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capitalism far more than Anglo-American capitalism, and that it is likely to remain this way for the foreseeable future. …
Persistent link: https://www.econbiz.de/10005835604
Why has capitalism prevailed as an institution in promoting economic growth despite its apparent unfairness? In this … paper, we argue that within a neoclassical framework, capitalism is fairer compared to collectivism due to the absence of a … capitalism at the aggregate level. Developing countries operating below the steady state may be better off cooperating as they …
Persistent link: https://www.econbiz.de/10005836115
The April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...
Persistent link: https://www.econbiz.de/10005836969
Within the context of the New Economic Sociology, Karl Polanyi is almost universally considered the “father” of the concept of embeddedness. However, this concept has been subject to selective appropriation by this discipline and its relationship to the remaining theoretical edifice...
Persistent link: https://www.econbiz.de/10011258003
A new theory of capitalism is suggested. Its key moments and general logic are presented. This theory is based on the … competition" are admitted to be a functional norm of capitalism. Respectively, an equilibrium and "perfect competition" are …
Persistent link: https://www.econbiz.de/10011258007
A new theory of capitalism is suggested. Its key moments and general logic are presented. This theory is based on the … competition" are admitted to be a functional norm of capitalism. Respectively, an equilibrium and "perfect competition" are …
Persistent link: https://www.econbiz.de/10011259286
"As we look over the country today we see two classes of people. The excessively rich and the abject poor, and between them is a gulf ever deepening, ever widening, and the ranks of the poor are continually being recruited from a third class, the well-to-do, which class is rapidly disappearing...
Persistent link: https://www.econbiz.de/10011260377
After the demise of “real” socialism and the decline of “western” socialism, socialism can be salvaged as a social preference system oriented towards equality and social justice, to be implemented without systemic constraints in the organizational and institutional sense. At the same...
Persistent link: https://www.econbiz.de/10011260991
commoditisation of labour power assuming the form of wage labour is specific to capitalism and the sole source of surplus value. This … paper, drawing from various strands of Marxian literature, argues that capitalism never existed in isolation in ‘pure’ and … signifies a confluence of separate processes, it overdetermines the existence and stability of capitalism by a complex …
Persistent link: https://www.econbiz.de/10009397157
This review of the book by Thomas Piketty, the capital in the XXI century, presents the central themes of the work and exposes its scope on the relationship between inequality and wealth. In particular a positive reflections on the progressive tax is added.
Persistent link: https://www.econbiz.de/10011115505