Marx for the 21St Century
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Schumpeter's Theory of Economic Development
Journal of Insurance and Financial Management, Vol. 4, Issue 3 (2021) 65-81 Schumpeter’s Theory of Economic Development: A Study of the Creative Destruction and Entrepreneurship Effects on the Economic Growth Farrokh Emami Langroodi a,* a Goethe University Frankfurt, Graduate School of Economics, Finance, & Management (GSEFM), Department of Finance, Germany ARTICLE INFO ABSTRACT Article History This paper provides a multifaceted review and Submitted 11 Aug 2021 analysis of Schumpeter’s Theory of Economic Accepted 12 Aug 2021 Development and specifically the creative Available online 13 Aug 2021 destruction effect intertwined with the business JEL Classification cycles, and their effectiveness in explaining the A12 long-run economic growth by first, looking into the B13 main features of this theory; second, comparing the B31 fundamental similarities and differences of B52 Schumpeter theory with respect to Marxism and Keynesianism, third; a comparison of “Schumpeter” Keywords effect vs. the “refugee” effect in recently published Schumpeter Creative Destruction researches, and finally, the relationship of Capitalism Schumpeterian and Kirznerian opportunities in Kirznerian modern entrepreneurship. Marxism Keynesianism Journal of Insurance and Financial Management Economic Growth Business Cycle Entrepreneurship *Corresponding Author: [email protected] Author(s) retain copyright of the submitted paper (Please view the Copyright Notice of JIFM). This work is licensed under a Creative Commons Attribution 4.0 International License. Journal of Insurance and Financial Management (ISSN-Canada: 2371-2112) Emami Langroodi F. / Journal of Insurance and Financial Management, Vol. 4, Issue 3 (2021) 65-81 66 1. INTRODUCTION It is well known that Joseph Alois Schumpeter always explained that “analyzing business cycles means neither more nor less than analyzing the economic process of the capitalist era” (Schumpeter, 1939). -
The Right to the Whole Produce of Labour
1RNIA SAN DIEGO THE EIGHT TO THE WHOLE PRODUCE OF LABOUR THE EIGHT TO THE WHOLE PBODUCE OF LABOUK THE ORIGIN AND DEVELOPMENT OF THE THEORY OF LABOUR'S CLAIM TO THE WHOLE PRODUCT OF INDUSTRY BY DK. ANTON MENGEK PROFESSOR OF JURISPRUDENCE IN THE UNIVERSITY OF VIENNA TRANSLATED BY M. E. TANNER WITH AN INTRODUCTION AND BIBLIOGRAPHY BY H. S. FOXWELL, M.A. PROFESSOR OF ECONOMICS AT UNIVERSITY COLLEGE, LONDON ; LECTURER AND LATE FELLOW OF ST. JOHN'S COLLEGE, CAMBRIDGE Hontion MACMILLAN AND CO., LIMITED NEW YORK: THE MACMILLAN COMPANY 1899 A II rights reserved INTRODUCTION DR. ANTON MENGER'S remarkable study of the cardinal Dr doctrine of revolutionary socialism, now for the first W time published in English, has long enjoyed a wide reputation on the Continent; and English students of social philosophy, whether or not they are familiar with the original, will welcome its appearance in this trans- lation. The interest and importance of the subject will not be disputed, either by the opponents or the advocates of socialism ; and those who know how exceptionally Dr. Menger is qualified for work of this kind, by his juristic eminence, and his profound know- ledge of socialistic literature, will not need to be told that it has been executed with singular vigour and ability. Hitherto, perhaps because it was not generally accessible to English readers, the book has not received in this country the notice that it has met with elsewhere. Yet there are reasons why it should be of peculiar interest to English economists. The particular method of criticism adopted by Dr. -
Social Alternatives
EDITORIAL COLLECTIVE Social Alternatives Bronwyn Stevens University of the Sunshine Coast Social Alternatives is an independent, quarterly refereed Clare Archer-Lean University of the Sunshine Coast journal which aims to promote public debate, commentary and Ella Jeffrey Queensland University of Technology dialogue about contemporary social, political, economic and Jennifer Mays Queensland University of Technology environmental issues. Julie Matthews University of Adelaide Ginna Brock University of the Sunshine Coast Social Alternatives analyses, critiques and reviews contemporary social issues and problems. The journal seeks Debra Livingston University of the Sunshine Coast to generate insight, knowledge and understanding of our Graham Maddox University of New England contemporary circumstances in order to determine local, Cassandra Star Flinders University national and global implications. We are committed to the George Morgan University of Western Sydney principles of social justice and to creating spaces of dialogue Hayley Baxter University of Queensland intended to stimulate social alternatives to current conditions. Helen McLaren Flinders University Social Alternatives values the capacity of intellectual and artistic endeavour to prompt imaginative solutions and Lee-Anne Bye University of the Sunshine Coast alternatives and publishes refereed articles, review essays, Christine Morley Queensland University of Technology commentaries and book reviews as well as short stories, Elizabeth Eddy poems, images and cartoons. ADVISORY BOARD The journal has grappled with matters of contemporary concern for four decades, publishing articles and themed Roland Bleiker University of Queensland issues on topics such as peace and conflict, racism, Verity Burgmann Monash University Indigenous rights, social justice, human rights, inequality and Parlo Singh Griffith University the environment. Please show your support by subscribing to Don Alexander University of Queensland the journal. -
Sano Manabu and the Japanese Adaptation of Socialism
Sano Manabu and the Japanese adaptation of socialism Item Type text; Dissertation-Reproduction (electronic) Authors Wagner, Jeffrey Paul Publisher The University of Arizona. Rights Copyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author. Download date 07/10/2021 06:42:31 Link to Item http://hdl.handle.net/10150/565397 SANO MANABU AND THE JAPANESE ADAPTATION OF SOCIALISM by . Jeffrey Paul Wagner A Dissertation Submitted to the Faculty of the DEPARTMENT OF HISTORY In Partial Fulfillment of the Requirements For the Degree of DOCTOR OF PHILOSOPHY In the Graduate College THE UNIVERSITY OF ARIZONA 1 9 7 8 Copyright 1978 Jeffrey Paul Wagner THE UNIVERSITY OF ARIZONA GRADUATE COLLEGE I hereby recommend that this dissertation prepared under my direction by Jeffrey Paul Wagner_________________________ entitled s a n o m a n a b u a n d t h e Ja p a n e s e a d a p t a t i o n o f socrAusM be accepted as fulfilling the dissertation requirement for the degree of ______________ Doctor of Philosophy_______________________ j&w A J y ■ t, if is- Dissertation Director Date^ As members of the Final Examination Committee, we certify that we have read this dissertation and agree that it may be presented for final defense. Final approval and acceptance of this dissertation is contingent on the candidate's adequate performance and defense thereof at the final oral examination. -
French Romantic Socialism and the Critique of Liberal Slave Emancipation Naomi J
Santa Clara University Scholar Commons History College of Arts & Sciences 9-2013 Breaking the Ties: French Romantic Socialism and the Critique of Liberal Slave Emancipation Naomi J. Andrews Santa Clara University, [email protected] Follow this and additional works at: http://scholarcommons.scu.edu/history Part of the European History Commons, and the Feminist, Gender, and Sexuality Studies Commons Recommended Citation Andrews, Naomi J. (2013). Breaking the Ties: French Romantic Socialism and the Critique of Liberal Slave Emancipation. The ourJ nal of Modern History, Vol. 85, No. 3 (September 2013) , pp. 489-527. Published by: The nivU ersity of Chicago Press. Article DOI: 10.1086/668500. Article Stable URL: http://www.jstor.org/stable/10.1086/668500 This Article is brought to you for free and open access by the College of Arts & Sciences at Scholar Commons. It has been accepted for inclusion in History by an authorized administrator of Scholar Commons. For more information, please contact [email protected]. Breaking the Ties: French Romantic Socialism and the Critique of Liberal Slave Emancipation* Naomi J. Andrews Santa Clara University What we especially call slavery is only the culminating and pivotal point where all of the suffering of society comes together. (Charles Dain, 1836) The principle of abolition is incontestable, but its application is difficult. (Louis Blanc, 1840) In 1846, the romantic socialist Désiré Laverdant observed that although Great Britain had rightly broken the ties binding masters and slaves, “in delivering the slave from the yoke, it has thrown him, poor brute, into isolation and abandonment. Liberal Europe thinks it has finished its work because it has divided everyone.”1 Freeing the slaves, he thus suggested, was only the beginning of emancipation. -
1. the Heritage of Modern Socialist Ideas
Section XVI: Developments in Socialism, Contemporary Civilization (Ideas and Institutions 1848-1914 of Western Man) 1958 1. The eH ritage of Modern Socialist Ideas Robert L. Bloom Gettysburg College Basil L. Crapster Gettysburg College Harold L. Dunkelberger Gettysburg College See next page for additional authors Follow this and additional works at: https://cupola.gettysburg.edu/contemporary_sec16 Part of the Models and Methods Commons, and the Sociology Commons Share feedback about the accessibility of this item. Bloom, Robert L. et al. "1. The eH ritage of Modern Socialist Ideas. Pt. XVI: Developments in Socialism, (1848-1914)." Ideas and Institutions of Western Man (Gettysburg College, 1958), 2-6. This is the publisher's version of the work. This publication appears in Gettysburg College's institutional repository by permission of the copyright owner for personal use, not for redistribution. Cupola permanent link: https://cupola.gettysburg.edu/ contemporary_sec16/2 This open access book chapter is brought to you by The uC pola: Scholarship at Gettysburg College. It has been accepted for inclusion by an authorized administrator of The uC pola. For more information, please contact [email protected]. 1. The eH ritage of Modern Socialist Ideas Abstract Of the total heritage which gave birth to modern socialism, brief attention may be given to certain of the predecessors of Karl Marx. Although some now are saved from obscurity only by the diligence of interested historians, others generated powerful ideas still not extinguished today. Together they created an amorphous body of thought from which Marx freelv drew. Consequently, an understanding of the varieties of later socialism, and specifically of Marx, requires a brief survey of these men. -
POLITICAL ECONOMY for SOCIALISM Also by Makoto Itoh
POLITICAL ECONOMY FOR SOCIALISM Also by Makoto Itoh TilE BASIC TIIEORY OF CAPITALISM TilE VALUE CONTROVERSY (co-author with I. Steedman and others) TilE WORLD ECONOMIC CRISIS AND JAPANESE CAPITALISM VALUE AND CRISIS Political Economy for Socialism Makoto ltoh Professor of Economics University of Tokyo M St. Martin's Press © Makoto ltoh 1995 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London WIP 9HE. Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages. First published in Great Britain 1995 by MACMILLAN PRESS LTD Houndmills, Basingstoke, Hampshire RG21 2XS and London Companies and representatives throughout the world A catalogue record for this book is available from the British Library. ISBN 978-0-333-55338-1 ISBN 978-1-349-24018-0 (eBook) DOI 10.1007/978-1-349-24018-0 10 9 8 7 6 5 4 3 2 I 04 03 02 01 00 99 98 97 96 95 First published in the United States of America 1995 by Scholarly and Reference Division, ST. MARTIN'S PRESS, INC., 175 Fifth A venue, New York, N.Y. 10010 ISBN 978-0-312-12564-6 Library of Congress Cataloging-in-Publication Data ltoh, Makoto, 1936-- Political economy for socialism I Makoto Itoh. -
The Paris Diary of Albert Brisbane, American Fourierist
Syracuse University SURFACE The Courier Libraries 1997 Dreams and Expectations: The Paris Diary of Albert Brisbane, American Fourierist Abigail Mellen Follow this and additional works at: https://surface.syr.edu/libassoc Part of the Philosophy Commons Recommended Citation Mellen, Abigail. "Dreams and Expectations: The Paris Diary of Albert Brisbane, American Fourierist," The Courier 1997: 195-122. This Article is brought to you for free and open access by the Libraries at SURFACE. It has been accepted for inclusion in The Courier by an authorized administrator of SURFACE. For more information, please contact [email protected]. SYRACUSE UNIVERSITY LIBRARY ASSOCIATES COURIER VOLUME XXXII· 1997 SYRACUSE UNIVERSITY LIBRARY ASSOCIATES COURIER VOLUME XXXII 1997 Ivan Mestrovic in Syracuse, 1947-1955 By David Tatham, Professor ofFine Arts 5 Syracuse University In 1947 Chancellor William P. Tolley brought the great Croatian sculptor to Syracuse University as artist-in-residence and professor ofsculpture. Tatham discusses the his torical antecedents and the significance, for Mdtrovic and the University, ofthat eight-and-a-half-year association. Declaration ofIndependence: Mary Colum as Autobiographer By Sanford Sternlicht, Professor ofEnglish 25 Syracuse University Sternlicht describes the struggles ofMary Colum, as a woman and a writer, to achieve equality in the male-dominated literary worlds ofIreland and America. A CharlesJackson Diptych ByJohn W Crowley, Professor ofEnglish 35 Syracuse University In writings about homosexuality and alcoholism, CharlesJackson, author ofThe Lost TtVeekend, seems to have drawn on an experience he had as a freshman at Syracuse University. Mter discussingJackson's troubled life, Crowley introduces Marty Mann, founder ofthe National Council on Alcoholism. Among her papers Crowley found a CharlesJackson teleplay, about an alcoholic woman, that is here published for the first time. -
Sos Political Science & Public Administration M.A.Political Science
Sos Political science & Public administration M.A.Political Science II Sem Political Philosophy:Mordan Political Thought, Theory & contemporary Ideologies(201) UNIT-IV Topic Name-Utopian Socialism What is utopian society? • A utopia is an imagined community or society that possesses highly desirable or nearly perfect qualities for its citizens.The opposite of a utopia is a dystopia. • Utopia focuses on equality in economics, government and justice, though by no means exclusively, with the method and structure of proposed implementation varying based on ideology.According to Lyman Tower SargentSargent argues that utopia's nature is inherently contradictory, because societies are not homogenous and have desires which conflict and therefore cannot simultaneously be satisfied. • The term utopia was created from Greek by Sir Thomas More for his 1516 book Utopia, describing a fictional island society in the south Atlantic Ocean off the coast of South America Who started utopian socialism? • Charles Fourier was a French socialist who lived from 1772 until 1837 and is credited with being an early Utopian Socialist similar to Robert Owen. He wrote several works related to his socialist ideas which centered on his main idea for society: small communities based on cooperation Definition of utopian socialism • socialism based on a belief that social ownership of the means of production can be achieved by voluntary and peaceful surrender of their holdings by propertied groups What is the goal of utopian societies? • The aim of a utopian society is to promote the highest quality of living possible. The word 'utopia' was coined by the English philosopher, Sir Thomas More, in his 1516 book, Utopia, which is about a fictional island community. -
The Origin of Socialist Reformism in France*
CARL LANDAUER THE ORIGIN OF SOCIALIST REFORMISM IN FRANCE* PRELUDE: THE OPPOSITION TO MARX IN THE INTERNATIONAL Although the International Workingmen's Association is often called the Marxian International, it was at no time safely under the control of Karl Marx. The spirit of Marx, however, was the strongest single influence in the organization from its beginning, and from 1868, when the Proudhonians had suffered defeat at the Brussels Congress, to 1872, when Bakunin's opposition proved too strong to be overcome, Marx possessed more power in the organization than anyone else. Yet this power collapsed in 1872: Although formally Marx was the victor at the Hague Congress, actually in the conflict with Bakunin it became evident that Marx's position was disintegrating. What were the reasons? "Marx accused his opponent of the intention to introduce into the Association ideological disorder, the spirit of [political] abstentionism and of federalism, in the Utopian desire to create a communal organi- zation without government. Bakunin, in his turn, criticized Marx for wanting to impose on the International a unified dogma and a party discipline in order to create a regime of authoritarian communism first in the Association and then in the state (dans les gouvernements)."1 Unfortunately for Marx and for the unity of the workers' movement, many members of the International who by no means believed in a "communal organization without a government" and perhaps were not * The author wishes to express his gratitude to the Institute of International Studies at the University of California at Berkeley for financial support in meeting expenses incurred in the collection of material; also to Monsieur Couta- rel, librarian of the Prefecture de police in Paris, for permission to use the files of the Prefecture; and to the staff of the Internationaal Instituut voor Sociale Geschiedenis in Amsterdam, especially to Mr T. -
ROOTED in the DARK of the EARTH: BAVARIA's PEASANT-FARMERS and the PROFIT of a MANUFACTURED PARADISE by MICHAEL F. HOWELL (U
ROOTED IN THE DARK OF THE EARTH: BAVARIA’S PEASANT-FARMERS AND THE PROFIT OF A MANUFACTURED PARADISE by MICHAEL F. HOWELL (Under the Direction of John H. Morrow, Jr.) ABSTRACT Pre-modern, agrarian communities typified Bavaria until the late-19th century. Technological innovations, the railroad being perhaps the most important, offered new possibilities for a people who had for generations identified themselves in part through their local communities and also by their labor and status as independent peasant-farmers. These exciting changes, however, increasingly undermined traditional identities with self and community through agricultural labor. In other words, by changing how or what they farmed to increasingly meet the needs of urban markets, Bavarian peasant-farmers also changed the way that they viewed the land and ultimately, how they viewed themselves ― and one another. Nineteenth- century Bavarian peasant-farmers and their changing relationship with urban markets therefore serve as a case study for the earth-shattering dangers that possibly follow when modern societies (and individuals) lose their sense of community by sacrificing their relationship with the land. INDEX WORDS: Bavaria, Peasant-farmers, Agriculture, Modernity, Urban/Rural Economies, Rural Community ROOTED IN THE DARK OF THE EARTH: BAVARIA’S PEASANT-FARMERS AND THE PROFIT OF A MANUFACTURED PARADISE by MICHAEL F. HOWELL B.A., Tulane University, 2002 A Thesis Submitted to the Graduate Faculty of The University of Georgia in Partial Fulfillment of the Requirements for the Degree MASTER OF ARTS ATHENS, GEORGIA 2008 © 2008 Michael F. Howell All Rights Reserved ROOTED IN THE DARK OF THE EARTH: BAVARIA’S PEASANT-FARMERS AND THE PROFIT OF A MANUFACTURED PARADISE by MICHAEL F. -
Resolving Polanyi's Paradox
11 afterword: resolving polanyi’s paradox Michael Burawoy Over the last 30 years Karl Polanyi’s The Great Transformation, first published in 1944, has become a canonical text in several inter-related social sciences – sociology, geography, anthropology, international political economy, as well as making in-roads into political science and economics. Undoubtedly, part of its appeal lies in the resonance of his theories with our times which have been marked by the deregulation of markets and their extension into new realms. Polanyi argued that the rise of market fundamentalism had devastating conse- quences for society, leading to protective countermovements that could be of a progressive or reactionary character. From the perspective of today’s market fun- damentalism, Polanyi’s countermovement effectively frames, on the one hand, the democratic social movements of 2011, including the Arab Spring, Occupy, and Indignados, and, on the other hand, the more recent advance of illiberal democracies, often veering toward dictatorships, in Turkey, Poland, Hungary, the Philippines, Brazil, Italy, Israel and Egypt. It also frames an understanding of such popular movements behind Brexit, Trumpism, the Five Star Movement, and the Yellow Vests as a reaction to an expanding market that commodifies, denigrates and excludes. It is the obvious appeal of Polanyi’s argument that now leads commentators to evaluate his writings critically and with renewed inten- sity, searching for answers to crises of a global scale. critiques of polanyi The most common criticism of The Great Transformation is Polanyi’s failure to anticipate another round of market fundamentalism beginning in the 1970s that has continued virtually unabated for nearly 50 years.