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Michael Lebowitz: What every child should know about Marx's theory of value

Michael A. Lebowitz The law of value works in mysterious ways. For some Marxists, it underlies everything we need to know about capitalism. But, just as Marx claimed he was not a Marxist, so too might he have said, “that’s not my law of value.” ....

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Monthly Review | What Every Child Should Know about Marx's Theory of Value

Michael Lebowitz expounds on the simple truths found in Marx's theory of value—truths that, nonetheless, have been obscured by decades of incomplete theorizing… ....

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Monthly Review | July-August 2023 (Volume 75, Number 3)

Buy this issue Writing at the end of the nineteenth century, Frederick Engels foresaw that without disarmament, Europe would soon be plunged into war. ....

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The state and the future of socialism

Michael A. Lebowitz When capital is in crisis, there are always two options – to give in or to move in. If masses are armed with a clear conception of the socialist alternative, they can turn a crisis in capitalism into the crisis of capitalism. Of course, it is possible that current struggles against the capitalist offensive ultimately may lead to a glorious defeat. It is possible but we must take that chance. ....

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The State and the Future of Socialism

We are in the midst of a class war. That’s not unusual. There is always class war in capitalism – although sometimes it is hidden and sometimes there is ....

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