"Winner of the 2018 Paul M. Sweezy--Paul A. Baran Memorial Award for original work regarding the political economy of imperialism, 'Value Chains' examines the exploitation of labor in the Global South. Focusing on the issue of labor within global value chains, this book offers a deft empirical...

This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...