Why capitalism survives crisis: the shock absorbers
The book, authored in the main by Simon Stander and true to the interdisciplinary nature of political economy, focuses attention on why capitalism survives crises by developing the novel argument that it has moved on from its 19th century embodiment to include a class of shock absorbers. This class,...
Gespeichert in:
| Format: | Elektronisch E-Book |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Bingley, U.K.
Emerald
2009
|
| Schriftenreihe: | Research in political economy
v. 25 |
| Schlagworte: | |
| Online-Zugang: | DE-634 DE-1043 DE-M347 DE-523 DE-91 DE-473 DE-19 DE-355 DE-703 DE-20 DE-706 DE-824 DE-29 DE-739 Volltext |
| Zusammenfassung: | The book, authored in the main by Simon Stander and true to the interdisciplinary nature of political economy, focuses attention on why capitalism survives crises by developing the novel argument that it has moved on from its 19th century embodiment to include a class of shock absorbers. This class, consisting of fractionalised individuals, absorbs the massive surpluses of produced commodities while buffering capitalism against the declines of values during crises of the financial system. This gives rise to Reformism, rather than class conflict, which becomes a central feature in the political arena. The absorptive class in its dialectical relationship to the other two major classes, capitalist and working class, is vital for this reformist tendency; in this context consideration of the individual in a narcissistic social environment also becomes a focus of attention. With its distinct importance, the absorptive class helps glue capitalist economy and state together, and this provides an understanding of the contradiction between the need for a 'big' state in the interest of the absorption of commodities and the 'small state' in the interest of efficient resource allocation and profit. The second portion of the volume considers the application and conceptualization of the value theory by two leading academics in political economy and concludes with an exposition of the methodology differences between two important Japanese Marxian economists |
| Beschreibung: | 1 Online-Ressource (299 Seiten) |
| ISBN: | 9781848555877 |
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| 520 | 3 | |a The book, authored in the main by Simon Stander and true to the interdisciplinary nature of political economy, focuses attention on why capitalism survives crises by developing the novel argument that it has moved on from its 19th century embodiment to include a class of shock absorbers. This class, consisting of fractionalised individuals, absorbs the massive surpluses of produced commodities while buffering capitalism against the declines of values during crises of the financial system. This gives rise to Reformism, rather than class conflict, which becomes a central feature in the political arena. The absorptive class in its dialectical relationship to the other two major classes, capitalist and working class, is vital for this reformist tendency; in this context consideration of the individual in a narcissistic social environment also becomes a focus of attention. With its distinct importance, the absorptive class helps glue capitalist economy and state together, and this provides an understanding of the contradiction between the need for a 'big' state in the interest of the absorption of commodities and the 'small state' in the interest of efficient resource allocation and profit. The second portion of the volume considers the application and conceptualization of the value theory by two leading academics in political economy and concludes with an exposition of the methodology differences between two important Japanese Marxian economists | |
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| contents | Introduction / Victor Kasper, Paul Zarembka -- The absorptive class / Simon Stander -- State theory and civil society / Simon Stander -- The commodity / Simon Stander -- Production of the consumer society under capitalism / Simon Stander -- Narcissism and the fractionalization of the individual / Simon Stander -- Economic crises and the theory of the tendency of the rate of profit to fall / Simon Stander -- Reformism, class consciousness and class action / Simon Stander -- On the labor theory of value : statistical artefacts or regularities? / Lefteris Tsoulfidis, Dimitris Paitaridis -- Limits and challenges of the consistency debate in Marxian value theory / G. Carchedi -- Methodological differences between two Marxian economists in Japan : Kozo Uno and Sekisuke Mita / Shuichi Kakuta |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T21:39:04Z |
| indexdate | 2024-08-02T00:19:24Z |
| institution | BVB |
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| language | English |
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| spelling | Why capitalism survives crisis the shock absorbers edited by Paul Zarembka Bingley, U.K. Emerald 2009 1 Online-Ressource (299 Seiten) c rdamedia cr rdacarrier Research in political economy v. 25 Introduction / Victor Kasper, Paul Zarembka -- The absorptive class / Simon Stander -- State theory and civil society / Simon Stander -- The commodity / Simon Stander -- Production of the consumer society under capitalism / Simon Stander -- Narcissism and the fractionalization of the individual / Simon Stander -- Economic crises and the theory of the tendency of the rate of profit to fall / Simon Stander -- Reformism, class consciousness and class action / Simon Stander -- On the labor theory of value : statistical artefacts or regularities? / Lefteris Tsoulfidis, Dimitris Paitaridis -- Limits and challenges of the consistency debate in Marxian value theory / G. Carchedi -- Methodological differences between two Marxian economists in Japan : Kozo Uno and Sekisuke Mita / Shuichi Kakuta The book, authored in the main by Simon Stander and true to the interdisciplinary nature of political economy, focuses attention on why capitalism survives crises by developing the novel argument that it has moved on from its 19th century embodiment to include a class of shock absorbers. This class, consisting of fractionalised individuals, absorbs the massive surpluses of produced commodities while buffering capitalism against the declines of values during crises of the financial system. This gives rise to Reformism, rather than class conflict, which becomes a central feature in the political arena. The absorptive class in its dialectical relationship to the other two major classes, capitalist and working class, is vital for this reformist tendency; in this context consideration of the individual in a narcissistic social environment also becomes a focus of attention. With its distinct importance, the absorptive class helps glue capitalist economy and state together, and this provides an understanding of the contradiction between the need for a 'big' state in the interest of the absorption of commodities and the 'small state' in the interest of efficient resource allocation and profit. The second portion of the volume considers the application and conceptualization of the value theory by two leading academics in political economy and concludes with an exposition of the methodology differences between two important Japanese Marxian economists Business & Economics Free Enterprise Financial crises & disasters Political Science Economic Conditions Political economy Capitalism Kasper, Victor Sonstige oth Tsoulfidis, Lefteris Sonstige oth Zarembka, Paul Sonstige oth https://www.emerald.com/insight/publication/doi/10.1108/S0161-7230(2009)25 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Why capitalism survives crisis the shock absorbers Introduction / Victor Kasper, Paul Zarembka -- The absorptive class / Simon Stander -- State theory and civil society / Simon Stander -- The commodity / Simon Stander -- Production of the consumer society under capitalism / Simon Stander -- Narcissism and the fractionalization of the individual / Simon Stander -- Economic crises and the theory of the tendency of the rate of profit to fall / Simon Stander -- Reformism, class consciousness and class action / Simon Stander -- On the labor theory of value : statistical artefacts or regularities? / Lefteris Tsoulfidis, Dimitris Paitaridis -- Limits and challenges of the consistency debate in Marxian value theory / G. Carchedi -- Methodological differences between two Marxian economists in Japan : Kozo Uno and Sekisuke Mita / Shuichi Kakuta Business & Economics Free Enterprise Financial crises & disasters Political Science Economic Conditions Political economy Capitalism |
| title | Why capitalism survives crisis the shock absorbers |
| title_auth | Why capitalism survives crisis the shock absorbers |
| title_exact_search | Why capitalism survives crisis the shock absorbers |
| title_exact_search_txtP | Why capitalism survives crisis the shock absorbers |
| title_full | Why capitalism survives crisis the shock absorbers edited by Paul Zarembka |
| title_fullStr | Why capitalism survives crisis the shock absorbers edited by Paul Zarembka |
| title_full_unstemmed | Why capitalism survives crisis the shock absorbers edited by Paul Zarembka |
| title_short | Why capitalism survives crisis |
| title_sort | why capitalism survives crisis the shock absorbers |
| title_sub | the shock absorbers |
| topic | Business & Economics Free Enterprise Financial crises & disasters Political Science Economic Conditions Political economy Capitalism |
| topic_facet | Business & Economics Financial crises & disasters Political Science Political economy Capitalism |
| url | https://www.emerald.com/insight/publication/doi/10.1108/S0161-7230(2009)25 |
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