1. Neoliberal explanations of the financial crisis -- 2. Keynesian explanations of the financial crisis -- 3. Specious theories of mainstream economics -- 4. Evolution and characteristics of finance capital : a new phase, not just another cycle -- 5. Marxian views of financial crises -- 6. Debt...

This paper puts forth (and documents) an argument that the escalating US military spending at the expense of non-military public spending is steadily undermining the critical national objective of public-capital formation (both physical and human) and that, if not stopped, the resulting trend...

Despite the impressive rebounding of the U.S. economy from the long contraction of the 1970s, a number of radical political economists seem to be dismissive, oblivious, or in denial of this significant turnaround. To the extent that they reluctantly acknowledge the recovery, they immediately add...