Patriarchy above the glass ceiling

DT Cochrane The logic of accumulation is not the only logic that motivates capitalists. As fully actualized human beings, they remain complex in their desires. Rather, the logic of accumulation is dominant and, Nitzan and Bichler argue, pervasive and ascendant; increasingly operating beyond the business domain. However, the other logics, or principles of behaviour, that […]

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Video & Paper: Capital Accumulation: Fiction and Reality

Presentation at UQAM, Montreal, organized by Association des Étudiants en Sciences Économiques (AESE UQAM), March 31, 2015 There are many explanations for the recent global crisis, but most seem to agree that the origins of this crisis are largely financial: the crisis started in and was amplified by the financial sector. Of course, when economists […]

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No. 2015/02: McMahon, ‘Marxism, Culture and the Measurement of Value’

Abstract Various studies of mass culture use the Marxist labour theory of value to conceptualize how capital is being accumulated from cultural production and its broader social and immaterial dimensions. However, there is a significant methodological problem that lingers. The issue stems from the concept of economics and, more technically, the definition of capital. If […]

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Profits and Terror in Argentina in the 1970s

Joe Francis New data on the profitability of Argentina’s largest corporations help explain the origins of its last military dictatorship. During Argentina’s military dictatorship of 1976-1983, up to 30,000 people were killed by the armed forces. Figure 1 provides an indication of why. The thick line is a ‘profit margin index’ of the fifty largest […]

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Baines, ‘Fuel, Feed and the Corporate Restructuring of the Food Regime’

Abstract The agrofuel boom has brought about some of the most significant transformations in the world food system in recent decades. A rich and diverse body of agrarian political economy research has emerged that elucidates the conflicts and redistributional shifts engendered by these transformations. However, less attention has been given to differences within agri-food capital. […]

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Differential Taxation: A Convergence of Interests between American Banking and Government

Mladen Ostojic Recommended reading by the Transnational Institute (TNI) of Policy Studies: This paper demonstrates that the interests of American banking and government have converged since the early 1980s and relates this trend to modern financial deregulation, revealing a symbiosis that would later influence the global financial crisis of 2007-2008. An examination of corporate profit […]

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Brennan, ‘Ascent of Giants: NAFTA, Corporate Power and the Growing Income Gap’

Abstract There is growing awareness in Canada of how unequal society is becoming. It is probably most obvious in the gap between the compensation of Canada’s highest paid corporate executives and the average worker. The political pressure to do something to close this gap, for example by increasing taxes at the top of the income […]

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Di Muzio, ‘The Plutonomy of the 1%: Dominant Ownership and Conspicuous Consumption in the New Gilded Age’

Abstract This article offers a study on the plutonomy of dominant owners and what their consumptive practices might tell us from the lens of the capital as power framework in IPE. I argue that the differential consumption of dominant owners is an important dimension of an internationalised capitalist mode of power for two reasons. First, […]

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Di Muzio, ‘The 1% and the Rest of Us: A Political Economy of Dominant Ownership’

Abstract While the Occupy movement faces many strategic and organizational challenges, one of its major accomplishments has been to draw global attention to the massive disparity of income, wealth and privilege held by 1% of the population in nations across the world. In The 1% and the Rest of Us, Tim Di Muzio explores what […]

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No. 2015/01: Hager, ‘Public Debt as Corporate Power’

Abstract In various writings Karl Marx made references to an ‘aristocracy of finance’ in Western Europe and the United States that dominated ownership of the public debt. Drawing on original research, this paper offers the first comprehensive analysis of the pattern of public debt ownership within the US corporate sector. The research shows that over […]

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No. 2014/05: Fix, ‘Putting Power Back Into Growth Theory’

Abstract Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play no role. Unfortunately, when this assumption is tested against real-world evidence, it is systematically violated. This paper argues that a reality-based growth theory must reject neoclassical principles in favour of a power-centered approach. Building on Nitzan and […]

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