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James G. Devine - Loyola Marymount University. Los Angeles, CA, US

James G. Devine

Professor Emeritus of Economics | Loyola Marymount University


Bellarmine College of Liberal Arts





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Jim Devine is a Professor of Economics at Loyola Marymount University.

Education (2)

University of California, Berkeley: Ph.D., Economics 1980

Yale University: B.A., Economics 1974

Areas of Expertise (5)

U.S. Economic History

Political Economics

Labor Economics


Money and Banking

Affiliations (2)

  • American Economic Association
  • Union for Radical Political Economics

Event Appearances (1)

Objective Needs, Neediness,and Health: a Positive Analysis (the Buddhist version)

Association for Social Economics meetings of the Midwest Economics Association conference  Cincinnati, OH

Courses (3)

Introductory Ecomomics

ECON 1050

Intermediate Macroeconomics

ECON 3200

Money and Banking

ECON 3220

Articles (6)

Radical and Marxian Approaches to Labor Economics: Labor Markets, Labor Processes, and Exploitation

Models of Labor Markets

Bruce Kaufman, ed.

2020 Stanford University Press

Hidden Inflation An Estimate of the Cost of Living Inflation Rate

Capitalism: Radical Perspectives on Economic Theory and Policy


Despite seemingly low inflation in recent years and because of official recalculations of the inflation rate that reduce it even further, our measures of “inflation” underestimate the true increases in the cost of living. The official measures of inflation are market oriented, that is, ...

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The Rate of Profit's role in Capitalism

Loyola Marymount University


The ROP's double role. For simplicity, the wealth of possible data on recent events will be ignored. Following the Marxian tradition, I'm going to focus the rate of profit (ROP), explaining the role of its fall in causing the “Millennium Crisis.” There are two main threads...

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The Great Moderation and Falling Off a Cliff: Neo-Kaldorian Dynamics

Journal of Economic Behavior and Organization

May 2011 78(3) 366-373

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The ‘Natural’ Rate of Unemployment

A Guide to What's Wrong with Economics

Edward Fullbrook, ed.

London, UK: Anthem Press, 2004, pp. 126-132

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Psychological Autism, Institutional Autism, and Economics.

The Crisis in Economics: The Post-Autistic Economics Movement: the First 600 Days

Edward Fullbrook, ed.

pp. 212-20. London: Routledge, 2003. (Originally published in the Post-Autistic Economics Review, issue no. 16, September 16, 2002

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