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PSL Course: Marx’s “Capital” (vol. 1)

PSL Course: Marx’s “Capital” (vol. 1)

Course description: The first volume of Karl Marx's Capital: A Critique of Political Economy, which was originally published in 1867, remains a key resource for understanding the logic of capitalism to this day. Marx wrote the book--which was the only volume of...

What is the capitalist class? An introduction

What is the capitalist class? An introduction

A 2020 report by the Institute for Policy Studies found that “Between 1990 and 2020, U.S. billionaire wealth soared 1,130 percent in 2020 dollars, an increase more than 200 times greater than the 5.37 percent growth of U.S. median wealth over this same period" [1]. In...

The UN Climate Summit—words versus deeds

The UN Climate Summit—words versus deeds

“At a certain stage of development, the material productive forces of society come into conflict with the existing relations of production. ... From forms of development of the productive forces these relations turn into their fetters. Then begins an era of social...

Welcome to ‘average prosperity’

According to the most recent data released by the Federal Reserve, U.S. industrial production as measured by the Fed's manufacturing index (see chart), reached 101.2 in May, finally surpassing the previous peak of 101.0, reached in December 2007. Following that peak,...