The Political Economy of Progress goes on to claim that Mill's radical political economy anticipated more than a little of Marx's analysis of capitalism and laid a foundation for the work of Fabians and other gradualist radicals in the 20th century.
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Joseph Persky is Professor of Economics at the University of Illinois at Chicago. Professor Persky's work takes distributional questions as central to both history and current policy. His articles have appeared in a number of journals, including the American Economics Association's Journal of Economic Perspectives, where he is the informal editor of the Retrospectives feature. He is the author of The Burden of Dependency, an exploration of the history of economic thought in the Southern U.S. He is a co-author of When Corporations Leave Town, and Does "Trickle Down " Work?, both concerned with distributional implications of metropolitan economic development strategies. Persky's politics slant to the labor left.
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