Curriculum Vitae: James Devine


Professor, since Fall 1996.

Economics Department, Suite 4200

Loyola Marymount University

One LMU Drive

Los Angeles, CA 90045-2699

phone: 310/338-2948            


Home: 4802 Milne Dr.

Torrance, CA 90505

Birthdate: March 17, 1952

Marital Status: Married.

I was born James Nicholson Devine; my married name is James Goldfarb Devine.

Previous Academic Positions:

Associate Professor, Loyola Marymount University, Spring 1989-Summer 1996.

Assistant Professor, Loyola Marymount University, Fall 1985-Spring 1989.

Assistant Professor, Occidental College, Los Angeles, CA, Fall 1980-Spring 1985.

Visiting Assistant Professor, University of California, Berkeley, CA, Summers of 1983 and 1984.


 Ph.D., Economics, University of California, Berkeley earned Dec. 1980, awarded June 1981.

 B.A., Economics, from Yale University, awarded May 1974.

Dissertation: “Over-Investment and Cyclical Economic Crises” (advisor: Professor Michael Reich).

Articles Published:

1.      The Great Moderation and ‘Falling Off a Cliff’: Neo-Kaldorian Dynamics.” Journal of Economic Behavior and Organization, 78(3), May 2011: 366-373.

2.      “Psychologischer Autismus, Institutioneller Autismus und die Ökonomik.” In Thomas Dürmeier, Tanja v. Egan-Krieger, und Helge Peukert (Hg.) Die Scheuklapppen der Wirtschaftswissenschaft: Postautistiche Ökonomik für eine pluralistsche Wirtschaftslehre. Metropolis-Verlag, Marburg 2006. pp. 203-216. (a translation by Tanja von Egan-Krieger of my “Psychological Autism, Institutional Autism, and Economics” listed below.)

3.      “The ‘Natural’ Rate of Unemployment.” In Edward Fullbrook, ed. A Guide to What's Wrong with Economics, London, UK: Anthem Press, 2004, pp. 126-132.

4.      “Psychological Autism, Institutional Autism, and Economics.” In Edward Fullbrook, ed. The Crisis in Economics: The Post-Autistic Economics Movement: the First 600 Days. pp. 212-20. London: Routledge, 2003. (Originally published in the Post-Autistic Economics Review, issue no. 16, September 16, 2002 (article 2) at

5.      “The Causes of the Great Depression of the 1930s and Lessons for Today.” Revista da FEA-PUC SP [Faculdade de Economia, Administração, Contrabilidade e Atuária da Pontifica Universidade Católica de São Paulo (Brazil)], volume 2, November 2000: 43–50 [actually published in 2002].

Articles Published, continued:

6.      “The Cost of Living and Hidden Inflation, Challenge, March-April 2001: 73-84. (Reprinted in Taking Sides: Clashing Views on Controversial Economic Issues , Tenth and Eleventh Editions, edited by Thomas R. Swartz and Frank J. Bonello (Dushkin/McGraw-Hill, 2001 and 2003) and in Annual Editions: Macroeconomics 02/03: Macroeconomics, 14th Edition, edited by Don Cole (Dushkin/McGraw-Hill, August, 2001), pp. 118-122.)

7.      “The Rise and Fall of Stagflation: Preliminary Results,” Review of Radical Political Economics, 32(3), 2000: 398-407.

8.       “The Positive Political Economy of Individualism and Collectivism: Hobbes, Locke, and Rousseau,” Politics and Society, 28 (2), June 2000: 265-304.

9.       “Hidden Inflation: An Estimate of the Cost of Living Inflation Rate,” In Baiman, Ron, Heather Boushey, and Dawn Saunders, eds., Political Economy and Contemporary Capitalism: Perspectives on Economic Theory and Policy. (Armonk, NY: M.E. Sharpe, 2000) 149-157.

10.  “Capital Accumulation,” an entry in the Encyclopedia of Political Economy (Philip O'Hara, ed. Routledge, 1998), volume I, 1-3.

11.  Great Depression,” in the Encyclopedia of Political Economy (see above), volume I, 415-7.

12.  “Utopia,” in the Encyclopedia of Political Economy (see above), volume II, 1214-6.

13.  “Taxation without Representation: Reconstructing Marx's Theory of Capitalist Exploitation.” In William Dugger, ed. Inequality: Radical Institutionalist Views on Race, Class, Gender, and Nation. Greenwood Press, 1996, 65-86.

14.  The Causes of the 1929-33 Great Collapse: A Marxian Interpretation,” Research in Political Economy (Paul Zarembka, ed.) vol. 14, 1994: 119-94.

15.  “Microfoundations and Methodology in Modeling Capitalism,” Review of Radical Political Economics, 25(3), 1993: pp. 51-59.

16.  “The Law of Value and Marxian Political Ecology” In Jesse Vorst, Ross Dobson, and Ron Fletcher, eds., Green on Red: Evolving Ecological Socialism (Socialist Studies/Études Socialistes, vol. 9, 1993), Winnepeg/Halifax, Canada: Society for Socialist Studies/Fernwood Publishing, pp. 133-54.

17.  “Roemer's 'General' Theory of Exploitation is a Special Case: The Limits of Walrasian Marxism,” co-author: Gary Dymski (then of the University of Southern California), Economics and Philosophy, vol. 7 (2), October 1991: pp. 235-275.

18.  “Roemer's Theory of Capitalist Exploitation: The Contradictions of Walrasian Marxism,” co-author: Gary Dymski (then of the University of Southern California), Review of Radical Political Economics, 21(3), 1989: pp. 13-17.

19.  “The Utility of Value: the 'New Solution,' Unequal Exchange, and Crisis,” Research in Political Economy (Paul Zarembka, ed.), vol. 12, 1990: pp. 21-39.

20.  “What is 'Simple Labor'? A Re-Examination of the Value-Creating Capacity of Skilled Labor,” Capital and Class (U.K.), issue 39, Winter 1989: pp. 113-131.

21.  “Paradigms as Ideologies: Liberal vs. Marxian Economics,” Review of Social Economy, 47(3), Fall 1989: pp. 293-312.

22.  “Falling Profit Rates and the Causes of the 1929-33 Collapse: Toward a Synthesis,” Review of Radical Political Economics, 20(2&3), 1988: pp. 87-93.

Articles Published, continued:

23.   “An Introduction to Radical Theories of Economic Crisis,” in The Imperiled Economy, Volume I: Left Perspectives on the Macroeconomy, New York: URPE, 1987: pp. 19-31.

24.  “Cyclical Over-Investment and Crisis: Theory and Evidence,” Eastern Economic Journal, 13(3), July-September 1987: pp. 271-280.

25.  “Empirical Studies in Marxian Crisis Theory: Introduction,” Review of Radical Political Economics, 18(1&2), Spring and Summer 1986: pp. 1-12.

26.   “Over-Investment, Underconsumption, and the Origins of the Great Depression,” Review of Radical Political Economics, 15(2), Summer 1983: pp. 1-27.

27.   “The Microeconomics of Conflict and Hierarchy in Capitalist Production,” co-author: Michael Reich (of the University of California at Berkeley), Review of Radical Political Economics, 12(4), Winter 1981: pp. 27-45.

Published Book Reviews and Review Essays:

1.      Pluralist Economics. Edward Fullbrook, ed. (Zed Books, 2008). Science & Society. 76(3) July 2012, p. 414-6.

2.      Zombie Economics: How Dead Ideas Still Walk Among Us, by John Quiggin. (Princeton U.P. 2010) Science & Society, forthcoming.

3.      Beyond the World Bank Agenda: An Institutional Approach to Development, by Howard Stein. (University of Chicago Press 2008), Review of Radical Political Economics, 42(4) Fall 2010, pp. 552-4.

4.      The Great Financial Crisis: Causes and Consequences, by John Bellamy Foster and Fred Magdoff. (Monthly Review Press, 2008.) Science & Society, 74(2) April 2010, pp. 259-61.

5.      Do Economists Make Markets? On the Performativity of Economics, by Donald MacKenzie, Fabian Muniesa, and Lucia Siu, eds. (Princeton U.P. 2007) , Science & Society. 72(4) October 2008, pp. 504-7.

6.      Transcending the Economy: On the Potential of Passionate Labor and the Wastes of the Market, by Michael Perelman (New York: St. Martin’s, 2000), Historical Materialism: Research in Critical Marxist Theory, 13(2) 2005, 269-74.

7.      After Capitalism, by David Schweikert (Lanham, UK: Rowan & Littlefield, 2002), Science & Society, 69(2), April 2005, pp. 253-5.

8.      Contours of Descent: U.S. Economic Fractures and the Landscape of Global Austerity by Robert Pollin (London & New York: Verso, 2003), Review of Social Economy, 63(2) June 2005, pp. 299-301.

9.      Economics as Evolutionary Science: From Utility to Fitness by Arthur Gandolfi, Anna Sachko Gandolfi, and David P. Barash. (New Brunswick, N.J.: Transaction Publ.: 2002), Science & Society, 68(4), Winter 2004/2005, pg. 523-5.

10.  Inspiring Economics: Human Motivation in Political Economy. by Bruno S. Frey (Cheltenham, UK: Edward Elgar, 2001), Science & Society, 68(1) Spring 2004; pp. 113-5.

11.  The Natural Instability of Markets: Expectations, Increasing Returns, and the Collapse of Capitalism, by Michael Perelman (New York: St. Martin's Press, 1999), Journal of Economic Behavior and Organization, 7 (2002): pp. 463-8.

12.  Breaking with the Enlightenment: The Twilight of History and the Rediscovery of Utopia, by Rajani Kannepalli Kanth (Atlantic Highlands, NJ: Humanities Press, 1997) Science & Society, 64(1) Spring 2000, 131-3.

Published Book Reviews and Review Essays, continued:

13.  Plenty of Nothing: The Downsizing of the American Dream and the Case for Structural Keynesianism, by Thomas I. Palley (Princeton U.P., 1998) Science & Society, 63(3) Fall 1999, 396-8.

14.  Blues for America: A Critique, A Lament, and Some Memories, by Douglas Dowd (Monthly Review Press, 1997). Science & Society, 63(1) Spring 1999, 125-27.

15.  Heterodox Economic Theories: True or False? edited by Fred Moseley (Edward Elgar, 1995), Journal of Economic Behavior and Organization, 33 1988: 303-7.

16.  The Economics of the Profit Rate: Competition, Crises and Historical Tendencies in Capitalism by Gérard Duménil and Dominique Lévy (Edward Elgar, 1993), Review of Radical Political Economics, 30(1) March 1998: 115-7.

17.  Lean and Mean: The Changing Landscape of Corporate Power in the Age of Flexibility, by Bennett Harrison (Basic Books, 1994). Monthly Review, 47(9) February 1996: 49-52.

18.  Peddling Prosperity: Economic Sense and Nonsense in the Age of Diminished Expectations by Paul Krugman (W.W. Norton, 1994), Review of Radical Political Economics, 28(1) March 1996: 119-21.

19.  Marx's Theory of Economic Crisis, by Simon Clarke (St. Martin's Press, 1994), Science & Society, 60(1) Spring 1996: pp. 122-6.

20.  Quantitative Marxism, edited by Paul Dunne (Polity Press, 1991), Review of Radical Political Economics, 27(2) June 1995: pp. 160-3.

21.  Faith and Credit: The World Bank's Secular Empire, by Susan George and Fabrizio Sabelli (Westview Press, 1994). Monthly Review. 47(4), September 1995: pp. 54-6.

22.  From Global Capitalism to Economic Justice: An Inquiry into the Elimination of Systemic Poverty, Violence and Environmental Destruction in the World Economy, by Arjun Makhijani, (the Apex Press and the Council of International and Public Affairs, 1992), Monthly Review, 46(9), February 1995: 54-7.

23.  A History of Marxian Economics: Volume II, 1929-1990, by M.C. Howard and J.E.King (Princeton U.P., 1989), Science and Society, 58(1) Spring 1994: pp. 106-8.

24.  The Falling Rate of Profit in the Postwar United States Economy, by Fred Moseley (St. Martin's Press, 1992), Review of Social Economy, 51(2) Fall 1993, pp. 387-93.

25.  Beyond Capital: Marx's Political Economy of the Working Class, by Michael A. Lebowitz (St. Martin's Press, 1992), Monthly Review, 44(10), March, 1993: pp. 57-61.

26.  A History of Marxian Economics: Volume I, 1883-1929, by M.C. Howard and J.E.King (Princeton U.P., 1992), Science and Society, 55(4) Winter 1991-92: pp. 489-91.

27.  Lessons from the Great Depression: The Lionel Robbins Lectures for 1989, by Peter Temin (MIT Press), Review of Radical Political Economics, 22(4), Winter, 1990: pp. 150-6.

28.  The Great Depression: Delayed Recovery and Economic Change in America, 1929-1939, by Michael A. Bernstein (Cambridge U.P., 1987), Science and Society, 53(4), Winter 1989/90: pp. 485-6.

29.  Understanding Capital: Marx's Economic Theory, by Duncan K. Foley (Harvard U.P., 1986), Science and Society, 52(1), Spring 1988: pp. 124-126.

30.  Capitalism and Democracy, by Samuel Bowles and Herbert Gintis (Basic Books, 1986), Science and Society, 51(3), Fall 1987: pp. 362-364.

31.  The Second Industrial Divide, by Michael Piore and Charles Sabel (Basic Books, 1984), Contemporary Sociology, 15(3), May 1986: pp. 359-361.

Published Book Reviews and Review Essays, continued:

32.  Understanding Capitalism, by Samuel Bowles and Richard Edwards (Harper & Row, 1985), Review of Radical Political Economics, 17(4), Winter 1985/86: pp. 128-131.

33.  Beyond the Wasteland, by Samuel Bowles, David Gordon, and Thomas Weisskopf (Anchor Books, 1983), Science and Society, 48(2), Summer 1984: pp. 224-229.

34.  The Emergence of Classes in Algeria: A Study of Colonialism and Socio-Political Change (Westview Press, 1976), by Marnia Lazreg, Review of Radical Political Economics, 12(1), Spring 1980: pp. 64-67.

35.  Allende's Chile: An Insider's View, by Edward Boorstein (International Publishers, 1977), Review of Radical Political Economics, 9(4), Winter 1977: 99 (a book note).

Published Notes And Replies:

1.      “Walrasian Marxism Once Again: A reply to John Roemer,” co-authored with Gary Dymski (then of the University of Southern California), Economics and Philosophy, 8(1), April 1992: pp. 157-62.

2.      “Sherman on Crises: A Comment,” Science and Society, 54(1), Spring 1990: pp. 81-85 (an invited comment).

3.      “Swings and Stages: Comments on McDonough's Assessment,” Research and Society, no. 1, 1988: pp. 33-38 (an invited comment).

4.       “The Microeconomics of Conflict Under Capitalism: Reply to Watts,” co-authored by Michael Reich (of UC-Berkeley), Review of Radical Political Economics, 15(2), Summer 1983: pp. 133-5.

Invited Papers Presented:

1.       “Un Visión Actual sobre las Teorías Marxistas de las Crisis” (5 lectures on Marxian Crisis Theory), at la Universidad Autónoma Metropolitana-Xochimilco, sponsored by la Universidad Nacional Autónoma de México (UNAM), in Mexico City, August 1994.

2.       “Against Determinism and Indeterminism: 'Mechanisms' and 'the Motor' in Historical Materialism,” at the Association for Economic and Social Analysis conference at the University of Massachusetts, Amherst, on November 14, 1992.

3.      “The Causes of the 1929-33 Great Collapse: A Marxian Interpretation,” at the Delta Marsh seminar, University of Manitoba, October 25, 1991 and also at the “New Urban and Regional Hierarchy” conference at the University of California-Los Angeles, February 3, 1992.

4.      “Roemer's 'General' Theory of Exploitation is a Special Case: The Limits of Walrasian Marxism,” co-author: Gary Dymski (of the University of Southern California) at the University of California at Berkeley, in October 1989.

5.      “'Indwellings' and Ideologies: the Liberal and Marxian Paradigms in Economics,” at the 5th World Congress of Social Economics in York, U.K., in August 1988.

Popular Articles:

1.     “Keynesian Economics” in the Encyclopedia of American Government and Civics (Michael A. Genovese and Lori Cox Han, eds., Facts on File 2009), vol. III, pp. 825-28

2.     “Supply-Side Economics” in the Encyclopedia of American Government and Civics, vol. III  (see above), pp. 857-60.

3.     “the Public Debt” in the Encyclopedia of American Government and Civics, vol. III  (see above), pp.840-43.

Popular Articles, continued:

4.     “The Asperger Chronicles,” in Our Journey Through High Functioning Autism & Asperger Syndrome: A Roadmap, Linda Andron, ed. London and Philadelphia: Jessica Kingsley Publishers, 2001: 117-131.

5.     “Faith, Science, and Humanism in the Future of the University,” a reaction to the 1997 President's Institute on Loyola Marymount University concerning “Tradition, Transformation, Transcendence,” to be published.

6.     “A Fool's Gold Age,” Dollars & Sense, #154, March 1990: 10-11; reprinted as “Fool's Gold: A Response to Victor Lippit” in Patricia Horn et al., eds., Real World Macro, 7th ed. Sommerville, MA: Economic Affairs Bureau, 1990: pp. 76-77.

7.     “The Economics of Military Spending,” The Guild Practitioner (of the National Lawyers Guild), 44(2), Spring 1987: pp. 45-49.

8.     “The Stagnation Crisis: Two Views,” Against the Current, 3(3), Winter 1985, pp. 32-34.

9.     “Karl Marx,” published in revised form in James Gwartney and Richard Stroup, Economics: Private and Public Choice, 3rd and some later editions, Academic Press, 1982.

10.  “The Structural Crisis of U.S. Capitalism,” Southwest Economy and Society, 6(1), Fall 1982: pp. 49-64.


1.     Moore/Flood Fellowship, 1974-1975.

2.     Haynes Foundation Summer Fellowship, 1982.

3.     Member, Editorial Board, Review of Radical Political Economics 1977-79, 1980-82, 1983-86, 1986-89.

4.     Editor of, and contributor to, the “Cycles, Waves, Crises, and Uneven Growth” section of the Encyclopedia of Political Economy. Routledge. 1995-7.