Category Archives: Marxian

What kind of Canadian political scientist are you?

Via Facebook You are devoted to the great Canadian tradition of radical political economy. You have some sort of connection to York University. Your great dream is to co-publish with Leo Panitch. You stopped explaining your work and that you … Continue reading

Posted in Canadian Universities, Marxian | Leave a comment

Causes of the financial Crisis

These animated lectures are really good. One problem is that watching the drawing can be more interesting then the lecture. Here is David Harvey’s Crises of Capitalism. One critique that I would have is that this not really an original … Continue reading

Posted in Capitalist Consupmtion in the Modern Age, Class War, economic crisis, Finance, Free Trade, Marxian, Neoliberalism | Leave a comment

Brad Delong Wrong Yet Again and Again and Again: oh why can’t we have smarter reform liberals

Scandalum Magnatum, takes Brad Delong to task for botching  Kelecki in a recent post. Brad DeLong damns Kalecki with praise: I WAS EXPECTING A 6% PRODUCTIVITY GROWTH QUARTER, BUT THIS IS RIDICULOUS!!! Productivity increased 9.5 percent in the nonfarm business … Continue reading

Posted in Free Markets, Heterodox, liberal economic theory, Marxian, Neoclassical, Neoliberalism, Revolutionaries, unemployment | Leave a comment

Does Collective action by workers always increase unemployment?

Thinking out-loud The answer to this question is almost a unanimously agreed upon yes across paradigms even within formalized Marxian models.  In the classic Marx-Goodwin formulation successful collective action by workers only serves to increase the long-run rate of unemployment: … Continue reading

Posted in industrial relations, Marxian, Neoclassical, unemployment | 3 Comments

Real Economist Needed: New Keynesian explanation of unemployment confounds me

I have been going around on this one for some time.  The new-Keynesians’ (NKs) widely regard themselves as being a realistic improvement on their new-classical cousins.  One area in particular is said to be major part of their coup-de-grace.  Namely, … Continue reading

Posted in liberal economic theory, Marxian, Neoclassical, Neoliberalism | 6 Comments

From Despotism to Hegemony and Round-again to Hegemonic Despotism: Burawoy’s Neoliberal premonition

Michaels Burawoy’s the Politics of Production (1985), stands out as an important contribution to Marxist political economy in general and in particular Marxist analyses of the dynamic interaction between welfare state institutions, the juridical regulation of industrial relations, and the … Continue reading

Posted in Canadian Politics, industrial relations, Marxian, Neoliberalism, welfare state | Leave a comment

Northern Rock Nationalisation : Don’t Believe the Hype

By Travis Fast Over the last couple of months one could be forgiven for thinking that the world had reverted to those heady pre 1970s days. First, the phrase market failure crept back into to the popular lexicon in the … Continue reading

Posted in Marxian, Neoliberalism | Tagged , | Leave a comment

Is the Central Bank a Gambling Man or a Confidence Trickster?

By Travis Fast I encourage everyone to watch this clip of David Dodge. In his estimation commodity prices will remain high and as such fuel higher incomes which taken together with the paltry one cent reduction in the GST will … Continue reading

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The essence of socialism.

Travis Fast Sometimes when I find myself questioning many of my political positions (which I do every so often despite what appears here: which is the mark of a good social scientist I should add) I return to some foundational … Continue reading

Posted in Education, Marxian | Tagged | Leave a comment