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In: Actuel Marx confrontation
In: Actuel Marx, Band 55, Heft 1, S. 177-192
ISSN: 1969-6728
In: Labour / Le Travail, Band 53, S. 340
In: Capital & class, Band 25, Heft 2, S. 61-77
ISSN: 2041-0980
This paper criticizes Brenner's emphasis on competition within Manufacturing in his analysis of the falling profit rate, and the subsequent extension of this fall to the entire economy. His assumptions concerning price competition appear arbitrary and proofs are deficient. Brenner cannot escape the reliance on the rise of wages, contrary to what he contends in his criticism of profit-squeeze theory. Several basic theoretical issues, such as adjustment by prices (as in neoclassical models) or by quantities produced (as in Keynesian models), partial or general analysis are not treated properly. For Marx, the decline of the profit rate causes competitive wars; the inverse relationship is posited by Brenner.
In: The Manchester School, Band 57, Heft 1, S. 34-57
ISSN: 1467-9957
In: Actuel Marx confrontation
In: Science & society: a journal of Marxist thought and analysis, Band 59, Heft 2, S. 234-236
ISSN: 0036-8237
In: Revue économique, Band 38, Heft 5, S. 949-994
ISSN: 1950-6694
In: Savoir - agir: revue trimestrielle de l'association savoir/agir, Heft 49, S. 9-72
ISSN: 1958-7856
World Affairs Online
In: Canadian journal of political science: CJPS = Revue canadienne de science politique : RCSP, Band 41, Heft 1, S. 143
ISSN: 0008-4239
In: Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization
Inequality of income and wealth has skyrocketed since the 1970s. As the super-rich have grasped the vast majority of the gains from economic growth, labor's share of income has declined. The middle class has stagnated, and those at the bottom have become even worse off. Persistent structural discrimination on the basis of race and gender exacerbates these economic disparities.The Great Polarization brings together scholars from disparate fields to examine the causes and consequences of this dramatic rise in inequality. Contributors demonstrate that institutions, norms, policy, and political power—not the "natural" operation of the market—determine the distribution of wealth and income. The book underscores the role of ideas and ideologies, showing how neoclassical economics and related beliefs have functioned in public debates to justify inequality. Together, these essays bear out an inescapable conclusion: inequality is a choice. The rules of the economy have been rewritten to favor those at the top, entrenching the imbalances of power that widen the gap between the very rich and everyone else.Contributors reconsider the data on inequality, examine the policies that have led to this predicament, and outline potential ways forward. Using both theoretical and empirical analysis and drawing on the knowledge of experts in policy, political economy, economics, and other disciplines, The Great Polarization offers a kaleidoscopic view of the processes that have shaped today's stark hierarchies