Notes from the Editors, September 2013

Authors

  • - The Editors

DOI:

https://doi.org/10.14452/MR-065-04-2013-08_0

Keywords:

Political Economy

Abstract

» Notes from the Editors
When confronted in the 1980s with the failure of the younger generation of economists (both mainstream and radical) to take seriously the issue of the return of economic stagnation, Harry Magdoff and Paul Sweezy stated in their book Stagnation and the Financial Explosion (Monthly Review Press, 1987, 12): "There is a temptation to say: just wait and see, you'll find out soon enough…. But it would be a cop-out to leave it at that. We owe it to our readers at least to try to make clearer what we mean by stagnation and why we think it is so important." They proceeded to do exactly that, producing a work that in terms of the trends of the last quarter-century has to be regarded as prescient.… Today, decades later, we can see the depth of the stagnation tendency of monopoly capitalism finally dawning upon some of the most realistic and competent of mainstream economists.

Published

2013-08-31

Issue

Section

Notes from the Editors