Michael Roberts blog
Blogging from a Marxist economist
Recent Analysis
Marx’s law of profitability after Capital
The Global Marxism series organized by SSK in Korea has delivered a number of important presentations and papers on aspects of Marxist economics. I participated in the second round with a paper on the Economics of Modern Imperialism. Recently Hideto Akashi of Komazawa University, Tokyo returned to the fray with a presentation on Marx’s law ofContinue reading “Marx’s law of profitability after Capital”
Profits call the tune
I have argued in many posts that ‘profits call the tune’ in capitalist accumulation. What I mean by that is that any change in business profits (and profitability) will lead to changes in business investment – and not vice versa over time. Profits are key to capitalist investment, not ‘effective demand’ as Keynesians argue, orContinue reading “Profits call the tune”
Imperialism meets in Cornwall
This weekend, the leaders of the ‘free world’ are flying (and helicoptering) into Cornwall, at the tiny end of England, for the first physical meeting of the G7 nations. As they increase the carbon footprint sharply through extensive fossil fuel activity, the G7 agenda will include dealing with climate change, global ‘action’ on the COVIDContinue reading “Imperialism meets in Cornwall”
