Economics for Social Democrats–but Not for the Working Class, Part Five: Critique of His View that Workers Sell Their Labour (Time): Part Two

Introduction In a previous post, I criticized the social-reformist economist (and former economist for the Canadian Auto Workers (CAW, now Unifor), Jim Stanford, who argues that what workers sell is their labour (time) (see Economics for Social Democrats–but Not for the Working Class, Part Five: Critique of Jim Stanford’s View that Workers Sell Their Labour … Continue reading Economics for Social Democrats–but Not for the Working Class, Part Five: Critique of His View that Workers Sell Their Labour (Time): Part Two →

Review of Thier’s Book “A People’s Guide to Capitalism,” Part One

I recently participated in a group called No One Is Illegal here in Toronto. The group decided to provide a zoom reading meeting every week to discuss the book A People's Guide to Capitalism, by Hadas Thier, with many participants not belonging to the group but interested in understanding more about capitalism. We read the … Continue reading Review of Thier’s Book “A People’s Guide to Capitalism,” Part One →

Economics for Social Democrats–but not for the Working Class, Part Two: Critique of Jim Stanford’s Theory of Money, Part Two

Introduction In a previous post (Economics for Social Democrats–but Not for the Working Class, Part Two: Critique of the Social Democrat Jim Stanford’s Theory of Money, Part One), I questioned Mr. Stanford's theory of money as purchasing power, as well as his implied reduction of Marx's critical dual or twofold theory of commodities to a … Continue reading Economics for Social Democrats–but not for the Working Class, Part Two: Critique of Jim Stanford’s Theory of Money, Part Two →

Economics for Social Democrats–but Not for the Working Class, Part Two: Critique of the Social Democrat Jim Stanford’s Theory of Money, Part One

Introduction In an earlier post, I indicated that Jim Stanford's view concerning the creation of jobs reflects a social-democratic or social reformist position (see Economics for Social Democrats–but Not for the Working Class, Part One: Critique of Jim Stanford’s One-Sided View of Job Creation in a Capitalist Society). In this post and subsequent posts, I will … Continue reading Economics for Social Democrats–but Not for the Working Class, Part Two: Critique of the Social Democrat Jim Stanford’s Theory of Money, Part One →