Video “Economics & Politics of the Current Crisis” @ the Left Forum

A video recording of a panel, “Economics & Politics of the Current Crisis: Causes and Prospects for the Future,” sponsored by MHI at the 2010 Left Forum at Pace University in NYC is now available. Read More

Reply to Michel Husson on the character of the latest economic crisis

By Andrew Kliman.

In late December, Michel Husson, a Marxist economist, published a critique of my study of U.S. corporations’ profitability. His critique, “Les Coûts Historiques d’Andrew Kliman,” appears on the website of the Nouveau Parti Anticapitaliste. Read More

Showdown at the HM Corral

By Andrew Kliman

On Duménil and Lévy’s Cherry Picking of the Data

At last month’s Historical Materialism conference, Duménil denied that they cherry picked the data.  I replied. Then we showed what the facts of the matter are.

In these pages and elsewhere, I’ve cited Gérard Duménil and Dominique Lévy’s cherry picking of the data as one reason why they contend that the rate of profit of U.S. corporations experienced an almost complete recovery since the early 1980s. This claim is crucial to their argument that the current economic crisis began as a financial crisis that was not itself rooted in a long-term fall in the rate of profit. Read More