Economics Follow

Where does profit come from?

We live in a world where the market decides what we produce, how we produce it, and how products are allocated. How else could we resolve these issues, if not through the market?

Recent panic in the stock markets has led some commentators to ask whether Karl Marx might have been right after all. Bill Dunn explains some of the core ideas at the heart of Marx's understanding of capitalism and shows how they can be used to explain the system's current crisis

The number of people who are working age and jobless in Britain has soared by nearly 100,000 since David Cameron came to office.

Portugal has become the third EU country, after Greece and Ireland, to ask for a European bailout.

The Tories tell us we need austerity to get out of the economic crisis. But new figures show that their argument is an empty one.

Bankers and bosses appeared cheerful at this year's World Economic Forum in Davos. But the state of the global economy remains precarious

Joseph Choonara opens our coverage of the spending review, arguing that George Osborne's plans expose the lie that "we're all in it together".

Economist Graham Turner gives his assessment of the austerity plans and their wider significance.

The spending review comes at a time of high international tension, as governments around the world compete to escape economic ruin. Jane Hardy analyses the global "currency wars".

Greece is in revolt over attempts to make the working class pay for the economic crisis with huge cuts to public spending.

The post-election period will be dominated by the dire state of the British economy. While the political elite are desperate to make us pay for the crisis, they are also paralysed by the fear of a renewed recession precipitated by speculation against the pound. Joseph Choonara reports