IOSR Journal Of Humanities And Social Science (IOSR-JHSS)
... It must be acknowledged at this particular juncture, that critics often conflict globalization process driven by the micro-electronic revolution with neo-liberal economic and social policies implemented by the economic and political elite from dominant states and multinational organization (Hirst an ...
... It must be acknowledged at this particular juncture, that critics often conflict globalization process driven by the micro-electronic revolution with neo-liberal economic and social policies implemented by the economic and political elite from dominant states and multinational organization (Hirst an ...
Crisis and `law of motion` in economics: a critique of positivist Marxism
... concepts were integral to the emancipatory political economy of Karl Marx. They have been lost, I will argue, to mainstream political economy and also to Marxism, which is, with great irony, cast as the originator of the opposed notion of mechanical or fatalistic determination. This is the result ...
... concepts were integral to the emancipatory political economy of Karl Marx. They have been lost, I will argue, to mainstream political economy and also to Marxism, which is, with great irony, cast as the originator of the opposed notion of mechanical or fatalistic determination. This is the result ...
Dumenil Neoliberalism
... eagerness of upper classes to restore and increase their income and wealth after decades of comparative setback. In a broad context of deregulation, the 1980s were a period of unchecked progress of financialization and globalization, in particular financial globalization. A lot has been written conc ...
... eagerness of upper classes to restore and increase their income and wealth after decades of comparative setback. In a broad context of deregulation, the 1980s were a period of unchecked progress of financialization and globalization, in particular financial globalization. A lot has been written conc ...
Creorder - Panoeconomicus
... theory of capital makes it possible for authors to rethink and redefine the whole economic discourse. They are convinced that there are crucial problems left unexplained and unaddressed in orthodox theory of capital (As we see later, the capital is not treated adequately in the Marxist camp, either. ...
... theory of capital makes it possible for authors to rethink and redefine the whole economic discourse. They are convinced that there are crucial problems left unexplained and unaddressed in orthodox theory of capital (As we see later, the capital is not treated adequately in the Marxist camp, either. ...
Global Politics, Capitalism, Socio-Ecological Crisis, and Resistance
... food activist movements particularly, are already convinced the second should be founded (rightly in the view of this paper) in a new ‘post-developmental’ set of social and socio-natural relations drawing on principles derived from agroecology and food/land sovereignty. But, this paper will argue, t ...
... food activist movements particularly, are already convinced the second should be founded (rightly in the view of this paper) in a new ‘post-developmental’ set of social and socio-natural relations drawing on principles derived from agroecology and food/land sovereignty. But, this paper will argue, t ...
1. The process of capital accumulation can be conceptually envisaged as... two distinct and alternative ways. I shall call the first...
... State activism in matters of employment, stands so much to gain from it (at least until a level of employment is reached where the workers get "out of hand"). There is however a powerful additional factor which also contributes to deflationism. Let us now turn to it. A capitalist economy cannot func ...
... State activism in matters of employment, stands so much to gain from it (at least until a level of employment is reached where the workers get "out of hand"). There is however a powerful additional factor which also contributes to deflationism. Let us now turn to it. A capitalist economy cannot func ...
the economics of the new phase of imperialism
... this medium. Its de jure stability used to be assured, but not any longer, by linking it to gold which has historically been the most favoured medium of wealth holding; but its de facto stability is assured, whether now or earlier, by ensuring inter alia that commodity prices do not rise inordinatel ...
... this medium. Its de jure stability used to be assured, but not any longer, by linking it to gold which has historically been the most favoured medium of wealth holding; but its de facto stability is assured, whether now or earlier, by ensuring inter alia that commodity prices do not rise inordinatel ...
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... (Insert: an interesting piece of information came out recently- article in the National Post- that affirms Friedman’s discovery on saving- that as some people get wealthier they tend to save more while as the rest of the population gets wealthier they continue to consume. This report dealt with inco ...
... (Insert: an interesting piece of information came out recently- article in the National Post- that affirms Friedman’s discovery on saving- that as some people get wealthier they tend to save more while as the rest of the population gets wealthier they continue to consume. This report dealt with inco ...
Fall 2015 Syllabus - Henry George School of Social Science
... The present course, Advanced Political Economy II is actually the first of the two-semester sequence, focused on a classical approach to microeconomics: the theory of consumer behavior and the theory of the firm. It will begin with a survey of the structure and dynamics of the center countries. The ...
... The present course, Advanced Political Economy II is actually the first of the two-semester sequence, focused on a classical approach to microeconomics: the theory of consumer behavior and the theory of the firm. It will begin with a survey of the structure and dynamics of the center countries. The ...
Neoliberalism, Globalization, Financialization
... took office. Despite the Clinton campaign=s promise of Aputting people before profit@ and its call for programs reminiscent of the 1960s, after taking office President Clinton presided over the termination of one of the major New Deal social programs, Aid to Families with Dependent Children, as well ...
... took office. Despite the Clinton campaign=s promise of Aputting people before profit@ and its call for programs reminiscent of the 1960s, after taking office President Clinton presided over the termination of one of the major New Deal social programs, Aid to Families with Dependent Children, as well ...
A history of South African capitalism in national and global perspective
... national monopoly currency (legal tender managed by a central bank). National capitalism was never the only active principle in world political economy: regional federations, empires and globalization are at least as old or much older. Its origins lay in a series of linked revolutions of the 1860s a ...
... national monopoly currency (legal tender managed by a central bank). National capitalism was never the only active principle in world political economy: regional federations, empires and globalization are at least as old or much older. Its origins lay in a series of linked revolutions of the 1860s a ...
Advanced Capitalism and Backward Socialism
... The starting point has to be the change in unemployment levels from being the endemic condition of the working class to the levels of low and sometimes vanishing unemployment which have characterised post-war Britain and indeed the economies of most advanced capitalist countries. The pressures for c ...
... The starting point has to be the change in unemployment levels from being the endemic condition of the working class to the levels of low and sometimes vanishing unemployment which have characterised post-war Britain and indeed the economies of most advanced capitalist countries. The pressures for c ...
Ingo Schmidt Rosa Luxemburg`s `Accumulation of Capital`: New
... seeking cooptation by the capitalist state or fighting against it and the economic system that it represents. Writing in a prison cell during World War I, she labelled this choice as one between ‘socialism or barbarism’ (Luxemburg 1916). ...
... seeking cooptation by the capitalist state or fighting against it and the economic system that it represents. Writing in a prison cell during World War I, she labelled this choice as one between ‘socialism or barbarism’ (Luxemburg 1916). ...
Social Theory and the Transformation of Capitalism in the Twentieth
... development in the twentieth century: Schumpeter, Veblen, Trotsky, Luxemburg, Keynes, Rostow, Gerschenkron, Chandler, Galbraith, and Schonfield. Each of these thinkers, while differing amongst themselves on a broad array of issues of theory, shared in common the view that there was an epochally spec ...
... development in the twentieth century: Schumpeter, Veblen, Trotsky, Luxemburg, Keynes, Rostow, Gerschenkron, Chandler, Galbraith, and Schonfield. Each of these thinkers, while differing amongst themselves on a broad array of issues of theory, shared in common the view that there was an epochally spec ...
Rethinking Capitalism from a Geographical Perspective
... Anglophone research in economic geography can be characterized by two separate, contested paradigms: Geographical economics (building on the work of the economists Krugman, Venables and Fujita), and geographical political economy (prevalent within geography). Elaborating on the latter, this paper ex ...
... Anglophone research in economic geography can be characterized by two separate, contested paradigms: Geographical economics (building on the work of the economists Krugman, Venables and Fujita), and geographical political economy (prevalent within geography). Elaborating on the latter, this paper ex ...
Marxism, Crisis Theory and the Crisis of the Early 21st Century
... operating in any particular analytical exercise). The first is the general abstract level, "more or less applicable to all forms of society." The second level is of the categories "which go to make up the inner organization of bourgeois society" (landed property, circulation and credit, the three g ...
... operating in any particular analytical exercise). The first is the general abstract level, "more or less applicable to all forms of society." The second level is of the categories "which go to make up the inner organization of bourgeois society" (landed property, circulation and credit, the three g ...
ENLARGING THE VARIETIES OF CAPITALISM The
... seen from the traditional VOC perspective, bastard or hybrid varieties of capitalism that combine features of both models should lead to suboptimal outcomes if compared to a coherent variety.12 We argue that these different and contradictory inferences are partly explained by a somewhat premature, m ...
... seen from the traditional VOC perspective, bastard or hybrid varieties of capitalism that combine features of both models should lead to suboptimal outcomes if compared to a coherent variety.12 We argue that these different and contradictory inferences are partly explained by a somewhat premature, m ...
The Rise and Fall of Radical Political Economy in the United States
... always recognised the need to fight against all forms of oppression. For example, many though far from all of the leaders of the fight against racism both after and before WWII were part of the OL or strongly influenced by it. But the OL at the same time argued that class oppression played a special ...
... always recognised the need to fight against all forms of oppression. For example, many though far from all of the leaders of the fight against racism both after and before WWII were part of the OL or strongly influenced by it. But the OL at the same time argued that class oppression played a special ...
Economy: The Author`s Self-Evaluation
... In rereading the writings of those times, my purpose was not to discover which authors are cited. It was more to read between the lines to determine which ideas inspired the visions. I realize that I am treading on uncertain ground and could offer an inaccurate interpretation. Nonetheless, I will tr ...
... In rereading the writings of those times, my purpose was not to discover which authors are cited. It was more to read between the lines to determine which ideas inspired the visions. I realize that I am treading on uncertain ground and could offer an inaccurate interpretation. Nonetheless, I will tr ...
M3511 - BELLOFIORE 9780857938527 PRINT.indd
... which puts the US dollar at centre stage in international transactions. International payments have become provisional, as settlements for any foreign transactions are carried out using so-called key currencies, which are, in fact, simply promises of payment. Rossi shows that the international econo ...
... which puts the US dollar at centre stage in international transactions. International payments have become provisional, as settlements for any foreign transactions are carried out using so-called key currencies, which are, in fact, simply promises of payment. Rossi shows that the international econo ...
Is capitalism compatible with democracy? Wolfgang Merkel
... it is a fundamental rule of liberal democracy that the reach of political decisions has to be limited: by securing basic rights (among them the right to private property since the time of John Locke and the Enlightenment), through constitutions and the rule of law, and not least through the recognit ...
... it is a fundamental rule of liberal democracy that the reach of political decisions has to be limited: by securing basic rights (among them the right to private property since the time of John Locke and the Enlightenment), through constitutions and the rule of law, and not least through the recognit ...
the Accumulation Process in the Period of Globalisation
... turning point in the history of capitalism, further increase in supplies of agricultural commodities required essentially the adoption of land-augmenting technological progress in densely-populated areas of settled peasant agriculture. Capital did not directly have access to land in these areas; and ...
... turning point in the history of capitalism, further increase in supplies of agricultural commodities required essentially the adoption of land-augmenting technological progress in densely-populated areas of settled peasant agriculture. Capital did not directly have access to land in these areas; and ...
Understanding imperialism part one
... that led to the contradiction between the requirements of the productive forces, (because they aimed to develop at the level of the world economy) and the nation state, led to the increasing combination of the inter-action of capitalist and territorial logics. This development resulted in the dynam ...
... that led to the contradiction between the requirements of the productive forces, (because they aimed to develop at the level of the world economy) and the nation state, led to the increasing combination of the inter-action of capitalist and territorial logics. This development resulted in the dynam ...
State capitalism
State capitalism is usually described as an economic system in which commercial (i.e. for-profit) economic activity is undertaken by the state, where the means of production are organized and managed as business enterprises, including the processes of capital accumulation, wage labor, and centralized management. This designation applies to economies regardless of the political aims of the state, even if the state is nominally socialist. State capitalism is characterized by the dominance of state-owned business enterprises, corporatized government agencies (agencies organized along business management practices), and states that own controlling shares of publicly listed corporations. The term is also often used to describe the economic systems of socialist states, and many socialists argue that the Soviet Union either did not transcend capitalism, or as a criticism of its political system, argue that it could not achieve socialism but rather established state capitalism.State capitalism has also come to refer to an economic system where the means of production are owned privately but the state has considerable control over the allocation of credit and investment, as in the case of France during the period of dirigisme. Alternatively, state capitalism may be used (sometimes interchangeably with state monopoly capitalism) to describe a system where the state intervenes in the economy to protect and advance the interests of large-scale businesses. This practice is often claimed to be in contrast with the ideals of both socialism and laissez-faire capitalism.There are various theories and critiques of state capitalism, some of which have existed before the 1917 October Revolution. The common themes among them are to identify that the workers do not meaningfully control the means of production and that commodity relations and production for profit still occur within state capitalism. Vladimir Lenin notably described the economy of Russia as state capitalism. Libertarian socialists, such as Noam Chomsky, use the term ""state capitalism"" to refer to economies that are nominally capitalist, such that the decisive research and development is performed by the public sector at public cost, but private owners reap the profits.Marxist literature typically defines state capitalism as a social system combining capitalism—the wage system of producing and appropriating surplus value—with ownership or control by a state. By that definition, a state capitalist country is one where the government controls the economy and essentially acts like a single huge corporation, extracting the surplus value from the workforce in order to invest it in further production. Friedrich Engels, in Socialism: Utopian and Scientific, argued that state ownership does not do away with capitalism by itself, but rather would be the final stage of capitalism, consisting of ownership and management of large-scale production and communication by the bourgeois state. He argued that the tools for ending capitalism are found in state capitalism.Some use the term to refer to capitalist economies where the state provides substantial public services and regulation of business activity. This could refer to several ideologies, ranging from social liberalism and social democracy to fascism. The term is also used by some in reference to a private capitalist economy controlled by a state, often meaning a privately owned economy that is subject to statist economic planning. In the 1930s, Italian Fascist leader Benito Mussolini said that were fascism to conform itself to modern capitalism, it would end up as being ""state socialism turned on its head"". This term was often used to describe the controlled economies of the Great Powers in the First World War.