Economics Commons^™

Courting American Capital: Public Relations And The Business Of Selling Ivorian Capitalism In The U.S., 1960-1980, Abou B. Bamba

History Faculty Publications

This chapter is an invitation to reimagine the roles assigned to players in the history of capitalism on the global stage. It challenges aspects of the historiography of capitalism in the twentieth century, which tend to center on historical actors and institutions of the Global North. Even when actors in the Global South are discussed, it is usually to portray them as passive victims of an intractable system. By focusing on the Ivory Coast and its economic diplomacy toward the United States, I seek to destabilize this general picture.

The Baran Ratio, Investment, And British Economic Growth And Development, Thomas E. Lambert

Faculty Scholarship

Investment in capital, new technology, and agricultural techniques has not been considered an endeavor worthwhile in a medieval economy because of a lack of strong property rights and no incentive on the part of lords and barons to lend money to or grant rights to peasant farmers. Therefore, the medieval economy and standards of living at that time often have been characterized as non-dynamic and static due to insufficient investment in innovative techniques and technology. Paul Baran’s concept of the economic surplus is applied to investment patterns during the late medieval, mercantile, and early capitalist stages of economic growth in …

Aggregate Demand And Defensive Spending In The United States From The Second World War To The End Of The Twentieth Century, Sam Martin

Student Writing

No abstract provided.

Critique And Transformation: On The Hypothetical Nature Of Ecosystem Service Value And Its Neo-Marxist, Liberal And Pragmatist Criticisms, Andony P. Melathopoulos, Alex Stoner

Journal Articles

Ecosystem service valuation (ESV) attempts to transform the opposition of human economic necessity and ecological conservation by valuing the latter in terms of the services rendered by the former. However, despite a number of ESV-inspired sustainability initiatives since the 1990s, global ecological degradation continues to accelerate. This suggests that ESV has fallen far short of its goals of sustainable social transformation—a failure which has generated considerable criticism. This paper reviews three prominent lines of ESV criticism: 1) the neo-Marxist criticism, which emphasizes the “fictitious” character of ecosystem commodities; 2) the liberal criticism through Friedrich Hayek's concept “scientistic objectivism”; and 3) …

Radical Student Activism In The 1930s And Its Comparison To Student Activism During Occupy Wall Street, Andrew J. Pierce

Senior Honors Projects

In order to understand the present we must first understand the past. The United States may be a country founded on principles of democracy and republicanism, but students in universities across the nation have aligned themselves, historically, with some heterodox philosophies over the years. Whether it was Communism or Socialism in the 1930’s, or left libertarianism and direct democracy during the recent Occupy protests, students have long considered whether the policies of the United States government were really working in their best interests.

On campus in Depression-era America, Leftist student groups began to rise up and attempted to change the …

An Attempt To Reshape Capitalism’S Image, Ross A. Nichols

Student Publications

John Stuart Mill is an extremely interesting figure in the history of economics. He was known for his eclecticism and his views on economic theory can best be described as self-contradictory. In this vein was his attempt to formulate a theory of value. Claiming to be a disciple of both Bentham (utility theory of value) and Ricardo (labor theory of value), he sought to combine two rivalry theories of value. While Mill’s attempt ultimately proved futile, it was not because he could not make up his mind. Mill wanted to reshape capitalism’s image. He wanted to reform capitalism, to show …

"Introduction" To "Symposium: The Fate Of Anglo-American Capitalism", Sandra J. Peart

Jepson School of Leadership Studies articles, book chapters and other publications

The call for papers in this special issue asked whether there is a future for the robust sort of capitalism favoured by Adam Smith or whether we have reached a limit to Anglo-American capitalism as the engine of human betterment. Contemporary events loomed large late in 2008 and it seemed appropriate to consider whether Anglo-American capitalism was passing away. We were particularly interested in contributions that viewed current economic events through a lens informed by Smith's teaching on institutions, money and economic growth.

The Myth Of Endless Accumulation: A Feminist Inquiry Into Globalization, Growth, And Social Change, Martha Freymann Miser

Antioch University Dissertations & Theses

This theoretical dissertation examines the concept of growth and its core assumption—that the continual accumulation of wealth is both socially wise and ecologically sustainable. The study challenges and offers alternatives to the myth of endless accumulation, suggesting new directions for leadership and social change. The central question posed in this inquiry: Can we craft a more ethical form of capitalism? To answer this question, the study examines conventional and critical globalization studies; feminist scholarship on standpoint, political economy, and power; and the Enlightenment notions of progress and modernism, drawing on a number of works, including Aristotle on the three intelligences, …

The State‐Led Transition To Liberal Capitalism: Neoliberal, Organizational, World‐Systems, And Social Structural Explanations Of Poland’S Economic Success, Lawrence P. King, Aleksandra Sznajder Lee

Political Science Faculty Publications

Neoliberals argue that rapid liberalization and privatization can transform postcommunist economies into Western-style capitalist systems. Organizational sociologists argue that these policies produce a unique variety of capitalism, while world-systems theorists argue that they lead to underdevelopment. This article advances a social structural alternative in a crucial case. Poland’s relative economic success resulted from prolonged state ownership and an interventionist state employing various industrial policy tools that facilitated efficiency-enhancing market-oriented restructuring before ushering in beneficial foreign direct investment. The resulting capitalist system closely resembles the typical pattern found in most late industrializers.

Book Review: When Corporations Rule The World (Second Edition), The Post Corporate World: Life After Capitalism, Glen Kuecker

History Faculty publications

No abstract provided.

The Great Transition: The Dynamics Of Market Transitions And The Case Of Russia, 1991-1995, Jeffrey K. Hass

Sociology and Anthropology Faculty Publications

The market transition in Eastern Europe and the former Soviet Union brings us back to essential issues that Marx and Weber addressed: the genesis of capitalism and the process of economic change. What is the transition and what does it involve - restructuring incentives, creating new laws, learning new culture, or creating new power structures? The answer partially depends on the particular transition (initial conditions, targets, actors' perceptions); but necessary general frameworks remain elusive, and current economic policies and analyses reveal that we understand little more about economic change than a century ago. Recent works on market transitions have furthered …

Can The World Industrialization Project Be Sustained?, Isidor Wallimann

Program for the Advancement of Research on Conflict and Collaboration

No abstract provided.

The Fruits Of Merchant Capital: Slavery And Bourgeois Property In The Rise And Expansion Of Capitalism (Book Review), Edward L. Ayers

History Faculty Publications

Review of the book,The Fruits of Merchant Capital: Slavery and Bourgeois Property in the Rise and Expansion of Capitalism by Elizabeth Fox-Genovese and Eugene D. Genovese. New York: Oxford University Press, 1983.

2. The Renaissance Of Northern Europe, Robert L. Bloom, Basil L. Crapster, Harold A. Dunkelberger, Charles H. Glatfelter, Richard T. Mara, Norman E. Richardson, W. Richard Schubart

Section VI: Renaissance Humanism

The Renaissance north of the Alps was akin to the Italian Renaissance, but it appeared later and developed distinctive features of its own. It had a dual origin in infection and invention. Infection was the result of the brisk traffic of merchants, scholars, princes, soldiers, Churchmen, and artists which passed between Italy and the North, carrying tidings of the new developments in Rome, Florence, Venice, and Milan. In addition, northern Europeans hit on ideas of their own. Since they, like the Italians, were experiencing the growth of trade, urban life, and the centralized state, their response to these events was …

1. The Renaissance In Italy, Robert L. Bloom, Basil L. Crapster, Harold A. Dunkelberger, Charles H. Glatfelter, Richard T. Mara, Norman E. Richardson, W. Richard Schubart

Section VI: Renaissance Humanism

Italian wealth in the fourteenth and fifteenth centuries was a fertile seedbed in which Renaissance civilization flowered. We have already noted how Italy led the way in the development of commercial capitalism. This flourishing economy placed in the hands of a vigorous class of self-made men sufficient wealth to give Italian civilization a gilding of luxury and display such as the Western World had not seen since the fall of Rome. [excerpt]

4. The Rise Of Capitalism, Robert L. Bloom, Basil L. Crapster, Harold A. Dunkelberger, Charles H. Glatfelter, Richard T. Mara, Norman E. Richardson, W. Richard Schubart

Section V: The Rise of Capitalism and the National State to 1500

It will be seen from the foregoing that some of the spirit and practices of modern capitalism were already apparent as early as the eleventh and twelfth centuries. European thought was becoming more secular with the development of a mercantile culture which stressed the production of goods for profit in contrast with the former emphasis on production for use. Medieval man began exploiting opportunities for more effective production and is distribution of the products of farm, mine, and shop. From this search evolved the economic system we call capitalism. In its rudimentary form this institution was not unknown during the …