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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.


Papers
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Journal ArticleDOI
TL;DR: In this article, the authors continue the critical engagement with the popular discourses of Prahalad's value co-creation paradigm and Vargo and Lusch's service-dominant logic of marketing.
Abstract: This special issue continues the critical engagement with the popular discourses of Prahalad’s value co-creation paradigm and Vargo and Lusch’s service-dominant logic of marketing. The intensity of the debate among marketing scholars over these two marketing and management concepts demonstrates how much is at stake — conceptually and politically — when the roles of consumer and producer become blurred. Economic concepts of value, ownership, consumption, and production need to be redefined, and political ideas of the relationship between the social and the economic require addressing in the age of cognitive, or as we call it, collaborative capitalism. In addition to these broad theoretical challenges, the contributions in this issue zoom in on what arguably constitutes the central question for our specific field: What are the implications of a collaborative capitalism for understanding the place of marketing techniques in value creation? As with all good scholarship, the essays in this issue do not provide...

273 citations

Journal ArticleDOI
TL;DR: This paper explore the possibility that capitalism is today undergoing the systemic equivalent to Marx's notion of primitive accumulation, only now as a deepening of advanced capitalism predicated on the destruction of more traditional forms of capitalism.
Abstract: Here I explore the possibility that capitalism is today undergoing the systemic equivalent to Marx's notion of primitive accumulation, only now as a deepening of advanced capitalism predicated on the destruction of more traditional forms of capitalism. I focus on two diverse instances which share a common systemic logic: expulsing people from more traditional capitalist encasements. One instance is that of countries devastated by an imposed debt and debt-servicing regime which took priority over all other state expenditures; at its most extreme, the ensuing devastation of traditional economies and traditional states has made the land more valuable to the global market than the people on it. The other instance, which I see as a systemic equivalent to the first, is the potential for global replication of the financial innovation that destroyed 15 million plus households in the US in two years, with many more to come; household destruction at this scale devastates whole areas of cities, and leaves vacant lan...

273 citations

Journal ArticleDOI
TL;DR: In this paper, an analysis of the different meanings and perspectives of globalization, of the causes and consequences of globalization and of the underpinnings or constitutive elements of globalization are discussed.
Abstract: This article discusses globalization and its implications for public administration. Using a political economy approach, an analysis is made of the different meanings and perspectives of globalization, of the causes and consequences of globalization, and of the underpinnings or constitutive elements of globalization, a phenomenon that is all-embracing with transworld and for-reaching implications for society, governance, and public administration. Causes of globalization are discussed, such as the economic factors of surplus accumulation, corporate reorganization, shift of corporate power structure, global money and financialization, global state and administration, domestic decline, rising human expectations, innovations, and global supranational organizations such as the United Nations. Consequences of globalization are discussed, including the positive impact such as continuity and persistence of the state and public administration, but also its negative consequences such as threat to democracy and community, increasing corruption, and elite empowerment. Then a discussion is made of the converging, hegemonic global order with a question of possible counterohegemonic model that might alter the dominant world order. Finally, the article presents a number of significant implications--positive and negative--for public administration as a theory and practice, from both American and comparative/international perspectives. Introduction As the new millennium approaches, a new civilization is dawning. The qualitative changes of this civilization have been the subject of many studies. For example, Huntington (1996) speaks of the "clash of civilizations," Fukuyama (1992) predicts "the end of history and man," and Korbin (1996) indicates a "return back to medievalism." The hallmark of this change is the process of globalization, through which worldwide integration and transcendence take place, evoking at least two different intellectual responses. On one hand there are those who argue that the growth of transnational corporations, in particular because of their "state-indifferent" nature, and the spread of global capitalism have made state irrelevant or even obsolescent (Ball, 1967; Naisbitt, 1994; Ohame, 1995). Some think of it as even the end of work (Rifkin, 1975) and of public administration (Stever, 1988). Others believe that global capitalism has led to the generation of suprastate governing agencies that are supplementing, if not supplanting, the territorial nation-states (Picciotto, 1989; Cox, 1993; Korten, 1995). Still others have suggested that this also has eroded the sense of community and urban power structure (Mele, 1996; Knox, 1997; Korten, 1995), causing the loss of urban jobs (Wilson, 1996). They also warn that the merging of the supranational governance agencies has deepened the dependency of less developed countries, exacerbated their fiscal crises, and created a serious problem of governability in those nations (Kregel, 1998). On the other hand, some public administrators and public-policy analysts have predicted that global corporations will create a world order beyond nation-states (Reich, 1991), that is, a "global village" (Garcia-Zamor and Khator, 1994), a "world government" with "global management" (Wilson, 1994). Some theorists have even attempted to develop a universal, global theory of public administration (Caiden, 1994). Others have vocally refuted the idea of the end of the state and have argued for the persistence of the nation-states with all the concomitant implications for public administration (Caiden, 1994; Heady, 1996; Scholte 1997). Hirst and Thompson (1996), Zysman (1996), and Boyer and Drache (1996) have argued that globalization has been exaggerated and that states remain strong in the crucial functions of governance. Some realists in the international relations tradition have argued that "de facto [state] sovereignty has been strengthened rather than weakened" (Krasner 1993, 318). …

273 citations

Book
02 Jun 2009
TL;DR: In this paper, the authors argue that capital is not a narrow economic entity, but a symbolic quantification of power and that it has little to do with utility or abstract labour, and it extends far beyond machines and production lines.
Abstract: FROM THE BACK COVER Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an 'economic' entity that they count in universal units of ‘utils’ or 'abstract labour', respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of 'capital as power' and a new history of the 'capitalist mode of power'.

272 citations

Journal ArticleDOI
TL;DR: In this article, the Euro crisis was investigated from a perspective of the institutional asymmetry grounded in national varieties of capitalism, and the response to the crisis was explained in terms of limitations in European institutions, divergent economic doctrines and the boundaries of European solidarity.
Abstract: This article addresses puzzles raised by the Euro crisis: why was EMU established with limited institutional capacities, where do the roots of the crisis lie, how can the response to the crisis be explained, and what are its implications for European integration? It explores how prevailing economic doctrines conditioned the institutional shape of the single currency and locates the roots of the crisis in an institutional asymmetry grounded in national varieties of capitalism, which saw political economies organised to operate export-led growth models joined to others accustomed to demand-led growth. The response to the crisis is reviewed and explained in terms of limitations in European institutions, divergent economic doctrines and the boundaries of European solidarity. Proposed solutions to the crisis based on deflation or reflation are assessed from a varieties of capitalism perspective and the implications for European integration reviewed.

271 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
20241
20231,685
20223,695
2021801
2020934
20191,091