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Monthly Review Blog

Superestructura: Latin America Edition

Superestructura: Latin America Edition

Money on the Left is thrilled to release English and Spanish transcripts from our Superstructure podcast with Daniel Rojas Medellin (@DanielRMed), now Coordinator of newly inaugurated President Gustavo Petro’s transition team (@petrogustavo), and Mexican economist...

Superestructura: Latin America Edition

Money on the Left is thrilled to release English and Spanish transcripts from our Superstructure podcast with Daniel Rojas Medellin (@DanielRMed), now Coordinator of newly inaugurated President Gustavo Petro’s transition team (@petrogustavo), and Mexican economist...

Red Theory: Marxism and the Law of Value

Red Theory: Marxism and the Law of Value

In our previous article we looked at what a commodity is and examined use-value and exchange-value. This discussion of value is a cornerstone of Marx’s critique of political economy. The value of any commodity is equal to the socially necessary labor time required to...

Power: A re-envisaged state and energy justice

Power: A re-envisaged state and energy justice

Our contemporary era of perpetual crises demands, we contend, a critical reappraisal of the state’s potential role, to supplant the predominant market-led responses to crisis, to advance a more equitable society. Historically, all major theories of the state—liberal...

Economics and the law of the hammer

Economics and the law of the hammer

As yours truly has reported repeatedly during the last couple of years, university students all over the world are increasingly beginning to question if the kind of economics they are taught–mainstream economics–really is of any value. Some have even started to...