From the time it was uttered by Margaret Thatcher in the 1980s, "There is no alternative" has been the unofficial mantra of the neoliberal order. The illusion of inevitability has long been a bulwark of late capitalism, leaving us unable to imagine anything beyond its crises and inequalities. But as Derek Wall argues in Economics After Capitalism, there is in fact an alternative to our crisis-ridden, austerity-inflicted world-and not just one alternative, but many.
Challenging the arguments for markets, mainstream economics, and capitalism from Adam Smith onwards,Economics After Capitalism provides a step-by-step guide to the writers, movements, and schools of thought critical of neoliberal globalization. These thinkers range from Keynesian-inspired reformists such as George Soros and Joseph Stiglitz and critics of inequality like Thomas Piketty and Amartya Sen to more radical voices such as Naomi Klein, Marxists such as David Harvey, anarchists, and autonomists including Antonio Negri and Michael Hardt.
Wall explains Marx's economic system in a twenty-first century context and outlines how we can build a democratic economy that, by drawing on the ideas of Elinor Ostrom, Hugo Chavez and others, can renew socialism. In providing a clear and accessible guide to the economics of anti-capitalism, Wall successfully demonstrates that an alternative to rampant climate change, elite rule and financial chaos is not just necessary, but possible.
'A thoughtful and inspiring guide to capitalism and anti-capitalism. Drawing upon his experience as an economist he makes the most seemingly obscure ideas clear' -- Caroline Lucas, Green MP for Brighton Pavilion
'Funny, lateral and unique - an erudite Green primer on global justice' -- Matthew Tempest, the Guardian
'Derek Wall is one of the world's leading advocates of a synthesis between Red and Green. In this inspiring book, he articulates democratic, just and sustainable alternatives to the dominant planet-wrecking, pro-elite economics of free market capitalism' -- Peter Tatchell
'Usually the green perspective is simply tagged on to the red. Derek Wall is that rare breed: a real red-green hybrid. In this book, his eco-Marxism comes alive as he guides us through the major issues and leading theorists with a lightness of touch and personal warmth which makes even the most complicated of arguments accessible' -- Hilary Wainwright, co-editor of Red Pepper
'A crash course in critical economy. It disproves the notion that economics is boring or dense, partly because it approaches the subject in terms of human needs instead of dry statistics, and partly because of Wall's accessible writing style. Without over-simplification of ideas, he writes in a manner that laypersons can understand, throwing in a lot of examples from the real world and even touches of humour, to give hope that humans could organise their common life differently and better' -- Sally Bland, The Jordan Times
'This book is perfect for those who are beginners to economics in providing all the vital information that other books omit ...
Wall has produced a user-friendly volume, free from heavy jargon, and he keeps things short and to the point' -- Morning Star
1 Warm Conspiracies and Cold Concepts 2 Vaccinating against Anti-Capitalism: Stiglitz, Soros and Friends 3 White Collar Global Crime Syndicate: Korten, Klein and other Anti-Corporates 4 Small is Beautiful: Green Localism 5 Planet Earth Money Martyred: Social Credit and Monetary Reform 6 Imperialism Unlimited: Marxisms 7 The Tribe of Moles: Autonomism, Anarchism and Empire 8 Marx on the Seashore: Ecosocialist Alternatives 9 Beyond economic man: Feminist economics 10 Life After Capitalism: Alternatives, Structures, Strategies