Issue no.75
Autumn '01


Head&Hand; Introduction
Four members, whose service on the Editorial Board spans the past 25 years, reflect on the development of cse and Capital & Class before introducing the Anniversary Issue.


Conference of Socialist Economists and the Emergence of Heterodox Economics in Post-War Britain
Lee, Frederic S.
In 1950 there were no heterodox economic traditions in British economic departments. However, over the next twenty years the rise of the New Left and students activisim and other factors help create the conditions that lead to the formation of cse. Once formed the cse built Britain's first community of Marxian-heterodox economists.


The Continuing Imperative of Value Theory
Fine, Ben
A spirited and enthusiastic case for value theory is advanced, establishing that it remains essential in dissecting increasingly complex features of capitalism.


'Kapital' and its Subtitle: A Note on the Meaning of Critique
Bonefeld, Werner
The essay argues that Marx's work amounts to a critique of economic categories sans phrase. This critique goes forward through the critique of fetishism. Marxist economics, it is argued, is a contradiction in terms. The critique of political economy amounts to a negative determination of the world of capital.


Why Read 'Capital'?
Holloway, John
Why read Capital? To liberate ourselves from 'Marxist' economics, the author claims


The Marx-Hegel Relationship: Revisionist Interpretations
Fine, Robert
If there is one way in which we should not read Marx's relation to Hegel, it is through Marx's own account of it. Fine addresses this proposition and reconstructs their relation in terms of their reciprocal and substantive contributions to understanding the forms of value and right in modern capitalist society.


State Theory, Regulation, and Autopoiesis: Debates and Controversies
Jessop, Bob
This contribution reviews debates in Capital & Class and the Bulletin of the cse over the last 25 years on: Marxist state theory; Fordism and post-Fordism; the regulation approach; the relevance of autopoiesis to Marxist analysis; and, most recently, critical realism. It identifies how these cse debates have influenced theoretical turns in the author's work.


The Globalisation of Capital, Crisis and Class Struggle
Clarke, Simon
Marx and Engels saw the coming revolution as the outcome of class struggles provoked by crises which are the culmination of the globalisation of capital, but although the origins of capitalist crises lie in the overaccumulation of capital in the capitalist heartland, their economic and political manifestations are most acute in the capitalist periphery.


Marx, International Political Economy and Globalisation
Burnham, Peter
'Globalisation' presents analytical problems for approaches based on national conceptions of capitalism and for frameworks which regard 'states' and 'markets' as opposed forms of social organisation. This paper indicates how the cse tradition of state theory can be extended to see 'globalisation' in terms of the 'political management' of the rotation of capital.


Globalization, Labour and Socialist Renewal
Radice, Hugo
Argues that a renewal of socialism requires a resolutely internationalist strategy based on the critique of wage-labour.


Gamble, Andrew
In the 1980s and 1990s neo-liberalism became the new political commonsense, shaping the policy consensus. Its rational core lies in identifying the policies needed in a period of major restructuring for capital to regain its flexibility and mobility. As such it has played a major role in the ideological resurgence of Anglo-American capitalism.


'Social-Liberalism in France'
Bachet, Daniel; Durand, Jean-Pierre
In France the parties of the left have been in power for most of the time since the 1980s. What became of the left programme in the context of neo-liberalism and the rise of globalisation? Was it inevitable that the government of the Left would pursue a neo-liberal agenda? What was the impact of this agenda on social affairs in general?


Book reviews; Europe and Post-actually Existing Socialism
This article highlights the extent to which migrants are being stigmatised and abused in the uk by a labour government's racist policies on refugees. Just as capitalist globalistion today demands the removal of controls on the movement of capital so the injustices faced by refugees can be removed by the abolition of immigration controls.


Class, Tax and Spending: Problems for the Left in Postindustrial and Postdemocratic Politics - Or Why Aren't We Taxing the Fat Cats till the Pips Squeak?
Byrne, David


Production, Reproduction and the Commodity Status of Labour
MacInnes, John
Focusing on the contradictory character of the commodity status of labour can produce rather unhelpful economistic accounts of class struggle at the workplace, but it can also lead to more useful critiques of the myth of the self regulating market in general and of the developing crisis in the family and reproduction in particular


'Don't Care Was Made to Care': The Implications of Gendered Time for Policies towards the Household
Wheelock, Jane
Taking a household based approach, this article brings the domestic labour debate up to date. An overview of empirical and theoretical work over the last 25 years shows that overcoming the reproduction of gendered power relations in paid and unpaid work has proved a difficult task. If policies for work-life balance are to have an impact, we must return to Marxian concerns with the impact of the commoditisation of time.


The Conditions of Labour - A Retrospect
Nichols, Theo
The author re-visits some of the modern management techniques in fashion at the time Capital & Class was founded. He argues that a striking feature of recent years has not been the much heralded emergence of a Fordist/Post-Fordist divide but the diffusion of capitalist labour control techniques from manufacturing to other sectors of the economy.


Debating the State of the Unions: A Comment on McIlroy
Gall, Gregor
McIlroy makes a welcome contribution to the debate on the prospects for unions and the left in Britain since 1997. In this comment, I develop my earlier line of argument and debate with McIlroy on his arguments and position surrounding prospect and potential in the current period.


Socialists and the Unions: A Response to Gall's Comment
McIlroy, John
Replying to Gall, McIlroy insists that most socialist analysis of trade unionism takes inadequate measure of the transformative change of recent decades. A critical view of New Labour's recent legislation and trade union leader's enthusiasm for partnership with employers is essential to exploring the real but limited possibilities for union revival.

Capital & Class (ISSN 0309 8168)


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