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Tags Archives: economy

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  • economy

Ted Grant’s Theory of the Degenerated Workers’ State – A Necessary Correction

  • January 14, 2015
  • crucialsteve
  • Posts, Theory
  • 2 Comment

Introduction In 1949, Ted Grant wrote his seminal “Against the Theory of State Capitalism” [1], a polemic against Tony Cliff who argued that the Soviet Union was “state capitalist” and that the bureaucracy constituted a new ruling class through th... read more

And Yet It Moves (Down) – the tendency of the rate of profit to fall in UK 1855-2009

  • September 7, 2014
  • admin
  • Analysis, Economy
  • 0 Comment

In recent issues of the Weekly Worker a controversy between Arthur Bough1, on the one side, and Bruce Wallace and Steve Dobbs2, on the other, has developed over some interesting questions. To begin with, let me say that Arthur Bough should at least take... read more

Thomas Piketty and “The 99%” and “the 1%”… of What?

  • April 24, 2014
  • admin
  • Analysis, Economy
  • 1 Comment

Introduction (Steve Dobbs) Over the last few months, it seems that every man and his dog have declared themselves a Marxist. Last month we saw the New York Times ask “Was Marx Right?”, with a series of replies from various left commentators. This mont... read more

The “transformation problem”, Andrew Glyn and counter-tendencies to the falling rate of profit

  • February 15, 2014
  • admin
  • Critique, CWI
  • 1 Comment

Introduction This article was prompted by Geoff Jones’ comments to our initial document “What Is the Cause of the Current Capitalist Crisis?”. This article is concerned with specifically answering the following points (highlighted in bold) from Comr... read more

What Lies Ahead: Accelerating Growth or Secular Stagnation?

  • February 3, 2014
  • admin
  • Analysis, Economy
  • 1 Comment

ANDREW KLIMAN, JAN 24 2014 Recent statistics indicate that the second round of the double-dip recession in the Eurozone and the United Kingdom has ended, and that economic growth in the United States has improved.[1] Not surprisingly, policymakers have ... read more

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