This post, adapted from a lecture in the team-taught course "Rethinking Capitalism" at The New School for Social Research and first published last year, is being reposted today to provide critical insight into today's headlines. Slavery was central to the development of the American political economy. Ott reviews the recent ...
In a series of recent works on the rise of inequality in the United States and other countries, economists have proposed a number of policies that might help reverse current trends. But critics of Joseph Stiglitz, Paul Krugman and Thomas Piketty also often complain that their proposals aren’t feasible ...
Racialized chattel slaves were the capital that made capitalism. While most theories of capitalism set slavery apart, as something utterly distinct, because under slavery, workers do not labor for a wage, new historical research reveals that for centuries, a single economic system encompassed both the plantation ...
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