The New School Economic Review <p><span class="m_-1585645122239142977gmail-m_1336718780344196237gmail-apple-converted-space">The New School Economic Review is an open-access student-run journal for</span> research influenced by the multidisciplinary approach and radical tradition of The New School for Social Research.</p> en-US (NSER Editorial Team) (NSER Support Team) Fri, 19 Nov 2021 06:45:05 -0800 OJS 60 Value Chains: The New Economic Imperialism, by Intan Suwandi <p class="p1">In Value Chains: The New Economic Imperialism, Intan Suwandi exposes market-based economic development strategies as core-centered efforts to maintain monopoly power, derived from the legacy of colonialism. Suwandi, Assistant Professor of Sociology at Illinois State University and frequent contributor to the Monthly Review, makes the case that imperialism remains a relevant concept and that global supply chains are the contemporary site of expropriation from the periphery (roughly, Global South) to the core (roughly, Global North). Suwandi introduces a labor-value commodity chain approach which improves upon “the weaknesses of the GCC/GVC <span class="s1">1 </span>frameworks and the world-systems approach”, by bringing together the organizational strengths of GCC/GVC analysis and the global capital-labor analysis of World Systems analysis.</p> Alexandria Eisenbarth Copyright (c) 2021 The New School Economic Review Thu, 02 Dec 2021 00:00:00 -0800 The Inequality Crisis, edited by Edward Fullbrook and Jamie Morgan <p>Among the central questions of The Inequality Crisis, a collection of essays published by the World Economics Association, is why inequality was relatively ignored for so long by economists, and the extent to which economics in its current form is equipped to explain inequality now. In his introduction to The Inequality Crisis, Edward Fullbrook discusses the inability of the economics profession to focus on the societal and ecological outcomes of the economic system, which include economic inequality. Fullbrook discusses his hope that this collection of essays will offer a partial corrective to these blind spots of economics, and perhaps some potential paths forward.</p> Joshua Greenstein Copyright (c) 2021 The New School Economic Review Fri, 19 Nov 2021 00:00:00 -0800 Shooting for Unity in the Era of Chaos: A Review of Mission Economy by Mariana Mazzucato <p>As multiple crises of unprecedented gravity loom, the immobility or incapacity of both the private sector and leading governments has become apparent. Keynes’ remarks on the Great Depression are still applicable in our days: “decadent international but individualistic capitalism. . . is not a success. . . But when we wonder what to put in its place, we are extremely perplexed” (Keynes 1933: 760-1). In "Mission Economy: A Moonshot Guide to Changing Capitalism," the expert on industrial policy Mariana Mazzucato helps alleviate this perplexity. Her solution is to abandon free market worship as well as conservative forms of public management in favor of bold risk-taking and innovative co-operation between markets and the public sector.</p> Jose Pedro Bastos Neves Copyright (c) 2021 The New School Economic Review Fri, 19 Nov 2021 00:00:00 -0800 Ten Riots That Challenged Injustice and Changed U.S. History <p>There has been a lot of discussion on social media denouncing the property destruction and looting that happened after the very public string of murders and shootings of black folks by police in 2020. Most comments have centered on the lack of productivity of riots in obtaining justice. For the most part, the argumentation goes something like, “destroying your own community will do nothing to bring justice or positive change.” Yet if history is any precedent, these arguments are entirely unjustified. The United States has a long history of riots bringing change that no amount of kumbaya hand-holding or “working within the system” was ever able to accomplish.</p> Mike Isaacson, Oriol Vallès Codina, Erjola Zotkaj, Ian Howland Copyright (c) 2020 Thu, 10 Sep 2020 00:00:00 -0700 Keynes Against Capitalism: His Economic Case For Liberal Socialism, by James R. Crotty <p>Common wisdom identifies the ideas of John Maynard Keynes—both in theory and policy—with either social democracy or, in its mainstream version, with the “third way” or progressive liberalism. James Crotty’s new book Keynes Against Capitalism (2019) begs to differ. Using a painstaking analysis of Keynes’s own writings from the 1920s to his death in 1946, Crotty argues that Keynes belongs in the same category as Bernie Sanders and Jeremy Corbyn, a position described by Keynes as “liberal socialism.”</p> Jacob Assa Copyright (c) 2020 New School Economic Review Thu, 05 Mar 2020 00:00:00 -0800