Pub Date : 2024-07-03DOI: 10.1080/00346764.2024.2361156
Ian Bruff
The article contributes to the emerging literature on neoliberalism that explicitly rejects the long-held assumption that it is fundamentally about the valorisation of free markets. This scholarshi...
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Pub Date : 2024-05-25DOI: 10.1080/00346764.2024.2353580
Eric Lob, Hakan Yilmazkuday
This paper provides a political economy analysis of the bilateral trade relations and patterns of exchange that existed between Iran and Sub-Saharan Africa (SSA) from 1962 to 2021. The paper contri...
{"title":"A political economy analysis of changes and continuities in Iran–Africa trade relations: a case of South–South dependency?","authors":"Eric Lob, Hakan Yilmazkuday","doi":"10.1080/00346764.2024.2353580","DOIUrl":"https://doi.org/10.1080/00346764.2024.2353580","url":null,"abstract":"This paper provides a political economy analysis of the bilateral trade relations and patterns of exchange that existed between Iran and Sub-Saharan Africa (SSA) from 1962 to 2021. The paper contri...","PeriodicalId":46636,"journal":{"name":"REVIEW OF SOCIAL ECONOMY","volume":"54 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2024-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141147028","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-05-03DOI: 10.1080/00346764.2024.2345595
Leila Davis
Published in Review of Social Economy (Ahead of Print, 2024)
发表于《社会经济评论》(2024 年提前出版)
{"title":"Financialization and the social economy","authors":"Leila Davis","doi":"10.1080/00346764.2024.2345595","DOIUrl":"https://doi.org/10.1080/00346764.2024.2345595","url":null,"abstract":"Published in Review of Social Economy (Ahead of Print, 2024)","PeriodicalId":46636,"journal":{"name":"REVIEW OF SOCIAL ECONOMY","volume":"211 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2024-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140935997","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-29DOI: 10.1080/00346764.2023.2300007
Lucinda Hiam, Danny Dorling
The British born between 1925 and 1934 experienced exceptional improvements in their annual mortality; earning them the title ‘the Golden Cohort’. They were the goldilocks generation; almost all to...
{"title":"The rise and fall of Britain’s Golden Cohort: how the remarkable generation of 1925–1934 had their lives cut short by austerity","authors":"Lucinda Hiam, Danny Dorling","doi":"10.1080/00346764.2023.2300007","DOIUrl":"https://doi.org/10.1080/00346764.2023.2300007","url":null,"abstract":"The British born between 1925 and 1934 experienced exceptional improvements in their annual mortality; earning them the title ‘the Golden Cohort’. They were the goldilocks generation; almost all to...","PeriodicalId":46636,"journal":{"name":"REVIEW OF SOCIAL ECONOMY","volume":"5 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2024-02-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140017484","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-13DOI: 10.1080/00346764.2024.2310829
Tom Malleson
This paper argues that the mainstream economics view of production based on the conventional factors of production is socially and empirically inaccurate, giving a distorted view of the nature of t...
本文认为,基于传统生产要素的主流经济学生产观在社会和经验上都是不准确的,它歪曲了生产的本质。
{"title":"The understructure of market production","authors":"Tom Malleson","doi":"10.1080/00346764.2024.2310829","DOIUrl":"https://doi.org/10.1080/00346764.2024.2310829","url":null,"abstract":"This paper argues that the mainstream economics view of production based on the conventional factors of production is socially and empirically inaccurate, giving a distorted view of the nature of t...","PeriodicalId":46636,"journal":{"name":"REVIEW OF SOCIAL ECONOMY","volume":"67 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139764097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-07DOI: 10.1080/00346764.2024.2312414
Min Ye
The twenty-first-century global arena is profoundly shaped by the intensifying US–China rivalry. While theories in the US, such as the Thucydides’ Trap and the Clash of Civilizations, forecast a pr...
{"title":"Security in context (SiC): a novel theoretical and empirical approach to the US–China rivalry","authors":"Min Ye","doi":"10.1080/00346764.2024.2312414","DOIUrl":"https://doi.org/10.1080/00346764.2024.2312414","url":null,"abstract":"The twenty-first-century global arena is profoundly shaped by the intensifying US–China rivalry. While theories in the US, such as the Thucydides’ Trap and the Clash of Civilizations, forecast a pr...","PeriodicalId":46636,"journal":{"name":"REVIEW OF SOCIAL ECONOMY","volume":"193 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2024-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139764181","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Using data from National Sample Survey Organisation surveys, the paper analyses the profit rate and its drivers in India’s unorganised manufacturing sector for the period 2000–01 to 2015–16. The en...
{"title":"Pattern and drivers of profitability in India’s unorganised manufacturing sector","authors":"Md. Nasir Khurshid, Debarshi Das, Amarjyoti Mahanta","doi":"10.1080/00346764.2023.2289438","DOIUrl":"https://doi.org/10.1080/00346764.2023.2289438","url":null,"abstract":"Using data from National Sample Survey Organisation surveys, the paper analyses the profit rate and its drivers in India’s unorganised manufacturing sector for the period 2000–01 to 2015–16. The en...","PeriodicalId":46636,"journal":{"name":"REVIEW OF SOCIAL ECONOMY","volume":"228 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138560644","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-11-29DOI: 10.1080/00346764.2023.2285266
Michael Bennett, Rutger Claassen
Corporations can be powerful engines of economic prosperity, but also for the public good more broadly conceived. But they need to be properly incentivized to fulfil these missions. We propose an i...
{"title":"The corporate social assessment: making public purpose pay","authors":"Michael Bennett, Rutger Claassen","doi":"10.1080/00346764.2023.2285266","DOIUrl":"https://doi.org/10.1080/00346764.2023.2285266","url":null,"abstract":"Corporations can be powerful engines of economic prosperity, but also for the public good more broadly conceived. But they need to be properly incentivized to fulfil these missions. We propose an i...","PeriodicalId":46636,"journal":{"name":"REVIEW OF SOCIAL ECONOMY","volume":"125 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2023-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138529888","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-10-31DOI: 10.1080/00346764.2023.2270458
Sean H. Vanatta
This article examines the transformation of public employee pension investment in the United States, from investing public funds in public infrastructure before the 1950s, to investing public funds in private securities in the years after. Three factors drove this change. First, motivated financial professionals convinced states to adopt the “prudent man rule,” a legal investment standard that emphasized professional management and maximum financial returns. Second, declining bond yields during World War II led public pension managers to reconceptualize the political goals of pension investment, from balancing retiree returns against low-cost public infrastructure, to maximizing employee benefits by achieving maximum returns in financial markets. Third, public officials hired private asset managers to undertake new investment strategies. These professionals then used their influence to pursue further pension liberalization. Ultimately, US financialization was not a break, but a continuous process through which government officials intentionally used financial markets to enhance public social provision.
{"title":"The financialization of US public pension funds, 1945–1974","authors":"Sean H. Vanatta","doi":"10.1080/00346764.2023.2270458","DOIUrl":"https://doi.org/10.1080/00346764.2023.2270458","url":null,"abstract":"This article examines the transformation of public employee pension investment in the United States, from investing public funds in public infrastructure before the 1950s, to investing public funds in private securities in the years after. Three factors drove this change. First, motivated financial professionals convinced states to adopt the “prudent man rule,” a legal investment standard that emphasized professional management and maximum financial returns. Second, declining bond yields during World War II led public pension managers to reconceptualize the political goals of pension investment, from balancing retiree returns against low-cost public infrastructure, to maximizing employee benefits by achieving maximum returns in financial markets. Third, public officials hired private asset managers to undertake new investment strategies. These professionals then used their influence to pursue further pension liberalization. Ultimately, US financialization was not a break, but a continuous process through which government officials intentionally used financial markets to enhance public social provision.","PeriodicalId":46636,"journal":{"name":"REVIEW OF SOCIAL ECONOMY","volume":"2014 19","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135813406","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-09-25DOI: 10.1080/00346764.2023.2259362
Melanie G. Long, Steven Pressman
AbstractDirect cash transfers to households during the COVID-19 pandemic, including relief checks and Child Tax Credit payments, were delayed by weeks for recipients without bank accounts and were not received by many non-filers who lacked the time or resources to complete necessary paperwork. A postal banking system has the potential to expand access to financial infrastructure and enable the rapid distribution of resources to households in need during economic downturns – often the same households that are currently excluded from the financial system. This paper examines the history of the US Postal Savings System and the feasibility of a return to postal banking using evidence on the socioeconomic and spatial patterns of financial exclusion. We find that postal banks would be well positioned to compete with both alternative and conventional financial institutions, address issues with physical branch access, and improve outreach to vulnerable populations.KEYWORDS: Postal bankingpayment mechanismsfinancial inclusioncash transfersCOVID-19 pandemicJEL CODES: E65G21G28H53 Disclosure statementNo potential conflict of interest was reported by the author(s).Data availability statementData sharing is not applicable to this article as no new data were created or analyzed in this study.Notes1 https://www.fiscal.treasury.gov/eft/ (Last Accessed August 21, 2023).2 The corresponding country-level data are available in Tables A1 and A2 in Appendix A.3 Importantly, there is wide variation in account ownership and financial exclusion rates within global banking models, linked to specifics of the financial and social context of each country that fall beyond the scope of this paper. For instance, more than 80% of respondents in Japan hold an account in the Yucho network of postal banks. In Italy, 17% of respondents hold post accounts alone, yet it continues to have one of the highest levels of financial exclusion in Europe (16.9%). Meanwhile, Saudi Arabia has an extraordinarily large unbanked population among economies without postal banking – over 50% – due to restrictions on women’s access to accounts at financial institutions. Despite this variability, the same qualitative comparisons across the five postal banking categories hold regardless of whether averages or medians are used.4 Market income excludes government transfers but includes wages and salaries, self-employment income, non-tax investment income, dividends, capital gains, alimony payments, child support, Social Security and other pension income, and miscellaneous sources of income not listed above. In theory, Social Security is a transfer program that would be of interest for this study. However, the SCF does not disaggregate Social Security income from other sources of retirement income, and the evidence cited in Section 1 indicates that Social Security generally does not suffer from challenges related to outreach and disbursement.5 Net worth or wealth is the difference between assets (checking a
{"title":"Postal banking and US cash transfer programs: a solution to insufficient financial infrastructure?","authors":"Melanie G. Long, Steven Pressman","doi":"10.1080/00346764.2023.2259362","DOIUrl":"https://doi.org/10.1080/00346764.2023.2259362","url":null,"abstract":"AbstractDirect cash transfers to households during the COVID-19 pandemic, including relief checks and Child Tax Credit payments, were delayed by weeks for recipients without bank accounts and were not received by many non-filers who lacked the time or resources to complete necessary paperwork. A postal banking system has the potential to expand access to financial infrastructure and enable the rapid distribution of resources to households in need during economic downturns – often the same households that are currently excluded from the financial system. This paper examines the history of the US Postal Savings System and the feasibility of a return to postal banking using evidence on the socioeconomic and spatial patterns of financial exclusion. We find that postal banks would be well positioned to compete with both alternative and conventional financial institutions, address issues with physical branch access, and improve outreach to vulnerable populations.KEYWORDS: Postal bankingpayment mechanismsfinancial inclusioncash transfersCOVID-19 pandemicJEL CODES: E65G21G28H53 Disclosure statementNo potential conflict of interest was reported by the author(s).Data availability statementData sharing is not applicable to this article as no new data were created or analyzed in this study.Notes1 https://www.fiscal.treasury.gov/eft/ (Last Accessed August 21, 2023).2 The corresponding country-level data are available in Tables A1 and A2 in Appendix A.3 Importantly, there is wide variation in account ownership and financial exclusion rates within global banking models, linked to specifics of the financial and social context of each country that fall beyond the scope of this paper. For instance, more than 80% of respondents in Japan hold an account in the Yucho network of postal banks. In Italy, 17% of respondents hold post accounts alone, yet it continues to have one of the highest levels of financial exclusion in Europe (16.9%). Meanwhile, Saudi Arabia has an extraordinarily large unbanked population among economies without postal banking – over 50% – due to restrictions on women’s access to accounts at financial institutions. Despite this variability, the same qualitative comparisons across the five postal banking categories hold regardless of whether averages or medians are used.4 Market income excludes government transfers but includes wages and salaries, self-employment income, non-tax investment income, dividends, capital gains, alimony payments, child support, Social Security and other pension income, and miscellaneous sources of income not listed above. In theory, Social Security is a transfer program that would be of interest for this study. However, the SCF does not disaggregate Social Security income from other sources of retirement income, and the evidence cited in Section 1 indicates that Social Security generally does not suffer from challenges related to outreach and disbursement.5 Net worth or wealth is the difference between assets (checking a","PeriodicalId":46636,"journal":{"name":"REVIEW OF SOCIAL ECONOMY","volume":"38 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135814489","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}