Capitalism Development And Empowerment Of Labour

Author: Hartmut Elsenhans
Editor: Routledge
ISBN: 1000435954
File Size: 35,41 MB
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The dominant neoliberal approach presents politics and political economy as nuisances which disturb the smooth operation of self-regulating markets. But political economy is not merely an academic issue – it is a class issue, and this book forcefully argues that political economy should return to a central position in the study of the social sciences. Offering nothing less than a reconciliation of Marxian, Keynesian and neoclassical economics, the work opens with a discussion of the key, interconnected economic concepts which help us to understand capitalism: price, income, profit, value, growth and crisis. Prices reflect income distribution and therefore class relations, and the chapters show that the very emergence of capitalism resulted from mass empowerment of the so-called "lower orders". Profit is always available if entrepreneurs spend on net investment and create incomes for additional labour; this, in turn, requires expanding demand, and so therefore profit depends on rising mass incomes. Conversely, underdevelopment is the result of the destitution and disempowerment of the masses. In the Global South today, it is clear that enormous riches go hand in hand with widespread misery and poverty because the market does not transform wealth into the kind of investment that might benefit all. This book argues that the new wealth triggered by productivity increases has enabled the rich to liberate themselves from the capitalist constraints of competition and waste their new wealth in the form of rents. The main threat today is, in fact, the globalisation of rent. The text makes a point for a progressive counter strategy: capitalist structures that empower labour need to be transferred to the Global South. This requires political and economic efforts towards empowering labour in the Global South. This book demonstrates the analytical power of political economy for all social scientists and will be invaluable reading for economists, political scientists and sociologists in particular.
Capitalism, Development and Empowerment of Labour
Language: en
Pages: 236
Authors: Hartmut Elsenhans
Categories: Business & Economics
Type: BOOK - Published: 2021-09-09 - Publisher: Routledge

The dominant neoliberal approach presents politics and political economy as nuisances which disturb the smooth operation of self-regulating markets. But political economy is not merely an academic issue – it is a class issue, and this book forcefully argues that political economy should return to a central position in the
Political Economy of Financialization in the United States
Language: en
Pages: 332
Authors: Kurt Mettenheim
Categories: Business & Economics
Type: BOOK - Published: 2021-09-23 - Publisher: Routledge

Combining balance sheet analysis with historical institutional analysis, this book traces the evolution of social sector financial balance sheets in the US from 1960 to 2018. This innovative historical-institutional approach, ranging from the micro level of households to the macro level of the federal government, reveals that the displacement of
Explaining Wealth Inequality
Language: en
Pages: 96
Authors: Benedict Atkinson
Categories: Business & Economics
Type: BOOK - Published: 2021-08-20 - Publisher: Routledge

This book discusses the origins of wealth inequality and explains how societies can reform to avoid the catastrophe of inequality-induced social breakdown. It develops a theoretical and practical understanding of the principles behind the concept of ownership and property, complete with historical examples. It proposes a new research perspective focusing
Hartmut Elsenhans and a Critique of Capitalism
Language: en
Pages: 184
Authors: Neil Wilcock, Corina Scholz
Categories: Political Science
Type: BOOK - Published: 2015-11-23 - Publisher: Springer

This book presents a series of interviews with Hartmut Elsenhans on his wide-ranging theories and their policy implications. Serving as a compilation of his distilled thoughts, we discuss with him his unique world economic theory, his theorisation of social movements, his work on overcoming underdevelopment, and much more.
Markets in their Place
Language: en
Pages: 242
Authors: Russell Prince, Matthew Henry, Carolyn Morris, Aisling Gallagher, Stephen FitzHerbert
Categories: Business & Economics
Type: BOOK - Published: 2021-07-27 - Publisher: Routledge

Markets are usually discussed in abstract terms, as an economic organizing principle, a generalized alternative to government planning, or even as powerful actors in their own right, able to shape local and national economic destinies. But markets are not abstract. Even as the idea of the market seduces politicians around