economics
Michael Lebowitz: What every child should know about Marx’s theory of value
The inflation blame game and Marx’s crisis theory
Crisis, rivalry, and the fragmentation of global capitalism: Interview with Michael Roberts
Why Marx was right about capitalism needing to have periodic crises
The left, inflation and monetary policy
The return of high inflation after the global pandemic poses a major political and analytical challenge for labour and the left. On top of cuts to real wages resulting from the wide gap between inflation and pay, high and rising inflation has led central banks, including the Bank of Canada, to hike interest rates sharply. This is raising the debt servicing costs of households, businesses and governments and making new borrowing more expensive.
By Adam Hanieh