Pub Date : 2023-09-05DOI: 10.1177/04866134231184646
Carlo D’Ippoliti, Francesco Linguanti
We develop a short-run neo-Kaleckian model to investigate the interplay of the functional and personal distribution of income and their impact on growth. Personal distribution becomes relevant in light of the institutionalist hypothesis of consumption emulation, which makes aggregate saving dependent on the concentration of wages and profits. A more equal distribution of wages and/or profits increases aggregate demand and the rate of capacity utilization. But the wage- or profit-led demand regime crucially depends on the difference between the propensity to save out of profits and that out of wages, as well as on the impact of changes in the profit and wage shares on the concentration of personal incomes. Preliminary evidence on Italy over the period 1980s–2010s highlights that demand regimes might be a relatively short-term and cyclical characteristic of that economy, with changes in the demand regime partly explained by changes in personal income distribution. JEL Classification: E11, D31, B52
{"title":"Inequality, Consumption Emulation, and Growth","authors":"Carlo D’Ippoliti, Francesco Linguanti","doi":"10.1177/04866134231184646","DOIUrl":"https://doi.org/10.1177/04866134231184646","url":null,"abstract":"We develop a short-run neo-Kaleckian model to investigate the interplay of the functional and personal distribution of income and their impact on growth. Personal distribution becomes relevant in light of the institutionalist hypothesis of consumption emulation, which makes aggregate saving dependent on the concentration of wages and profits. A more equal distribution of wages and/or profits increases aggregate demand and the rate of capacity utilization. But the wage- or profit-led demand regime crucially depends on the difference between the propensity to save out of profits and that out of wages, as well as on the impact of changes in the profit and wage shares on the concentration of personal incomes. Preliminary evidence on Italy over the period 1980s–2010s highlights that demand regimes might be a relatively short-term and cyclical characteristic of that economy, with changes in the demand regime partly explained by changes in personal income distribution. JEL Classification: E11, D31, B52","PeriodicalId":46719,"journal":{"name":"Review of Radical Political Economics","volume":"50 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90328296","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-31DOI: 10.1177/04866134231193782
Stephen Pimpare
{"title":"Book Review: Neoliberal Lives: Work, Politics, Nature, and Health in the Contemporary United States","authors":"Stephen Pimpare","doi":"10.1177/04866134231193782","DOIUrl":"https://doi.org/10.1177/04866134231193782","url":null,"abstract":"","PeriodicalId":46719,"journal":{"name":"Review of Radical Political Economics","volume":"106 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89087025","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-31DOI: 10.1177/04866134231186461
Linwood Tauheed
This is an immanent discussion of the paper presented by Professor Jessica Gordon-Nembhard for the 2023 David Gordon Memorial Lecture given at the Allied Social Science Association annual meeting, Union of Radical Political Economy session. The discussion is organized around eight references (excluding Gordon-Nembhard) cited in the paper. These references represent specific theoretical perspectives and practical experiences in the fields of political economy, Black political economy, and Black feminist political economy, as well as psychology and cultural studies. The goal is to place this article and the work of Gordon-Nembhard within a variety of political economy and interdisciplinary traditions, and highlight its importance. JEL Classifications: B40, B55, P51
{"title":"Comments on Jessica Gordon-Nembhard’s “Black Political Economy, Solidarity Economics, and Liberation: Toward an Economy of Caring and Abundance”","authors":"Linwood Tauheed","doi":"10.1177/04866134231186461","DOIUrl":"https://doi.org/10.1177/04866134231186461","url":null,"abstract":"This is an immanent discussion of the paper presented by Professor Jessica Gordon-Nembhard for the 2023 David Gordon Memorial Lecture given at the Allied Social Science Association annual meeting, Union of Radical Political Economy session. The discussion is organized around eight references (excluding Gordon-Nembhard) cited in the paper. These references represent specific theoretical perspectives and practical experiences in the fields of political economy, Black political economy, and Black feminist political economy, as well as psychology and cultural studies. The goal is to place this article and the work of Gordon-Nembhard within a variety of political economy and interdisciplinary traditions, and highlight its importance. JEL Classifications: B40, B55, P51","PeriodicalId":46719,"journal":{"name":"Review of Radical Political Economics","volume":"11 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90443850","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-31DOI: 10.1177/04866134231194661
R. Chilcote
{"title":"Reflections on “Imperialism in the Financial Capital Era: Forgotten Contributions from Marxist Dependency Theory”","authors":"R. Chilcote","doi":"10.1177/04866134231194661","DOIUrl":"https://doi.org/10.1177/04866134231194661","url":null,"abstract":"","PeriodicalId":46719,"journal":{"name":"Review of Radical Political Economics","volume":"2013 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86483841","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-30DOI: 10.1177/04866134231189835
Débora Machado Nunes
This article argues that the contributions of Marxist Dependency Theory (MDT) can provide theoretical insights for the analysis of financialized capitalism dynamics, contribute to the debate about the rise of a globalized working class, and help guide a transformative praxis in the periphery, therefore being relevant for the debate of contemporary imperialism. I discuss which traditions of dependency theories were most featured in economics literature and why I believe that MDT is marginalized and misinterpreted, focusing on the historical and political aspects of that process. Next, I debate some contributions of contemporary imperialism theory, and conclude that MDT has the potential to advance some of its core concepts and formulate a powerful synthesis. JEL Classification: B51, F54
{"title":"Imperialism in the Financial Capital Era: Forgotten Contributions from Marxist Dependency Theory","authors":"Débora Machado Nunes","doi":"10.1177/04866134231189835","DOIUrl":"https://doi.org/10.1177/04866134231189835","url":null,"abstract":"This article argues that the contributions of Marxist Dependency Theory (MDT) can provide theoretical insights for the analysis of financialized capitalism dynamics, contribute to the debate about the rise of a globalized working class, and help guide a transformative praxis in the periphery, therefore being relevant for the debate of contemporary imperialism. I discuss which traditions of dependency theories were most featured in economics literature and why I believe that MDT is marginalized and misinterpreted, focusing on the historical and political aspects of that process. Next, I debate some contributions of contemporary imperialism theory, and conclude that MDT has the potential to advance some of its core concepts and formulate a powerful synthesis. JEL Classification: B51, F54","PeriodicalId":46719,"journal":{"name":"Review of Radical Political Economics","volume":"112 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87901634","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-30DOI: 10.1177/04866134231188584
A. Davis
There are competing narratives regarding the causes of the war in Ukraine. One focuses on the provocation by the United States and the North Atlantic Treaty Organization, while others emphasize Russian aggression. The approach implemented below is to focus on the long-term contradictions of capitalism, including the formation of Communist states themselves in Russia in 1917 and China in 1949. The subsequent relation between capitalist industrial powers and the leading Communist powers has been an important factor in the post-World War II expansion of capitalism and its conflicts. The role of key ideological frameworks, such as the definition of money, is also a factor emphasized in this analysis. Such a wider lens may enable us to judge more accurately the potential for another “Great Transformation” or a Zeitenwende. JEL Classification: B51, E58, F33, N20
{"title":"Ukraine War: Policy Miscalculations or Contradictions of Capitalism?","authors":"A. Davis","doi":"10.1177/04866134231188584","DOIUrl":"https://doi.org/10.1177/04866134231188584","url":null,"abstract":"There are competing narratives regarding the causes of the war in Ukraine. One focuses on the provocation by the United States and the North Atlantic Treaty Organization, while others emphasize Russian aggression. The approach implemented below is to focus on the long-term contradictions of capitalism, including the formation of Communist states themselves in Russia in 1917 and China in 1949. The subsequent relation between capitalist industrial powers and the leading Communist powers has been an important factor in the post-World War II expansion of capitalism and its conflicts. The role of key ideological frameworks, such as the definition of money, is also a factor emphasized in this analysis. Such a wider lens may enable us to judge more accurately the potential for another “Great Transformation” or a Zeitenwende. JEL Classification: B51, E58, F33, N20","PeriodicalId":46719,"journal":{"name":"Review of Radical Political Economics","volume":"155 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88996726","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-29DOI: 10.1177/04866134231184939
Marko Lah, Andrej Sušjan
Masstige, or luxury for the masses, is a phenomenon that requires a heterodox economic approach based on Original Institutional Economics view of corporate power combined with Marxian concept of brand fetishism and post-Keynesian theories of pricing and consumer choice. The attitude toward luxury in classical works on political economy is briefly outlined. By applying the post-Keynesian theory of oligopolistic pricing, we show how the power of luxury brands enables high profits of luxury conglomerates. We use the post-Keynesian theory of consumer choice to differentiate between various types of masstige buyers. JEL Classification: B52, D11, D21, D43
{"title":"A Heterodox Approach to Masstige: Brand Fetishism, Corporate Pricing, and Rules of Consumer Choice","authors":"Marko Lah, Andrej Sušjan","doi":"10.1177/04866134231184939","DOIUrl":"https://doi.org/10.1177/04866134231184939","url":null,"abstract":"Masstige, or luxury for the masses, is a phenomenon that requires a heterodox economic approach based on Original Institutional Economics view of corporate power combined with Marxian concept of brand fetishism and post-Keynesian theories of pricing and consumer choice. The attitude toward luxury in classical works on political economy is briefly outlined. By applying the post-Keynesian theory of oligopolistic pricing, we show how the power of luxury brands enables high profits of luxury conglomerates. We use the post-Keynesian theory of consumer choice to differentiate between various types of masstige buyers. JEL Classification: B52, D11, D21, D43","PeriodicalId":46719,"journal":{"name":"Review of Radical Political Economics","volume":"14 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78000968","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-19DOI: 10.1177/04866134231183213
Zhongjin Li, Hao Qi
By examining digital labor platforms that connect customers with gig workers, we attempt to solve the puzzle concerning why these labor platforms, such as ride-hailing companies and food delivery companies, continue to suffer weak profitability even though they promise a more efficient way to mobilize and utilize the platform’s labor force. Stylized facts on the profitability of the top ten global labor platforms and a descriptive analysis of their cost structures are presented. We further argue that the modes of production and competition inherent in digital labor platforms are critical to this profitability puzzle because they determine the upper limit of surplus value extraction in production and the heavy financial burden of profit generation for labor platforms. JEL Classification: P12, E24, D40
{"title":"The Profitability Puzzle of Digital Labor Platforms","authors":"Zhongjin Li, Hao Qi","doi":"10.1177/04866134231183213","DOIUrl":"https://doi.org/10.1177/04866134231183213","url":null,"abstract":"By examining digital labor platforms that connect customers with gig workers, we attempt to solve the puzzle concerning why these labor platforms, such as ride-hailing companies and food delivery companies, continue to suffer weak profitability even though they promise a more efficient way to mobilize and utilize the platform’s labor force. Stylized facts on the profitability of the top ten global labor platforms and a descriptive analysis of their cost structures are presented. We further argue that the modes of production and competition inherent in digital labor platforms are critical to this profitability puzzle because they determine the upper limit of surplus value extraction in production and the heavy financial burden of profit generation for labor platforms. JEL Classification: P12, E24, D40","PeriodicalId":46719,"journal":{"name":"Review of Radical Political Economics","volume":"187 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89277299","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-14DOI: 10.1177/04866134231181407
D. Basu, C. Haas, Thanos Moraitis
Does the intensification of labor increase the rate of exploitation? Does it produce absolute surplus value or relative surplus value? This article develops a framework to answer these questions by incorporating intensity of labor in the widely used linear model of production, both in its one- and two-department forms. We show that (a) an intensification of labor always leads to an increase in the rate of exploitation, and (b) the increase in the rate of exploitation takes the form of the production of absolute surplus value in all realistic situations. We also highlight, in the case of any model with more than one industry or sector, an interesting difference in short- and long-run changes in the rate and form of surplus value. JEL Classification: B51, C02
劳动的集约化会增加剥削率吗?生产的是绝对剩余价值还是相对剩余价值?本文通过将劳动强度纳入广泛使用的线性生产模型(包括一部门和两部门)，开发了一个框架来回答这些问题。我们表明:(a)劳动的集约总是导致剥削率的增加，(b)剥削率的增加在所有现实情况下都以生产绝对剩余价值的形式出现。我们还强调，在任何包含多个行业或部门的模型中，在剩余价值的比率和形式的短期和长期变化中存在有趣的差异。JEL分类:B51, co2
{"title":"Intensification of Labor and the Rate and Form of Exploitation","authors":"D. Basu, C. Haas, Thanos Moraitis","doi":"10.1177/04866134231181407","DOIUrl":"https://doi.org/10.1177/04866134231181407","url":null,"abstract":"Does the intensification of labor increase the rate of exploitation? Does it produce absolute surplus value or relative surplus value? This article develops a framework to answer these questions by incorporating intensity of labor in the widely used linear model of production, both in its one- and two-department forms. We show that (a) an intensification of labor always leads to an increase in the rate of exploitation, and (b) the increase in the rate of exploitation takes the form of the production of absolute surplus value in all realistic situations. We also highlight, in the case of any model with more than one industry or sector, an interesting difference in short- and long-run changes in the rate and form of surplus value. JEL Classification: B51, C02","PeriodicalId":46719,"journal":{"name":"Review of Radical Political Economics","volume":"8 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-07-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79473487","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-07-13DOI: 10.1177/04866134231184235
Paula Rodríguez-Modroño, Astrid Agenjo-Calderón, Purificación López-Igual
Despite women being increasingly engaged in labor-platform activities, little of the research conducted on this topic to date has included a feminist perspective. However, the platform economy has direct impacts on the social organization of social reproduction and is changing the main dimensions of the world of work with crucial gendered effects. This study deploys a feminist political economics approach to assess the impacts of digital labor platforms on the reconfiguration and regeneration of intersectional inequalities. The findings of this analysis of digital platforms in the care sector in Spain reveal how they profit from regulatory contexts that perpetuate existing gender, race, and migrant status inequalities, as well as labor market vulnerability, with migrant women segregated into lower-paid and more insecure jobs. JEL Classification: J3, J5, J7, O3
{"title":"A Feminist Political Economic Analysis of Platform Capitalism in the Care Sector","authors":"Paula Rodríguez-Modroño, Astrid Agenjo-Calderón, Purificación López-Igual","doi":"10.1177/04866134231184235","DOIUrl":"https://doi.org/10.1177/04866134231184235","url":null,"abstract":"Despite women being increasingly engaged in labor-platform activities, little of the research conducted on this topic to date has included a feminist perspective. However, the platform economy has direct impacts on the social organization of social reproduction and is changing the main dimensions of the world of work with crucial gendered effects. This study deploys a feminist political economics approach to assess the impacts of digital labor platforms on the reconfiguration and regeneration of intersectional inequalities. The findings of this analysis of digital platforms in the care sector in Spain reveal how they profit from regulatory contexts that perpetuate existing gender, race, and migrant status inequalities, as well as labor market vulnerability, with migrant women segregated into lower-paid and more insecure jobs. JEL Classification: J3, J5, J7, O3","PeriodicalId":46719,"journal":{"name":"Review of Radical Political Economics","volume":"85 1","pages":""},"PeriodicalIF":1.3,"publicationDate":"2023-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78177602","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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