Home Sweet Home
A recent article by New York Times journalist Neil Irwin finds that the housing market is still operating as a drag on the economy. While a few markets like New York City and San Francisco are booming and perhaps even reaching the “bubble” stage, most are not. One reason for this is the lower rate […]
Markets Are the Problem (Not the Solution)**
A recent op-ed in the New York Times described the construction of “the mother of all luxury property developments,” on Saadiyat Island in Abu Dhabi, complete with branches of famous museums and a university. We learn that: Saadiyat’s extraordinary offer to the buyers of its opulent villas is that they will be able to stroll […]
Teaching Workers
Karl Marx’s famous dictum sums up my teaching philosophy: “The philosophers of the world have only interpreted the world in various ways; the point is to change it.” As I came to see it, Marx had uncovered the inner workings of our society, showing both how it functioned and why it had to be transcended […]
Choosing an Occupation: The “Science” of Economics
The name, “Nobel Memorial Prize in Economic Science,” tells us that those who give the prize believe that economics is a science. This is certainly what my professors thought when I was a student. One argued that every good economist is a good physicist. There was even a joke that an exceptional economist who dies […]
Profits May Rise, Profits May Fall, the Capitalist System Doesn’t Care at All
A left-wing economist with whom I have a marginal acquaintance sent me an email a few days ago. He was angry that I had accused him of being a “true believer.” This was in reference to what Karl Marx termed the “tendency of the rate of profit to fall.” Put simply, my accuser is certain […]
In Search of the “Real America”
This past June, I attended the Left Forum at Pace College in Lower Manhattan. I used to love to go to this city. We visited often and moved there twelve years ago, planning to stay for at least five years, while I worked for Monthly Review magazine and Monthly Review Press. We lasted one year, […]
The Road Beckons: Excerpt from Cheap Motels and a Hot Plate
[Since Monthly Review Press made my book the special sale feature for September, I thought that it would be appropriate to end the month with an excerpt] The distance between Pittsburgh and Johnstown, Pennsylvania, is about seventy-five miles. Most of the trip is on Route 22, a dismal and depressing stretch of highway that perfectly […]
Memorializing Martin Luther King, Jr.
We often visit the monuments and museums along the National Mall in Washington, D.C., and each time I am surprised at my heightened emotions when we are there. Maybe it is because the museums are free and some of the memorials grand and inspiring, and I can imagine for a few hours that this country […]
Socialism and Muhammad's Economic Blueprint
The following is an interview of me (MDY) conducted by Cedric Muhammad (CM), who is an aide to the Honorable Minister Louis Farrakhan, the National Representative of the Honorable Elijah Muhammad and the Nation of Islam. An abbreviated version of the interview appears in The Final Call, the Nation of Islam’s newspaper. It is available […]