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interests. Since Veblen’s era, the capitalist social provisioning process has evolved toward money manager capitalism in a … order to put the business enterprise in the context of money manager capitalism. …
Persistent link: https://www.econbiz.de/10011258335
Corporate social responsibility (CSR) is in vogue in recent times. It has been widely received by socially concerned people in business, academia, and NGOs that CSR would lend support to the improvement in social welfare and the protection of environment. However, the question that whether...
Persistent link: https://www.econbiz.de/10009386700
The business enterprise in the real world wrestles with fundamental uncertainty and instability. Key enterprise decisions such as pricing, financing, and investment are thus made strategically rather than optimally. Heterodox economists are, however, divided in the account of business...
Persistent link: https://www.econbiz.de/10011110282
This paper examines how the development of railroads in the region established enduring ties with financiers on the East coast and Europe, and how these ties facilitated the exercise of power for certain individuals central in their respective social networks. These men of railroads and finance...
Persistent link: https://www.econbiz.de/10011112948
In this introduction we highlight Frederic Lee’s contributions to heterodox economics in terms of theory and community, which should be acknowledged and, more importantly, carried on by those who are concerned with the advancement of heterodox economics as an alternative critical theory to the...
Persistent link: https://www.econbiz.de/10011191498
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
implications are (b) the emergence of a new social formation that may be called World Market Capitalism, which has a vastly …
Persistent link: https://www.econbiz.de/10008596380