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John Bellamy Foster is editor of Monthly Review. He is professor of sociology at the University of Oregon and author of The Great Financial Crisis (with Fred Magdoff), The Ecological Rift and Critique of Intelligent Design (both with Brett Clark and Richard York), The Ecological Revolution, Ecology Against Capitalism, Marx’s Ecology, and The Vulnerable Planet.
This is a must read book in political economy.
Foster and McChesney argue, and very convincingly, that the rise of "Finance Capital" is due precisely to the crisis of accumulation that is endemic to capitalism.
One persistent protest at hearing the above arguments is that developing nations, especially China, will bring the world economy out of its slump.
Anyone interested in economics should read this book.
I also found it very helpful for my research in to the debunked theory of 'Competition', still touted by neoliberal... Read more
"The Endless Crisis" updates and globalizes the classic 1960s analysis of the U.S. economy given by Paul Sweezy and Paul Baran in "Monopoly Capital. Read morePublished 19 months ago by not me
The American and world economies of today are starkly different from those of several decades ago. Declining real wages, massive unemployment, budget crises, growing inequality,... Read morePublished 20 months ago by Daniel Colligan
Monthly Review, since its inception, has been carrying on some of the best works of Marxism today. The foundation for this publishing company was set out by the great economists... Read morePublished 21 months ago by All Systems Fail
Where does analysis end and ideology begin?
There are many ways to interpret the world, the language you chose to use to do so will not only reflect your belief system... Read more
Over-accumulation stemming from the so-called golden age of global capitalism has ensued an era of underconsumption as exemplified by low profit rates and chronic excess capacity. Read morePublished 22 months ago by Utah Man
Professor's Foster and McChesney have connected the dots-the Endless Crisis provides a clear explanation on why mature capitalist economies that attempt to pursue economic growth... Read morePublished on March 27, 2013 by Bigger Thomas
Foster and McChesney have written a very important book for these times. It is almost impossible to understand the complexities of monopoly-finance and globalization in a world... Read morePublished on March 19, 2013 by M. Kurtz
A pertinent lucid analysis of capitalist stagnation, due to lack of effective demand, in the age of financialization, in the tradition of Keynes, Kalecki, Paul Baran, and Paul... Read morePublished on February 24, 2013 by A Classical-Keynesian Sraffian Marxist