A COSMOPOLITAN LAWYER: JUST SOME READINGS I HAVE ENJOYED LATELY

First, this blog replaces my previous blog, thecosmoplitanlawyerblogspot.com . Second, unlike that earlier blog, the present one is primarily meant as a record of my readings. It is not meant to suggest that others will be or should be interested in what I read. And third, in a sense, it is a public diary of one who is an alien in his own American culture. A person who feels at home just about anywhere, except in his birthplace . . . America.

Wednesday, February 14, 2018

IS (CAPITAL) ECONOMIC REASONING MAD?

David Harvey, Marx, Capital, and the Madness of Economic Reasoning (New York: Oxford U. Press, 2018):

Marx's prescient commentaries on capital's laws of motion and their internal contra-dictions, its fundamental and underlying irrationalities, turn out to be far more incisive and penetrating than the one-dimensional macroeconomic theories of contemporary economics that were found so wanting when confronted with the crash of 2007-2008 and its long-drawn-out aftermath. Marx's analyses along with his distinctive method enquiry and his mode of theorizing are invaluable for our intellectual struggles to understand the capitalism of our times, His insights deserve to be taken up and studied critically with all due seriousness.

Id. at xiv.