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Adam Buick

A New Translation of Marx's 'Capital'

In 1976 Penguin published a new translation of Volume I of Marx’s Capital. In his preface the translator, Ben Fowkes, gives two reasons why he feels a new translation was necessary. First, that the English language has changed since the first English edition, translated by Samuel Moore and Edward Aveling under the supervision of Engels, was published in 1887. Secondly that, with the increased knowledge of Marx’s ideas since 1887, there is no longer any need to shield the reader from some of the more difficult passages which Marx left out, for instance, in the French edition. These, says Fowkes, can be restored despite their difficulty.

Book Review: 'Democracy at Gunpoint - The Greek Front'

The Overthrow of Non-Democracy

'Democracy at Gunpoint: The Greek Front', by Andreas Papandreou. (Deutsch)

Andreas Papandreou, the son of the veteran Greek republican politician George Papandreou and now a leader of the opposition in exile to the Greek colonels, here gives his personal account of the events leading to the Greek military coup on 21 April 1967.

MMT: New Theory, Old Illusion

We look at the latest economic theory to claim that governments can spend their way to full employment.

In 1971 the last formal link between paper currencies and gold came to an end when the US decided to end the convertibility, for foreign governments, of the dollar into gold at $35 an ounce. Before then the currencies of IMF member countries had been tied indirectly to gold by having a fixed rate of exchange with the dollar. This change meant that governments no longer had to take into account maintaining the dollar rate of exchange when making economic decisions.

An Idiot's Guide to Banking - How To Avoid Being A Currency Crank

'An Idiot's Guide to Banking - How To Avoid Being A Currency Crank'.
Summer School 2016 - 'Money Talks'

Venue: Fircroft College, Birmingham

Recorded: 
Saturday, 23 July 2016

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