•  14
    The “Systems Rationality” of Financial Capital
    Radical Philosophy Review 22 (1): 171-176. 2019.
  •  12
    Beyond Extreme Monetary Policy... and Towards Twenty-First Century Socialism?
    Radical Philosophy Review 21 (1): 31-51. 2018.
    Extreme monetary policies successfully prevented the “Great Recession” of 2007–2009 from turning into a global depression. However, they did not address the underlying problems in global capitalism. In recent years prominent “insiders” of global capitalism have proposed reforms designed to remedy these defects. I argue that these proposals are inadequate, due in great part to a failure to acknowledge a profound change in the “deep structure” of capitalism. Technological change, which in the past…Read more
  •  14
    The three volumes of Capital form an immensely complex work, including a variety of quite different sorts of texts. Marx’s systematic ordering of the essential determinations of capital, beginning in Volume I with relatively simple and abstract social forms and then proceeding step by step to ever more complex and concrete determinations provides a unifying thread. Many fundamental structures of the capitalist mode of production remained to be considered at the point where Marx left off in Volum…Read more
  •  16
    It is certainly possible to overestimate the practical importance of arguments for the normative legitimacy of global capitalism. But normative arguments continue to circulate in the social world, and it would be foolish to think that they do so without significant social effects. As long as ideological defenses of capitalism continue to be produced, there will be a need for ideology critiques.
  •  8
    Many social theorists assert that in leading sectors and regions of the contemporary economy a transition is occurring from 'Fordism' to the 'lean production' system of production and distribution. The present paper considers the contemporary significance of Volume Two of Capital in light of the alleged rise of lean production. The first task is to sketch briefly the nature of the transition in question.
  •  19
    In the Marxian theory of capital the term "dialectics" refers primarily to three endeavours: the systematic reconstruction of the essential determinations of capital (systematic dialectics), the reconstruction of the main lines of capitalist development (a species of historical dialectics), and the dialectics of theory and practice. In the first section of this paper I shall discuss some essential features of systematic dialectics in..
  •  1
    The first part of this book (“Social Waste and Non-Commodity Waste, and the Individual Circuit of Capital”) will probably be of most interest to readers of this journal. The author argues that Marx’s formula for individual circuits of capital does not allow a fully adequate comprehension of capitalism. Marx discusses the initial money capital invested (M), the commodity inputs purchased with investment capital (C), the production process (P), the new commodities produced (C’), and the money appr…Read more
  •  13
    The main argument in favor of neoliberalism is simple enough: individuals will freely exchange whenever mutual gains result. It follows that restricting trade and investment across borders both infringes liberty and prevents people from enjoying benefits. At this point an appeal is made to historical evidence: previously poor regions have lifted more people out of poverty at a faster rate than ever before in human history by opening up to trade and investment. Neoliberal theorists and policy mak…Read more
  •  16
    economists. According to Rosenberg, Milton Friedman's positive methodology is being supplanted by Lakatos's methodology of scientific research programs (MSRP). At any rate, the Kuhnian wave of the seventies is being swallowed up by the Lakatosian program. (Redman 142) There have been a number of attempts to comprehend mainstream (bourgeois) economics as a Lakatosian research program, or as a set of competing research programs. (Latsis, ed. passim; de Marchi and Blaug, eds.)i In contrast, the ext…Read more
  •  22
    No one would dispute that it is impossible to understand the intellectual and political history of the nineteenth and twentieth centuries without taking Karl Marx (1818-83) into account. Most believe, however, that Marx‘s legacy was buried once and for all in the rubble of the Berlin Wall. This consensus is mistaken. It would be foolish to assert that Marx anticipated the correct answer to every significant question facing us today. But it would be no less foolish to deny that Marx‘s work presen…Read more
  •  7
    Before getting to the matters at hand I would like to repeat once again how much I agree in general with Rosenthal‟s account of the bizarre ontology of money, the ultimate form of value.1 My own view remains that this agreement is far more important, theoretically and politically, than any disagreements we may have over the interpretation of Hegel.2 I would also like to note that if I were to respond to each of Rosenthal‟s complaints in adequate detail, the present piece would be longer than his…Read more
  •  1
    Hegel and Capitalism
    Proceedings of the Hegel Society of America 22 181-198. 2015.
  •  8
    In a world where exploitation and uneven development condemn billions to suffering, the proper understanding of the intellectual relationship between Hegel and Marx appears a small matter indeed. Marx‟s Capital, however, remains the single most important text for comprehending the system that generates this suffering. The question of the proper reading of this work thus remains important. Sooner or later this brings us to the Hegel/Marx question. In a recent article in Science and Society John R…Read more
  •  16
    Like most terms in social theory, the term "conservative" is profoundly ambiguous and contested. In the United States today the word is often applied to those who call for an absolute minimum of government interference in capitalist markets. In another meaning it refers to those who insist that social life should center on the preservation of a community’s traditions and cultural values. There is a deep tension between these two viewpoints. Capitalist markets left to themselves radically destabi…Read more