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Value and Crisis brings together selected essays written by Alfredo Saad-Filho, one of the most prominent Marxist political economists today. This book examines the labour theory of value from a rich and innovative perspective, from which fresh insights and new perspectives are derived, with applications for the nature of neoliberalism, financialisation, inflation, monetary policy, and the contradictions, limitations and crises of contemporary capitalism.

Abstract

This paper offers a political economy interpretation of the covid-19 pandemic, framed around its relationship to the dynamics, contradictions and limitations of global neoliberalism. It argues that the pandemic emerged in a context of growing inequalities and deepening crises in neoliberal economies and their political systems, and that the pandemic is likely to reinforce the exclusionary tendencies in the current phase of capitalism, with detrimental implications for democracy. In turn, the pandemic has revealed the limitations of neoliberalism like never before, with adverse consequences for the legitimacy of capitalism itself, and opening unprecedented spaces for left political activity.

Open Access
In: Notebooks: The Journal for Studies on Power
In: Value and Crisis: Essays on Labour, Money and Contemporary Capitalism
In: Value and Crisis: Essays on Labour, Money and Contemporary Capitalism
In: Value and Crisis: Essays on Labour, Money and Contemporary Capitalism
In: Value and Crisis: Essays on Labour, Money and Contemporary Capitalism
In: Value and Crisis: Essays on Labour, Money and Contemporary Capitalism
In: Value and Crisis: Essays on Labour, Money and Contemporary Capitalism