"Over a hundred years after the first socialist revolution broke the global monopoly of capitalism, a new class of socialist-oriented socioeconomic development is coming to the fore. Capitalism is still dominant worldwide, although its hegemony is no longer undisputed, and humankind is now faced...

Foreword by Francesco Schettino Part I:Capitalism and Socialism as Modes of Production 1. Introduction to Part I2. The hard scientific underpinnings of XXIth century political economy3. Modes of production and socioeconomic formations 4. Labor and value 5. Real competition, pending issues and...

This paper argues that, during the present historical period, only one mode of production is sustainable, which we call the modern mode of production (MMP). Nevertheless, there can be (both in theory and in practice) enough differences among the specific forms of MMP prevailing in different...

This paper argues that, during the present historical period, only one mode of production is sustainable, which we call the modern mode of production (MMP). Nevertheless, there can be (both in theory and in practice) enough differences among the specific forms of MMP prevailing in different...

Cuba’s post-revolutionary economic history was penalized by the twin sets of distortions stemming from its former, artificial trade relations with the CMEA and from the very nature of the state socialist model, let alone the severe costs imposed by the US embargo. Conversely, Cuba’s...

Since the inception of the special period and the loss of its traditional export markets for sugar and other goods, Cuba has turned towards services as new sources of foreign exchange. Tourism has been reactivated and its performance has been broadly satisfactory, yet its long term growth...