Remaking Scarcity

Remaking Scarcity : From Capitalist Inefficiency to Economic Democracy

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The dominant schools of neoclassical and neoliberal economics tell us that material scarcity is an inevitable product of an insatiable human nature. Against this, Costas Panayotakis argues that scarcity is in fact a result of the social and economic processes of the capitalist system.The overriding importance of the logic of capital accumulation accounts for the fact that capitalism is not able to make a rational use of scarce resources and the productive potential at the disposal of human society. Instead, capitalism produces grotesque inequalities and unnecessary human suffering, a toxic consumerist culture that fails to satisfy, and a deepening ecological crisis. Remaking Scarcity is a powerful challenge to the current economic orthodoxy. It asserts the core principle of economic democracy, that all human beings should have an equal say over the priorities of the economic system, as the ultimate solution to scarcity and ecological more

Product details

  • Hardback | 224 pages
  • 136 x 218 x 20mm | 399.16g
  • London, United Kingdom
  • English
  • 0745331009
  • 9780745331003

Review quote

'This is a fine book, full of thoughtful considerations on the most pressing issues facing us' -- Ted Benton, Environmental Ethics 'An excellent contribution to attempts to think beyond the current crisis of capitalism' -- Dr Benjamin Selwyn, Senior Lecturer in International Relations, University of Sussex 'Extremely timely ... Panayotakis develops a critical approach to an issue that is central to neo-classical economics but rarely the subject of critical analysis' -- Molly Scott Cato, Reader in Green Economics, Cardiff University 'An extremely scholarly, insightful and well-argued contribution - with ecology and feminism given the attention often denied them - to this crucially important literature. Highly Recommended' -- Bertell Ollman, Department of Politics, New York University, author of Dance of the Dialectic: Steps in Marx's Method 'Combines theoretical boldness and the determination to extend Marxian theory. It deserves to be read as another impressive product of the global rethinkings of Marxism now engaged in building a Marxism for the twenty-first century' -- Richard D. Wolff, Professor of Economics Emeritus, University of Massachusetts, Amherstshow more

About Costas Panayotakis

Costas Panayotakis teaches Sociology at New York City College of Technology. He has published on political economy, ecology and social movements and has been interviewed by numerous radio and TV programmes in the United States and abroad. He is the Book Review editor of the international journal Capitalism Nature more

Table of contents

Foreword by Joel Kovel Preface 1. Capitalism, Scarcity and Economic Democracy 2. The Neoclassical Approach to Scarcity 3. Scarcity and Capital Accumulation 4. Scarcity, Capitalist Exploitation, and Consumption 5. Economic Democracy and the Multiplicity of Social Inequalities and Struggles 6. Capitalism, Scarcity and Global Inequalities 7. Scarcity and the Deepening Ecological Crisis 8. Imagining Economic Democracy: Two Models 9. The Way Forward: Economic Democratization as a Strategy of Reforms and Fundamental Social Change Conclusion Humorous Appendix: Austerity Nut and His Message Notes Bibliography Indexshow more

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