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Remaking Scarcity: From Capitalist Inefficiency to Economic Democracy (The Future of World Capitalism)

Costas Panayotakis, Joel Kovel




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 | #1817345 in eBooks |  2014-12-18 |  2014-12-18 | File type: PDF

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|"This book combines theoretical boldness and the determination to extend Marxian theory. It deserves to be read as another impressive product of the global rethinkings of Marxism now engaged in building a Marxism for the twenty-first century." -- Richard

The dominant schools of neoclassical and neoliberal economics tell us that material scarcity is an inevitable product of an insatiable human nature. Against this, Costas Panayotakis argues that scarcity is in fact a result of the social and economic processes of the capitalist system.

The overriding importance of the logic of capital accumulation accounts for the fact that capitalism is not able to make a rational use of scarce resources and the productive pot...

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