“Boom and Bust” In 2008, America and the world entered into another recession, a financial crisis, or as some would call it a bust. It has been noted by economists for over a century now that the capitalist economy has… Read More ›
planned economy
A Peoples’ Economic Recovery
By Krista Lee Hanson The current economic crisis people are facing in this country—especially the millions of workers losing their jobs, the unemployed and underemployed who can’t find work, and the millions of families facing eviction from their home—offers… Read More ›
Labor Theory of Value, a Simple Explanation
We will start this explanation of the labor theory of value with an analogy from outside the sphere of economics. A teenage boy is arguing with his mother about borrowing the car. A shrink watches their interaction and he doesn’t… Read More ›
The Red Phoenix 