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Tag Archives: capital
Capital as power and class struggle explained by… Adam Smith?!
In any given society, there is no freedom of contract between capitalist and worker, whose interests are essentially opposite. The power of a landlord, a manufacturer, a merchant resides in his wealth, explaining the inherent subjection of laborers, which lack almost any … Continue reading
Democracy matters: the extension of the franchise and its impact on financial systems
For centuries, voting rights were limited to wealthy elites, aristocrats, and landlords. For instance, the electorate in England and Wales in 1780 consisted of less than 3% of the total population. Suffrage reforms, enacted during the late 19th and the 20th … Continue reading
International Political Economy scholars miss THE question of the 21st century: the rise of a global labor class living in poverty
In the recent years, more and more International Political Economy (IPE) scholars are dissatisfied with the current state of this field of research and desire to identify the ‘Big Questions’ of the 21st century. In this (open access) article, Benjamin … Continue reading
Posted in Papers
Tagged academia, capital, capitalism, class, development, global political economy, globalization, labor, Marxism, social sciences
1 Comment
History of Profit in the US: Corporations, Accounting and Capital
The case of The United Steel Workers of America v. The United States Steel Corporation (1980) concerned the closing of two steel mills in Ohio. The steelworkers claimed U.S. Steel had promised to keep the two mills open so long … Continue reading
Posted in Papers
Tagged accounting, capital, corporate governance, corporations, economic history, Economic Sociology, law, market evolution, profit, United States
1 Comment
18 focused interpretative digests of each chapter from Piketty’s “Capital in the 21st Century”
Read this impressive interpretative review of Thomas Piketty’s Capital in the Twenty-First Century – 18 focused posts devoted to each chapter from the book, carefully wrote by Adam David Morton (University of Sydney). Professor Morton clearly summarises each chapter in just a few … Continue reading
Posted in Books
Tagged capital, capitalism, economic history, growth, inequality, Political economy, state, taxation, Thomas Pikkety, wealth
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Noam Chomsky on neoliberal semantics: “working class” vs. “middle class”
“The business classes are very class-conscious—they’re constantly fighting a bitter class war to improve their power and diminish opposition. Occasionally this is recognized. We don’t use the term “working class” here [ in the U.S] because it’s a taboo term. … Continue reading
Posted in Books
Tagged capital, class, inequality, interest groups, Middle class, neoliberalism, Unions
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An interesting talk between David Graeber & Thomas Piketty on debt, capitalism, neoliberalism & inequality
Graeber: “Our feelings of helplessness stem from the fact that for thirty years the tools of persuasion and coercion have been mobilized to wage an ideological war for capitalism, rather than to create conditions for capitalism to remain viable. Neoliberalism … Continue reading
Analyzing continuity and change in the economy: a double movement between the public and the private meta-fields in society
An interesting (open access) paper “Public and Private: Change and Continuity in Economy through Two Meta-fields in Society” offers a structural general framework to analyse continuity and change in the economy based on the idea that there is a double movement … Continue reading
Posted in Papers
Tagged capital, comparative political economy, institutional change, institutional continuity, rights
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‘Capital’ in the University of Chicago bookstore.. Too bad it’s by the wrong author ;-)
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Piketty, Krugman & Stiglitz talk about Piketty’s ”Capital in the 21st Century”
I always say that economists’ duty for the wealthy is not ingrained in the genetic code of their profession. In general, I would say, these scholars embody this argument.
Posted in Video
Tagged capital, economics, inequality, Joseph Stiglitz, Paul Krugman, Thomas Pikkety
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“Inequality for All” – a documentary featuring Professor Robert Reich
Economic inequality affects every one of us. “Inequality for All” is a passionate argument on behalf of the poors and middle class in which Robert Reich- a political economist and Secretary of Labor under Bill Clinton lucidly demonstrates how the … Continue reading
Name and Shame: Columbia University fired two Public Intellectuals because they hadn’t brought in enough grants
This story should worry everyone who cares about democracy, society and wants academics to play a larger role in public debates. Anthropologists Carole Vance and Kim Hopper, longtime professors at Columbia University’s School of Public Health got fired without compensation after … Continue reading
Posted in Name and Shame, Oleg Komlik
Tagged academia, capital, democracy, neoliberalism, Public Intellectuals
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Capital Ideas: The IMF and the Rise of Financial Liberalization
Economic sociologists and political economists must not stop their research at the stage of analyzing the policy and its implications, but rather must go deeper and examine how decisions are made within governance bodies and policy making organizations on national and … Continue reading
Financial Centres and International Capital Flows in the 19th and 20th Centuries
As interest in financial markets intensifies, stimulated by the financial crisis of the early 21st century, Financial Centres and International Capital Flows in the Nineteenth and Twentieth Centuries, a new volume edited by Laure Quennouëlle-Corre and Youssef Cassis, brings together leading authorities in … Continue reading
Posted in Books
Tagged Argentina, banking system, capital, economic history, financial centres, France, London, markets, New York, politics, regulation, Russia
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The Enigma of Capital and the Crises of Capitalism
Apparently, only a few book-length Marxist works were published until now grappling with the current crisis: John Bellamy Foster and Fred Magdoff’s The Great Financial Crisis: Causes and Consequences (2009), Chris Harman’s Zombie Capitalism: Global Crisis and the Relevance of … Continue reading
Posted in Books
Tagged capital, capitalism, credit, David Harvey, finance, financial crisis, globalization, neoliberalism, Real estate
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