When failure becomes success: Class and the debate over stabilization and adjustment
批评了当前关于稳定和调整的争论，提出阶级分析方法，并分析阿根廷、巴西和秘鲁的经验，指出正统和异端政策在就业、通胀和国际收支方面的失败，实际上通过加强剥削和资本主义阶级关系而成为成功。
This article criticizes the current debate over stabilization and adjustment and develops an alternative, class-analytic approach. First, the respective theories and policy recommendations of neoclassical and structuralist economist are analyzed. Then, the article considers the recent experiences of Argentina, Brazil, and Peru where orthodox and heterodox policies have been attempted and subsequently declared failures. Finally, it is shown that those failures with respect to employment, inflation, and the balance of payments become successes to the extent that they involve increasing exploitation and otherwise strengthening the class aspects of capitalism.