What is wrong with capitalism, and how can we change it?Capitalism has transformed the world and increased our productivity, but at the cost of enormous human suffering. Our shared values—equality and fairness, democracy and freedom, community and solidarity—can provide both the basis for a critique of capitalism and help to guide us toward a socialist and democratic society.Erik Olin Wright has distilled decades of work into this concise and tightly argued...

What would a viable free and democratic society look like? Poverty, exploitation, instability, hierarchy, subordination, environmental exhaustion, radical inequalities of wealth and power—it is not difficult to list capitalism’s myriad injustices. But is there a preferable and workable alternative?Alternatives to Capitalism: Proposals for a Democratic Economy presents a debate between two such possibilities: Robin Hahnel’s “participatory economics” and Erik Olin Wright’s “...

Erik Olin Wright, one of the most important sociologists of his time, takes us along on his intimate and brave journey toward death, and asks the big questions about human mortality.Human life is a wild, extraordinary phenomenon: elements are brewed in the cen-ter of stars and exploding supernova, spewed across the universe; they eventually clumped into a minor planet around a modest star; then after some billions of years this “stardust” became complex molecules with self-replicat...

Class analysis and class struggle are central concepts in Marx’s social theory yet, notoriously, Marx never wrote a systematic exposition of these terms during his lifetime, and succeeding generations have had to piece together interpretations from his many scattered references and discussions. The problem of trying to develop a Marxist class analysis on this basis has been made all the more acute by changes in the class structure of advanced capitalism, for these have thrown up a bewilder...

Leading sociologist examines how different readings of class enrich our understanding of capitalismFew ideas are more contested today than “class.” Some have declared its death, while others insist on its centrality to contemporary capitalism. It is said its relevance is limited to explaining individuals’ economic conditions and opportunities, while at the same time argued that it is a structural feature of macro-power relations. In Understanding Class, le...

One of the major works of the new American Marxism, Wright’s book draws a challenging new class map of the United States and other, comparable, advanced capitalist countries today. It also discusses the various classical theories of economic crisis in the West and their relevance to the current recession, and contrasts the way in which the major political problem of bureaucracy was confronted by two great antagonists—Weber and Lenin. A concluding essay brings together the practical lessons...

Democracy means rule by the people, but in practice even the most robust democracies delegate most rule making to a political classThe gap between the public and its representatives might seem unbridgeable in the modern world, but Legislature by Lot examines an inspiring solution: a legislature chosen through “sortition”—the random selection of lay citizens. It’s a concept that has come to the attention of democratic reformers across the globe. Proposals f...

The second edition of this strong collection brings together classical statements on social stratification with current and original scholarship, providing a foundation for theoretical debate on the nature of race, class, and gender inequality. Designed for students in courses on social stratification, inequality, and social theory, this new edition includes a revised and updated editor's introduction and conclusion, along with five new chapters on race and gender from distinguished schola...

Most developed economies are characterized by high levels of inequality and an inability to provide stability or opportunity for many of their citizens. Mainstream economics has proven to be of little assistance in addressing these systemic failures, and this has led both scholars and students to seek alternatives. One such alternative is provided by Marxian economics. In recent decades the field has seen tremendous theoretical development and Marxian perspectives have begun to appear in p...

Market Society provides an original and accessible review of changing conceptions of the market in modern social thought. The book considers markets as social institutions rather than simply formal models, arguing that modern ideas of the market are based on critical notions of social order, social action and social relations. Examining a range of perspectives on the market from across different social science disciplines, Market Society surveys a complex field of ideas i...

This widely adopted text starts with the fundamentals--what is economic growth, what is development, and what is the relationship between these two concepts? The authors examine orthodox theories of growth grounded in different schools of economics (classical, neoclassical, Keynesian, neoliberal) before considering critical alternatives (Marxist, socialist, poststructuralist, and feminist). The book elucidates the basic ideas that underpin contemporary controversies and debates surrounding...

"Brilliant... explains how the rhetoric of competition has invaded almost every domain of our existence."- Evgeny Morozov, author of To Save Everything, Click Here"A sparkling, original, and provocative analysis of neoliberalism... a distinctive account of the diverse, sometimes contradictory, conventions and justifications that lend authority to the extension of the spirit of competitiveness to all spheres of social life."- Profe...