Saturday, September 22, 2018

What is Economic Surplus by Paul Cockshott ?




Paul Cockshott uses Marx's theory of modes of surplus extraction to show what is distinct about a socialist economy: the planned allocation between surplus and subsistence production.

Paul Cockshott is one of the few Marxist Political Economists we endorse and his thinking is very similar but not identical to our own.

Thursday, September 20, 2018

Steve Keen Says U.S. Heading for 2020 Recession



Political Economy Research does not share Steve Keen's eclectic Economic Philosophy  - we feel he misunderstands the Marxist Law of Value unlike Paul Cockshott,

Steve Keen's technical market knowledge is excellent and his micro market understanding and its integration of that with macro theory is Steve Keen's forte and he has excellent analysis of debt.

Therefore we take his analysis with utmost seriousness.

PS THIS LINKS TO BLOOMBERG AND CANNOT BE SHOWN ON OUR SITE

De-Regulation, and De-Criminalization Set the Stage for the 2008 Financial Crisis