Political Economy Commons^™

What Does One Billion Dollars Look Like?: Visualizing Extreme Wealth, William Mahoney Luckman

Dissertations, Theses, and Capstone Projects

The word “billion” is a mathematical abstraction related to “big,” but it is difficult to understand the vast difference in value between one million and one billion; even harder to understand the vast difference in purchasing power between one billion dollars, and the average U.S. yearly income. Perhaps most difficult to conceive of is what that purchasing power and huge mass of capital translates to in terms of power. This project blends design, text, facts, and figures into an interactive narrative website that helps the user better understand their position in relation to extreme wealth: https://whatdoesonebilliondollarslooklike.website/

The site incorporates …

Containerization Of Seafarers In The International Shipping Industry: Contemporary Seamanship, Maritime Social Infrastructures, And Mobility Politics Of Global Logistics, Liang Wu

Dissertations, Theses, and Capstone Projects

This dissertation discusses the mobility politics of container shipping and argues that technological development, political-economic order, and social infrastructure co-produce one another. Containerization, the use of standardized containers to carry cargo across modes of transportation that is said to have revolutionized and globalized international trade since the late 1950s, has served to expand and extend the power of international coalitions of states and corporations to control the movements of commodities (shipments) and labor (seafarers). The advent and development of containerization was driven by a sociotechnical imaginary and international social contract of seamless shipping and cargo flows. In practice, this liberal, …

Essays On Inequality, Growth, And Economic Policy, Philipp E. Erfurth

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that study inequality and regional economics in a historical and development context.

The first chapter examines regional inequality among Habsburg regions from the 19th century to today’s EU by using Geographic Information Systems (GIS) software to recreate historical regions in present-day projections. The findings suggests that regional disparities are markedly higher today than in the 19th century, despite rapid convergence in the past two decades. The study thus provides evidence of retrospective determinism in the study of the Habsburg economy and suggests that, although regional EU policy has been successful over the past two …

Essays On Impacts Of Women Empowerment On The Health Outcomes Of Children, Sagnik Das

Dissertations, Theses, and Capstone Projects

Chapter 1: Taking cognizance of the lack of representation of women in politics, the Indian government in 1993, enacted the 73rd constitutional amendment which led to a sudden increase in the representation of women in the local governments. Exploiting the exogenous variation in the timing of implementation of the 73rd amendment across the states, I study the spillover effects of this mandated empowerment of women on the health outcomes of children by using nationally representative survey data and employing a difference-in-difference estimation strategy. In this study, I find evidence of a positive impact of mandated women empowerment on the survival …

The Euro And Bumps In The Road: Historical Patterns Of Nonresident Holdings In Eurozone Bonds, 1980–2018, Michael H. Scarlatos

Dissertations, Theses, and Capstone Projects

A developed bond market which attracts nonresident investors both enables and reflects a host currency’s transition from domestic to international status. My analysis of historical private nonresident holdings of Eurozone portfolio debt securities spanning the euro’s 1999 creation and its subsequent 2008 crisis reveals diverging patterns.

This analysis, complemented by coefficient stability tests, discovers that the conversion of national currencies to the euro was reflected by a pickup in nonresident holdings of bonds issued by countries adopting the euro, especially those of the periphery (Portugal, Ireland, Italy and Spain) relative to the core (Germany, Austria, Belgium, Finland, France, and the …

Expulsive Greening: A Cross-Sectional Analysis Of Green Gentrification In The Resilience Paradigm, Brooklyn 2010–2020, Rose Jimenez

Dissertations, Theses, and Capstone Projects

Background: This project analyzes the spatial coincidence between gentrification typologies and urban greening in Brooklyn, New York from 2010 to 2020. Assets formed under the NYC Green Infrastructure Program were chosen as a proxy for urban greening to represent the spatial practice specifically within the 21st-century climate change resilience paradigm of development. Methods: First, five indexes measuring variations of economic and demographic conditions related to gentrification were applied to Brooklyn for comparative analysis: NOAA’s Social Vulnerability Indicators of Gentrification Pressure, The NYC Heat Vulnerability Index, The Small Area Index of Gentrification, Typologies of Gentrification and Displacement, and The Housing Risk …

Hudson Yards: Hybrid Capital's New Home, Massimo D. Scoditti

Dissertations, Theses, and Capstone Projects

This thesis focuses on the material and metaphysical aspects of the Hudson Yards, the largest private development in US History. With its roots in the administration of Michael Bloomberg, the site is representative of neoliberal ideology. It is also one in which cultural production is central. This is in terms of the rationalization and mythos of the building of the space itself and the dreamworlds created to obscure the mechanisms of extraction and accumulation that make such a complex possible. The Hudson Yards is particularly interesting because, as Cindi Katz might suggest, topography lines connect it to transnational capital. And …

A Multilevel Analysis Of Political Risk, Marlon J. Guzman Valdera

Dissertations, Theses, and Capstone Projects

This essay aims to diminish the conceptual fragmentation that exists, in relation to political risk, by introducing a multilevel approach to assess risk. While traditional approaches understand political risk to be a result of the political action of host-states against multinationals, this essay shows that there are other actors, like the host-nation civil society and the international community, that also play a role in the production of political risk. Although traditional approaches assert that political risk can solely target multinationals individually, this paper states that risk can affect a firm at an industrial and country level. I claim that political …

Institutions, State Capacity, And Intra-State Conflict: Evidence From A Decade-Long Civil War In Nepal, Nishant Yonzan

Dissertations, Theses, and Capstone Projects

First, while mass armed civil conflicts predominantly occur in weak states, which are states that lack state capacity, it is unclear why not all weak states experience mass armed civil conflict. Second, political stability and highly unequal distribution of resources are opposing forces that are unlikely to coexist together. However, highly unequal societies have existed with relative stability. Indeed, cross-country literature on civil war finds little relationship between conflict and unequal distribution of resources. This dissertation attempts to address these issues using the Civil War in Nepal which lasted from 1996 to 2006.

Institutions are fundamental for the proper functioning …

Reimagining Post-Secondary Training, Community College, And Welfare Supports, Aaron Azerad

Dissertations, Theses, and Capstone Projects

This paper seeks to study the income patterns at the sub-bachelorette level through community colleges and workforce training programs. Using 2018 U.S. Census PUMA microdata, this thesis not only explores which fields of study, industries, and occupations have a sufficient number of observations to determine whether they provide incomes which are commensurate with a middle class livelihood but, also whether these jobs are plentiful in number.

The second goal is to evaluate the effects of the 1996 Personal Responsibility and Work Opportunity Reconciliation Act (the Clinton era welfare reform) and how it has influenced Giuliani era ‘work requirement’ initiatives tied …

A Defense And Expansion Of The Theory Of Capitalist Ground Rent: Speculation, Securitization, And Struggles Over Land And Housing, Francesca Manning

Dissertations, Theses, and Capstone Projects

Why are the rents so high? Who is responsible for homelessness, for urban and rural displacement? How can these problems be combatted?

Recent literature addressing these questions has pointed to gentrification and the financialization of land and housing, faulted financialized landlords, hedge funds, and the irredeemable logic of finance, and pointed to the importance of land and housing regulation to prevent displacement.

However, theories of displacement—in both land and housing, on both urban and rural terrain—suffer from a lack of an underlying theory of the logic, tendencies, and limits of ground rent extraction in capitalism.

This dissertation develops a theory …

Red Sea, White Tides, And Blue Horizons, John P. Devine

Dissertations, Theses, and Capstone Projects

Eric Hobsbawm, in his effort to explain the fundamental divide which produced the Second World War, convincingly argues that “the crucial lines in this civil war were not drawn between capitalism as such and communist social revolution, but between ideological families: on the one hand the descendants of the eighteenth-century Enlightenment and the great revolutions including, obviously the Russian revolution’, on the other hand, its opponents.” This thesis argues that the American Civil War was a “great revolution” that represented a crucial transformative point in the formation of these two waring factions. The struggle was especially influential on the theory …

Original Gangsters: Genre, Crime, And The Violences Of Settler Democracy, Sean M. Kennedy

Dissertations, Theses, and Capstone Projects

Building upon examinations of genericity, subalternity, and carcerality by Black, Indigenous, and women-of-color feminist scholars, my dissertation offers an account of how truth claims are produced and sustained to limit social change in representatively governed societies. Taking the gangster genre as my lens, I first resituate the form, assumed to depict white-ethnic conflict in the U.S. and Europe, as a type of resistance to race-based political economic policies imposed by imperial regimes. After linking the subaltern classes of pre-20th-century southern Europe, southern Africa, South Asia, and the U.S. South—all subjected to criminalization as a mode of colonial and capitalist control—I …

Reclaiming Indiana: The Politics Of Crisis Amid The Failures Of Liberal Capitalist Modernity, Chris Grove

Dissertations, Theses, and Capstone Projects

This ethnography examines grassroots political responses to the economic crisis that began in 2008, foremost in the US Midwest, which arguably laid the groundwork both for the election of President Donald Trump and presidential candidacy of Senator Bernie Sanders. President Obama launched his $787 billion stimulus plan in Elkhart, Indiana, in early 2009. At the height of the crisis, unemployment skyrocketed from four to 20 percent in Elkhart, and it became central to struggles over the political direction of the US. With few safety nets, Elkhart residents struggled to meet their basic needs, creating conditions for political organizing on both …

Building For Culture: How Municipal Ownership Of Cultural Facilities Influences Annual Arts Funding In American Cities, Adam M. Sachs

Dissertations, Theses, and Capstone Projects

This thesis explores how local government support for arts and culture varies across 24 American cities. It has proven to be challenging for researchers to accurately measure municipal arts support. Research on cultural policy has also often focused on the federal level, despite total city expenditures far exceeding national or state government support. This thesis attempts to take an accurate pulse of city expenditures in 2017 and correlates those spending levels to the variation in city ownership of arts facilities. Rooted in the historical perspectives of the ‘new institutionalism’ and path-dependency, this paper argues that past decisions about taking ownership …

Market Making: Crises And The Global Production Of Shipbreaking In Chittagong, Bangladesh, Elizabeth A. Sibilia

Dissertations, Theses, and Capstone Projects

Shipbreaking is a dismantling process with a primary objective of extracting large amounts of steel from ocean-going vessels, oil tankers, bulk cargo carriers, and container ships. As mobile forms of fixed capital, these devalued vessels have experienced a gradual or sudden loss of value. The removal of devalued ships from the world fleet, through an increasingly sophisticated global demolition market and expanding domestic shipbreaking markets, have played a critical role in helping the global shipping sector solve its crises of overproduction since the mid 1970s. Since the early 1990s Bangladesh has become one of the most important domestic shipbreaking markets. …

Runaway: A History Of Postwar New York In Four Factories, Andy Battle

Dissertations, Theses, and Capstone Projects

At midcentury, New York City was among the preeminent manufacturing centers in the United States. Within a generation, this manufacturing economy suffered an extraordinary collapse. Beginning in the 1950s, workers and their unions began to use the term “runaway” to describe factories that pulled up stakes in New York and set them back down in other climes. This dissertation explores the deindustrialization of New York City through case studies of “runaway” plants, or factories that left New York for the American South or abroad between the years 1945 and 1975.

In general, the manufacturers that remained in New York at …

The Origins Of The Jones Act Of Puerto Rico, Stephanie Mercedes

Dissertations, Theses, and Capstone Projects

After the Spanish-American War that ended in 1898, Puerto Rico was given to the United States by Spain as a war booty, becoming a US colony. The first law ever created by the United States to control Puerto Rico was the Foraker Act (also known as the Organic Act of 1900). This established a civilian government in Puerto Rico. It also extended the federal government rulings to the island. After its creation, the Puerto Rican population began to wonder what their political status was since nothing was concretized until the Jones Act was signed. The Merchant Marine Act of 1920, …

From Prison To Homeless Shelter: Camp Laguardia And The Political Economy Of An Urban Infrastructure, Christian D. Siener

Dissertations, Theses, and Capstone Projects

At this time of increasing housing insecurity, recent reforms in homeless shelter policy have attracted the attention of scholars and activists. This research sheds light on these changes by placing them in historical and political-geographic perspective, focusing on the role of homeless shelters in stabilizing social displacement by destabilizing solidarity. It demonstrates historical continuity between prisons and homeless shelters in New York City through a case study of conditions surrounding the transition of Camp LaGuardia, a prison that slowly transformed into the city’s largest, and longest lasting, homeless shelter. The case study is an empirical demonstration of some of the …

Making It Pay To Be A Fan: The Political Economy Of Digital Sports Fandom And The Sports Media Industry, Andrew Mckinney

Dissertations, Theses, and Capstone Projects

This dissertation is a series of case studies and sociological examinations of the role that the sports media industry and mediated sport fandom plays in the political economy of the Internet. The Internet has structurally changed the way that sport fans access sport and accelerated the processes through which the capitalist actors in the sports media industry have been able to subsume them. The three case studies examined in this dissertation are examples of how digital media technologies have both helped fans become more active producers and consumers of sports and made the sports media industry an integral and vanguard …

Capital Growth: Precision Agriculture And Vertical Farming In The Corporate Food Regime, Justin Taylor

Dissertations, Theses, and Capstone Projects

Agriculture in the 21st century has entered a digital age. New technologies emphasize GPS, big data, cloud computing, the Internet of Things, automation, sensors, and robotics, contributing to two modes of modern food production known as precision agriculture and vertical farming. Through an interdisciplinary review of scientific and social scientific scholarship, this paper examines the ways in which these two technologies interact with the global corporate food regime and explores their impact in core, peripheral, and semi-peripheral countries. It also engages in a discourse analysis of promotional materials and interview statements from precision agriculture and vertical farming firms to expose …

The Dictators’ Dilemma: Repression Or Concessions In The Face Of Resistance, Chris Massaro

Dissertations, Theses, and Capstone Projects

The Arab Spring revolts of late 2010 and 2011 were a profound moment in the history of a region troubled by decades of authoritarianism. Years of economic mismanagement and security force repression trammeled on the rights and aspirations of people striving for a better life. When social movements and anti-government protests erupted throughout the region, each country responded to the uprisings with different methodologies. This research closely examines why autocratic regimes of the region chose such divergent responses, with some opting to use violent repression, others attempting to make concessions and most combined repression with concessions. I will make the …

Venezuela: Oil And Madness. Politics, Propaganda, And Realities Of The Chavista Era, Alvaro E. De Prat

Dissertations, Theses, and Capstone Projects

This thesis is an interdisciplinary exploration of Venezuela’s political paradoxes and their consequences during the Chavista years. On a concrete level, in this work I propose how the manner in which Hugo Chávez implemented his at first apparently benign redistributive politics in fact precipitated the country's current humanitarian crisis and what I will argue are the times of starkest inequality in modern Venezuelan history. Integral to this, although on a more philosophical level, here I also offer a theory of how and why Chávez’s representations might have been so misinterpreted.

The list of eminent political thinkers who have vouched for …

Economics, Politics And The Environment, Ron Mandelbaum

Dissertations, Theses, and Capstone Projects

Classical economists were interested in macroeconomic issues, i.e. how the economy worked as a whole and how it grew over time. This is opposed to neo-classical economists, which focus on decision-making processes of individuals and individual firms. This thesis sets out to examine how that change occurred and what it means for the way that economics studies the environment. In order to provide a partial answer to this question, this paper describes the different outlooks between classical and neo-classical economists regarding value. It also examines and contrasts the economic approaches of Marx and Mill, whose way of thinking about social …

The Bourgeois Crown: Capitalism And The Monarchy In Thailand, 1946–2016, Puangchon Unchanam

Dissertations, Theses, and Capstone Projects

In the age of capitalism, monarchy has been treated as if it were an irrelevant institution. Once capitalism becomes the dominant mode of production in a state, it is argued, monarchy must be either abolished or transformed into a constitutional monarchy, a ceremonial institution that plays no significant role in a capitalist state that is ruled by the bourgeoisie. The monarchy of Thailand, however, fits neither of those two narratives, as it enjoys hegemonic status in the capitalist state, preeminent status in the market, and popular support from the urban bourgeoisie. What explains the resilience of the Thai monarchy in …

The New American Slavery: Capitalism And The Ghettoization Of American Prisons As A Profitable Corporate Business, David A. Liburd

Dissertations, Theses, and Capstone Projects

The labor of enslaved Africans and Black Americans played a large part in the history of colonial America, with the American plantation being the epicenter for all that was to be produced. While the two have never been completely tied together, capitalism and modern day slavery have been linked with one another. Some analysis sees slavery as a remote form of capitalism, a substitute, to an antiquated form of labor in the modern world.

Slave plantations adopted a new concentration in size and management, referred to by W.E. DuBois as a change "from a family institution to an industrial system."1 …

Making The Gigantic Suburban Residential Complex In Beijing: Political Economy Processes And Everyday Life In The 2010s, Pengfei Li

Dissertations, Theses, and Capstone Projects

Suburbanization is an ongoing development process in China. Hundreds of thousands of construction projects are being undertaken in outskirts of most Chinese cities, despite the increasing domestic and international concerns over China’s housing oversupply (Xu, 2010; Gough, 2015; Li, 2015). The suburbanization of China, however, is fundamentally different from the suburbanization of most Western countries, especially the United States, whose massive post-war suburbanization took place as a continuation of its pre-war industrialization and urbanization movements. In the Chinese context, suburbanization is the process of urbanization as well—urbanization and suburbanization have been promoted simultaneously since the 1990s. It is …

Local Immigration Enforcement Entrepreneurship In The Punishment Marketplace, Daniel L. Stageman

Dissertations, Theses, and Capstone Projects

The contemporary neoliberal economic order plays a significant role in American social organization and policy-making. Most importantly, neoliberal ideology drives the creation and imposition of markets in public goods and services and the valorization of free market ideology in cultural life. The neoliberal ‘project of inequality’ is in turn delimited and upheld by an authoritarian system of punishment built around mass incarceration, surveillance, and an unprecedented level of social control directed at the lowest strata of American society – a group that includes both the urban underclass, and unauthorized immigrants.

This study lays out the theory of the punishment marketplace …

Capitalism And Unfreedom: Louis D. Brandeis And A Liberty Of The Left, Eric L. Apar

Dissertations, Theses, and Capstone Projects

The American Right features a well-developed—and well-heeled—infrastructure for promoting a conception of freedom as inextricable from capitalism. The American Left, by contrast, has seemed content to cede the territory, abandoning the ground of freedom for the terrain of “equality,” “justice,” “fairness,” and “prosperity.” This paper is an effort to address this asymmetry in the public discourse over the meaning of freedom. Its principal objective is to capture the vision of freedom embodied in the political and economic thought of Louis D. Brandeis, one of the American Left’s ablest expositors of freedom.

In addition, the paper has three subsidiary objectives. The …

The Failure Of Post-War Reconstruction In Jaffna, Sri Lanka: Indebtedness, Caste Exclusion And The Search For Alternatives, Ahilan Kadirgamar

Dissertations, Theses, and Capstone Projects

Reconstruction of contemporary war-torn societies can lead to further dispossession and social exclusion, particularly through neoliberal development policies and financialized indebtedness. This dissertation analyses post-war reconstruction of the Jaffna District in the Northern Province of Sri Lanka after the end of a brutal three decade long civil war in May 2009, through a survey and ethnographic study of one village, Pathemany and its oppressed caste quarter, Bharathy Veethy. Drawing on a study of Pathemany village on agrarian change before the war, this study addresses contemporary questions about land, rural incomes, rural debt and caste structure. The study evaluates reconstruction policies …