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Capitalism, Socialism, And Radical Political Economy

Essays in Honor of Howard J. Sherman
New Directions in Modern Economics series
Edited by Robert Pollin, Professor and founding Co-Director, Political Economy Research Institute, University of Massachusetts-Amherst, US
This book demonstrates the continued vibrancy and relevance of radical political economy as a mode of social scientific analysis. Scholars and students in economics, sociology, history, philosophy and political science will find the essays thought-provoking and informative.
Extent: 392 pp
Hardback Price: £108.00 Online: £97.20
Publication Date: 2000
ISBN: 978 1 84064 348 0
Availability: In Stock
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  • Economics and Finance
  • Political Economy
  • Radical and Feminist Economics
  • Politics and Public Policy
  • Political Economy
  • Social Policy and Sociology
  • Sociology and Sociological Theory
This volume of new, original essays reflects the lifelong concerns and writings of the person they honor, Professor Howard Sherman.

Sherman wrote on a wide range of topics – the causes of recessions, depressions and mass unemployment under capitalism; the difficulties and challenges of establishing viable democratic planning systems under socialism; the down-to-earth realities of economic life in the United States, the Soviet Union and elsewhere; and the theoretical traditions he drew upon to inform these empirical studies, i.e. Keynesianism, institutionalism and, most especially, Marxism. The contributors follow in Sherman’s tradition through their careful analysis of topics such as the long-term trends in contemporary global capitalism; the relationship between Marxism and institutionalism; debates over the usefulness of class analysis; the political economy of financial liberalization; lessons from the demise of socialism in the Soviet Union and China; and the possibilities for advancing a workable egalitarian economic agenda.

This book demonstrates the continued vibrancy and relevance of radical political economy as a mode of social scientific analysis. Scholars and students in economics, sociology, history, philosophy and political science will find the essays thought-provoking and informative.
‘The diversity of subject matter and high quality of these essays make this book, capably organized and edited by Robert Pollin, a fitting tribute to the career of Howard Sherman. Readers interested in sampling current radical economic thinking on the issues . . . would be well advised to read it.’
– James Crotty, Journal of Economic Literature
Contributors: R. Chilcote, S. Cullenburg, I. Dasgupta, W.M. Dugger, G.A. Dymski, D. Fairris, M. Gaffney, K. Griffin, R. Hahnel, M.C. Howard, E.K. Hunt, D. Isenberg, A.R. Khan, J.E. King, D.M. Kotz, S. Kumar, V. Lippit, E. McCrate, C.J. Niggle, P.A. O’Hara, P.K. Pattanaik, R. Pollin, S. Resnick, T.E. Weisskopf, R. Wolff
Contents: Introduction Part I: Howard Sherman and the Contemporary State of Radical Political Economy Part II: Marxism and Institutionalism Part III: Class Analysis, Individual Choice, and Economic Theory Part IV: Political Economy of US Capitalism Part V: Political Economy of Socialism Index