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~ Thinking Through and Against Received Opinion

Category Archives: Political Economy

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Richard Werner – Cooperative banks for the social economy

October 16, 2021

Published on Mar 16, 2015 Richard Werner is the inventor of the term “Quantitative Easing”, (QE). He argues that small …

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“These make the wounds of men” — Norman Bethune, 1939

May 1, 2017

What follows is an excerpt from Norman Bethune’s The Wounds, Alive Press circa 1973, pp.27-32. — “Wounds” by Norman Bethune . …

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Frederick Engels’ “Synopsis of Capital” | Marxists Internet Archive

March 8, 2017

Norm’s note: I’m beginning to read through Frederick Engels’Synopsis of Capital. Since this blog is as much for myself as …

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Reading Marx: Where Does Profit Come From? (And Why The ‘Rate of Profit’ Must Fall) — Norman Pilon | Taking Sides

February 14, 2017

Norm’s note: in my humble opinion, although many so-called leftists decry the structural imperfections implicit in the economic system that we …

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Understanding Marx: an excerpt from Paul Mattick’s “Economic Crisis and Crisis Theory” (1974) | Marxists Internet Archive

February 13, 2017

Source: Marxists Internet Archive Excerpted from: Economic Crisis and Crisis Theory. Paul Mattick 1974 2. Marx’s Crisis Theory   The stagnation …

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A World Gone Mad — Eduardo Galeano | Third World Traveler

December 10, 2016

Sourced from: Third World Traveler A World Gone Mad by Eduardo Galeano The Progressive magazine, Dec 2000 Fear of losing …

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Why Socialism? — Albert Einstein | Monthly Review

May 30, 2016

Source: Why Socialism? :: Monthly Review. Albert Einstein is the world-famous physicist. This article was originally published in the first …

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Reading the “unreadable” Marx — Humphrey McQueen | Marx Myths and Legends / (March 2005)

December 23, 2015

Source: “READING THE “UNREADABLE” MARX” was written for “Marx Myths and Legends” by Humphrey McQueen in March 2005, and rights …

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Reykjavik Rising

December 21, 2015

. Hat tip to Dr Stuart Jeanne Bramhall .  You can read her review of the documentary here. Norm’s note: two things were at …

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A Synopsis of Marx’s Concept of “Value” and how “Abstract Labour” Determines the Magnitude of all “Exchange-Values” in a Non-arbitrary Way – at least according to Norm

March 12, 2015

[Norm’s note: ( 15 April 2018) I only just discovered this piece by Patrick Murray, “Avoiding Bad Abstractions:  A Defense of …

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Reading Marx: On the ‘Reduction’ of ‘Skilled Labour’ to ‘Unskilled Labour’

February 25, 2015

Norm’s note: I’m merely re-posting this because there appears to be some interest in it, or rather, in the content …

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“If money, according to Augier, “comes into the world with a congenital blood-stain on one cheek,” capital comes dripping from head to foot, from every pore, with blood and dirt.” — Karl Marx | Marxist Internet Archive

January 20, 2015

[Norm’s note: The quote chosen as the title of this post is the last line of the excerpt that follows.] …

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Can banks individually create money out of nothing? — The theories and the empirical evidence | by Richard A. Werner

January 6, 2015

Can banks individually create money out of nothing? — The theories and the empirical evidence  Richard A. Werner Abstract This …

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Why read Karl Marx?

December 30, 2014

Karl Marx, or at least the current of thought for which he was a spokesman and exegete, whether people realize …

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An Example of Racism as Capitalist Practice — an excerpt from Jean-Paul Sartre’s “Critique of Dialectical Reason”

October 16, 2014

Source: Marxist Internet Archive Jean-Paul Sartre 1960 Racism and Colonialism as Praxis and Process Excerpt from “Critique of Dialectical Reason” …

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The Return of Fascism in Contemporary Capitalism – by Samir Amin | Monthly Review

September 8, 2014

The Return of Fascism in Contemporary Capitalism by Samir Amin  _ It is not by chance that the very title …

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The Real World of Ideology — Joe McCarney 1980

March 20, 2014

(source of what follows: Marxist Internet Archive) The Real World of Ideology Joe McCarney 1980 Preface This essay is a …

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On Proudhonism and the Marxist Comeback

February 25, 2014

Recently, I posted some excerpts from Proudhon, Engels, and Marx.  Proudhon came to my notice by a piece signaled and …

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A Critique of Proudhonism

February 23, 2014

What follows are two excerpts from two different essays written in response to Proudhon’s ‘socialist project,’ the first from a …

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What Life Means to Me – Jack London

February 6, 2014

From the Marxist Internet Archive Jack London Revolution and other Essays What Life Means to Me I was born in …

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