Radical Demon

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Remaking Scarcity

From Capitalist Inefficiency to Economic Democracy
Costas Panayotakis

Neoclassical and neoliberal economics tell us material scarcity is an inevitable product of an insatiable human nature. Costas Panayotakis argues that scarcity results from capitalism’s own inability to make rational use of the productive potential at our disposal. Remaking Scarcity is a powerful challenge to economic orthodoxy, asserting the core principle of economic democracy as the ultimate solution to scarcity and ecological crisis.
With an Introduction by Joel Kovel, editor, Capitalism, Nature, Socialism

Costas Panayotakis teaches Sociology at New York City College of Technology.

Subject areas:Humanities, Social Sciences, Political Economy, Politics, Economics, Professions, Environmental Studies

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

Capitalist-produced scarcity proves to be an extraordinarily enlightening vantage point from which to analyse both capitalism and its socialist alternatives. Panayotakis’s book provides 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, author of Dance of the Dialectic: Marx’s Method
This book is recommended for the following courses on this site
  • Introductory Historical Materialism (demonstration outline)

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