Adam Smith has become the symbol of American capitalism, a champion of free trade and a free market. But it wasn’t always ...

This is the first part of a two-part article. Throughout the history of capitalism and its recurrent crises, various theories have been brought forward by “left” theorists who maintain that these ...

Twenty-first century examples of creative destruction abound, but the most obvious destructive force looming over us is artificial intelligence. OpenAI’s ChatGPT and similar cha ...

To put it simply, or at least as simply as one can: Trump’s economic agenda is deeply Reaganite and deeply anti-conservative; ...

World Review of Political Economy, Vol. 14, No. 4 (Winter 2023), pp. 511-534 (24 pages) The 2008 great financial crisis brought the question of the cyclical development of capitalism back to the ...

World Review of Political Economy, Vol. 12, No. 4 (Winter 2021), pp. 472-492 (21 pages) Western Marxist scholars take “immaterial labor,” “audience labor” and “prosumer labor” as the core categories ...

Replacement theory has allegedly been used as a motive for killing Hispanics at a Wal-Mart in El Paso, Jewish worshippers at a Pittsburgh Synagogue, and African-American shoppers, store workers and a ...

KARL MARX, the founder of materialistic socialism, is recognized by economists as one of the three or four greatest minds who have contributed to the progress of economic science. What he did was to ...

Anarcho-capitalism is a political and economic theory that merges the principles of anarchism and capitalism. It advocates for a society without a centralized state, where individuals freely exchange ...