 fall semester. There were two speakers on each topic. In the case of "The Impact of U.S. Foreign Policy on Underdeveloped Countries," Harry Magdoff led off, while on "The Future of Socialism," Paul Sweezy responded to a presentation by Robert Heilbroner. —The EditorsThis article can…
Balance of Payments and Empire
In his Foreign Affairs column in the New Yark Times the day after election day, Cyrus Sulzberger wrote: "With respect to all these matters—military, commercial, diplomatic, and monetary—the position of the dollar is crucial."This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website
Political science (138 obras) · History (133 obras) · Law (117 obras) · Sociology (102 obras) · Economics (85 obras) · Economic history (79 obras) · Political economy (75 obras) · Politics (74 obras) · Political Economy and Marxism (36 obras) · Capitalism (35 obras)