A graduate of the University of California, Los Angeles, Howard J. Sherman received an M. A. in Economics from the University of Southern California, a Jur.D. in Law from the University of Chicago Law School, and a Ph.D. in Economics from the University of California, Berkeley. He has taught at a number of distinguished universities, and he is now Professor and Chair of Economics at the University of California, Riverside.

• PART I BASES OF POLITICAL ECONOMY 1. Philosophical Bases of Political Economy 2. Historical and Sociological Bases of Political Economy Part II CAPITALISM 3. Origins of Capitalism 4. Exploitation and Inequality Under Capitalism: Theories of Value and Distribution 5. Performance of Capitalism: Discrimination Alienation, and Pollution 6. Capitalist Crises of Cyclical Unemployment 7. Monopoly Capitalism 8. Capitalism and the State 9. Capitalism, Imperialism, and Underdevelopment PART III STATISM 10. The Statist Mode of Production 11. Origins of Statism 12. Class Structure of Statism 13. Statism and the State 14. Centrally Planned Statism 15. Market-Oriented Statism 16. Performance of Statism: Pollution, Discrimination, Alienation, and Imperialism PART IV SOCIALISM AND COMMUNISM 17. Political Economy of Feasible Socialism 18. Political Economy of Feasible Communism

A graduate of the University of California, Los Angeles, Howard J. Sherman received an M. A. in Economics from the University of Southern California, a Jur.D. in Law from the University of Chicago Law School, and a Ph.D. in Economics from the University of California, Berkeley. He has taught at a number of distinguished universities, and he is now Professor and Chair of Economics at the University of California, Riverside.

• PART I BASES OF POLITICAL ECONOMY 1. Philosophical Bases of Political Economy 2. Historical and Sociological Bases of Political Economy Part II CAPITALISM 3. Origins of Capitalism 4. Exploitation and Inequality Under Capitalism: Theories of Value and Distribution 5. Performance of Capitalism: Discrimination Alienation, and Pollution 6. Capitalist Crises of Cyclical Unemployment 7. Monopoly Capitalism 8. Capitalism and the State 9. Capitalism, Imperialism, and Underdevelopment PART III STATISM 10. The Statist Mode of Production 11. Origins of Statism 12. Class Structure of Statism 13. Statism and the State 14. Centrally Planned Statism 15. Market-Oriented Statism 16. Performance of Statism: Pollution, Discrimination, Alienation, and Imperialism PART IV SOCIALISM AND COMMUNISM 17. Political Economy of Feasible Socialism 18. Political Economy of Feasible Communism

A graduate of the University of California, Los Angeles, Howard J. Sherman received an M. A. in Economics from the University of Southern California, a Jur.D. in Law from the University of Chicago Law School, and a Ph.D. in Economics from the University of California, Berkeley. He has taught at a number of distinguished universities, and he is now Professor and Chair of Economics at the University of California, Riverside.

• PART I BASES OF POLITICAL ECONOMY 1. Philosophical Bases of Political Economy 2. Historical and Sociological Bases of Political Economy Part II CAPITALISM 3. Origins of Capitalism 4. Exploitation and Inequality Under Capitalism: Theories of Value and Distribution 5. Performance of Capitalism: Discrimination Alienation, and Pollution 6. Capitalist Crises of Cyclical Unemployment 7. Monopoly Capitalism 8. Capitalism and the State 9. Capitalism, Imperialism, and Underdevelopment PART III STATISM 10. The Statist Mode of Production 11. Origins of Statism 12. Class Structure of Statism 13. Statism and the State 14. Centrally Planned Statism 15. Market-Oriented Statism 16. Performance of Statism: Pollution, Discrimination, Alienation, and Imperialism PART IV SOCIALISM AND COMMUNISM 17. Political Economy of Feasible Socialism 18. Political Economy of Feasible Communism