From personal finance and consumer spending to ballooning national expenditures on warfare and social welfare, debt is fundamental to the dynamics of global capitalism. The contributors to this volume explore the concept of indebtedness in its various senses and from a wide range of perspectives. They observe that many views of ethics, citizenship, and governance are based on a conception of debts owed by one individual to others; that artistic and literary creativity involves the artist s dialogue with the works of the past; and that the specter of catastrophic climate change has underscored the debt those living in the present owe to future generations."

Class Theory and History takes an ambitious and ground-breaking look at the entire history of the Soviet Union and presents a new kind of analysis of the history of the USSR: examining its birth, evolution, and death in class terms. Utilizing the class analytics they have developed over the last three decades, Resnick and Wolff formulate the most fully developed economic theory of communism now available. Their initial, and controversial, conclusion - Soviet industry never established a communist class structure - then leads to a discussion on the future of private capitalism, state capitalism and communism.

Takes an ambitious and ground-breaking look at the entire history of the Soviet Union and presents a new kind of analysis of the history of the USSR: examining its birth, evolution, and death in class terms. Utilizing the class analytics they have developed over the last three decades, Resnick and Wolff formulate the most fully developed economic theory of communism now available, and use that theory to answer the question: did communism ever exist in the USSR and if so, where, why and for how long? Their initial, and controversial, conclusion: Soviet industry never established a communist class structure. This conclusion then leads to a discussion on the future of private capitalism, state capitalism and communism.

Intense debates in recent decades have provoked major new directions in Marxist theory. Earlier reductionist notions of knowledge, dialectics, contradiction, class, and capitalism have been challenged and profoundly transformed.

A systematic comparison of the three major economic theories, showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists around such central issues as the role government should play in the economy and the class structure of production, stressing the different analytical, policy, and social decisions that flow from each theory's conceptualization of economics. The authors, building on their earlier book Economics: Marxian versus Neoclassical, offer an expanded treatment of Keynesian economics and a comprehensive introduction to Marxian economics, including its class analysis of society. Beyond providing a systematic explanation of the logic and structure of standard neoclassical theory, they analyze recent extensions and developments of that theory around such topics as market imperfections, information economics, new theories of equilibrium, and behavioral economics, considering whether these advances represent new paradigms or merely adjustments to the standard theory. They also explain why economic reasoning has varied among these three approaches throughout the twentieth century, and why this variation continues today-as neoclassical views give way to new Keynesian approaches in the wake of the economic collapse of 2008.

Why should we pay attention to the great social critics like Marx? Americans, especially now, confront serious questions and evidences that our capitalist system is in trouble. It clearly serves the 1% far, far better than what it is doing to the vast mass of the people. Marx was a social critic for whom capitalism was not the end of human history. It was just the latest phase and badly needed the transition to something better. We offer this essay now because of the power and usefulness today of Marx's criticism of the capitalist economic system. eBook: https://bit.ly/2K6iI8v

From personal finance and consumer spending to ballooning national expenditures on warfare and social welfare, debt is fundamental to the dynamics of global capitalism. The contributors to this volume explore the concept of indebtedness in its various senses and from a wide range of perspectives. They observe that many views of ethics, citizenship, and governance are based on a conception of debts owed by one individual to others; that artistic and literary creativity involves the artist s dialogue with the works of the past; and that the specter of catastrophic climate change has underscored the debt those living in the present owe to future generations."

An analysis of relationships between men and women that benefits from the rich traditions of feminism and Marxism, and yet is free from the economic, political and other determinisms that have been so ubiquitous in those traditions. Drawing on new feminist and Marxian theories, the authors connect the relationships of class, gender and power inside modern households. The resulting new theory establishes the initimate arena of the household as a centrally important object of contemporary social analysis.