Economics

All essays that are primarily about economics

Geraldine

Geraldine

 Karen looked up from her computer, on which she had been reading newspapers from places where we have lived, and said, “Geraldine died.” I was lying in a hostel bed, relaxing after a ten-mile hike along the ocean, the beach flanked by tall dunes. It had been a picture-perfect afternoon, the sky festooned with great […]

Sacco and Vanzetti*

 Today is the 87th anniversary of the state-sponsored murder of Sacco and Vanzetti. What follows is a film review and essay that I wrote a few years ago. I think you will find it interesting. There are links for further study. “If it had not been for this thing, I might have lived out my […]

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

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

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 […]

The Road Beckons: Excerpt from Cheap Motels and a Hot Plate

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 […]