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In various writings Karl Marx made references to an ‘aristocracy of finance’ in Western Europe and the United States that dominated ownership of the public debt. Drawing on original research, this article offers the first comprehensive analysis of public debt ownership within the US...
Persistent link: https://www.econbiz.de/10011644649
In various writings Karl Marx made references to an ‘aristocracy of finance’ in Western Europe and the United States that dominated ownership of the public debt. Drawing on original research, this paper offers the first comprehensive analysis of the pattern of public debt ownership within...
Persistent link: https://www.econbiz.de/10011645090
Rethinking resistance, power and production.
Persistent link: https://www.econbiz.de/10011646057
Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an 'economic' entity that they count in universal units of ‘utils’ or 'abstract labour', respectively....
Persistent link: https://www.econbiz.de/10011646688
PREAMBLE BY PIOTR DUTKIEWICZ: In a unique two-pronged dovetailing discussion, frequent collaborators and coauthors Jonathan Nitzan and Shimshon Bichler discuss the nature of contemporary capitalism. Their central argument is that the dominant approaches to studying the market – liberalism and...
Persistent link: https://www.econbiz.de/10011646700
greater control over subordinates, I hypothesize, that explains the income and class of the very rich. I test this idea using … portion of their income. This suggests that among CEOs, both income size and income class relate to hierarchical power. I then … plausible. Using this model, I infer the relation between income size, income class, and hierarchical power among the US public …
Persistent link: https://www.econbiz.de/10012001846
previous 1958 birth cohort. We also analyse variations in returns by degree subject and by class of degree. Our analysis … substantially and (ii) evidence of differences in returns to a first degree according to subject area of study and class of degree …
Persistent link: https://www.econbiz.de/10010276766
of creditor-debtor relations that reproduce and further aggravate existing income and wealth inequalities. Class struggle … understanding of how debt, inequality and class relate to one another. At its basis is the recognition that over the past four … decades finance has empowered upper class borrowers, including the top 1 percent, as it has magnified their capacity to …
Persistent link: https://www.econbiz.de/10013093399
boundaries defining transnational cosmopolitan class consciousness. The results align more with the cultural than with the …
Persistent link: https://www.econbiz.de/10012671606
countries. We discuss many potential advantages of this class typology in measuring and analyzing wealth and wealth inequality …
Persistent link: https://www.econbiz.de/10013370140