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Economics After Capitalism: A Guide to the Ruins and a Road to the Future, by Derek Wall
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‘There is no alternative’ has been the unofficial mantra of the neoliberal order since its utterance by Margaret Thatcher in the 1980s. As Derek Wall argues in Economics After Capitalism, there is in fact an alternative to our crisis-ridden, austerity-inflicted world - and not just one alternative, but many. Challenging the arguments for markets, mainstream economics and capitalism from Adam Smith onwards, Economics After Capitalism provides a step-by-step guide to various writers, movements and schools of thought, critical of neoliberal globalisation. These range from Keynesian-inspired reformists such as Geroge Soros and Joseph Stiglitz, critics of inequality like Thomas Piketty and Amaitya Sen, to more radical voices including Naomi Klein, Marxists such as David Harvey, anarchists, and autonomists including Toni Negri and Michael Hardt. By providing a clear and accessible guide to the economics of anti-capitalism, Derek Wall successfully demonstrates that an open source eco-socialist alternative to rampant climate change, elite rule and financial chaos is not just necessary, but possible.
- Sales Rank: #1987360 in Books
- Published on: 2015-07-15
- Original language: English
- Number of items: 1
- Dimensions: 8.50" h x .70" w x 5.25" l, .0 pounds
- Binding: Paperback
- 216 pages
Review
“A thoughtful and inspiring guide to capitalism and anti-capitalism.”
(Caroline Lucas, leader of the Green Party of England and Wales)
“Funny, lateral and unique—an erudite Green primer on global justice.” (Matthew Tempest, Guardian)
About the Author
Derek Wall is the author of six books including The Rise of the Green Left (Pluto, 2010), The Sustainable Economics of Elinor Ostrom (Routledge, 2014). He teaches Political Economy at Goldsmiths College, University of London and is International Coordinator of the Green Party of England and Wales.
Most helpful customer reviews
6 of 6 people found the following review helpful.
Guide without architect
By Hande Z
Derek Wall is a supporter of the Green Party of England and Wales. He is thus naturally inclined to think that the world's economic woes spring from capitalism and its modern off-spring, the even more evil globalisation. His book, 'Economics after Capitalism' is not a book that contains the rantings of an anti-capitalist. It is measured and deserves deep and serious consideration. He is very lucid and explicit about the flaws of capitalism. He explains how capitalists and the rich elite destroy the resources of the world, impoverishing the poor (nations and individuals alike) while enriching themselves.
The big and powerful nations are all capitalists. They employ the three powerful institutions – the World Bank, the International Monetary Fund, and the World Trade Organisation –to retain control of wealth and power. Although he presents some alternatives, the various forms of anti-capitalists from Marx to Negri, including the proponents of the commons, Wall is short of any real solution. He sees and understands the problem but is unable to find an answer in economics or politics. Perhaps the answer is not in either.
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