This book argues that the right-wing revolution in the United States has created deepening inequality and will lead to economic catastrophe. The author makes the case that over the past three decades the rich have confiscated wealth and income from the poor and middle class to a far greater extent than many realize, and he explores in detail important but commonly unmeasured dimensions of inequality. He also takes aim at the economics profession, criticising the analytical blinders that leave economists incapable of seeing the coming crisis.
This book argues that the right-wing revolution in the United States has created deepening inequality and will lead to economic catastrophe. The autho...
The history of capitalism has long been thought to be a sequence of recurring crises that appear in various forms: crises in employing people, crises in obtaining resources, and financial crises. Marx's Crises Theory: Scarcity, Labor, and Finance provides a framework for interpreting Marx's theory of crises. In conclusion, the author asserts that as long as the financial structure leads to periodic breakdowns, Marx's writings on the subject will retain their importance as a source of theory and analysis of the dynamics of political economy.
The history of capitalism has long been thought to be a sequence of recurring crises that appear in various forms: crises in employing people, cris...
As Socialist states struggle to transform themselves into market economies and the United States privatizes everything from schooling to policing, the current crises in Russia and East Asia suggest that something might be amiss. In the rush to open societies to the benefits of competition, economists have overlooked the fundamental instability of competitive markets. What had seemed to be an invincible capitalist juggernaut may be reaching its apotheosis. A close look at market economies is more timely and crucial than ever. Michael Perelman argues that capitalism's victory is temporary,...
As Socialist states struggle to transform themselves into market economies and the United States privatizes everything from schooling to policing, the...
This book describes the deep contradictions plague market economies. It shows how the influence of these contradictions sometimes subsides, allowing the economy to perform relatively well. But in time, these contradictions accumulate and economy declines as if it suffers from some degenerative disease. The policies designed to rise above these contradictions often spawn even more severe contradictions. This book describes how these contradictions have affected the economy of the United States in the past and the dangers that the future poses. For example, policies to stimulate the economy...
This book describes the deep contradictions plague market economies. It shows how the influence of these contradictions sometimes subsides, allowing t...
Corporate power has a huge impact on the rights and privileges of individuals -- as workers, consumers, and citizens. This book explores how the myth of individualism reinforces corporate power by making people perceive themselves as having choices, when in fact most peoples' options are very limited.Perelman describes the manufacture of unhappiness - the continual generation of dissatisfaction with products people are encouraged to purchase and quickly discard - and the complex techniques corporations employ to avoid responsibility and accountability to their workers, consumers and the...
Corporate power has a huge impact on the rights and privileges of individuals -- as workers, consumers, and citizens. This book explores how the myth ...
Rethinks the history of classical political economy by assessing the Marxian idea of "primitive accumulation," the process by which a propertyless working class is created.
Rethinks the history of classical political economy by assessing the Marxian idea of "primitive accumulation," the process by which a propertyless wor...
Rethinks the history of classical political economy by assessing the Marxian idea of "primitive accumulation," the process by which a propertyless working class is created.
Rethinks the history of classical political economy by assessing the Marxian idea of "primitive accumulation," the process by which a propertyless wor...
The purpose of this book is to call for a wholesale rethinking of the way that markets treat both the labour and natural resources on which we all depend. It reveals how economic analysis justifies self-defeating policies that encourage wanton use of the environment and callous abuse of the least advantaged labourers. From Adam Smith to the present day, economic theory has short-changed the workers most crucial to the functioning of human life and offered skewed views of scarcity and extraction. Perelman will show how this approach has produced a discipline in which its followers' models and...
The purpose of this book is to call for a wholesale rethinking of the way that markets treat both the labour and natural resources on which we all dep...
This book describes how corporate powers have erected a rapacious system of intellectual property rights to confiscate the benefits of creativity in science and culture. This legal system threatens to derail both economic and scientific progress, while disrupting society and threatening personal freedom. Perelman argues that the natural outcome of this system is a world of excessive litigation, intrusive violations of privacy, the destruction system of higher education, interference with scientific research, and a lopsided distribution of income.
This book describes how corporate powers have erected a rapacious system of intellectual property rights to confiscate the benefits of creativity in s...
Most economic theory assumes a pure capitalism of perfect competition. This book is a penetrating critique of the rhetoric and practice of conventional economic theory. It explores how even in the United States the most capitalist of countries the market has always been subject to numerous constraints.
Perelman examines the way in which these constraints have been defended by such figures as Henry Ford, J. P. Morgan, and Herbert Hoover, and were indeed essential to the expansion of U.S. capitalism. In the process, he rediscovers the critical element in conservative thought the...
Most economic theory assumes a pure capitalism of perfect competition. This book is a penetrating critique of the rhetoric and practice of conventi...
