Generating Planetary Health
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Economics Review of Radical Political
Review of Radical Political Economics http://rrp.sagepub.com/ What Do Bosses Do?: The Origins and Functions of Hierarchy in Capitalist Production Stephen A. Marglin Review of Radical Political Economics 1974 6: 60 DOI: 10.1177/048661347400600206 The online version of this article can be found at: http://rrp.sagepub.com/content/6/2/60.citation Published by: http://www.sagepublications.com On behalf of: Union for Radical Political Economics Additional services and information for Review of Radical Political Economics can be found at: Email Alerts: http://rrp.sagepub.com/cgi/alerts Subscriptions: http://rrp.sagepub.com/subscriptions Reprints: http://www.sagepub.com/journalsReprints.nav Permissions: http://www.sagepub.com/journalsPermissions.nav >> Version of Record - Jul 1, 1974 What is This? Downloaded from rrp.sagepub.com at Harvard Libraries on November 13, 2013 Stephen A. Marglin WHAT DO BOSSES DO? The Origins and Functions of Hierarchy in Capitalist Production* 1. Introduction: Does Technology Shape Social and Economic Organization or Does Social and Economic Organization Shape Technology? Is it possible for.work to contribute positively to individual development in a complex industrial society, or is alienating work the price that must be paid for material prosperity? Discussions of the possibilities for meaningful revolution generally come down, sooner or later, to this question. If hierarchical authority is essential to high productivity, then self-expression in work must at best be a luxury reserved for the very few regardless of social and economic organization. And even the satisfactions of society’s elite must be perverted by their dependence, with rare exception, on the denial of self-expression to others. -
The Making of an Economic Superpower : Unlocking China's
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Yi Wen's Book
Research Division Federal Reserve Bank of St. Louis Working Paper Series The Making of an Economic Superpower ―Unlocking China’s Secret of Rapid Industrialization Yi Wen Working Paper 2015-006B http://research.stlouisfed.org/wp/2015/2015-006.pdf June 2015 FEDERAL RESERVE BANK OF ST. LOUIS Research Division P.O. Box 442 St. Louis, MO 63166 ______________________________________________________________________________________ The views expressed are those of the individual authors and do not necessarily reflect official positions of the Federal Reserve Bank of St. Louis, the Federal Reserve System, or the Board of Governors. Federal Reserve Bank of St. Louis Working Papers are preliminary materials circulated to stimulate discussion and critical comment. References in publications to Federal Reserve Bank of St. Louis Working Papers (other than an acknowledgment that the writer has had access to unpublished material) should be cleared with the author or authors. The Making of an Economic Superpower 1 ―Unlocking China’s Secret of Rapid Industrialization Yi Wen Federal Reserve Bank of St. Louis & Tsinghua University (This Version: June 15, 2015) Abstract The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China’s rise. This article argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China’s growth miracle and why the determined rise of China is unstoppable despite its current “backward” financial system and political institutions. -
Unlocking China's Secret of Rapid Industrialization
ECONOMIC RESEARCH FEDERAL RESERVE BANK OF ST. LOUIS WORKING PAPER SERIES The Making of an Economic Superpower---Unlocking China’s Secret of Rapid Industrialization Authors Yi Wen Working Paper Number 2015-006B Revision Date August 2015 Citable Link https://doi.org/10.20955/wp.2015.006 Wen, Y., 2015; The Making of an Economic Superpower---Unlocking China’s Secret Suggested Citation of Rapid Industrialization, Federal Reserve Bank of St. Louis Working Paper 2015- 006. URL https://doi.org/10.20955/wp.2015.006 Federal Reserve Bank of St. Louis, Research Division, P.O. Box 442, St. Louis, MO 63166 The views expressed in this paper are those of the author(s) and do not necessarily reflect the views of the Federal Reserve System, the Board of Governors, or the regional Federal Reserve Banks. Federal Reserve Bank of St. Louis Working Papers are preliminary materials circulated to stimulate discussion and critical comment. The Making of an Economic Superpower ―Unlocking China’s Secret of Rapid Industrialization1 Yi Wen Federal Reserve Bank of St. Louis & Tsinghua University (This Version: June 15, 2015) Abstract The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China’s rise. This article argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China’s growth miracle and why the determined rise of China is unstoppable despite its current “backward” financial system and political institutions. -
The Mechanization of English Cotton Textile Production from Kay (1733) to Roberts (1822) Patrick Karl O’Brien
The Mechanization of English Cotton Textile Production from Kay (1733) to Roberts (1822) Patrick Karl O’Brien Please do not cite without permission from p.o’[email protected] “English industrial history … can almost be resolved into the history of a single industry” J.A. Schumpeter, Business Cycles, Vol.1, New York, 1939, pp 270-71 1. The Great Divergence, the First Industrial Revolution and the Mechanization of Cotton Textile Production Current debates about the chronology and origins of the ‘Great Divergence’ in standards of living between Europe and Asia, as well as recent ‘Reconfigurations of the First Industrial Revolution’ as a seminal episode in global economic history, return us toward histories of science and technology and the mechanization of industry. For that chapter of a reconstructed meta-narrative on differences between Europe and Asia and the specificities of a British Industrial Revolution, there is a large and significant corpus of historical research on several famous machines that transformed possibilities for the production of cotton textiles in the Hanoverian realm, which might conceivably clarify and settle parts of the argument. By the time of the Great Exhibition of 1851, a predictable sequence improvements to classic inventions from 1733 to 1822 had led to: relocation of the cotton textile industry, to an extraordinary acceleration in the growth of its output and to pronounced declines in the costs of producing first cotton and thereafter woollen, linen, silk and many other mixed varieties of yarn and cloth. The story of its transformation 1 (endlessly told since the reign of Queen Victoria) has never been satisfactorily concluded, because both economists and historians lack a theory of technological progress that might explain this precocious British paradigm case of mechanization.