"Separation of ownership and control" is a phrase whose history will forever be associated with Adolf A. Berle and Gardiner C. Means' The Modern Corporation and Private Property (1932), as well as with Institutionalist economics, Legal Realism, and the New Deal. Within that milieu the large...

This paper considers conditions of optimality in a co-optive strategy of colonial rule. It proposes a simple model of elite formation emanating from a coloniser's quest to maximise extracted rents from its colonies. The results suggest multiple optimal solutions, depending on the specification...

From the standpoint of policies, the different branches of economics may be aggregated into two categories: dirigiste and laissez fairist. Dirigiste theories in economics have been based primarily on the complexity of commodities: this allows commodities to be ranked according to the...

The issues related to the effects that arose as a result of economic sanctions against Russia due to the start and large-scale deployment of Russia’s war against Ukraine are analyzed in the paper. It is obvious that the scale of these economic sanctions actualizes the issue of studying their...

This article examines how The wealth of nations (1776) was transformed into an amorphous text regarding the imperial question throughout the late nineteenth and early twentieth century. Adam Smith had left behind an ambiguous legacy on the subject of empire: a legacy that left long-term effects...

Investment arbitration was originally developed primarily to protect investors from wealthy developed countries against arbitrary expropriations by governments in developing countries. However, over time, it has taken on a very broad dynamic and is nowadays often used to limit regulatory...

Critical scholarship views corporate accumulation – a fundamental driver of capitalism – as inherently dispossessive, involving violence and expropriation. However, dispossession also involves practices of legitimation that are related to coercive violence in complex ways. We examine the...

The central thesis of the essay is that a successful process of national capitalist development in a world market characterized by the existence of multiple national currencies and divided in the hegemonic developed countries of the First World and the underdeveloped dependent countries of the...

The main argument of the essay is that a succesfull process of national capitalist development in a world market characterized by the existence of multiple national monies and divided in the hegemonic developed countries of the First World and the underdeveloped dependent countries of the Third...

Postcolonial theory has not yet made an impact in economics. This may be explained by the different treatment of culture in each field. In postcolonial theory, culture serves as a central analytical category. In economics, despite increased attention in recent history, general approaches to...