This paper seeks to explain trends in United States corporate profitability since World War II through an analysis of the rise and subsequent demise of a postwar social structure of accumulation (SSA). Building from a formal model of the determinants of profitability, we provide econometric...

Then in his second semester at Eastern District High School, he gave up working in school altogether. "I don't really know why, and I don't want to rational ize about it, but it may have been that I had been systematically de-educated. With all the emphasis on discipline, all the fire gets...

In this paper I seek to explore what kind of socialist system can best make good on the socialist commitment to equity, democracy and solidarity - in the wake of the failure of the political-economic systems of the USSR and Eastern Europe. I identify and explore two alternative models of...

I examine first how radical political economy (RPE) has evolved over the last five decades, as the overall political climate in the United States has shifted increasingly to the right. I explore how this political shift, as well as new developments within mainstream economics, have altered the...

David Gordon, a pioneer of radical political economics and an activist of the U.S. left, died of congestive heart failure on March 16, 1996, at the age of fifty-one. At the time of his death he was Professor of Economics at the New School for Social Research and Director of the Center for...

The Marxian labor theory of value has been criticized in recent years by neoclassical and Sraffian economists as superfluous to the analysis of capitalist economies. It is argued in this paper the usual presentations and de fenses of the labor theory of value are indeed faulty, but the theory...