Political Economy Commons^™

Use Value, Growth, And The Ontology Of Capitalism: Richard Westra Interviewed By Larry Alan Busk, Richard Westra, Larry Alan Busk

Emancipations: A Journal of Critical Social Analysis

No abstract provided.

Neoliberalism & The Care Economy: Exploring The Gendered Impacts Of Social Protection Systems, Rachel Carruthers

Electronic Theses and Dissertations

This thesis examines how neoliberal transformation of social protection policy influences gender dynamics within the care economy. Care is necessary for well-being, but traditionally excluded from economic thinking. This thesis completes a historical overview of how care has been incorporated or excluded by different economic paradigms and is anchored in feminist political economy that emphasizes care as a central consideration. A comparative analysis across California, Texas, and Sweden demonstrates how social protection, specifically access to paid parental leave, varies across regimes and results in inconsistent care outcomes. The findings suggest that social protections can reduce some inequalities, but inadequately address …

Are We Witness To The Disintegration Of Capital’S Laws Of Motion? A Review Of Jodi Dean’S Capital’S Grave: Neofeudalism And The New Class Struggle (Verso Books, 2025), Kai Heron

Emancipations: A Journal of Critical Social Analysis

No abstract provided.

Cash Or Credit: A Collection Of Short Essays About Economic Philosophy And The Trajectory Of Political Economy, Jackson C. Dusart

Student Publications

From John Locke to Herbert Marcuse, discussions about economics and societies have dominated the philosophical battleground. While Adam Smith waged a war against mercantilism, men like Karl Marx and John Stuart Mill, two ideological enemies, were both writing to address the same problems they saw in society. Each one of these men has contributed to a different part of the discussion. In understanding their differences, and their common ground, these essays examine a hypothetical four-hundred-dollar jacket, stolen from the author at Gettysburg College. Each one of these philosophers, each writing at different times and in different circumstances, will attempt to …

Thinking Blue / Writing Red: Marxism And The (Post)Human, Stephen C. Tumino

Publications and Research

Thinking Blue/Writing Red interrogates contemporary culture across a range of texts, from the pandemic (‘Covid’ and ‘Trump Speak’) to high theory (Melville's narratives) and popular culture (Beyoncé's ‘Formation’ and Super Bowl performance, Twin Peaks , metamodern ‘cli-fi’ films). Inspired by Derrida’s idea of the secret, Tumino examines the significance of social movements (Black Lives Matter, Occupy, alter-globalization) and naïve art (Darger, Ryden) to argue that these texts speak of the secrets that capitalism cannot speak. Contending that the cultural surfaces narrate only the ‘nonsecret,’ that to see the social logic of the culture one must dig into what Bruno Latour …

The Contradiction Between Use-Value And Exchange-Value: Ecology, Imperialism, And The Telos Of Production, Larry Alan Busk, Elizabeth Portella

Emancipations: A Journal of Critical Social Analysis

This article elaborates and defends a critique of capitalism which, despite its appearance in various bodies of work, has not been named or systematically differentiated. The critique locates a contradiction between production for use-value and production for exchange-value, or a contradiction in what we call “the telos of production.” While maintaining that it has some basis in Marx’s work, we defend this model as preferable to the critique of capitalism based strictly on the exploitation of labor (which we call the “exploitation-exclusive critique”). We attempt to show this by applying the two approaches to the empirical realities of the ecological …

The Will To Chaos And Disorder: The Behemoth As A Model Of Political Economy, Bernard E. Harcourt

Faculty Scholarship

The history of political economy is tormented by beasts. The most famous is the Leviathan, the giant serpentine monster that figures in Hobbes’s masterpiece of modern political theory. Robert Fredona and Sophus Reinert spotlight another sea monster, the Kraken, that giant octopus or squid with a particular morphology (i.e., its tentacles) that so fittingly describes the grip of multinational corporations, stateless financial capital, social media, and tech giants today. But there are still other monsters in the bestiary of political economy. In this essay, I highlight the Behemoth, a land monster that captures another critical dimension of political economy: the …

The Constraints Within Capitalism: An Evaluation Of Ann E. Cudd's "Enlightened Capitalism" In 'Capitalism, For And Against', Phoebe E. Shown

The Cardinal Edge

There is extreme partisanship in the United States regarding whether or not capitalism should continue to be implemented. This partisanship is apparent in Capitalism, For and Against: A Feminist Debate, by Ann E. Cudd and Nancy Holmstrom. The published debate between Cudd and Holmstrom ultimately discusses whether systemic changes can be placed upon capitalism for an ideal "enlightened capitalism", presented by Cudd, or if the United States should adopt a new economic system altogether, suggested by Holmstrom. I address Ann E. Cudd's argument for an "enlightened capitalism" by summarizing her main ideas, and proceed to refute it on the grounds …

Free Market: The History Of An Idea. By Jacob Soll. Basic Books, 2022. 326 Pp, Index. $32., James K. Galbraith

Emancipations: A Journal of Critical Social Analysis

Review of Free Market: The History of an Idea. Jacob Soll. New York, Basic Books, 2022. 326 pp.

Scarcity Or Economic Insecurity? Two Yardsticks For Measuring Capitalism’S Performance, Costas Panayotakis

Publications and Research

This article argues that capitalism’s relationship to economic insecurity is as important for the evaluation of that system as its relationship to scarcity. Critically analyzing the neoclassical and Marxist focus on capitalism’s relationship to scarcity, the article describes how capitalism’s relationship to economic insecurity offers a more cogent elaboration of these traditions’ shared belief that the economic system should serve people. In particular, while critical of the neoclassical portrayal of capitalism as a system using scarce resources efficiently, this paper also argues, against Marxism, that an alternative to capitalism might be preferable even if scarcity is not abolished.

The Political Economy Of The Apocalypse, James K. Galbraith

Emancipations: A Journal of Critical Social Analysis

The world faces – let us say – four great threats, and because nothing really changes, we know their names: Pestilence, War, Famine, and Death. With modest modernization these categories can serve to guide our minds on a tour of the economic policy choices of the near and distant future.

Adam Smith, Settler Colonialism, And Limits Of Liberal Anti-Imperialism, Onur Ulas Ince

Research Collection School of Social Sciences

Recent scholarship has claimed Adam Smith's frontal attack on the mercantile system as a precocious expression of liberal anti-imperialism. This paper argues that settler colonialism in North America represented an important exception and limit to Smith’s anti-imperial commitments. Smith spared agrarian settler colonies from his invective against other imperial practices like chattel slavery and trade monopolies because of the colonies’ evidentiary significance for his “system of natural liberty.” Smith’s embrace of settler colonies involved him in an ideological conundrum insofar as the prosperity of these settlements rested on imperial expansion and seizure of land from the indigenous peoples. Smith navigated …

Economic Insecurity And Social Stability: An Exploration Of One Of Capitalism’S Vicious Cycles, Costas Panayotakis

Publications and Research

This article analyzes how capitalism’s connection to economic insecurity can, rather than fomenting social unrest, facilitate its reproduction. Also responding to contrasts in the literature between rising insecurity in recent decades and the containment of insecurity in capitalism’s post-war ‘golden age,’ this article explains why growing insecurity is more consistent with capitalism’s normal operation. Underlining the difficulty of replicating post-war efforts to mitigate insecurity through social and welfare policies, this article also sketches how the vicious cycle between capitalism and economic insecurity contributes to other serious social problems, including racism, sexism, xenophobia, the hollowing out of political democracy and a …

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 …

Critical Reflections On America’S Green New Deal: Capital, Labor, And The Dynamics Of Contemporary Social Change, Alex Stoner

Journal Articles

The increasing urgency of the current climate crisis has been accompanied by a growing desire for constructive answers on how to confront the situation effectively and meaningfully. Yet, the pace of global climate change (GCC) continues to accelerate more rapidly than societal, institutional, and individual responses can be formed. The gap between increasingly sophisticated knowledge of objective biophysical threat, on the one hand, and our ability to transform society in accordance with this awareness, on the other hand, highlights the importance of ideology. Ideological barriers have become a major stumbling block for climate change activists and researchers. Focusing on the …

Mutant Neoliberalism: Market Rule And Political Rupture [Table Of Contents], William Callison, Zachary Manfredi

Sociology

Tales of neoliberalism’s death are serially overstated. Following the financial crisis of 2008, neoliberalism was proclaimed a “zombie,” a disgraced ideology that staggered on like an undead monster. After the political ruptures of 2016, commentators were quick to announce “the end” of neoliberalism yet again, pointing to both the global rise of far-right forces and the reinvigoration of democratic socialist politics. But do new political forces sound neoliberalism’s death knell or will they instead catalyze new mutations in its dynamic development?

Mutant Neoliberalism brings together leading scholars of neoliberalism—political theorists, historians, philosophers, anthropologists and sociologists—to rethink transformations in market rule …

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 …

Teoria Da Crise E A Queda Da Taxa De Lucro, David Harvey

Publications and Research

Abstract:

David Harvey’s article argues against the importance given to the law of the tendency of the rate of profit to fall (TRPF), suggest­ing that Marx derived the « law » under « draconian » assumptions and that Engels was far more enthusiastic about it than Marx, who never went back to the theory later in his life despite its evident incompleteness. Therefore, he argues, we should not take his the­oretical conclusions too far. In his view, Marx perceived crises as momentary and violent eruptions that resolve the existing contra­dictions which can be considered as opportunities of capitalist re­construction rather …

Between Commerce And Empire: David Hume, Colonial Slavery, And Commercial Incivility, Onur Ulas Ince

Research Collection School of Social Sciences

Eighteenth-century Enlightenment thought has recently been reclaimed as arobust, albeit short-lived, cosmopolitan critique of European imperialism. Thisessay complicates this interpretation through a study of David Hume’s reflectionson commerce, empire, and slavery. I argue that while Hume condemned thecolonial system of monopoly, war, and conquest, his strictures against empiredid not extend to colonial slavery in the Atlantic. This was because colonialslavery represented a manifestly uncivilinstitution when judged by enlightened metropolitan sensibilities, yet also adecisively commercial institutionpivotal to the eighteenth-century global economy. Confronted by the paradoxical“commercial incivility” of modern slavery, Hume opted for disavowing the linkbetween slavery and commerce, and confined his …

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 …

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 …

Gleaning As A Transformational Business Model For Solidarity With The Poor And Marginalized, Bruce D. Baker

SPU Works

“Gleaning” refers to the mandate within the Mosaic Law that harvesters should leave behind “gleanings” for the sake of the poor who subsist on the literal and figurative margins of society. Although this biblical mandate is generally neglected and considered irrelevant in modern business practice, it holds powerful lessons to help guide modern businesses into transformational solidarity with the poor and marginalized. This paper interprets the biblical significance of gleaning, to discern how the principles of gleaning, though rooted in ancient agrarian culture, might be applicable to modern business which is generally far removed from agriculture. The exegesis and analysis …

Discourses Of "Cruelty-Free" Consumerism: Peta, The Vegan Society And Examples Of Contemporary Activism, Andrea Springirth

Dissertations, Theses, and Capstone Projects

This paper draws upon the principles of critical discourse analysis in order to examine the production of capitalist and consumerist discourses within contemporary nonhuman animal rights activism. The analysis presents evidence to suggest that the discourses being produced via the websites of People for the Ethical Treatment of Animals (PETA) and The Vegan Society are consistently being constructed through market-centric ideologies that treat activists mainly as middle-class consumers. This paper argues that the consistent presence of neoliberal discourse signals an instructive entanglement with broader sociopolitical issues. Specifically, there are concerns as to how this discourse relates to what is thought …

Friedrich List And The Imperial Origins Of The National Economy, Onur Ulas Ince

Research Collection School of Social Sciences

This essay offers a critical reexamination of the works of Friedrich List by placing them in the context of nineteenth-century imperial economies. I argue that List's theory of the national economy is characterised by a major ambivalence, as it incorporates both imperial and anti-imperial elements. On the one hand, List pitted his national principle against the British imperialism of free trade and the relations of dependency it heralded for late developers like Germany. On the other hand, his economic nationalism aimed less at dismantling imperial core-periphery relations as a whole than at reproducing these relations domestically and expanding them globally. …

From The Classical School To Today: The Evolution Of Stagnation Theories, Francis J. Lukacovic Ii

Applied Economics Theses

The purpose of this thesis is to study the theory of secular stagnation, which was made famous by the American Keynesian economist Alvin Hansen in his book Full Recovery or Stagnation. The theory of secular stagnation has reappeared in economic circles today due to recent economic conditions since the financial crisis of 2007-2008. The thesis will analyze the history of the stagnation theory dating back to Classical economists in the 19^th century. The concept of a stagnating economy has been talked about for centuries with many economists adding important thoughts. Furthermore, the thesis will address the current questions and …

Madison Vanguard: A Novel, Berni Moestafa

Dissertations, Theses, and Capstone Projects

This capstone project takes the form of a popular fiction novel that introduces parts of the academic discussion on capitalism to a wider audience through storytelling. Using a fictional fiscal crisis in New York as its setting, the novel discusses the relationship between capitalism and democracy. It therefore aims to address the underrepresentation of the debate on capitalism in popular entertainment and raise awareness about some of the debate’s key issues.

Popular culture be that music, film, books, media, videogames or advertisement surround our lives and expose us to a plethora of messages that help shape our understanding of the …

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 …

Blood, Organs And Other Tissues For Sale: Diamela Eltit's Impuesto A La Carne And The Afterwards Of The Neoliberal Development In Latin America., Wanda I. Ocasio- Rivera

Hispanic Studies Publications

Abstract

Blood, organs and other tissues for sale: Diamela Eltit's Impuesto a la carne and the afterwards of the neoliberal development in Latin America.

As Marx elaborated in Capital: Volume I at the moment human labour is sold, the subject participates in an ominous plot where she/he becomes a commodity. In a capitalist mode of production, the subject’s alienation from his/her humanity occurs because the individuals can only express labor through a privately-owned system of production in which he/she is an instrument, an object. This dehumanization process submits the subject under the exchange transactions of the market, where labor value …

Not A Partnership In Pepper, Coffee, Callico, Or Tobacco: Edmund Burke And The Vicissitudes Of Colonial Capitalism, Onur Ulas Ince

Research Collection School of Social Sciences

This essay examines the tensions between liberalism and capitalism through an analysis of Edmund Burke's works on eighteenth-century liberal political economy and, specifically the challenges posed by colonial capitalism. When criticizing the East India Company Burke attempted to fortify "commercial" principles, on which British self-image rested, against the "rapacious" policies of British imperialism in India, which threatened this liberal self-image. His denunciation of the Company thus can be construed as an index to broader contradictions between the liberal self-image of capitalism and the coercive processes of colonial displacement and extraction that were an integral part of capitalism's emergence. The article, …