Just over a half-century ago, Nobel Prize-winning economist Milton Friedman, whose work inspired the “Chicago School” of economics, wrote in a famous essay in the New York Times: “There is one and ...

I recently spoke with Fraser about those crises and the conditions that have led to them. During our conversation, which has been edited for length and clarity, we discussed women’s work, a loss of ...

Excerpt and condensation of Chapter 4 from The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers by Robert L. Heilbroner, 7th ed., 1999. Robert Heilbroner's The Worldly ...

President Donald Trump declared that America will never be socialist. He’s beating up a strawman, since there has never been a fully socialist country. That’s because, throughout history, every ...

What you need to know about these social, political, and economic theories Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and ...

A conversation with Alyssa Battistoni about the essential and contradictory nature of capitalism to the environment and her new book Free Gifts: Capitalism and the Politics of Nature. The voluminous ...

Theories of capitalism have always also been theories of crisis. John Maynard Keynes linked the instability of capitalism to the instability of aggregate demand, and Marxist thinkers like Rosa ...

Supporters of capitalist democracy generally claim that it is the best—if not the only—way of organising a free society. Capitalist democracy provides the conditions, they claim, under which each of ...

Capitalism isn’t what it used to be. Since 2008, critics of the world’s dominant economic system have been lamenting its imperviousness to change. And for good reason. In earlier epochs, financial ...

Agnoli's article expands on the false separation of the politics and economics, and the subsumption of the political to economic accumulation and need to go beyond both. The Market, the State, and the ...

In a recent essay in The Nation, Wendy Brown, a political theorist at the Institute for Advanced Study in Princeton, N.J., contends that Karl Marx’s Capital is unrivaled in its explanatory power ...