Capitalism on Trial

Edited by Jeannette Wicks-Lim, Assistant Research Professor and Robert Pollin, Professor and founding Co-Director, Political Economy Research Institute, University of Massachusetts-Amherst, US

• Contents:IntroductionRobert Pollin and Jeannette Wicks-LimPART I: REFLECTIONS ON THOMAS E. WEISSKOPF’S CONTRIBUTIONS TO POLITICAL ECONOMY1. Three’s a Crowd: My Dinner Party with Karl, Leon, and MaynardSamuel Bowles2. Theses on WeisskopfRobert Pollin3. CommentDiane FlahertyPART II: ISSUES IN DEVELOPING ECONOMIES4. The Military and Economic Development in PakistanShahrukh Khan5. Socialism: The Twentieth Century and the Twenty-first CenturyMinqi Li6. Economic Growth: The Great Slowdown (1980–2000) and Recovery (2000–2010)Mark Weisbrot7. CommentJames K. BoycePART III: POWER DYNAMICS IN CAPITALISM8. The Wealth–Power ConnectionArthur MacEwan9. The Rise and Decline of Patriarchal CapitalismNancy Folbre 10. CommentAndrew ZimbalistPART IV: TRENDS IN US LABOR MARKETS11. The Rising Strength of Management, High Unemployment, and Slow Growth: Revisiting Okun’s LawMichael Reich12. Reducing Growth to Achieve Environmental Sustainability: The Role of Work HoursKyle Knight, Eugene A. Rosa and Juliet B. Schor13. CommentMichael AshPART V: DISCRIMINATION AND THE ROLE OF AFFIRMATIVE ACTION POLICIES14. Confronting Those Affirmative Action GrumblesWilliam Darity Jr15. Screening for Honesty and Motivation in the Workplace: What Can Affirmative Action Do?Elaine McCrate16. A Stimulus for Affirmative Action? The Impact of the American Recovery and Reinvestment Act on Women and Minority Workers in ConstructionJeannette Wicks-Lim17. CommentRandy Albelda18. Social Justice through Affirmative Action in India: An AssessmentAshwini Deshpande19. CommentHwok Aun LeePART VI: MACROECONOMIC ISSUES IN THE UNITED STATES20. How Big is Too Big? On the Social Efficiency of the Financial Sector in the United StatesGerald Epstein and James Crotty21. Unpacking the US Labor ShareJames Heintz22. CommentJohn MillerPART VII: APPLICATIONS OF MARXIST ECONOMIC THEORY23. Social Structures of Accumulation, the Rate of Profit, and Economic CrisesDavid M. Kotz24. Exploitation without Subsumption: The Scope and Limits of Proto-Industrial ExploitationGilbert L. Skillman25. Morally Arbitrary Economic AdvantageFrank Thompson26. CommentFred MoseleyPART VIII: REFLECTIONS BY THOMAS E. WEISSKOPF27. Presentation to the Festschrift Conference at the Political Economy Research Institute of the University of Massachusetts Amherst, October 1, 2011Thomas E. WeisskopfBiography of Thomas Emil WeisskopfBibliography of the Writings of Thomas Emil WeisskopfIndex