education:

Ph.D., Economics, University of California, Berkeley, 1975
M.A., Economics, Yale University, 1966
A.B., Physics, Harvard College, 1965

professional experience

September 1978 to present: Faculty (Assistant, Associate, then full Professor), Department of Economics, University of Massachusetts, Amherst, MA.
January to June, 1984: Visiting Associate Professor, Department of Economics, University of California, Berkeley, CA.
October 1977 to September 1978: Visiting Staff Economist, Bureau of Economics, Federal Trade Commission, Washington, D.C.
September 1974 to August 1978: Assistant Professor, Department of Economics, American University, Washington, D.C.

research interests

Russian economy
Social structure of accumulation theory
Institutional and policy regime change in capitalist systems
Economic crisis theory
Socialist economies

affiliations

Vice-President, World Association for Political Economy.
Member, Union for Radical Political Economics.
Member, Massachusetts Society of Professors.
Staff Economist, Center for Popular Economics, Amherst, MA.

presentations

Selected Recent Presentations:
"The Capital-Labor Relation: Contemporary Character and Prospects for Change," at the Second Forum of the World Association for Political Economy, University of Shimane, Hamada, Japan, October 27, 2007.
"Economic Crises and Institutional Structures: A Comparison of Regulated and Neoliberal Capitalism in the U.S., at conference on "Rebellious Macroeconomics: Marx, Keynes and Crotty," University of Massachusetts Amherst, October 20, 2007.
"Liberal and Regulated Forms of Capitalism: Explaining the Evolution of Capitalist Institutional Structures," at the Political Economy Program at the National Autonomous University of Mexico, May 22, 2007.
"Social Structures of Accumulation and the Rate of Capital Accumulation: A Revised Understanding of the SSA Theory," at conference on "Economic Pluralism for the Twenty-First Century,"Salt Lake City, June 1, 2007.
"The Political Economy of the Putin Era: Has Russia Moved toward State Capitalism?" at conference at the Russian State Library, Moscow, April 19, 2007.
"Ownership, Property Rights, and Economic Performance: Theory and Practice in the USA and other Countries," at conference on "Ownership and Property Rights: Theory and Practice," Beijing, November 13, 2006.
"Institutional Structure or Social Structure of Accumulation?" at conference on "Growth and Crises: Social Structure of Accumulation Theory and Analysis," National University of Ireland, Galway, November 3, 2006.
"The Origins and Effects of Neoliberalism," keynote speech at annual conference of the Chinese Foreign Economics Research Society, Beijing, October 14, 2006.
"The Iraq War and the New US Imperialism," Chinese Academy of Social Sciences, Beijing, October 17, 2006.
"Marxist Economics for the Contemporary World," Shandong University, Jinan, China, September 23, 2006.

Selected publications

Russia's Path from Gorbachev to Putin: The Demise of the Soviet System and the New Russia, coauthored with Fred Weir, London and New York: Routledge, 2007. A revised and updated version of Revolution from Above: The Demise of the Soviet System, 1997.
Revolution from Above: The Demise of the Soviet System, coauthored with Fred Weir, London and New York: Routledge, 1997. Japanese language edition: Shin-Hyoron, Tokyo, 2000. Chinese language edition: Renmin University Press, Beijing, 2002.
Social Structures of Accumulation: The Political Economy of Growth and Crisis, edited volume with coeditors Terrence McDonough and Michael Reich, Cambridge: Cambridge University Press, 1994.
"Economic Crisis and Institutional Structure: A Comparison of Regulated and Neoliberal Capitalism in the U.S.," in Heterodox Macroeconomics: Keynes, Marx and Globalization, by Jonathan Goldstein and Michael Hillard (eds), Ann Arbor: University of Michigan Press, forthcoming, 2008.
"Contradictions of Economic Growth in the Neoliberal Era: Accumulation and Crisis in the Contemporary U.S. Economy," Review of Radical Political Economics, vol. 40 no. 2, Spring 2008 (forthcoming); also an earlier version in Chinese translation in Review of History of Economic Thought, June, 2006, 138-159.
"The Erosion of Non-Capitalist Institutions and the Reproduction of Capitalism," in Political Economy and Global Capitalism: The 21st Century, Present and Future, by Robert Albritton, Bob Jessop, and Richard Westra (eds), London and New York: Anthem Press, 2007, 160-76.
"The Role of the State in Economic Transformation: Comparing the Transition Experiences of Russia and China," in Chinese in Foreign Theoretical Trends (Beijing), January 2005, 7-12, and February 2005, 32-36; and in Chinese in Issues of Contemporary World Socialism, No. 3, September 2005, 3-14. Published in Russian translation as "Gosudarstvo i ekonomicheckaya transformatsiia: rossiiskii i kitaiskii opyt perekhoda k pynku," in Vestnik Sankt-Peterburgskogo universiteta (Bulletin of St. Petersburg University), vol. 5 no. 2, 2005, 1-16.
"Deja Vu All Over Again: The 'New Economy' in Historical Perspective," coauthored with Martin Wolfson, Labor Studies Journal, vol. 28 no. 4, Winter 2004, 25-44.
"Neoliberalism and the Social Structure of Accumulation Theory of Long-Run Capital Accumulation," Review of Radical Political Economics, vol. 35 no. 3, September 2003, 263-270.
"Neoliberalism and the U.S. Economic Expansion of the 1990s," Monthly Review, vol. 54 no. 11, April 2003, 15-33. Published in Russian translation in Problemy teorii i praktiki upravleniia (Problems in the theory and Practice of Management), No. 1, 2003, 41-46. Published in Chinese translation in Foreign Theoretical Trends, August 2003, 15-20; and in Globalization and Neoliberalism, edited by Qiqing Li and Yuanqi Liu, Guangxi Normal University Press, 2003, 175-192.
"Globalization and Neoliberalism," Rethinking Marxism, vol. 14 no. 2, summer 2002, 64-79. Reprinted in Armies and Politics, edited by Evgeny N. Pashentsev and Constantine V. Miniar-Beloroutchev, Moscow, 2002, 182-203. Published in Chinese translation in Foreign Theoretical Trends, September 2003, 7-10; and in Globalization and Neoliberalism, edited by Qiqing Li and Yuanqi Liu, Guangxi Normal University Press, 2003, 3-14.
"Socialism and Innovation," Science and Society, vol. 66 no. 1, spring 2002, 94-108. Published in Chinese translation in Foreign Theoretical Trends, November 2002, 19-21.