In the first of a new series of reports examining "Great Market Failures", the authors argue that market forces are preventing the development of a successful national football team and a balanced league structure. They argue that the problems of English football are structural. They call for the appointment of a football supremo to run the game, for a ban on mid-season transfers and for the axing of 4 teams from the Premiership.

Sociologists have been analysing the transition from the so-called Fordist model into another one named Toyotism. This process culminates in a return to a class structure before the socially reformed capitalism. Labour depreciates, and wage-earners tend to lose their social entitments. The state that used to be a counterveiling power to capital, now stands on the side of increasing class exploitation. The author argues that the left must seek the way by linking basis democracy to internationalisation.

Although it is not clear for all, western economics is in a crisis, seeking the way forward after a period when irrationalism prevailed. In a broader sense, the theoretical crisis began with the crisis of the real economy sixty years ago, and the last six decades have witnessed an interesting interplay between the political process and the development of economic theory. A new, and progressive tendency in economics cannot develop without addressing the problem of value.

The famous economist, member of the Academy of Sciences, and a well-known left-wing politician, died last year, leaving behind his comments on Janos Kornai's assessment of the economic reforms of the 1960s. He was an active participant of the reform process for three decades, and in this article he calls the new generations for a thorough study of the period and practice of reforms in Hungary.

A review of The Socialist System, a comprehensive work by the well-known Harvard economist Janos Kornai. The reviewer compares Kornai's theses to the findings of leading international historians, and draws some grave, but not entirely unexpected consequences.