Douglas F.Dowd
Born, San Francisco, CA, Dec. 7, 1919

B.A., Economics and Philosophy, Feb. 1948; Ph.D., Economics, Feb.,1951. University of California, Berkeley. (UCB).
Professional Experience:
Research Asst., 1948-49, Teaching Assistant, 1949-50,
Lecturer, 1950-53, Dept. of Economics and School of Business Administration, UCB.
Assistant Professor, Cornell University, 1953-57; Associate Professor, 1957-64; Professor, 1964-71. Chair, Dept. of Economics, 1965-66.
Guggenheim Fellow, 1958-59.
Visiting Professor of Economics, UCB, Summer 1964.
Fulbright Professor, Johns Hopkins Univ. School of Advanced International Studies, Bologna Center, Italy, 1966-67 (JHU-Italy).
Visiting Professor of Economics, UCB, Winter, Spring, Summer Quarters, 1971.
Development Team and Visiting Professor, Antioch College West, San Francisco, Summer & Fall, 1971.
Resigned, Cornell University, November, 1971.
Distinguished Visiting Professor of Economics, San Jose State University, Spring, 1972.
Visiting Professor of Economics, San Jose State and San Francisco State Universities, 1972-73.
Visiting Professor of Economics and Fellow of Merrill College, Univ. of California, Santa Cruz, 1973-74, and Winter and Spring quarters, 1976. (UCSC)
Visiting Professor UCB, Summer, 1975.
Visiting Professor San Jose State Univ., 1973-76; Professor, 1976-1992 (retired, 1992).
Visiting Professor in History of Consciousness, UCSC, 1977-78.
Professorial Lecturer in International Economics, JHU-Italy, fall semesters, 1986-1995.
Courses taught:
Introductory economics; intermediate macro/micro theory; U.S. Economic History; U.S. Economic History in the 20th Century; Modern European Economic History; The Seventeenth Century; History of Economic Theory; Urban Economics; Marx, Veblen, and U.S. Capitalism; Economic Development; World Economic History in the 19th Century; International Economics; Social Issues and the Economy.
Scholarly Activities:


1. Books
Capitalism and its Economics: A Critical History (Pluto Press, 2000).
Against the Conventional Wisdom: A Primer for Current Economic Controversies and Proposals (Westview/HarperCollins, 1997).
Blues for "America": A Critique, A Lament and Some Memories, 1919-1997 (New York: Monthly Review Press, 1997).
U.S. Capitalist Development Since 1776: Of, By, and For Which People? (Armonk, N.Y.: M. E. Sharpe, Inc., 1993)
The Waste of Nations: Dysfunction in the World Economy (Boulder: Westview Press, 1989)
The Twisted Dream: Capitalist Development in the United States Since 1776 (Cambridge, MA: Winthrop Publishers, 1977; revision of the first edition, 1974)
Storia del Capitalismo Americano dal 1776 (Milan: Mazzotta, 1976). Italian translation of first edition of The Twisted Dream.
Editor and contributor, America's Role in the World Economy (Boston: Heath & Company, 1966)
With Mary Nichols, Step by Step (New York: W.W. Norton & Co., 1965)
Thorstein Veblen (New York: Washington Square Press, 1964) (Republished by Transaction Publishers, New Jersey, 2000.)
Modern Economic Problems in Historical Perspective (Boston: Heath & Company, 1965; revision of the first edition, 1962)
Editor and contributor, Thorstein Veblen: A Critical Reappraisal (Ithaca: Cornell University Press, 1958) (Reissued by Greenwood Press, 1982)
2. Articles
"Introduction," for Robert A. Brady," Business as a System of Power (Republished by Transaction Publishers, 2001; first published Columbia Univ. Press, 1943)
"The Virtues of Their Defects and the Defects of their Virtues: Reflections on John Kenneth Galbraith and Thorstein Veblen," in
Michael Keaney (ed.) Economist with a Public Purpose: Essays in Honor of John Kenneth Galbraith (Routledge, 2001)
"Against Decadence: The Work of Robert A. Brady (1901-63) Journal of Economic Issues, Vol. XXVIII, No. 4, December, 1994.
"Militarized Economy, Brutalized Society," Economic Forum, Summer, 1982
"Marxism for the Few; or, Let 'Em Eat Theory," Monthly Review, April, 1982 Review Essay on Manuel Castells, The Economic Crisis and American Society, in Contemporary Sociology, July, 1981
"Making History from the Left," Maryland Historian (Univ. of Maryland Press), Spring, 1981
"Continuity, Change, and Tension in Global Capitalism," in B.H. Kaplan (ed.), Social Change in the Capitalist World Economy (Los Angeles/London: Sage Publications, 1978)
"Consciousness, Character, and Capitalist Development," Intermountain Economic Review, Fall, 1978
"Introduction," in new edition of Thorstein Veblen, The Theory of Business Enterprise (Rutgers, N.J.: Transaction Books, 1978)
"Stagflation and the Political Economy of Decadent Monopoly Capitalism," Rivista Internazionale di Scienze Economiche e Commerciali, Fall, 1976. (Simultaneously published in Monthly Review, October, 1976)
"Social Commitment and Social Analysis: The Contribution of Paul Baran," Politics and Society, Fall, 1975
"Accumulation and Crisis, 1919-29 and 1955-75," Socialist Review, June, 1975
"Developing Nations Must Look to Themselves," Savings Bank International, March 1975.
"Power and Economic Development: The Rise and Decline of Medieval Bologna," Journal of European Economic History, Fall, 1974
"Robert Owen," in Encylopaedia Britannica (15th ed.), 1974
"Structural Instability in the American Economy,Transaction ,1974
"Idol with Feet of Clay: Galbraith's Economics," in James Weaver (ed.), Modern Political Economy (Boston: Allyn & Bacon, 1973)
"The Strengths and Limitations of Resistance," in S. Halpert and T. Murray (eds.), Witness of the Berrigans (New York: Doubleday, 1972)
"Behind Your Frozen Wages," New American Movement, April, 1972
"An Exchange of Views on the Election, New Politics, Spring, 1972
"The State, Power, and Industrial Revolution, 1750-1914," a monograph published by Union for Radical Political Economics as Occasional Paper No. 4, Spring, 1971
"Watch Out: Prosperity is Just Around the Corner (Again)," Ramparts, November, 1971
"The Political Economy of War in Indochina," The Nation, June, 28, 1971
"Nixonomics and the World Economy," Ramparts, November, 1971
"Whose Academic Freedom?", in I.Wallerstein and P. Starr (eds.), The University Crisis Reader (New York: Vintage, 1971), Vol. 2
"The Twentieth Century Economic History of the United States," in Herbert J. Bass (ed.), The State of American History (Chicago: Quadrangle, 1970). Reprinted by Union for Radical Political Ecoomics as Occasional Paper No. 2
"Out of Control: The USA," Africasia, Fall, 1970
"A New Breed of People," Bill of Rights Journal, September, 1970
"What Must the University Be?", Bulletin of Concerned Asian Scholars, December, 1970. Reprinted in New York Times, Op-Ed Page, March 15, 1971.
"War and Recession," Hard Times, March 16-23, 1970
"Radical Guide to Economics," Liberation, November, 1970
"King Richard's Political Arithmetick," New Politics, Fall, 1970
"The Two Wars," Oberlin College Activist, January, 1970
"Education as Cooperative Inquiry," in David C. Nichols and Olive Mills (eds.), The Campus and the Racial Crisis (Washington, D.C.: American Council on Education, 1970)
"Faculty Contributions to Tension," in David C. Nichols (ed.), Perspectives on Campus Tensions (Washington, D.C.: American Council on Education, 1970)
"The CIA's Laotian Colony," in N.S. Adams and A.W. McCoy (eds.), Laos: War and Revolution (New York: Harper, 1970)
"Campus Disruptions and the Liberal Left," Monthly Review, September, 1969
"Cornell's Uptight Spring," New Politics, Winter, 1969
"Why Can't They Be More Like Us?", Bill of Rights Journal, December, 1968
"When Laws Should Not be Obeyed," Encounter, April, 1968
"Slavery as an Obstacle to Economic Growth," in Journal of Economic History, December, 1967. Reprinted in Hugh G. J. Aitken (ed.), Did Slavery Pay? (Boston: Houghton Mifflin, 1971), and as Bobbs-Merrill Reprint in Black Studies #BC-48 (1972).
"Some Issues of Economic Development and of Development Economics," Journal of Economic Issues, September, 1967. Reprinted as Reprint #10, Cornell University Studies in Comparative Economic Development.
"Thorstein Veblen," in Encyclopaedia of Philosophy (1967)
"The CIA and the USA," Bill of Rights Journal, Spring, 1967
"America Fouls Its Dream," The Nation, February 13, 1967
"Veblen, Mills, and the Decline of Criticism," Dissent, Winter, 1964. Reprinted in I.L. Horowitz (ed.), The New Sociology (New York: Oxford, 1964)
"The Campaign in Fayette Country," Monthly Review, April, 1964
"Second Thoughts on the Common Market," Yale Review, Winter, 1964
"Ideology and American Social Structure," New Politics, Winter, 1964
"The Economic Expansion of Lombardy, 1300-1500: A Study in Political Stimuli to Economic Change," Journal of Economic History, June, 1961 Chapters 1, 2, and 3 of Daniel Hamberg, Principles of a Growing Economy (New York: W.W. Norton & Co., 1961)
"Ideal and Ideology in Business," Challenge, January, 1959
"The White Collar Workers," Monthly Review, July-August, 1958. Reprinted in Bert Cochran (ed.), American Labor in Mid-Passage (New York: MR Press, 1958)
"The Economics of Slavery in the Ante-Bellum South: A Comment," Journal of Political Economy, October, 1958. Reprinted in Alfred H. Conrad and John R. Meyer, The Economics of Slavery (Chicago: Aldine, 1964), and in Hugh G. J. Aitken, Did Slavery Pay? (Boston: Houghton Mifflin, 1971).
"A Comparative Analysis of Economic Development in the American West and South," Journal of Economic History, December, 1956. Reprinted in Harry Scheiber (ed.), U.S. Economic History: Selected Readings (New York: Knopf, 1964), in Allan Bogue, T. D. Phillips, and James E. Wright (eds.), The West of the American People (Itasca: Peacock, 1970), in Harold D. Woodman (ed.), Slavery and the Southern Economy (New York: Harcourt, 1966), and as Bobbs-Merrill Reprint H-386, Series in Amrìerican History, 1972-73).
"Waiting for the Slump," The Nation, June 17, 1956
"Europe's Sick Economy," The Nation, July 16, 1956
"Economic Stagnation in Europe in the Interwar Period," Journal of Economic History, September, 1855
"Two-Thirds of the World," Antioch Review, Fall, 1953. Reprinted in Lyle Shannon (ed.), Underdeveloped Areas (New York: Harper, 1957).
"Economic Problems of the Underdeveloped Regions," Western Economic Association, Proceedings, 1951.
3. Book reviews
"Refuting the Big Lie" a review of Economics: A New Introduction, by Hugh Stretton (London: Pluto Press, 1999), Monthly Review, January, 2001.
"Horror Show, Inc.," a review of The Global Media: The New Missionaries of Corporate Capitalism, by Edward S. Herman and Robert W. McChesney (London and Washington: Cassell, 1997). Monthly Review, March, 1998.
"Invitation to a Feast," a review of Wall Street: How It Works and for Whom, by Doug Henwood (New York: Verso, 1997), Monthly Review, October, 1997).
"What About Keynes?" a review of Bastard Keynesianism: The Evolution of Economic Thinking and Policymaking since World War II, by Lynn Turgeon (Westport CN: Greenwood Press, 1996), Monthly Review, May, 1997.
"Take Me, I'm Yours," a review of The Triumph of the Market: Essays on Economics, Politics, and the Media, by Edward S. Herman (Boston: South End Press, 1995), Monthly Review, August, 1996.
"Orwell Cubed," a review of Beyond Hypocrisy: Decoding the News in An Age of Propaganda, by Edward S. Herman (Boston: South End Press, 1992), Monthly Review, February, 1993. Episcopal Power and Florentine Society, 1000-1320, by Goerge W. Dameron (Cambridge, MA: Harvard University Press, 1991), in Journal of Economic History, June, 1992. State and Capital in Mexico: Development Policy Since 1940, by James M. Cypher (Boulder: Westview Press, 1990), in Race and Class, July-September, 1991.
"Anything Goes," a review of The Dangerous Doctrine: National Security and U.S. Foreign Policy, by Saul Landau (Boulder: Westview Press, 1988), Monthly Review, November, 1988.
"The Heart of the Matter," a review of Corporate Control, Corporate Power, by Edward S. Herman (Cambridge: Cambridge University Press, 1981), Monthly Review, December, 1982.
"Capitalism With the Gloves Off," a review of Friendly Fascism: The New Face of Power in America, by Bertram Gross (New York: M. Evans & Company, Inc., 1980), Monthly Review, June, 1981.
"The ChPEC Papers," in Review (Journal of the Fernand Braudel Institute), IV, 3, Winter, 1981.
Harry Braverman, Labor and Monopoly Capital (1974), in Contemporary Sociology (Winter-Spring, 1976-77).
Samuel Hollander, The Economics of Adam Smith (1973), in Kyklos, Fall, 1974.
Herbert I. Schiller, Mass Communicatgions and American Empire (1971) and The Mind Managers (1973), in Monthly Review, September, 1974.
Lance E. Davis and Douglass C. North, Institutional Change and American Economic Growth (1971), in Journal of Developing Areas, Winter, 1973.
David McLellan, Marx Before Marxism (19780), in Journal of Economic Issues, Fall, l973
Michael Harrington, Socialism (1972), in The Village Voice, April 22, 1973.
Ernest Mandel, Europe vs. America: Contradictions of Imperialism (1970), in Journal of Economic Literature, Fall, 1972.
G. William Domhoff and Hoyt B. Ballard (eds.), C. Wright Mills and the Power Elite (1971), in Monthly Review, Winter, 1972.
Andreas G. Papandreou, Paternalistic Capitalism (1972), in Ramparts, December, 1972.
Cushing Strout and David Grossvogel (eds.), Divided We Stand (1970), in Science and Society, Fall, 1971.
Malcolm X, Autobiography (1966); Claude Brown, Manchild in the Promised Land (1965); Eldridge Cleaver, Soul on Ice (1968), Kenneth B. Clark, Dark Ghetto (1965); John Hershey, The Algiers Motel Incident (1968); Gilbert Osofsky, Harlem: The Making of a Chetto (1964); Floyd Barbour (ed.), The Black Power Revolt (1968); and Stokely Carmichael and Charles Hamilton, Black Power (1967), all reviewed in Readers' Report, of the Library of Cornell University, in 1968.
E. E. Rich and C. H. Wilson (eds.), The Cambridge Economic History of Europe, Vol. IV: The Economy of Expanding Europe in the Sixteenth and Seventeenth Centuries (1967), in American Economic Review, Fall, 1968.
W. Lloyd Warner, D. B. Unwalla, and J. H. Trimm (eds.), The Emergent American Society,Vol. I: Large-Scale Organization (1967), in Antitrust Bulletin, September, 1968.
Paul Baran and Paul Sweezy, Monopoly Capital (1966)), in Journal of Economic Issues, Spring, 1968.
John W. Baldwin and Kent Roberts Greenfield (eds.), Venice and History: The Collected Papers of Frederic C. Lane (1966), in Kyklos, Fall, 1967.
Eugene D. Genovese, The Political Economy of Slavery (1965), Monthly Review, April,1966.
Angelo Pagani, La formazione dell' imprenditorialità (1965), in Explorations in Economic History, Spring, 1966.
Jan Tinbergen, Central Planning (1964), in Administrative Science Quarterly, Winter, 1965.
Maurice Cowling, Mill and Liberalism (1963), in Kyklos, Fall, 1965.
John U. Nef, The Conquest of the Material World (1964), in Technology and Culture, Summer, 1965.
Carlo Poni, Gli aratri e l'economia agraria nel bolognese dal XVII al XIX secolo (1963), in ibid.
Broadus Mitchell, Alexander Hamilton (1962), in Journal of Political Economy, Winter, 1963.
Umberto Meoli, Il pensiero economico del Condillac (1961), in Kyklos, Fall, 196
William W. Ashworth, An Economic History of England, 1870-1939 (1961), in Science and Society, Summer, 1963.
David McClelland, The Achieving Society (1961), in Quarterly Review of Economics and Business, Spring, 1962.
Paul A. Baran, The Political Economy of Growth (1956), in Lawyers Guild Review, Fall, 1959.
A. J. Brown, The Great Inflation, 1939-1951 (1955), in Current Economic Comment, Fall, 1956.
George W. Stocking, Basing Point Pricing and Regional Development (1954), in Journal of Political Economy, Spring, 1956.
O. H. Taylor, Economics and Liberalism (1953) and John Kenneth Galbraith, The Great Crash (1954), in The Nation, Oct. 26, 1955.
E. Stuart Kirby, Introduction to the Economic History of China (1954), in American Economic Review, Spring, 1955
Neil W. Chamberlain, A General Theory of Economic Process (1954), Samuel Lubell, The Revolution in World Trade (1955), and N. Buchanan and Howard S. Ellis, Approaches to Economic Development (1954), in The Nation, Feb. 26, 1955.
Gregory Frumkin, Population Changes in Europe Since 1939 (1951), in Journal of the American Statistical Association, Fall, 1954.
4. Papers (delivered before professional and university meetings and governmental committes)
"Crisis and Change in the World Economy: Past and Present," Conference on Contemporary Economic Crises, COOP Emilia-Veneto and Comune di Bologna, Italy, September 25, 1986.
"Concentrated Social Power and the Warping of the Social Process," Annual Conference of the Association for Social Economics, San Francisco, CA, December 10, 1983.
"Consciousness, Character, and Capitalist Development," meetings of the American Sociological Association, San Francisco, September, 1978.
"Current Perspectives on Capitalist Crisis," Communications Conference, Stanford University, December 18, 1976
"Continuity and Change, Slack and Tension, and the U.S. Economy," Chico State University Distinguished Visiting Professor Program, November 17, 1976
"Profit and Social Responsibility," Department of Philosophy and School of Business Administration, Valdosta State College, Georgia, Ocotober 11, 1976
"Stagflation and the Political Economy of Decadent Monopoly Capitalism," Western Economic Association, San Francisco, June 6, 1976
"The Dynamics of Contemporary Capitalism," Department of Economics, Sonoma State University, CA, February 18, 1976.
"What's Good for Business," Graduate School of Business Administration, Univ. of California at Los Angeles, July 27, 1976
"Adam Smith and Modern Capitalism," conference of professors of philosophy, economics, and business of Columbia University and Catholic University of America, Washington, D.C., June 15, 1976.
"Economic Crisis and Political Conflict in the United States," before Faculty of Political and Social Sciences, Universidad Nacional Autonomia de Mexico, Mexico City, November 26, 1975.
"The Soulful Corporation," Conference of professors of business administration, Columbia University and Catholic University of America, Washington, D.C., August 7, 1975.
"Stagnation or Inflation or Both?", Simon Fraser University Faculty Economics Seminar, Vancouver, B.C., December 10, 1974.
"Accumulation and Crisis in the 1920s and Since World War II," Department of Economics, M.I.T., Cambridge, MA, November 22, 1974
"Social Commitment and Social Analysis," Stanford University, Spring, 1974.
"Political Environment or Environmental Politics?", before Environmental Engineering Sciences Seminar, Stanford University, May 2, 1973
"On Social Priorities," Statement before Joint Economic Committee of U.S. Congress on Economic Report of the President (Proxmire Committee), 1972. (Published in Congressional Hearings)
"What Must the University Be?", Conference of Concerned Asian Scholars, Southern Ilinois University, October 15, 1969.
"The Economic History of the United States in the Twentieth Century," Organization of American Historians, Philadelphia, September 12, 1969
"The Automobile Industry as Classic Monopolist in its Social Consequences," Statement before Senate Subcommittee on Monopoly (Nelson Committee), July 17, 1969, 91st Congress (published in Senate Hearings).
"Banking, Centralization of Power, and Democracy: Germany and the United States," Statement before House Committee on Currency and Banking (Patman Committee). 91st Congress, April 30, 1969 (published in Congressional Hearings).
"Power and Economic Development: The Case of Bologna in the Medieval Period," meetings of the Southern Economic Association, New Orleans, November 16, 1967
"Power and Economic History," Faculty Seminar in Economic History, University of Munster, April 15, 1967.
"American Economic Power, Technological Strength, and Investment in Europe," before Conference of Italian Industrial Economists, Naples, March 28, 1967.
"The Derelictions of High Finance and the Retardation of Economic Development for the Underdeveloped Countries," before Seminar of the Executive Management Group, Banco di Roma, Rome, February 26, 1967.
"North and South in the United States and in Italy: A Comparison," Meetings of Nord & Sud, Turin, February 5-6, 1967
"La scienza economica ed i problemi di sviluppo economico," before Seminar in Economic History, University of Pavia, January 6, 1967.
"Development of a New Approach to Teaching Introductory Social Sciences," before Conference on Educational Innovation, Tufts University (MA), Summer, 1965.
"The Impact of Corporate Economics on Engineering," before Conference of Engineers in an Industrial Society, Long Island, N.Y., October 22, 1960
"The Economics of Slavery in the Ante-bellum South," Economic History Association Meetings, Williams College (MA), September, 1957.
"A Comparative Analysis of Economic Development in the American West and South," Economic History Association Meetings, Urbana, Ill., Summer, 1956
"Economic Problems of the Underdeveloped Regions," Western Economic Association Meetings, San Francisco, December, 1951.
5. Commentaries (Monthly contributions to Z Magazine's online "Commentary Series". Dates refer to time written, not time posted.)
January, 2000: Social Security: From Scam to Scandal in 65 Years
February, 2000: The New Era of the 1920s and the New Economy of Today: Birds of a Feather?
March, 2000: The Great Brain Robbery
April, 2000: The Free Market: And All That Jazz
May, 2000: Capitalism and Technology: To Whose Benefit, At What Costs?
June, 2000: Neither a Borrower Nor a Lender Be
July, 2000: Rotting Away: The Political Economy of Corruption and Decadence
August, 2000: Inc.
September, 2000: What Do We Want? And Who Are "We"?
October, 2000: Guys and Dolls: Reflections of an Old Geezer
November, 2000: The Four Horsemen of the Apocalypse and Their New Henchmen
December, 2000: A Tale of Two Cities
December, 2000: Will Pudd'nhead Be the Dumbest, Most Dangerous U.S. President, Ever?