Continuing the theme of revising theory in the convergence of random processes that I shouldn’t have forgotten so rapidly, today we consider the Skorohod Representation Theorem. Recall from the standard discussion of the different modes of convergence of random variables that almost sure convergence is among the strongest since it implies convergence in probability and thus convergence […]
Skorohod Representation Theorem
Author: Isadore Nabi
-
IMF and debt: a new consensus?
There is much talk among ‘progressive’ economists that the IMF and the World Bank have turned over a new leaf. Gone are the days of supporting fiscal austerity, demanding that national governments get public debt levels down and insisting on conditions for countries borrowing IMF-WB funds that their governments privatise their state assets, deregulate markets […]
IMF and debt: a new consensus? -
Football: a people’s sport?
The collapse of the attempt to form a ‘super league’ of top European soccer teams by the billionaire owners of the big clubs is only an interrupted chapter in the story of the commodification of sport into profitable capitalist enterprises, owned and controlled by capital. It is no accident that JP Morgan was the fund […]
Football: a people’s sport? -
Transforming Rebellion into Revolution: Rereading Cedric Robinson and Eugene Genovese
This piece is a part of our ongoing series, entitle “Rethinking the Revolutionary Canon.” By Tim Bruno In recent years, Cedric Robinson’s Black Marxism (1983) has grown in stature from cult favorite to recovered classic. Readers might be aware of the proliferating essays, conference panels, anthologies, and special issues on Robinson’s text. The University of North Carolina Press has published a new […]
Transforming Rebellion into Revolution: Rereading Cedric Robinson and Eugene Genovese -
Robert Mundell: nothing optimal
Noted neoclassical mainstream economist, Robert Mundell, has died at the age of 88 years. Mundell won a Nobel (Riksbank) prize in economics for his extension of general equilibrium theory as applied to Keynesian macroeconomics into the international arena. Whereas the neoclassical equilibrium version of Keynes’ macromodel (called ‘bastardised Keynesianism’ by Joan Robinson) described a ‘closed’ […]
Robert Mundell: Nothing optimal -
The rise of capitalism and the productivity of labour
In my view, there are two great scientific discoveries made by Marx and Engels: the materialist conception of history and the law of value under capitalism; in particular, the existence of surplus value in capitalist accumulation. The materialist conception of history asserts that the material conditions of a society’s mode of production and the social […]
The rise of capitalism and the productivity of labour
