I examine first how radical political economy (RPE) has evolved over the last five decades, as the overall political climate in the United States has shifted increasingly to the right. I explore how this political shift, as well as new developments within mainstream economics, have altered the...

This paper seeks to explain trends in United States corporate profitability since World War II through an analysis of the rise and subsequent demise of a postwar social structure of accumulation (SSA). Building from a formal model of the determinants of profitability, we provide econometric...

In this paper I seek to explore what kind of socialist system can best make good on the socialist commitment to equity, democracy and solidarity - in the wake of the failure of the political-economic systems of the USSR and Eastern Europe. I identify and explore two alternative models of...

One aspect of the contemporary crisis of the United States economy has been a sharp increase since the mid-1960s in the reliance on debt finance by corporations, households, and the federal government. This paper focuses on the borrowing behavior of nonfinancial corporations. It first presents...

The term "living wage" has been used in two separate ways: (1) a wage rate that will enable workers and their families to live above a reasonable poverty threshold; and (2) a somewhat more ambitious standard, a wage rate that will meet a family's basic budgetary needs. Both of these concepts are...

Since 1994, so-called "living wage" ordinances have passed in 20 cities in the United States, and activists are advancing similar proposals throughout the country. These proposals are a response to the declining real wages of low-wage workers in the United States-what David Gordon termed "the...