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Development, Capitalism, and Rent by Hannes Warnecke-Berger Pdf
This book combines Hartmut Elsenhans’ ideas on the laws of motion of capitalism and his approach to world system analysis and rent theory, his thoughts on development theory and finally, international relations and the past, present, and future dynamics of the international system. Hartmut Elsenhans shows that capitalist growth depends on rising mass incomes and on the strength of labor unions and their bargaining power. This alternative approach challenges mainstream assumptions on capitalism, growth, and development by both leading leftist authors, such as David Harvey, Immanuel Wallerstein, Andre Gunder Frank or Samir Amin, as well as by neoclassical economists and western institutionalist political and social scientists. Hartmut Elsenhans offers a unique approach to understand the dynamics of capitalism as well as the prospects for development. This Festschrift brings together his major contributions on these topics that were initially never or only published in German or French.
Not Paying the Rent by Neil Wilcock,Edgar Federzoni dos Santos Pdf
This is a conversational book with chapters directly followed by responses from experts. The main authors propose that the failure in development is not due to capitalism but rather rentism, which is earnings based on political rather market returns. Rent prevents development and ingrains social and economic inequalities. Using the case study of Brazil’s economic development, it is shown how development fails because policies Brazil and other low to middle-income countries promote do not overcome the main obstacle to development - rent. The overcoming of rent would occur within a model of globalisation whereby the advanced economics still prosper concurrently as the poorest countries grow, all underpinned by international organisations defending a rule-based globalisation. Not Paying the Rent: Imagining a Fairer Capitalism presents a new application of the theory of rent, both historically in the case of Brazil, and in practical terms in tackling it through modern international organisations. It will be relevant to students, researchers, and general readers interested in inequality and development economics.
Rents, Rent-Seeking and Economic Development by Mushtaq Husain Khan,Jomo Kwame Sundaram Pdf
The concepts of rents and rent-seeking are central to any discussion of the processes of economic development. Yet conventional models of rent-seeking are unable to explain how it can drive decades of rapid growth in some countries, and at other times be associated with spectacular economic crises. This book argues that the rent-seeking framework has to be radically extended by incorporating insights developed by political scientists, institutional economists and political economists if it is to explain the anomalous role played by rent-seeking in Asian countries. It includes detailed analysis of Thailand, Malaysia, the Philippines, the Indian sub-continent, Indonesia and South Korea. This new critical and multidisciplinary approach has important policy implications for the debates over institutional reform in developing countries. It brings together leading international scholars in economics and political science, and will be of great interest to readers in the social sciences and Asian studies in general.
Capitalism, Development and Empowerment of Labour by Hartmut Elsenhans Pdf
The dominant neoliberal approach presents politics and political economy as nuisances which disturb the smooth operation of self-regulating markets. But political economy is not merely an academic issue – it is a class issue, and this book forcefully argues that political economy should return to a central position in the study of the social sciences. Offering nothing less than a reconciliation of Marxian, Keynesian and neoclassical economics, the work opens with a discussion of the key, interconnected economic concepts which help us to understand capitalism: price, income, profit, value, growth and crisis. Prices reflect income distribution and therefore class relations, and the chapters show that the very emergence of capitalism resulted from mass empowerment of the so-called "lower orders". Profit is always available if entrepreneurs spend on net investment and create incomes for additional labour; this, in turn, requires expanding demand, and so therefore profit depends on rising mass incomes. Conversely, underdevelopment is the result of the destitution and disempowerment of the masses. In the Global South today, it is clear that enormous riches go hand in hand with widespread misery and poverty because the market does not transform wealth into the kind of investment that might benefit all. This book argues that the new wealth triggered by productivity increases has enabled the rich to liberate themselves from the capitalist constraints of competition and waste their new wealth in the form of rents. The main threat today is, in fact, the globalisation of rent. The text makes a point for a progressive counter strategy: capitalist structures that empower labour need to be transferred to the Global South. This requires political and economic efforts towards empowering labour in the Global South. This book demonstrates the analytical power of political economy for all social scientists and will be invaluable reading for economists, political scientists and sociologists in particular.
Development, Capitalism, and Rent by Hannes Warnecke-Berger Pdf
'The essays in this volume are refreshingly different in their tone and mode of analysis. Using a few basic concepts like rent, balance of class power, and wage-led growth through mass consumption, the author provides a multi-dimensional explanatory framework for development. With impressive scholarship, he links history, economics and sociology seamlessly with country-based observations. Whether in agreement or not, the reader, an experienced researcher or an aspiring scholar, will feel greatly rewarded by the insightful freshness of these essays.' -Amit Bhaduri, Professor Emeritus, Jawaharlal Nehru University, New Delhi, India 'One of my greatest revelations as a young scholar came when I read Hartmut Elsenhans' 1983 article "Rising Mass Incomes as a Condition of Capitalist Growth". Almost 30 years, and dozens of articles, later, Elsenhans' much more fully developed theory still provides one of the freshest, most insightful, and coherent policy-relevant visions of the economy of our supposedly "post"-colonial world. This volume celebrates Elsenhans' long career with a welcome introduction to his vision.' -Craig N. Murphy, Betty Freyhof Johnson '44 Professor, Wellesley College, USA 'Hartmut Elsenhans is the most clear-sighted political economist of our time. This book rounds out his theory of rent with a series of articles not previously available in English. Highly recommended!' -Salvatore Babones, University of Sydney, Australia This book combines Hartmut Elsenhans' ideas on the laws of motion of capitalism and his approach to world system analysis and rent theory, his thoughts on development theory and finally, international relations and the past, present, and future dynamics of the international system. Hartmut Elsenhans shows that capitalist growth depends on rising mass incomes and on the strength of labor unions and their bargaining power. This alternative approach challenges mainstream assumptions on capitalism, growth, and development by both leading leftist authors, such as David Harvey, Immanuel Wallerstein, Andre Gunder Frank or Samir Amin, as well as by neoclassical economists and western institutionalist political and social scientists. Hartmut Elsenhans offers a unique approach to understand the dynamics of capitalism as well as the prospects for development. This Festschrift brings together his major contributions on these topics that were initially never or only published in German or French. Hannes Warnecke-Berger is Senior Researcher at the University of Kassel, Germany. He is a political scientist and the author and editor of various books and articles, including Politics and Violence in Central America and the Caribbean (2018), and Politics and History of Crime and Violence in Central America (2017).
Residential Capitalism by Javier Moreno Zacarés Pdf
Over the last decade, Spain has become an emblem of the contradictory relationship between capitalism and housing. During the house-price boom of the 2000s, Spain built homes on an unprecedented scale, with output levels that overshadowed those of every major European economy. Nevertheless, when the fortunes of real estate markets turned, a wave of repossessions ensued, and a massive number of households were thrown out into the street as a sizeable portion of the housing stock was lying vacant. In turn, the implosion of Spanish residential capitalism triggered an intense wave of unrest that has come to shape a decade of political turmoil. This book uses the Spanish case to bring to light, and theorise, the workings of residential capitalism. The author traces the evolution of residential provision from the nineteenth century to the present, situating the transformation of the housing market in a context of ongoing social change and conflict. The book shows how the present needs to be understood by looking at the historical process through which residential provision became subsumed under the logic of capitalist accumulation but also at a long genealogy of struggles around urbanisation and housing, the outcomes of which remain crystallised in Spain’s urban institutions. The author reveals how both residential capitalist development and urban social conflict have constituted each another, casting light on the historical relationship between housing crises, urban unrest, and the evolution of real estate markets. The book develops a historicist framework to understand residential capitalism, an important contribution for an age in which real estate markets have come to determine the rhythms of global capital. Addressing key issues and debates in the field, including the financialisation of housing, the politics of scale and urban entrepreneurialism, the political economy of the Eurozone, and the history of capitalist development, this book will be of great interest to students and scholars of political economy, as well as those engaged in crossover fields such as housing studies, urban geography, or financial geography.
How did Britain’s economy become a bastion of inequality? In this landmark book, the author of The New Enclosure provides a forensic examination and sweeping critique of early-twenty-first-century capitalism. Brett Christophers styles this as ‘rentier capitalism’, in which ownership of key types of scarce assets—such as land, intellectual property, natural resources, or digital platforms—is all-important and dominated by a few unfathomably wealthy companies and individuals: rentiers. If a small elite owns today’s economy, everybody else foots the bill. Nowhere is this divergence starker, Christophers shows, than in the United Kingdom, where the prototypical ills of rentier capitalism—vast inequalities combined with entrenched economic stagnation—are on full display and have led the country inexorably to the precipice of Brexit. With profound lessons for other countries subject to rentier dominance, Christophers’ examination of the UK case is indispensable to those wanting not just to understand this insidious economic phenomenon but to overcome it. Frequently invoked but never previously analysed and illuminated in all its depth and variety, rentier capitalism is here laid bare for the first time.
Capitalism, Institutions, and Economic Development by Michael G. Heller Pdf
In this forthright challenge to relativist economic recipes for growth and culturalist-incrementalist views in institutional economics, Heller draws on Weber, Schumpeter, and Hayek to present a new universalistic vision of capitalism's depersonalized institutions as well as the ideological policies needed during constructed capitalist transitions.
Author : Peter Searle Publisher : University of Hawaii Press Page : 344 pages File Size : 54,5 Mb Release : 1998-11-01 Category : Business & Economics ISBN : 0824820533
The Riddle of Malaysian Capitalism by Peter Searle Pdf
Is capitalism in Southeast Asia 'real' or a 'chimera', that is, some Southeast Asian derivative of capitalism that ultimately will not be sustainable? Malaysia, where an intimate relationship has been forged between the state and business in an effort to create Malay capitalists, presents an interesting and illuminating case in the debate. In this work Peter Searle identifies the complex interaction between the state, the dominant political party (UMNO) and business as the source of dynamism or defeat in the development of Malay capitalists. He also challenges a common view that Chinese business groups are completely different from Malay business groups. Overall this study argues against drawing sharp contrasts between dependency and self-reliance, between state and capital, and between rent-seekers and true 'productive' capitalists. For it is from that amalgam of categories and groups the study concludes that a form of capitalism is emerging in Malaysia which is nonetheless remarkably dynamic and resilient, despite its unorthodox origins.
Capitalism, Dependency and Ultra-Imperialism by Hartmut Elsenhans Pdf
This book assembles main contributions to an alternative explanation of globalisation and the political economic structures of the international system. As the result of capitalism, globalisation does not transfer basic capitalist structures from the Centre to the Periphery. Capitalism is based on rising mass incomes that create investment opportunities and, thus, the possibility of profit. A structurally homogeneous and ultraimperialist Centre dominates a deeply fissured Periphery of structurally heterogeneous societies and economies. Capitalism penetrates underdeveloped regions and deforms them through rent, which obstructs expanding internal mass markets while labour goes unempowered. Rent constitutes the basis for state operations and the role of emerging state classes. While globalisation disempowers labour in both the West and in the South, it has given new comparative advantage to the South. The shift from rent appropriation in the South via raw material exports to export-led manufacturing is based on devaluation below purchasing power parity and, hence, on a rent from agriculture that is based on the Green Revolution. Its impact is, however, not always sufficient to compensate for the loss of influence experienced by social reformist forces. A novel multipolar system based on the balance power has emerged. Mutliethnic empires are held together with large varieties of however always identitarian ideologies. This global system is composed of powers that are internally and externally opposed to peaceful change. Across the globe, there is an impending danger of globalisation of rent. Print edition not for sale in South Asia (India, Sri Lanka, Nepal, Bangladesh, Pakistan and Bhutan)
Capitalism, Development and Empowerment of Labour by Hartmut Elsenhans Pdf
The dominant neoliberal approach presents politics and political economy as nuisances which disturb the smooth operation of self-regulating markets. But political economy is not merely an academic issue - it is a class issue, and this book forcefully argues that political economy should return to a central position in the study of the social sciences. Offering nothing less than a reconciliation of Marxian, Keynesian and neoclassical economics, the work opens with a discussion of the key, interconnected economic concepts which help us to understand capitalism: price, income, profit, value, growth and crisis. Prices reflect income distribution and therefore class relations, and the chapters show that the very emergence of capitalism resulted from mass empowerment of the so-called "lower orders". Profit is always available if entrepreneurs spend on net investment and create incomes for additional labour; this, in turn, requires expanding demand, and so therefore profit depends on rising mass incomes. Conversely, underdevelopment is the result of the destitution and disempowerment of the masses. In the Global South today, it is clear that enormous riches go hand in hand with widespread misery and poverty because the market does not transform wealth into the kind of investment that might benefit all. This book argues that the new wealth triggered by productivity increases has enabled the rich to liberate themselves from the capitalist constraints of competition and waste their new wealth in the form of rents. The main threat today is, in fact, the globalisation of rent. The text makes a point for a progressive counter strategy: capitalist structures that empower labour need to be transferred to the Global South. This requires political and economic efforts towards empowering labour in the Global South. This book demonstrates the analytical power of political economy for all social scientists and will be invaluable reading for economists, political scientists and sociologists in particular.
The problem of rent is at the root of vital social concerns in the twenty-first century, ranging from the climate emergency and spiralling economic inequality to the repercussions of global economic crises. But while many of us may be familiar with rent (especially paying it), how should we really understand it? Examining both concrete contexts and complex concepts, in this book Joe Collins provides a comprehensive but concise survey of the theories and debates over rent and rentier capitalism. He examines global gentrification from São Paolo to Dublin, the tyranny of technology from Taipei to San Francisco, and the excesses of extractivism from Sekondi to Karratha. In doing so, he reveals how rent is fundamental to the current dominant form of capitalist social organization across the globe and how we can prevent the next generation from seeing our societies rent asunder. An essential resource for students and scholars alike, this groundbreaking book will be of interest to anyone working on capitalism, property, political economy, economic sociology and contemporary politics.
The Formative Period of American Capitalism by Daniel Gaido Pdf
A valuable postgraduate resource, Gaido’s key text applies Marxist categories of analysis to the study of American history, and expertly deals with such topics as the American Revolution, slavery and racism, and the transition to imperialism.
Residential Capitalism by Javier Moreno Zacarés Pdf
"Over the last decade, Spain has become an emblem of the contradictory relationship between capitalism and housing. During the house-price boom of the 2000s, Spain built homes on an unprecedented scale, with output levels that overshadowed those of every major European economy. Nevertheless, when the fortunes of real estate markets turned, a wave of repossessions ensued, and a massive number of households were thrown out into the street as a sizeable portion of the housing stock lied vacant. In turn, the implosion of Spanish residential capitalism triggered an intense wave of unrest that has come to shape a decade of political turmoil. This book uses the Spanish case to bring to light, and theorise, the workings of residential capitalism. The author traces the evolution of residential provision from the nineteenth century to the present, situating the transformation of the housing market in a context of ongoing social change and conflict. The book shows how the present needs to be understood by looking at the historical process through which residential provision became subsumed under the logic of capitalist accumulation, but also at a long genealogy of struggles around urbanisation and housing, the outcomes of which remain crystallised in Spain's urban institutions. The author reveals how both residential capitalist development and urban social conflict have constituted one another, casting light on the historical relationship between housing crises, urban unrest, and the evolution of real estate markets. The book develops a historicist framework to understand residential capitalism, an important contribution for an age in which real estate markets have come to determine the rhythms of global capital. Addressing key issues and debates in the field, including the financialisation of housing, the politics of scale and urban entrepreneurialism, the political economy of the Eurozone, and the history of capitalist development, this book will be of great interest to students and scholars of political economy, as well as those engaged in crossover fields such as housing studies, urban geography, or financial geography"--
The Dialectic of Capital (2 Vols.) by Thomas Sekine Pdf
This book endeavours to show what capitalism logically is all about. Too much has been talked about without its real identity exposed, or even meant to be exposed.
