Marxist political economy
IMF downgrades forecast for global economy
By Nick Beams, 25 June 2020
The global economy is predicted to take a $12 trillion hit over 2020 and 2021 with the COVID-19 pandemic having a “catastrophic” effect on the world labour market.
Fed boosts support for stock market by expanding corporate debt purchases
By Nick Beams, 17 June 2020
Fed chairman Jerome Powell said it would take some time before employment and economic activity returned to pre-pandemic levels.
Oil price plunge continues
By Nick Beams, 22 April 2020
Trump has indicated government bailout measures for the industry may be forthcoming after his failed attempt to halt the price slide by having Russia and Saudi Arabia cut production.
Wall Street feasts on death
By David North, 15 April 2020
Since March 23, the COVID-19 pandemic has claimed more than 25,000 lives in the United States. During the same period, the Dow Jones Industrial Average has risen more than 30 percent.
Wall Street sell-off resumes as Dow enters bear market territory
By Nick Beams, 12 March 2020
Markets are set to plunge further today following US President Trump’s virulently nationalist address yesterday evening in which he labelled the coronavirus as a “foreign virus.”
The fraud of “progressive capitalism”
By Nick Beams, 26 April 2019
Calls for “reform” of the capitalist economy advanced by billionaire CEOs in the US and supported by “left” economists are motivated by deep fears of the implications of the shift to the left in broad sections of the American population.
Nick Beams to lecture at Australian universities on the contemporary significance of Karl Marx
6 September 2018
The lectures will make clear that Marx’s theoretical breakthroughs were inextricably linked to his political work as a revolutionary determined to arm the emerging working class with a program that advanced its independent interests.
David Harvey’s Jacobin interview on Marx’s Capital
A promotion of the “life-style” politics of the pseudo-left
By Nick Beams, 21 July 2018
As with all of Harvey’s work, the interview does not provide a clarification or guide to Marx but serves to prevent an understanding of his masterwork, seeking to render him suitable to the political and life-style sensibilities of a middle class “left” audience.
The laws of capitalism and the breakdown of the global economy
By Nick Beams, 10 May 2018
The following speech was delivered to the ICFI’s May Day 2018 International Online Rally by Nick Beams, a leading member of the Socialist Equality Party in Australia.
Marx’s analysis of the laws of capital and the share market crisis
By Nick Beams, 17 February 2018
The largest fall in markets since the crisis of 2008 has provided a damning exposure of the entire framework of bourgeois economics and a living confirmation of the analysis of Karl Marx.
The bicentenary of Marx’s birth, socialism and the resurgence of the international class struggle
3 January 2018
The year 2018—the bicentenary of Marx’s birth—will be characterized, above all, by an immense intensification of social tensions and an escalation of class conflict around the world.
The 150th anniversary of the publication of Capital
By Nick Beams, 18 September 2017
September 14 was the 150th anniversary of the publication of the first volume of Capital by Karl Marx. It marked a turning point in mankind’s intellectual and historical development.
“Secular stagnation” and the contradictions of capitalism
By Nick Beams, 23 February 2016
The lowering of interest rates, quantitative easing and now negative interest rates are only compounding financial instability and laying the basis for another crisis.
The anti-Marxism of Yanis Varoufakis
By Nick Beams, 28 February 2015
Varoufakis completely distorts Marx’s analysis of capitalism in order to justify his program of trying to save capitalism from itself.
David Harvey and the Occupy Movement
By Nick Beams, 23 November 2011
Harvey is using his reputation as an analyst of Marxist political economy and a critic of capitalism to try to emasculate the Occupy movement and subordinate it to the present political order.
The political economy of quantitative easing
By Nick Beams, 15 October 2011
Far from boosting “economic recovery,” QE provides additional funds for the parasitic speculation that sparked the financial crisis in the first place.
University of Western Sydney lecture
The global economic breakdown—a Marxist analysis
By Nick Beams, 17 September 2010
SEP National Secretary Nick Beams delivered a lecture on the global capitalist crisis on September 14 to an audience of about 100 students and academics at the University of Western Sydney.
Imperialism and the political economy of the Holocaust
By Nick Beams, 12 May 2010
This lecture was delivered at San Diego State University on April 29. It was the eighth in a series entitled "Killing for a higher cause: Political violence in a world in crisis" sponsored by the Institute on World Affairs within the Political Science Department of the San Diego State University.
Lecture 2
“Socialism in One Country” and the Soviet economic debates of the 1920s—Part 2
By Nick Beams, 7 May 2009
This is the second of two lectures delivered at an SEP summer school in August 2007 that deal with some of the crucial conflicts over economic policy in the Soviet Union during the 1920s.
Lecture 2
“Socialism in One Country” and the Soviet economic debates of the 1920s
By Nick Beams, 6 May 2009
This is the second of two lectures delivered at an SEP summer school in August 2007 that deal with some of the crucial conflicts over economic policy in the Soviet Union during the 1920s.
“Socialism in One Country” and the Soviet economic debates of the 1920s—Part 2
By Nick Beams, 5 May 2009
This is the first of two lectures, delivered at an SEP summer school in August 2007, dealing with some of the crucial conflicts over economic policy in the Soviet Union during the 1920s.
“Socialism in One Country” and the Soviet economic debates of the 1920s
By Nick Beams, 4 May 2009
This is the first of two lectures, delivered at an SEP summer school in August 2007, dealing with some of the crucial conflicts over economic policy in the Soviet Union during the 1920s
Letters from our readers
30 December 2008
A selection of recent letters sent to the World Socialist Web Site.
A lecture by Nick Beams
The World Economic Crisis: A Marxist Analysis
Part 5
By Nick Beams, 24 December 2008
The following is the final part of a lecture delivered by Nick Beams, national secretary of the Socialist Equality Party (Australia) and a member of the International Editorial Board of the World Socialist Web Site, to audiences in Perth, Melbourne and Sydney in November and December, 2008.
A lecture by Nick Beams
The World Economic Crisis: A Marxist Analysis—Part 4
By Nick Beams, 23 December 2008
The following is Part 4 of a lecture delivered by Nick Beams, national secretary of the Socialist Equality Party (Australia) and a member of the International Editorial Board of the World Socialist Web Site, to audiences in Perth, Melbourne and Sydney in November and December, 2008.
A lecture by Nick Beams
The World Economic Crisis: A Marxist Analysis—Part 3
By Nick Beams, 22 December 2008
Published today is the third part of a lecture delivered by Nick Beams, national secretary of the Socialist Equality Party (Australia) and a member of the International Editorial Board of the World Socialist Web Site, to audiences in Perth, Melbourne and Sydney in November and December, 2008.
Lecture by Nick Beams
The World Economic Crisis: A Marxist Analysis
Part 2
By Nick Beams, 20 December 2008
The following is the second part of a lecture delivered by Nick Beams, national secretary of the Socialist Equality Party (Australia) and a member of the International Editorial Board of the World Socialist Web Site, to audiences in Perth, Melbourne and Sydney in November and December, 2008.
A lecture by Nick Beams
The World Economic Crisis: A Marxist Analysis
Part 1
By Nick Beams, 19 December 2008
The following is the first part of a lecture delivered by Nick Beams, national secretary of the Socialist Equality Party (Australia) and a member of the International Editorial Board of the World Socialist Web Site, to audiences in Perth, Melbourne and Sydney in November and December, 2008. Part 2 will be published tomorrow and subsequent parts over the next few days.
Leon Trotsky - Marxism in Our Time - 1939
By Leon Trotsky, 1 November 2008
In 1939, Longmans published "The Living Thoughts of Karl Marx, Based on Capital: A Critique of Political Economy, Presented by Leon Trotsky." The following text served as the introduction to this one-volume abridgement of Marx's Capital. The abridgement itself was made by Otto Rühle, "with profound understanding of his task." Trotsky's introduction appeared separately as a pamphlet, and is presented here, with slight modifications, in Charles Malamuth's translation. Material removed from the Longmans edition has been restored after checking the final Russian version in the Trotsky archive at Harvard.
Vladimir Lenin - Karl Marx - 1914
By Vladimir Lenin, 23 October 2008
This work, written from July-November 1914 for publication in one of Russia's most popular encyclopedias, contains a general overview of the Marxist doctrine as well as a biographical sketch of Marx. It is perhaps the most comprehensive overview of Marxism in so short a document, and is infused with Lenin's distinctive polemical vein; here, as in all of his writings, Lenin defends the international and revolutionary essence of Marxism at a time when the majority of the leaders of the Second International were contorting Marx's teachings into a doctrine of reformism and lining up behind their ruling classes in the First World War.
Socialism: Utopian and Scientific
By Friedrich Engels, 21 October 2008
In this popular pamphlet, Engels describes the greatest accomplishment of Marxism - that of transferring Socialism from the realm of abstract morality and basing it upon the laws and potentialities of the world as it exists. He explains the relationship between previously-existing types of socialism, which ultimately considered the reorganization of society as a question of appealing to the better sentiments of the ruling class, and that of Marxism, which recognizes the material basis for the antagonism between capitalist and worker, and, with the aid of this knowledge, seeks to reorganize society through the class struggle.
The Communist Manifesto
By Karl Marx and Friedrich Engels, 14 October 2008
The manifesto, written in the months prior to the revolutionary wave of 1848 and distributed throughout Europe, is the first definitive statement of the methods and aims of the Communist movement. It introduces the materialist conception of history and of the class struggle, explaining how bourgeois society, having sprung up amid the formation of a world market, simplifies and intensifies class antagonisms by creating the proletariat, a class which has no property aside from its own ability to labor. It explains and refutes objections to the basic demands of the Communist movement, and offers remarkably concise yet profound statements of many of the fundamental tenets of Marxism -- for instance, the state as a "committee for managing the affairs of the entire bourgeoisie," internationalism ("workingmen have no fatherland"), and the role of the political party: "Every class struggle is a political struggle." It closes with an analysis and criticism of other parties, socialist ideologies, and oppositional tendencies.
Shades of 1929: the global implications of the US banking collapse
Part 3
By Nick Beams, 18 April 2008
The following is the final part of a report delivered by Nick Beams, national secretary of the Socialist Equality Party (SEP) in Australia and a member of the World Socialist Web Site international editorial board, to public meetings in Sydney and Melbourne on April 9 and 15. Part 1 was published on April 16 and Part 2 on April 17. Beams, an international authority on Marxist political economy, is the author of regular WSWS articles and analyses on globalisation and political economy.
Shades of 1929: the global implications of the US banking collapse
Part 2
By Nick Beams, 17 April 2008
The following is the second part of a report delivered by Nick Beams, national secretary of the Socialist Equality Party (SEP) in Australia and a member of the World Socialist Web Site international editorial board, to public meetings in Sydney and Melbourne on April 9 and 15. Part 1 was published on April 16 and the concluding third part will be published on April 18. Beams, an international authority on Marxist political economy, is the author of regular WSWS articles and analyses on globalisation and political economy.
Shades of 1929: the global implications of the US banking collapse
Part 1
By Nick Beams, 16 April 2008
The following is the first part of a report delivered by Nick Beams, national secretary of the Socialist Equality Party (SEP) in Australia and a member of the World Socialist Web Site international editorial board, to public meetings in Sydney and Melbourne on April 9 and 15. Part 2 and Part 3 of the report will be published on April 17 and 18 respectively. Beams, an international authority on Marxist political economy, is the author of regular WSWS articles and analyses on globalisation and political economy.
A superficial analysis of global capitalism—Part 1
The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein, Allen Lane: 2007
By Nick Beams, 27 February 2008
This is the first of a two-part review of Naomi Klein’s The Shock Doctrine: The Rise of Disaster Capitalism. Part two will be posted on February 28.
The world crisis of capitalism and the prospects for socialism
Part three
By Nick Beams, 2 February 2008
Below we are publishing the third part of the opening report given by Nick Beams to an international school held by the International Committee of the Fourth International (ICFI) and the International Students for Social Equality (ISSE) in Sydney, Australia from January 21 to January 25. Beams is a member of the international editorial board of the World Socialist Web Site and the national secretary of the Socialist Equality Party of Australia.
The world crisis of capitalism and the prospects for socialism
Part one
By Nick Beams, 31 January 2008
Below we are publishing the first part of the opening report given by Nick Beams to an international school held by the International Committee of the Fourth International (ICFI) and the International Students for Social Equality (ISSE) in Sydney, Australia from January 21 to January 25. Beams is a member of the international editorial board of the World Socialist Web Site and the national secretary of the Socialist Equality Party of Australia.
Marxism and the political economy of Paul Sweezy
Part 7: The socialist revolution
By Nick Beams, 14 April 2004
This is the final part of a series of articles by Nick Beams, a member of the International Editorial Board of the World Socialist Web Site, dealing with the life and work of radical political economist Paul Sweezy, founder-editor of the Monthly Review, who died in Larchmont, New York on February 27, 2004. The first four parts of the seven-part series were published from April 6-9. Parts 5 & 6 were published on April 12 & 13.
Marxism and the political economy of Paul Sweezy
Part 6: Writing off the working class
By Nick Beams, 13 April 2004
This is the sixth in a seven-part series of articles by Nick Beams, a member of the International Editorial Board of the World Socialist Web Site, dealing with the life and work of radical political economist Paul Sweezy, founder-editor of the Monthly Review, who died in Larchmont, New York on February 27, 2004. Parts 1-4 were published April 6-9 and Part 5 on April 12. The final part will be published on Wednesday, April 14.
Marxism and the political economy of Paul Sweezy
Part 5: “The tendency of the surplus to rise”
By Nick Beams, 12 April 2004
This is the fifth in a seven-part series of articles by Nick Beams, a member of the International Editorial Board of the World Socialist Web Site, dealing with the life and work of radical political economist Paul Sweezy, founder-editor of the Monthly Review, who died in Larchmont, New York on February 27, 2004. Parts 1-4 were published from April 6-9. The final two parts will be published on Tuesday and Wednesday, April 13 and 14.
Marxism and the political economy of Paul Sweezy
Part 4: Monopoly Capital
By Nick Beams, 9 April 2004
This is the fourth part of a series of articles by Nick Beams, a member of the International Editorial Board of the World Socialist Web Site, dealing with the life and work of radical political economist Paul Sweezy, founder-editor of the Monthly Review, who died in Larchmont, New York on February 27, 2004. Part 1 was published on April 6, Part 2 on April 7and Part 3 on April 8. The final three parts of the seven part series will be published next Monday, Tuesday and Wednesday, April 12-14.
Marxism and the political economy of Paul Sweezy
Part 3: The breakdown theory
By Nick Beams, 8 April 2004
This is the third part of a series of articles by Nick Beams, a member of the International Editorial Board of the World Socialist Web Site, dealing with the life and work of radical political economist Paul Sweezy, founder-editor of the Monthly Review, who died in Larchmont, New York on February 27, 2004. Part 1 was published on April 6 and Part 2 on April 7.
Marxism and the political economy of Paul Sweezy
Part 2: The Theory of Capitalist Development
By Nick Beams, 7 April 2004
This is the second part of a series of articles by Nick Beams, a member of the International Editorial Board of the World Socialist Web Site, dealing with the life and work of radical political economist Paul Sweezy, founder-editor of the Monthly Review, who died in Larchmont, New York on February 27, 2004. Part 1 was published on April 6.
Marxism and the political economy of Paul Sweezy
Part 1: Early influences
By Nick Beams, 6 April 2004
This is the first part of a series of articles by Nick Beams, a member of the International Editorial Board of the World Socialist Web Site, dealing with the life and work of radical political economist Paul Sweezy, founder-editor of the Monthly Review, who died in Larchmont, New York on February 27, 2004.
A letter and reply on the “Sraffa-based” critique of Marx
By Nick Beams, 5 March 2003
The so-called Sraffa-based critique of Marxism, associated most immediately with Ian Steedman and his book Marx After Sraffa, is not an attempt to provide a solution to problems Marx left unsolved or to provide a correction to his supposed errors.
Questions on socialist organisation and planning
By Nick Beams, 20 January 2003
While it is not possible to determine in advance the forms of organisation that will emerge in the course of a series of economic and political struggles, there is no question that, given the vast changes in the economy over the past decades, they will involve the broad mass of the population.
On capitalist economic relations and the foundations of law
By Mike Head, 14 October 2002
The development of capitalist economic relations shaped the content and structure of law in many ways but the most fundamental concern the core concepts of private property and contract.
A question on the falling rate of profit
By Nick Beams, 15 July 2002
The increasing social productivity of labour is expressed in the tendency of the rate of profit to fall because in any given quantum of capital, there will tend to be smaller proportion of living labour (the sole source of surplus value).
Some questions and answers on life under socialism
By Nick Beams, 30 May 2002
Dear Mr Beams,
Democracy and the "dictatorship of the proletariat"
By Nick Beams, 4 April 2002
Dear Nick Beams,
Machinery and the origins of surplus value
By Nick Beams, 19 March 2002
Emphasising the objectivity of his method in one of his last writings, Marx explained that what he began with was not “concepts” and hence not the “concept of value”. These had to be derived from an examination of objective social processes.
Technology, the service industries and socialism
By Nick Beams, 25 February 2002
While an initial reading of Marx may well lead to the conclusion that so far as he was concerned services did not constitute commodity production, further examination makes clear that his definition of a commodity extended beyond the production of material things.
Two exchanges on the US economy
By Nick Beams, 20 February 2002
In this exchange, Nick Beams replies to questions from a reader about his analysis of the deepening contradictions in the US economy at the beginning of the 2000s.
The cause of capitalist crises
By Nick Beams, 12 February 2002
In this exchange, Beams replies to a WSWS reader who writes, in critique of Marxist economics: “If capitalists extract too much profit, they destroy the ability of employees to buy.”
Surplus value and the rate of profit
By Nick Beams, 6 February 2002
In this exchange, Beams replies to a reader who asks: “ What is the mechanism by which capitalism takes the surplus value extracted in one department of production (more labour intensive) and transports it to the profit and loss statement of another department of production (more capital intensive)?”
An exchange on wages under a socialist society
By Nick Beams, 8 January 2002
In this exchange, Beams replies to a reader, who asks: “In a socialist state, how would the matter of wages be settled?”
A letter on the contradictions of capitalism
By Nick Beams, 17 December 2001
A reader asks: “Is it true that exploitation of workers leads to surplus, and that the increased surplus constitutes a lessening of demand? Would this be the fundamental contradiction?”
A question on the contradictions of capitalism
By Nick Beams, 26 November 2001
In this exchange, Beams replies to a reader who asks how the conflict between the growth of the productive forces and the nation-state system has expressed itself throughout history.
Globalisation, Jospin and the political program of Attac
Part Two
By Nick Beams, 11 September 2001
The Tobin tax—the basis of Attac’s program—was first advanced in 1972 in the aftermath of President Nixon’s removal of the gold backing from the US dollar in August 1971 and the collapse of fixed currency exchange rates.
Globalisation, Jospin and the political program of Attac
Part One
By Nick Beams, 10 September 2001
The French prime minister, Lionel Jospin, has indicated his support for one of the main policy demands of the European anti-globalisation movement.
When the Bretton Woods system collapsed
By Nick Beams, 16 August 2001
Yesterday marked the 30th anniversary of one of the most significant turning points in the history of post-war capitalism. On August 15, 1971, without prior warning to the leaders of the other major capitalist powers, US president Nixon announced in a Sunday evening televised address to the nation that the US was removing the gold backing from the dollar. The commitment by the US to redeem international dollar holdings at the rate of $35 per ounce had formed the central foundation of the post-war international financial system set in place at the Bretton Woods conference of 1944. Nixon’s unilateral announcement dealt it a fatal blow.
A question on currency contradictions
By Nick Beams, 10 August 2001
A reader asks: “If Japan added liquidity to their economy, would that let the US talk the dollar down?”
A question on Marx and Keynes
By Nick Beams, 8 August 2001
Keynes opposed the fundamental Marxist conception that the economic crises which wracked the capitalist system were the outcome of structural contradictions arising from private ownership and production for profit.
Another question on socialist planning
By Nick Beams, 17 July 2001
Beams replies to a WSWS reader, who writes: “If the Central Government ... makes a mistake, there is no real check and balance to correct the error.”
Further correspondence on socialism and human nature
By Nick Beams, 22 June 2001
The argument of the proponents of the “free market” and capitalist ownership of the means of production is that socialism is “unnatural” and therefore doomed to failure because it violates the inherent drive in every human being towards the exclusive ownership of property.
A question on “rent-seeking”
By Nick Beams, 13 June 2001
In Volume III of Capital, Marx deals with the relationship between the different components of capital, showing how the surplus value extracted from the working class is divided among them.
Reply to a criticism of globalisation lecture
11 June 2001
Beams replies to a reader, who writes, “human capital is not homogeneous” and therefore it “should not come as a surprise that human capital employed in the knowledge-based industries has a higher economic rate of return (or ‘surplus value') than human capital employed in low-skilled occupations.”
A reply on globalisation and the significance of the Russian Revolution
18 May 2001
The following is a reply by Nick Beams to a reader on the issues of globalisation and their relationship to the Russian Revolution of 1917. The original email included a draft article entitled “History has not ended, or retreated”.
Reply to Nick Beams
1 May 2001
A reader writes: “Your letter though intelligently presented still refuses to acknowledge the true nature of humankind.”
An exchange on socialism and human nature
By Nick Beams, 1 May 2001
Beams replies to a letter from a reader about a previous correspondence, which states: “Your letter refuses to acknowledge the true nature of humankind. Centralised planning does not work and history has shown that to be true and so does the present. The freer the society the more prosperous it is.”
Reply to a letter on socialism and economic laws
24 April 2001
To whom it may concern:
Correspondence on global recessionary trends
By Nick Beams, 17 March 2001
Dear Mr. Beams,
Nick Beams replies to two readers on the issue of surplus value
By Nick Beams, 9 March 2001
In the following correspondence, Nick Beams, a member of the World Socialist Web Site editorial board, replies to two readers on the issues raised by his article “Surplus value and the Bush tax cut plan” posted on March 5.
Correspondence on US recession
19 February 2001
Dear Editors,
An exchange on globalisation
24 November 2000
Dear WSWS Editorial Board:
A question on the economic reasons for the collapse of the Soviet Union
By Nick Beams, 12 September 2000
Dear Editors,
Reply to a question on debt
3 August 2000
Dear Nick Beams,
Globalisation: The Socialist Perspective
Part Three
By Nick Beams, 7 June 2000
Nick Beams, a member of the International Editorial Board of the World Socialist Web Site and National Secretary of the Socialist Equality Party of Australia, recently completed a successful lecture tour of six Australian universities. Beams' lecture—Globalisation: The Socialist Perspective— was attended by students, academics, workers and professional people in Sydney, Melbourne, Newcastle and Canberra. The WSWS is publishing the lecture in three parts. Part One was published on June 5 and Part Two was published on June 6.
Globalisation: The Socialist Perspective
Part Two
By Nick Beams, 6 June 2000
Nick Beams, a member of the International Editorial Board of the World Socialist Web Site and National Secretary of the Socialist Equality Party of Australia, recently completed a successful lecture tour of six Australian universities. Beams' lecture—Globalisation: The Socialist Perspective— was attended by students, academics, workers and professional people in Sydney, Melbourne, Newcastle and Canberra. The WSWS is publishing the lecture in three parts. Part One was published on June 5 and the final part on June 7.
Globalisation: The Socialist Perspective
Part One
By Nick Beams, 5 June 2000
Nick Beams, a member of the International Editorial Board of the World Socialist Web Site and National Secretary of the Socialist Equality Party of Australia, recently completed a successful lecture tour of six Australian universities. Beams' lecture—Globalisation: The Socialist Perspective— was attended by students, academics, workers and professional people in Sydney, Melbourne, Newcastle and Canberra. The WSWS is publishing the lecture in three parts. Part two will be published on June 6 and the final part on June 7.
Nick Beams replies on globalisation, Marx and political power
13 May 2000
To the WSWS,
WSWS Editorial Board member Nick Beams replies to a reader's question on the labour theory of value
29 April 2000
Dear Mr. Beams:
Nick Beams replies to a reader's question about the law of the falling rate of profit
29 March 2000
The following is a question by a reader in Germany concerning the law of the falling rate of profit and a response by WSWS Editorial Board member Nick Beams.
An exchange on the privatisation of public utilities
17 March 2000
Dear Editors,
Letter from a reader on Lenin and globalisation
15 March 2000
RE: Marxist internationalism vs. the perspective of radical protest. A reply to Professor Chossudovsky's critique of globalisation—By Nick Beams (21 February 2000).
Nick Beams replies to a reader on Lenin and globalisation
15 March 2000
In this polemic Nick Beams answers a World Socialist Web Site reader who disagreed with the assessment of globalisation made in Beams' reply to Professor Michel Chossudovsky's article “Seattle and beyond: disarming the New World Order”. Nick Beams is national secretary of the Socialist Equality Party of Australia and a member of the WSWS editorial board. ML's email is available through a link at the end of the article.
An exchange on socialist planning
4 March 2000
The following is a letter from a reader about socialist planning and a reply from World Socialist Web Site editorial board member Nick Beams.
Correspondence on the breakdown of the profit system
1 November 1999
The following exchange concerning the breakdown of the profit system is part of an ongoing correspondence between Nick Beams, a member of the World Socialist Web Site Editorial Board, and WSWS readers over questions of Marxist political economy.
Correspondence on Marx's analysis of interest rates
19 October 1999
The following is a reply drafted by Nick Beams, a member of the World Socialist Web Site Editorial Board, to an inquiry regarding Marxist economics and the role of rising interest rates in the onset of economic recession.
The speculative appreciation of the stock market: a reply to a letter
By Nick Beams, 30 August 1999
The following letter, written by WSWS Editorial Board member Nick Beams, replies to a message from a reader. The message is appended below.
The breakdown of the profit system
Letter from a WSWS reader
24 August 1999
The following letter was sent by a WSWS reader. A reply, by WSWS editorial board member Nick Beams, can be found at: http://www.wsws.org/articles/1999/aug1999/cor1-a24.shtml
The breakdown of the profit system: perception and scientific analysis
By Nick Beams, 24 August 1999
The following is a reply by WSWS editorial board member Nick Beams to a letter from a reader, IM. The reader's letter can be found at: http://www.wsws.org/articles/1999/aug1999/cor2-a24.shtml
The impact of growing labor productivity: a letter from a WSWS reader
20 August 1999
The following letter was sent by a WSWS reader. A reply, by WSWS editorial board member Nick Beams, can be found at: http://www.wsws.org/articles/1999/aug1999/corr-a20.shtml
An exchange of letters
The impact of increasing labour productivity on the crisis of profit system
By Nick Beams, 20 August 1999
The following is a reply by WSWS editorial board member Nick Beams to a letter from a reader, IM. The reader's letter can be found at: http://www.wsws.org/articles/1999/aug1999/cor2-a20.shtml
Correspondence from MM
13 August 1999
Dear Editors:
A reply to correspondence on Marx's theory of value
13 August 1999
The following is a reply by Nick Beams to a series of questions raised by MM on Marx's theory of value. The initial e-mail, plus selections from subsequent correspondence, can be found at:http://www.wsws.org/articles/1999/aug1999/val2-a13.shtml
Is economic value subjective?
23 June 1999
To the editor:
The law of value and the crisis of capitalism
By Nick Beams, 16 June 1999
The following is the third in a series of exchanges between Nick Beams, the national secretary of the Socialist Equality Party in Australia and WSWS editorial board member, and Stan R. The earlier exchanges are linked at the conclusion of the present correspondence.
Automation, the working class and the extraction of surplus value
27 May 1999
The following message responds to an earlier exchange between a reader and Nick Beams, the national secretary of the Socialist Equality Party in Australia and a member of the WSWSEditorial Board.
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