Suchergebnisse

Surprisingly little uneven and combined development (UCD) work focuses on Africa. This article both widens the geographical scope of UCD literature and attempts to address a major blind spot in this literature: the importance of race and gender in understanding the UCD of world capitalism and global political economy. Helpful in this process, we argue, is an engagement with the work of Black Marxism and Marxist Feminism and the literature on Racial Capitalism. We draw on the work of Stuart Hall on race and class, and the importance of understanding their changing articulations, indeed of the need to look at multiple articulations – of the state and state power with forms of production; racialised ideologies; and systems of reproduction. We use a case study of South Africa to illustrate our argument. South Africa, previously on the periphery of the global system, was changed profoundly by the discovery of vast gold deposits and the construction of a forced labour system to secure its profitable extraction. South Africa's specific form of racial capitalism challenges not only linear conceptions of development, but also binaries between free and forced labour, and Eurocentric conceptions of social reproduction.

AbstractEconomics has long been the 'dismal science'. The crisis in classical political economy at the end of the nineteenth century produced radically differing intellectual responses: Marx's reconstitution of value theory on the basis of his dialectical method, the marginalists' development of subjective value theory, and the historical school's advocacy of inductive and historical reasoning. It is against this background that economics was established as a discrete academic discipline, consciously modelling itself on maths and physics and developing its focus on theorising exchange. This entailed extraordinary reductionism, with humans regarded as rational, self-interested actors, and class, society, history and 'the social' being excised from economic analysis. On the basis of this narrowing of its concerns, particularly from the 1980s onwards, economics has sought to expand its sphere of influence through a form of imperialism which seeks to apply mainstream economic approaches to other social sciences and sees economics as 'the universal grammar of social science'. The implications of this shift are discussed in Ben Fine and Dimitris Milonakis's two volumes, where they analyse the fate of the social, the political and the historical in economic thought, and assess the future for an inter-disciplinary critique of economic reason.

The current global economic crisis is historically unprecedented in that it began when poor groups in the United States defaulted on their mortgage-payments and spread fear of 'toxic debt' through an internationalised financial system, bringing the banking system close to collapse and highlighting the very individualised nature of contemporary financial relations. The symposium explores contemporary finance and banking practices in the context of Marxist political economy seeking to develop the notion of financialisation and arguing that banks' increasing reliance on individual households as a source of profits amounts to a form of financial expropriation or additional profit generated in the sphere of circulation. Adapted from the source document.

AbstractThe current global economic crisis is historically unprecedented in that it began when poor groups in the United States defaulted on their mortgage-payments and spread fear of 'toxic debt' through an internationalised financial system, bringing the banking system close to collapse and highlighting the very individualised nature of contemporary financial relations. The symposium explores contemporary finance and banking practices in the context of Marxist political economy seeking to develop the notion of financialisation and arguing that banks' increasing reliance on individual households as a source of profits amounts to a form of financial expropriation or additional profit generated in the sphere of circulation.

Opens a symposium devoted to David Harvey's New Imperialism (2003), which addresses the character of 21st-century global political economy. Three key issues in Harvey's account are outlined: the state & the state-capital relationship; oil, its role in the Iraq war, & the character & status of global geopolitics; & the role of "accumulation by dispossession" in the current phase of capitalist development. Contributions are introduced. References. D. Edelman

This article seeks to help redress the relative lack of discussion of the movement against neoliberal globalisation and the relative lack of empirical work about this movement. Firstly it argues that this movement is not opposed to globalisation per se but instead is developing a new internationalism in the course of challenging the neoliberal nature of contemporary globalisation. Secondly it argues that this challenge is producing a universalising dynamic which is moving the movement beyond being a series of isolated militant particularist struggles. The article uses interviews with leading participants within the movement to help clarify these arguments.