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Capitalism
About: Capitalism is a research topic. Over the lifetime, 27714 publications have been published within this topic receiving 858042 citations.
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TL;DR: In this paper, the authors endorses the criticisms of neo-classical populism and its advocacy of redistributive land reform provided by other contributions to this special issue of the Journal, to which they add several further points If GKI propose a version of an agrarian question of "small" or "family" farming, and its resolution through a familiar (Chayanovian) path of development, much of the critique rests, in one way or another, on the "classic" agrgarian question in capitalist transition.
Abstract: This paper endorses the criticisms of neo-classical populism and its advocacy of redistributive land reform provided by other contributions to this special issue of the Journal, to which it adds several further points If GKI propose a version of an agrarian question of ‘small’ or ‘family’ farming, and its resolution through a familiar (Chayanovian) path of development, much of the critique rests, in one way or another, on the ‘classic’ agrarian question in capitalist transition, in effect the agrarian question of capital in which the agrarian question of labour was once subsumed Here the question is posed whether, in the conditions of contemporary ‘globalization’ and its tendency to the ‘fragmentation’ of labour, there might be a new agrarian question of labour, now detached from that of capital, and which generates a new politics of struggles over land (and its distribution) Even to conceive of this question is beyond the analytical and political field of vision of neo-classical populism Some of the dimensions of an agrarian question of labour are illustrated in a brief consideration of recent, and highly contradictory, events in Zimbabwe: a unique case of comprehensive, regime-sanctioned, confiscatory land redistribution in the world today
244 citations
01 Jul 2015
243 citations
243 citations
TL;DR: Kotz and Gordon as discussed by the authors proposed the theory of social structures of accumulation, which is a generalization of the social structure of accumulation approach to include race, gender and labor market segmentation.
Abstract: Introduction David M. Kotz, Terrence McDonough and Michael Reich Part I. The Theory of Social Structures of Accumulation: 1. Long swings and stages of capitalism David M. Gordon, Richard Edwards and Michael Reich 2. How social structures of accumulation decline and are built Michael Reich 3. Interpreting the social structure of accumulation approach David M. Kotz 4. Social structures of accumulation, contingent history, and stages of capitalism Terrence McDonough 5. The regulation theory and the social structure of accumulation approach David M. Kotz Part II. History, Institutions, and Macroeconomic Analysis: 6. The construction of social structures of accumulation in US history Terrence McDonough 7. The financial system and the social structure of accumulation Martin H. Wolfson 8. Alternative social structure of accumulation approaches to the analysis of capitalist booms and busts Thomas E. Weisskopf 9. The politics of the American industrial policy debate Jim Schoch Part III. Class, Race and Gender: 10. Shopfloor relations in the postwar capital-labor accord David Fairris 11. Towards a broader vision: race, gender and labor market segmentation in the social structure of accumulation framework Randy Aldelda and Chris Tilly Part IV. The International Dimension: 12. Accumulation and crisis in a small and open economy: the postwar social structure of accumulation in Puerto Rico Edwin Melendez 13. Apartheid and capitalism: social structure of accumulation or contradiction? Nicoli Nattrass 14. The social structure of accumulation approach and the regulation approach: a US-Japan comparison Tsuyoshi Tsuru 15. The global economy: new edifice or crumbling foundations? David M. Gordon Afterword: new international institutions and renewed world economic expansion David M. Kotz, Terrence McDonough and Michael Reich.
243 citations
Book•
22 Apr 2014
TL;DR: A detailed quantitative assessment of Brazil's economic performance from 1976 to 2009 is presented in this paper, where the authors examine how these models of state capitalism influence corporate investment and performance and conclude that the longstanding debate over whether private ownership is superior or inferior to state capitalism has become irrelevant.
Abstract: The wave of liberalization that swept world markets in the 1980s and 90s altered the ways that governments manage their economies. Reinventing State Capitalism "analyzes the rise of new species of state capitalism in which governments interact with private investors either as majority or minority shareholders in publicly-traded corporations or as financial backers of purely private firms (the so-called "national champions"). Focusing on a detailed quantitative assessment of Brazil's economic performance from 1976 to 2009, Aldo Musacchio and Sergio Lazzarini examine how these models of state capitalism influence corporate investment and performance.According to one model, the state acts as a majority investor, granting the state-owned enterprise (SOE) financial autonomy and allowing professional management. This form, the authors argue, has reduced many agency problems commonly faced by state ownership. According to another hybrid model, the state uses sovereign wealth funds, holding companies, and development banks to acquire a small share of equity ownership in a corporation, thereby potentially alleviating capital constraints and leveraging latent capabilities.Both models have benefits and costs. Yet neither model has entirely eliminated the temptation of governments to intervene in the operation of natural resource industries and other large strategic enterprises. Nevertheless, the longstanding debate over whether private ownership is superior or inferior to state capitalism has become irrelevant, Musacchio and Lazzarini conclude. Private ownership is now mingled with state capital on a global scale.
243 citations