1 Strange Food, Paper Alexandra Halasz Dartmouth College
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Acquisitions
Acquisitions as of June 30, 2009 African and David Soltker and Irving Dobkin Feldstein Endowment Fund for endowments (2008.206). Decorative Arts (2008.558). Amerindian Art North American Furniture African Mexico Artist unknown, Tea Table, Bwa, Dossi, Burkina Faso, Teotihuacan, Figurine, c. 1750/90, mahogany: Roger and Butterfly Mask, early/mid-20th a.d. 400, greenstone: gift of J. Peter McCormick endow- cen., wood and pigment: Charles Ethel F. and Julian R. Goldsmith ments; restricted gift of Jamee J. H. and Mary F. S. Worcester (2008.675). Tlatilco, Female and Marshall Field, and Carol Collection Fund (2008.190). Edo, Figurines, c. 500 b.c., ceramic W. Wardlaw (2009.58); Stand, Benin City, Nigeria, Container and pigment: gift of Ethel F. and 1790/1810, birch: gift of Jamee J. in the Form of a Leopard Head, Julian R. Goldsmith (2008.676–78). and Marshall Field (2008.679). early 21st cen., brass: gift of Omo Vladimir Kagan, Occasional N’Oba N’Edo Uku Akpolokpolo, United States Table, c. 1952, walnut and brass: Oba of Benin (2008.674). The Orbit Fund (2009.232). Navajo, northern Arizona or Mahdiyya State, Sudan, Tunic Walter von Nessen, manufactured New Mexico, Concho Belt, (Jibbeh), 1885/99, cotton: African by Nessen Studio, Inc., Occa- 1880/95, silver and leather: and Amerindian Curator’s Discre- sional Table, c. 1931, aluminum, Auxiliary Board of the Art tionary, Holly and David Ross, Bakelite, and iron: Quinn E. Institute of Chicago (2009.572); Arnold H. Crane, African and Delaney Fund (2009.156). Bow Guards (Ketoh), 1900/20, Amerindian Art Purchase, and silver, leather, turquoise, and O. -
The Falling Rate of Profit Thesis Reassessed: Owart D a Sociology of Marx’S Value Theory of Labor
University of Tennessee, Knoxville TRACE: Tennessee Research and Creative Exchange Masters Theses Graduate School 8-2007 The Falling Rate of Profit Thesis Reassessed: owarT d a Sociology of Marx’s Value Theory of Labor John Hamilton Bradford University of Tennessee - Knoxville Follow this and additional works at: https://trace.tennessee.edu/utk_gradthes Part of the Sociology Commons Recommended Citation Bradford, John Hamilton, "The Falling Rate of Profit Thesis Reassessed: owarT d a Sociology of Marx’s Value Theory of Labor. " Master's Thesis, University of Tennessee, 2007. https://trace.tennessee.edu/utk_gradthes/261 This Thesis is brought to you for free and open access by the Graduate School at TRACE: Tennessee Research and Creative Exchange. It has been accepted for inclusion in Masters Theses by an authorized administrator of TRACE: Tennessee Research and Creative Exchange. For more information, please contact [email protected]. To the Graduate Council: I am submitting herewith a thesis written by John Hamilton Bradford entitled "The Falling Rate of Profit Thesis Reassessed: owarT d a Sociology of Marx’s Value Theory of Labor." I have examined the final electronic copy of this thesis for form and content and recommend that it be accepted in partial fulfillment of the equirr ements for the degree of Master of Arts, with a major in Sociology. Harry F. Dahms, Major Professor We have read this thesis and recommend its acceptance: Stephanie Ann Bohon, Robert Gorman Accepted for the Council: Carolyn R. Hodges Vice Provost and Dean of the Graduate School (Original signatures are on file with official studentecor r ds.) To the Graduate Council: I am submitting herewith a thesis written by John Hamilton Bradford entitled “The Falling Rate of Profit Thesis Reassessed: Toward a Sociology of Marx’s Value Theory of Labor.” I have examined the final electronic copy of this thesis for form and content and recommend that it be accepted in partial fulfillment of the requirements for the degree of Master of Arts, with a major in Sociology. -
The Historical Transience of Capital: the Downward Trend in the Rate of Profit
MPRA Munich Personal RePEc Archive The historical transience of capital: the downward trend in the rate of profit since XIX century Esteban Ezequiel Maito Universidad de Buenos Aires 2014 Online at http://mpra.ub.uni-muenchen.de/55894/ MPRA Paper No. 55894, posted 11. May 2014 13:03 UTC The historical transience of capital The downward trend in the rate of profit since XIX century Esteban Ezequiel Maito1 ABSTRACT This paper presents estimates of the rate of profit on fourteen countries in the long run. The performance shows a clear downward trend, although there are periods of partial recovery in both core and peripheral countries. The behavior of the profit rate confirms the predictions made by Marx, about the historical trend of the mode of production. Finally, an estimate of the global rate of profit for the last six decades is done, also highlighting the particular role of China in systemic profitability. Keywords: rate of profit - Marx - mode of production – core/periphery. 1 Universidad de Buenos Aires - Argentina. Introduction There is, in the origins of classical political economy, a concern about the downward trend in the rate of profit. Adam Smith and David Ricardo, among others, have argued in their own way the existence of this trend2. The systemic tendency to crisis and insufficient profit generation has also been reflected by other exponents of different economic schools, expressing, on one hand, the eminently real character of the trend, and on the other, the theoretical particularities of these economic schools3. Marx established, as the most important law of political economy, the law of the falling tendency of the rate of profit. -
On the Theory of Non-Capitalist Economic Systems
Clásicos y Contemporáneos en Antropología, CIESAS-UAM-UIA En The Theory of Peasant Economy, (eds. Thorner, Kerblay y Smith), 1966, págs.1-28. ON THE THEORY OF NON-CAPITALIST ECONOMIC SYSTEMS Alexander V. Chayanov In modern theory of the national economy, it has become customary to think about all economic phenomena exclusively in terms of a capitalist economy. All the principles of our theory—rent, capital, price, and other categories—have been formed in the framework of an economy based on wage labor and seeking to maximize profits (i.e., the maximum amount of the part of gross income remaining after deducting material costs of production and wages). All other (noncapitalist) types of economic life are regarded as insignificant or dying out; they are, at any rate, considered to have no influence on the basic issues of the modern economy and, therefore, are of no theoretical interest. We shall have to accept this last thesis in regard to the indisputable dominance of finance and trading capital in world commerce and the unquestioned part it plays in the present organization of the world economy. But we must by no means extend its application to all phenomena in our economic life. We shall be unable to carry on in economic thought with merely capitalist categories, because a very wide area of economic life (that is, the largest part of the agrarian production sphere) is based, not on a capitalist form, but on the completely different form of a nonwage family economic unit.1 Such a unit has very special motives for economic activity and also a very specific conception of profitability. -
The Two Conflicting Approaches to the Concept of Capital Within Economic Thought
Vol. II (LXV) 83 - 91 Economic Insights – Trends and Challenges No. 4/2013 The Two Conflicting Approaches to the Concept of Capital within Economic Thought Alexandru Pătruţi PhD. Student, the Bucharest University of Economic Studies, Department of International Business and Economics, Faculty of International Business and Economics, 6, Piata Romana, 1st district, 010374, Romania e-mail: [email protected] Abstract The concept of capital is probably one of the most disputable topics within modern economic thought. Differences between the various theorists on the definition of capital are almost endless. However, the need for a consistent definition of capital is based not only on purely terminological, but also operational considerations. Developing a theory using loosely defined terms is problematic in many ways. There are numerous cases in which researchers use the same term to refer to different things, without counting here the many popular meanings of the term capital. Studying the origin and meaning of the concept of capital is of paramount importance for any systematic theory which aims at explaining economic phenomena. Key words: capital theory, factors of production, subjective theory of value, objective theory of value, monetary value JEL Classification: B12, B13, D24, E22 Introduction Capital theory is probably one of the most interesting and most debated topics related to political economy. Every renowned economist practically introduced his own concept of capital, differentiating himself more or less in this respect. I believe that despite the many superficial differences, all capital concepts can be grouped into two broad categories, a subjective and an objective one. The objective view regarding capital was promoted by Adam Smith. -
Object Manager
AIC Google Art Project Selections 155 records India! Rajasthan, Mewar, Udaipur, attributed to the “Stipple Master” (active c. 1692-c. 1715)! A Monumental Portrait of a Monkey, c. 1705-1710! Opaque watercolor and gold on paper! 45 x 56 cm (17.7 x 22 in) image! 48.5 x 58.7 cm (19 x 23 in) outermost border! Lacy Armour Fund, James and Marilynn Alsdorf Acquisition Fund, 2011.248! Asian Art! Georges Seurat! French, 1859-1891! A Sunday on La Grande Jatte -- 1884, 1884-86! Oil on canvas! 81 3/4 x 121 1/4 in. (207.5 x 308.1 cm)! Helen Birch Bartlett Memorial Collection, 1926.224! Medieval to Modern European Painting and Sculpture! Pierre-Auguste Renoir! French, 1841-1919! Acrobats at the Cirque Fernando (Francisca and Angelina Wartenberg), 1879! Oil on canvas! 51 3/4 x 39 1/8 in. (131.5 x 99.5 cm)! Potter Palmer Collection, 1922.440! Medieval to Modern European Painting and Sculpture! Lucas Cranach the Elder! German, 1472 (?)-1553! Adam, 1533/37 ! Oil on panel! 42 5/16 x 14 5/16 in. (107.5 x 36.4 cm ); painted surface: 41 5/8 x 14 5/16 in. (105.7 x 36.4! cm)! Charles H. and Mary F. S. Worcester Collection, 1935.294! Medieval to Modern European Painting and Sculpture! Winslow Homer! American, 1836-1910! After the Hurricane, Bahamas, 1899! Transparent watercolor, with touches of opaque watercolor, rewetting, blotting and scraping,! over graphite, on moderately thick, moderately textured (twill texture on verso), ivory wove! paper! 380 x 543 mm! Mr. -
On Working and Circulating Capital
Munich Personal RePEc Archive On Working and Circulating Capital Meacci, Ferdinando University of Padova October 1997 Online at https://mpra.ub.uni-muenchen.de/11763/ MPRA Paper No. 11763, posted 23 Dec 2008 14:04 UTC 1 ON WORKING AND CIRCULATING CAPITAL by FERDINANDO MEACCI Dipartimento di Scienze Economiche Università di Padova Via del Santo 33, 35123 Padova Fax: +39-049-8274270. E-mail: [email protected]. "Every capital is circulating capital" (Marx, Grundrisse, p.620) INTRODUCTION The purpose of this paper is to investigate whether the terms “working” and “circulating” capital are two different terms for the same concept; or whether they should be considered two different terms for two different concepts. This purpose will be carried out in two steps. The first is devoted to an investigation of the use of the term “working” by the German economist Lowe (The Path of Economic Growth) and by some Austrian economists (Menger, Böhm-Bawerk, Hayek). The second is devoted to Keynes (A Treatise on Money). At the end of each step an assessment is made of the use of this term by these economists with an extension to the relationship between Lowe’s and Keynes’s treatment of their notion of working capital and two preceding streams of thought. These relationships run between Lowe and the Austrians, in the first case; and between Keynes and the classics (in Marx's sense), in the second. These assessments will eventually converge towards the conclusion that the terms “circulating” and “working” capital are not two different terms for the same notion; and that these two notions are different because they belong to two different theories and require two different methods. -
Slavery in the Roman Economy
Princeton/Stanford Working Papers in Classics Slavery in the Roman economy Version 1.0 September 2010 Walter Scheidel Stanford University Abstract: This paper discusses the location of slavery in the Roman economy. It deals with the size and distribution of the slave population and the economics of slave labor and offers a chronological sketch of the development of Roman slavery. © Walter Scheidel. [email protected] Building on Greek and Hellenistic institutions, ancient Rome created the largest slave society in history. 1 There are several reasons for defining the Roman Empire as a slave society, above all in its Italian core but also to varying degrees in its subject territories. Slaves, numbering in the millions and widely dispersed, accounted for a non-trivial share of its total population. In key areas, slaves were not merely present but supported what has been termed a ‘slave mode of production,’ a mode that rested both on an integrated system of enslavement, slave trade, and slave employment in production, and on “the systematic subjection of slaves to the control of their masters in the process of production and reproduction.” 2 Most importantly, Rome counts as a slave society in terms of the structural location of slavery: dominant groups, once again above all at the core, relied to a significant degree of slave labor to generate surplus and maintain their position of dominance. 3 Since the role of slavery in central productive processes turned Rome into a ‘slave economy’ just as the widespread domination of slaves as a primary social relationship made it a ‘slave society,’ these two terms may be used interchangeably, especially in those strata where slaves and ex-slaves continuously enveloped owners and patrons and mediated their interaction with the freeborn population. -
Bhm-Bawerk Centenary, I Time and Interest : Circulating Versus Fixed
ST ! BEBR FACULTY WORKING PAPER NO. 1377 <^ . Bohm-Hawerk Centenary, I Time and Interest: Circulating Versus Fixed Capital Hans B rents College of Commerce and Business Administration Bureau of Economic and Business Research University of Illinois, Urbana-Champaign BEBR FACULTY WORKING PAPER NO. 1377 College of Commerce and Business Administration University of Illinois at Urbana-Champaign July 1987 Bohm-Bawerk Centenary, I Time and Interest: Circulating Versus Fixed Capital Hans Brems, Professor Department of Economics b8hm-bawerk CENTENARY, I TIME AND INTEREST: CIRCULATING VERSUS FIXED CAPITAL Hans Brems ABSTRACT The Austrian tradition related the length of the time span of capitalist production to the rate of interest. In Bohm-Bawerk's case of circulating capital that time span was the period of production. In the Akerman-Wicksell case of fixed capital the time span was the useful life of durable producers 1 goods. The two cases were similar: a lower rate of interest would always lengthen the time span of capitalist production. In elementary mathematical form the paper develops the microeconomics and the macroeconomics of the two cases. Digitized by the Internet Archive in 2011 with funding from University of Illinois Urbana-Champaign http://www.archive.org/details/bhmbawerkcentena1377brem B0HM-BAWERK CENTENARY, I TIME AND INTEREST: CIRCULATING VERSUS FIXED CAPITAL Hans Brems I. CIRCULATING CAPITAL 1. Circulating Capital Interest is the price of time, and capitalist production takes time. What it is that takes time differs between circulating and fixed capital. Since Smith, English classicists made a distinction between circu- lating and fixed capital. Ricardo [1821 (1951, I: 31)] saw circulat- ing capital as "capital .. -
The Historical Transience of Capital: the Downward Trend in the Rate of Profit Since XIX Century
Munich Personal RePEc Archive The historical transience of capital: the downward trend in the rate of profit since XIX century Maito, Esteban Ezequiel Universidad de Buenos Aires 2014 Online at https://mpra.ub.uni-muenchen.de/55894/ MPRA Paper No. 55894, posted 11 May 2014 13:03 UTC The historical transience of capital The downward trend in the rate of profit since XIX century Esteban Ezequiel Maito1 ABSTRACT This paper presents estimates of the rate of profit on fourteen countries in the long run. The performance shows a clear downward trend, although there are periods of partial recovery in both core and peripheral countries. The behavior of the profit rate confirms the predictions made by Marx, about the historical trend of the mode of production. Finally, an estimate of the global rate of profit for the last six decades is done, also highlighting the particular role of China in systemic profitability. Keywords: rate of profit - Marx - mode of production – core/periphery. 1 Universidad de Buenos Aires - Argentina. Introduction There is, in the origins of classical political economy, a concern about the downward trend in the rate of profit. Adam Smith and David Ricardo, among others, have argued in their own way the existence of this trend2. The systemic tendency to crisis and insufficient profit generation has also been reflected by other exponents of different economic schools, expressing, on one hand, the eminently real character of the trend, and on the other, the theoretical particularities of these economic schools3. Marx established, as the most important law of political economy, the law of the falling tendency of the rate of profit. -
Economic Values and Resource Use
sustainability Article Economic Values and Resource Use Jan Mikael Malmaeus IVL Swedish Environmental Research Institute, P.O. Box 210 60, SE-100 31 Stockholm, Sweden; [email protected]; Tel.: +46-10-788-6580; Fax: +46-10-788-6590 Academic Editor: Francesca Montevecchi Received: 11 January 2016; Accepted: 13 May 2016; Published: 18 May 2016 Abstract: Absolute decoupling of GDP growth from resource use implies that economic output can be increased without simultaneously increasing input. The essential meaning of this proposition is that the economic values that represent the GDP can be realized by increasing resource efficiency. Given that the GDP is first and foremost a measure of economic activity rather than welfare the possibility of absolute decoupling is theoretically limited. This paper demonstrates theoretically and empirically that economic values at the macroeconomic level are fundamentally determined by the use of production factors, primarily labor and physical capital. Technical innovations or efficiency gains increasing utility without raising the costs of production do not add to the GDP unless they stimulate investments in physical capital. Hence the neoclassical notion of productivity is only found to be relevant as a microeconomic concept. In practice, GDP growth is mostly explained by capital accumulation and a key question is whether or not capital accumulation can be decoupled from the use of materials and energy. This will determine the possibility of decoupling of GDP growth from resource use and environmental impact. Alternative measures of progress focusing on welfare rather than economic activity are more likely to achieve absolute decoupling. Keywords: decoupling; economic values; GDP growth; aggregate production; productivity From no source do so many errors, and so much difference of opinion in that science proceed, as from the vague ideas which are attached to the word value. -
Capitalism : Concept, Idea, Image
Zurich Open Repository and Archive University of Zurich Main Library Strickhofstrasse 39 CH-8057 Zurich www.zora.uzh.ch Year: 2019 Form Analysis and Critique. Marx‘s Social Labour Theory of Value Lange, Elena L Posted at the Zurich Open Repository and Archive, University of Zurich ZORA URL: https://doi.org/10.5167/uzh-184019 Book Section Published Version Originally published at: Lange, Elena L (2019). Form Analysis and Critique. Marx‘s Social Labour Theory of Value. In: Osborne, Peter; Alliez, Éric; Russell, Eric-John. Capitalism : concept, idea, image. Aspects of Marx’s Capital today. London: CRMEP BOOKS, 21-37. Capitalism: concept, idea, image Aspects of Marx’s Capital today edited by PETER OSBORNE ÉRIC ALLIEZ ERIC-JOHN RUSSELL Capitalism: concept, idea, image Aspects of Marx’s Capital today edited by PETER OSBORNE ÉRIC ALLIEZ ERIC-JOHN RUSSELL Published in 2019 by CRMEP Books Centre for Research in Modern European Philosophy Penrhyn Road campus, Kingston University, Kingston upon Thames, kt1 2ee, London, UK www.kingston.ac.uk/crmep isbn 978-1-9993337-0-6 (pbk) isbn 978-1-9993337-1-3 (ebook) The electronic version of this work is licensed under a Creative Commons Attribution-NonCommercial- NoDerivatives 4.0 International License (CC-BYNC-ND). For more information, please visit creativecommons.org. The right of the contributors to be identified as authors of this work has been asserted by them in accordance with the Copyright, Designs and Patents Act, 1988 Designed and typeset in Calluna by illuminati, Grosmont Cover design by Lucy Morton