The best Marxian economics books

Being a Leftist, I started reading Capital as a student, back in the 1970s. I was impressed by Marx's analysis, emphasizing that capitalist relations of power appear as money generating more money, as a “thing” that functions as capital; furthermore, that credit functions as the most drastic form of money, so that the financial sphere is not a “parasitic”  appendage of the “real economy”, but a mechanism for enforcing the “rules” of the system. As Professor of Political Economy since the late 1980s, I enjoy revealing to my students the structural contradictions of the system we live in. E.g., that the standard of living of the social majority (of the wage-earners) is (labour-)‘‘cost” of capital.

Being a Leftist, I started reading Capital as a student, back in the 1970s. I was impressed by Marx's analysis, emphasizing that capitalist relations of power appear as money generating more money, as a “thing” that functions as capital; furthermore, that credit functions as the most drastic form of money, so that the financial sphere is not a “parasitic”  appendage of the “real economy”, but a mechanism for enforcing the “rules” of the system. As Professor of Political Economy since the late 1980s, I enjoy revealing to my students the structural contradictions of the system we live in. E.g., that the standard of living of the social majority (of the wage-earners) is (labour-)‘‘cost” of capital.

One of my long-standing interests, as a political philosopher, has been to examine the deployment of state power and the state forms (what I call states of affairs) the capitalist mode of production takes in order to preserve its economic order. Since I completed my doctorate, which was on the articulation of settler-colonial power in relationship to remaining settler states, I have largely been invested in thinking politics: how dominant politics maintain the current order, how counter-hegemonic politics disrupt this order. 

All of the books I recommend offer both a very deep reading of our socio-economic situation in all its oppressiveness and alienation, and the possibility of an alternative. Only with such philosophical digging and reappropriation of dialectical thinkers of the past, beginning with Hegel and Marx, can we construct a humanist future. These books speak to my own life as a 1960s activist in the USA who has yearned ever since for a real, humanist social transformation in the face of so many setbacks for our cause, some of them self-inflicted.

I don’t think of myself as a dreamer but, rather, a hard-headed activist scholar. Globally, most of us live under the domination of production for trade. We have ceded co-governance of production—collectively deciding what we produce, how we produce it, and for whom—to the abstract logic of markets operated via money. We face two great challenges reproduced by capitalism—growing socio-political inequities and ecological unsustainability. So, I argue that we must replace monetary values and operating systems with ‘real’, social and ecological, values and production for demand, for the basic needs of humans and the planet. Postcapitalism means moving beyond money to realize our self-value and emancipation. 

Being a Leftist, I started reading Capital as a student, back in the 1970s. I was impressed by Marx's analysis, emphasizing that capitalist relations of power appear as money generating more money, as a “thing” that functions as capital; furthermore, that credit functions as the most drastic form of money, so that the financial sphere is not a “parasitic”  appendage of the “real economy”, but a mechanism for enforcing the “rules” of the system. As Professor of Political Economy since the late 1980s, I enjoy revealing to my students the structural contradictions of the system we live in. E.g., that the standard of living of the social majority (of the wage-earners) is (labour-)‘‘cost” of capital.

Being a Leftist, I started reading Capital as a student, back in the 1970s. I was impressed by Marx's analysis, emphasizing that capitalist relations of power appear as money generating more money, as a “thing” that functions as capital; furthermore, that credit functions as the most drastic form of money, so that the financial sphere is not a “parasitic”  appendage of the “real economy”, but a mechanism for enforcing the “rules” of the system. As Professor of Political Economy since the late 1980s, I enjoy revealing to my students the structural contradictions of the system we live in. E.g., that the standard of living of the social majority (of the wage-earners) is (labour-)‘‘cost” of capital.

Ι have a passion for critical theory since I was intrigued by the idea, which originates in Marx’s Capital, that what limits our freedom and democracy is not the apparent personified power hold by the state and politicians. On the contrary, real power lies in capital, that's in abstract labour, which is the labour that must succumb to the standards of time is money, that runs through each one of us. Therefore, in my postdoctoral research in the last 13 years, I have attempted to follow this idea in the history of political philosophy. During my research, I realized that the mainstream reading of Marxism and critical theory is far from what it should be. 

Marxian Economics and its relevance to a better world and socialism has been my passion since I became an adult. My expertise in this subject, such as it is, has been sharpened by the study of Marx and Engels’ great works, but also by the efforts of so many others since; some of whom are included in my five best books. But above all, it is the knowledge that in this world of nearly 8 billion people, most do not have a happy and fulfilling life but face daily toil and struggle to live (and die). Humanity has the power and technology to do better; we just need to organise our social and governmental structures to achieve it.

When I grew up I assumed growth is good. Tomatoes grow, so do people—and economies too? Certainly, recessions were bad: many workers were made ‘redundant’. But as we grew older we noticed that growth continued yet people’s lives were getting harder. Looking back, the 1970s in Britain appears a golden age: almost everyone had plenty to eat, society was relatively equal, and all to a soundtrack of fabulous music. With climate change and other environmental threats it’s getting more obvious with each passing season that a global social transformation is required. These are the questions that have driven my own research, on climate politics, growth ideology, and technology fetishism.

I’m an assistant professor in the School of Information and Communication Studies at University College Dublin. I’m interested in automation because discussions about it often tend towards ridiculous hyperbole or acritical boosterism. Whether it’s killer robots that terminate humanity or “ethical” AI which raises all boats, discussions about the social implications of contemporary machines often neglect to include the critical analysis of the capitalist mode of production. I don’t think the two can be studied in isolation from one another. 

Marxian Economics and its relevance to a better world and socialism has been my passion since I became an adult. My expertise in this subject, such as it is, has been sharpened by the study of Marx and Engels’ great works, but also by the efforts of so many others since; some of whom are included in my five best books. But above all, it is the knowledge that in this world of nearly 8 billion people, most do not have a happy and fulfilling life but face daily toil and struggle to live (and die). Humanity has the power and technology to do better; we just need to organise our social and governmental structures to achieve it.

Being a Leftist, I started reading Capital as a student, back in the 1970s. I was impressed by Marx's analysis, emphasizing that capitalist relations of power appear as money generating more money, as a “thing” that functions as capital; furthermore, that credit functions as the most drastic form of money, so that the financial sphere is not a “parasitic”  appendage of the “real economy”, but a mechanism for enforcing the “rules” of the system. As Professor of Political Economy since the late 1980s, I enjoy revealing to my students the structural contradictions of the system we live in. E.g., that the standard of living of the social majority (of the wage-earners) is (labour-)‘‘cost” of capital.