It is well known that Karl Marx explained profit in capitalist economies as arising primarily from the exploitation of productive labor. Less generally understood is Marx’s theory as to the economic logic of capitalist exploitation, in particular the sense in and degree to which the latter depends on direct capitalist control of production, which Marx termed the subsumption of labor under capit...

For many of the contributors to this volume, theory is a method for describing preindustrial societies, rather than a set of testable propositions derived from a model. Nevertheless, a number of the essays on different societies may be of interest to comparative economists. Joseph Henrich presents a sophisticated argument against the use of cost/ benefit analysis to explain peasant agricultural...

Comparing a process of laborand capital-augmenting technical change directed by capitalists’ maximization of profits with a counterfactual in which decentralized innovation decisions are governed by noncapitalist property relations, I claim that if the two economies start from the same technology and capital stock there’s a date T such that after T per-capita consumption is always strictly grea...

In the global society, the economy plays a dominant role. After the downfall of communism, a globalised market has emerged that extends across nearly all countries and regions. But, in theoretical discussions as well as in public opinion, the role of the economy is often in doubt. This is especially the case in ethics. On the one hand, there are those who see the capitalist market economy as th...

This paper interrogates and situates theoretically from a Marxist perspective various aspects and tensions that inhere in the contemporary academic publishing environment. The focus of the article is on journal publishing. The paper examines both the expanding capitalist control of the academic publishing industry and some of the efforts being made by those seeking to resist and subvert the cap...

How capitalist organizations ensure the obedience of its members has long been a matter of discussion. Behind the idealism of “market freedom” lie more troubling realities of daily subordination and ideologies of conformity. Increasingly scholars have studied the effect of subjugating subjectivities present in capitalist production. Two specific features of modern capitalism have been the utili...

The Washington Consensus, through which neoliberal global capitalist governance gained hegemony over the third world, entered a crisis in the late 1990s. Triggered by the 1997 Asian financial crisis, and by contestations of neoliberal governance from global civil society, two remakings of global capitalist governance can be identified: A ‘post-Washington consensus’ whose relation to neoliberali...

Zhigoneshi describes the symbiotic dependencies that weave together to produce world. The Kogi concept of mutuality, as expressed in their word zhigoneshi, conveys a picture life series collaborative, cooperative relationships, which understand axiomatic all living processes, including human societies. This is evident relation vertical mountain economy and view exchange. Consequently, for Kogi,...

type, even at this level we can only determine state structures and policies insofar as they are necessitated by the dominant mode of accumulation. Thus, to a large extent, the content of the theory of the state must be developed at the historical level of analysis. A purely capitalist society is conceived of as a global society without external relations, but this is a high level of abstractio...

Frankfurt School’s critical theory provides a framework to study mass media. In Dialectic of Enlightenment, Adorno and Horkheimer, two the most prominent theorists School, coined term “culture industry” discuss state entertainment sector. However, School were either dead or they simply did not analyze case video games when medium became an important agent both in social economic terms. The main...