This paper offers a new approach to the political economy of armament, focusing on the relationship between military spending and differential accumulation in mature capitalist economies. Applied to the “model” case of Israel, our analysis suggests that the militarization of Israel’s...

Some commentators pose Veblen’s political economy as a corrective to the “reductionist†character of Marxism. This article counters by highlighting the primary source of differences between Veblen and Marx: their methods. Veblen’s generalized conceptions of monopoly and...

Recently, Ben Bernanke has argued that in the events leading up to the financial crisis, mistakes were made, but they were primarily engineering or management mistakes, not mistakes in the fundamental science of macroeconomics, which he sees as sound. This paper argues that Bernanke is wrong and...

Development theory presupposes historical specificity, but has not appropriately dealt with historical change. This inadequacy became more evident in the 1970s when history and other social sciences experienced a paradigmatic shift incited by the “cultural turn.†Motivated by this...