Political Economy Within Cultural Studies
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East Asia in the Information Economy Opportunities and Challenges
East Asia in the Information Economy Opportunities and challenges Jamus Jerome Lim Jamus Jerome Lim is at the Regional Economic Studies Institute of Southeast Asian Studies, Pasir Panjang, Singapore. Keywords Information, Economy, East Asia, information revolution. The reality of the situation is likely to Information technology fall between the extremes of limitless opportunity and Abstract The Information Economy has captured the impossible challenges. This essay seeks to mop away imagination of all levels of society. Yet very often, analyses tend excessive hype and scepticism and to draw lessons from to reflect personal biases or propose incredulous scenarios. objective analysis, based on a multidisciplinary approach. This essay does not seek to rewrite old rules for a new economy; rather, it seeks to provide a balanced perspective on The information economy landscape in East opportunities and challenges facing East Asia, using a Asia multidisciplinary approach. It finds that although these countries The economies of East Asia are a unique as they are diverse. differ in their levels of development in the Information Economy, their prospects of growth depend on the policies that they They range from those seeking to pursue the siren song of choose to pursue. Deliberations on economic issues &such as development to those whose levels of development rival the the potential for productivity gains from ICT), political concerns very best in the world; from economies that have embraced &including the need to cope with changing government-people laissez-faire to those that are now in the throes of transition. dynamics), and social changes &such as the diminution of local In terms of their progress in embracing the Information cultures and the widening digital divide) often involve both costs Economy, however, the economies show a greater degree of as well as benefits. -
Post-Keynesian Economics
History and Methods of Post- Keynesian Macroeconomics Marc Lavoie University of Ottawa Outline • 1A. We set post-Keynesian economics within a set of multiple heterodox schools of thought, in opposition to mainstream schools. • 1B. We identify the main features (presuppositions) of heterodoxy, contrasting them to those of orthodoxy. • 2. We go over a brief history of post-Keynesian economics, in particular its founding institutional moments. • 3. We identify the additional features that characterize post- Keynesian economics relative to closely-related heterodox schools. • 4. We delineate the various streams of post-Keynesian economics: Fundamentalism, Kaleckian, Kaldorian, Sraffian, Institutionalist. • 5. We discuss the evolution of post-Keynesian economics, and some of its important works over the last 40 years. • 6. We mention some of the debates that have rocked post- Keynesian economics. PART I Heterodox schools Heterodox vs Orthodox economics •NON-ORTHODOX • ORTHODOX PARADIGM PARADIGM • DOMINANT PARADIGM • HETERODOX PARADIGM • THE MAINSTREAM • POST-CLASSICAL PARADIGM • NEOCLASSICAL ECONOMICS • RADICAL POLITICAL ECONOMY • REVIVAL OF POLITICAL ECONOMY Macro- economics Heterodox Neoclassical authors KEYNES school Cambridge Old Marxists Monetarists Keynesians Keynesians Radicals French Post- New New Regulation Keynesians Keynesians Classicals School Orthodox vs Heterodox economics • Post-Keynesian economics is one of many different heterodox schools of economics. • Heterodox economists are dissenters in economics. • Dissent is a broader -
The Information Economy: an Evolution of Approaches
INFORMATION AND ORGANISATION A Tribute to the Work of Don Lamberton S. Macdonald and J. Nightingale (Editors) 109 0 1999 Elsevier Science B.V. All rights reserved. THE INFORMATION ECONOMY: AN EVOLUTION OF APPROACHES Sandra Braman Department of Telecommunications and Film, College of Communications, University of Alabama, PO Box 870152, Tuscaloosa, Alabama 35487-0152, USA INTRODUCTION Three processes related to the information economy have been unfolding concurrently, each according to its own dynamics and speed. A series of alternative conceptualizations of the information economy has emerged. The subfield of the economics of information is coalescing out of the merging and expansion of several strands of work in the literatures of economics. And empirical developments - including the appearance of new types of organizational form, shifting market activities, and the sustained production and distribution of goods and services - continue in their own multiple ways, unaware of, and unconcerned about the efforts of scholars to contain them. · The three are, of course, not unrelated. Conceptualizations of the information economy inform the making of policy and interact with the definition, bounding, and attitude of the nascent economics of information. Developments in the economics of information - most profoundly explored by Don Lamberton (1974, 1984, 1992, 1994, 1997)- expand the kit of tools available to analysts and decision-makers in both the public and private sectors. The policies which result are among the structural forces shaping the environment in which economic activities unfold. Thus, these elements are mutually constitutive. The global economy is undergoing a shift from dominance by market relations to dominance by relations within organizations and other forms of networks. -
Hodgson Pour
Revue de la régulation Capitalisme, Institutions, Pouvoirs , n°2, 2008 Fostering Variety in Economics. Entretien avec Geoffrey Hodgson Agnès Labrousse, Julien Vercueil RR. : Although they are not new in economics, evolutionary and institutional approaches have attracted a growing interest since the 1980s. How do you explain that? Geoffrey Hodgson : When I started working on institutional and evolutionary ideas in the early 1980s, I felt almost a lone voice among economists. Now the situation is very different. There are several reasons for the rise in interest in institutional and evolutionary ideas. Until the 1970s, much of the challenge to mainstream ideas was in macroeconomics, reflecting the influence of Keynesian and Marxian approaches. With some exceptions, such as the work of Herbert Simon, orthodox micro-theory faced less opposition. To a significant degree, the rise of institutional, evolutionary and behavioural approaches reflects the growing development of alternative theories in the microeconomic arena. These became significant in the 1980s, notably with the work of Richard Nelson, Sidney Winter and Oliver Williamson. By the 1990s, some of these critical movements had had a major impact on mainstream approaches, and others became more prominent among heterodox economists. The new institutionalists Ronald Coase and Douglass North were awarded Nobel Prizes in 1991 and 1993. The various forms of institutional and evolutionary thought tackle important questions concerning institutions and economic development that were relatively neglected from the 1950s to the 1970s. RR. : Could you present the core propositions of your institutional and evolutionary economics? GH. : Both ‘institutional economics’ and ‘evolutionary economics’ are very broad churches. There are as many important differences within both the original and new institutional economics as there are between them. -
Models of the Developmental State
Models of the developmental state Luiz Carlos Bresser-Pereira Abstract This paper seeks to understand the developmental state and its historical role in industrial revolutions and afterwards. First, the developmental state is defined as an alternative to the liberal state. Second, it is argued that industrial revolutions have always taken place within the framework of a developmental state. Third, four models of developmental states are defined according to the point in time at which the industrial revolution took place and the central or peripheral character of the country. Fourth, the paper describes how the state withdraws partially from the economy after the industrial revolution, but the developmental state continues to have a major role in directing industrial policy and in conducting an active macroeconomic policy. Keywords Public administration, economic planning, macroeconomics, liberalism, nationalism, economic policy, economic development JEL classification O10, O11, O19 Author Luiz Carlos Bresser-Pereira is an Emeritus Professor with the Department of Economics of the Sao Paulo School of Economics, Getulio Vargas Foundation, Brazil. Email: [email protected]. 36 CEPAL Review N° 128 • August 2019 I. Introduction In the 1950s, Brazilian political scientists and economists identified “developmentalism” as a set of political ideas and economic strategies that drove Brazil’s rapid industrialization and underpinned the coalition of social classes identified with national development. Hélio Jaguaribe (1962, p. 208) stated in the early 1960s that “the core thesis of developmentalism is that the promotion of economic development and the consolidation of nationality stand as two correlated aspects of a single emancipatory process”. Through “national developmentalism”, which would become the established term for the country’s development strategy, Brazilian society was successfully overcoming the patrimonial state that characterized its politics until 1930. -
The Information Economy and the Labor Theory of Value Christian Fuchs Fuchs, Christian. 2017. the Information Economy and the La
The Information Economy and the Labor Theory of Value Christian Fuchs Fuchs, Christian. 2017. The Information Economy and the Labor Theory of Value. International Journal of Political Economy 46 (1): 65-89. Methodological appendix: http://fuchs.uti.at/wp-content/IJPE_Appendix.pdf Accepted version, for citation consult the published version: http://www.tandfonline.com/doi/abs/10.1080/08911916.2017.1310475 Abstract This article discusses aspects of the labor theory of value in the context of the information industries. First, taking the Temporal Single-System Interpretation (TSSI) of Marx’s labor theory of value as methodology, the paper calculates economic demographics at the level of socially necessary labor time and prices of an example case. Second, the paper questions the assumption that the labor theory of value cannot be applied to the information industries. This paper tests this hypothesis with an analysis of the development of labor productivity in six countries. The paper concludes that the labor theory of value is an important tool for understanding the information economy and the peculiarities of the information commodity. Keywords: information economy, labor theory of value, Marx, political economy, capitalism 1. Introduction <65:> The question if and how Marx’s labor theory of value applies to the information industries has been an important and contested issue in Marxist theory that has gained a new impetus with the rise of so-called “social media” platforms such as Facebook, Twitter, Weibo and YouTube (Arvidsson and Colleoni 2012; Beverungen, Böhm and Land 2015; Bolaño 2015, Carchedi 2014, Comor 2014, Foley 2013, Fuchs 2010, 2012a, 2012b, 2014a, 2015, 2016b, 2017; Huws 2014; McGuigan and Manzerolle 2014, Perelman 2002, 2003; Proffitt, Ekbia and McDowell 2015, Reveley 2013, Rigi 2014, Rigi and Prey 2015, Teixeira and Rotta 2012, Zeller 2008). -
Into the Third Millennium: Neocorporatism, the State and the Urban Planning Profession
Into the Third Millennium: Neocorporatism, the State and the Urban Planning Profession Nancy G. Marshall A THESIS SUBMITTED TO THE FACULTY OF THE BUILT ENVIRONMENT IN FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY UNIVERSITY OF NEW SOUTH WALES SYDNEY, AUSTRALIA © Nancy G. Marshall 2000 PLEASE TYPE THE UNIVERSITY OF NEW SOUTH WALES Thesis/Project Report Sheet Surname or Family name: Marshall First name: Nancy Other name/s: Gaye Abbreviation for degree as given in the University calendar: PhD School: Planning Faculty: Built Environment Title: Into the Third Millennium: Neocorporatism, the State and the Urban Planning Profession Abstract 350 words maximum (PLEASE TYPE) This thesis maintains that, far from being politically impartial bodies, as professional associations might suggest, professions as a whole are resolutely influenced in their activities by the political will of the times. At the beginning of the third millennium, this ‘will’ is described as neocorporatism, an ideology based on corporate structure and third sector co-governance. The research highlights the interrelationships between professions and ideology. A case study of the Canadian Institute of Planners (CIP) demonstrates how this neocorporatist philosophy is having an impact on its power and legitimacy and, ultimately, its effect within Canadian society. An historical review demonstrates how the Canadian Institute of Planners has reacted to and reflected state ideology throughout its history. It is clear that the organisation has been in a submissive relationship with the state until recently, where we see the balance of power starting to shift. The CIP is currently reorganising itself to better integrate with the state and improve its government relations. -
Data and the Aggregate Economy
Data and the Aggregate Economy Laura Veldkamp ∗ Cindy Chungy October 30, 2019z In preparation for the Journal of Economic Literature While the data economy has changed the way people shop and businesses operate, it has only just begun to permeate economists' thinking about aggregate economic phenomena. In the early twentieth century, economists like Schultz (1943) analyzed agrarian economies and land-use issues. As agricultural productivity improved, production shifted toward manufacturing. Modern macroe- conomics adapted with models featuring capital and labor, markets for goods, and equilibrium wages (Solow, 1956). Once again, productivity improvements have shifted the nature of production. In the informa- tion age, production increasingly revolves around information and, specifically, data. The United Nations (2017) estimates that as of 2015, global production of information and communications technology (ICT) goods and services amounted to approximately 6.5% of global GDP, and roughly 100 million people were employed in the ICT services sector alone. This raises the question of how macroeconomists might incorporate data as a service, an input or as an asset. This article explores the various ways that the growth of data interacts with classic macroeco- nomic questions concerning topics such as GDP measurement, monetary neutrality, growth, and firm dynamics; it describes tools we already have to understand the data economy; and it compares and contrasts two frameworks that integrate data in a standard macroeconomic environment. What do we mean by data? Data is information that can be encoded as a binary sequence of zeroes and ones. Of course, that includes an enormous spectrum of knowledge, not all of which is the subject of this article. -
The Characteristics of the Information Economy
Balıkesir Üniversitesi Sosyal Bilimler Enstitüsü Dergisi Cilt:2 Sayı:3 Yıl1999 THE CHARACTERISTICS OF THE INFORMATION ECONOMY Yrd.Doç-Dr.Hayriye Atik* ÖZET ABD, Japonya ve bazı Avrupa Birliği ülkeleri 1950'lerin başında bilgi ekonomisine dönüştüler. Bu dönüşüm sonucunda, hizmet ve bilgi sektörleri ülkelerin üretim ve istihdamı içinde hakim sektör durumuna geçti; sanayi sektörünün boyutları küçüldü. Bügi üretimi, bu yeni ekonomide buluşlar ve politikaların formüle edilmesi için daha önemli hale geldi. "Bilgisayar teknolojisi" veya "bilgi teknolojisi" (TT) olarak adlandırılan yeni bir teknoloji ortaya çıktı. Bu değişikliklere ilave olarak, katılımcı demokrasi farklı bir politik sistem olarak parlamenter demokrasinin yermi aldı. Bu çalışma, bilgi ekonomisinin yukarda sayılan özelliklerini derinlemesine ele almaktadır. Çalışmanın amacı, yeni toplumun özelliklerini sanayi toplumu ile karşılaştırmalı olarak açıklamaktır. ABSTRACT The US, Japan and some European Union countries transformed to the information economy in the early 1950s. As a result of this transformation, the size of the industrial sector declined as the service and information sectors became dominant m the employment and production of the countries. In this new economy, knowledge production activities have been more important for umovation and policy formulation. A new technology called "computer technology" or "information technology" (IT) has come out. In addition to these changes, participatory democracy replaced parliamentary democracy as a different political system. This study examines the above characteristics of the information economy deeply. The purpose of the study is to explaine the characteristics of the new society m comparison with that of the industrial society. 1. INTRODUCTION The term "information economy" has been widely used in the development literature to reflect the new development stage of the advanced countries. -
Understanding and Maximizing America's Evolutionary Economy
UNDERSTANDING AND MAXIMIZING AMERICA’S EVOLUTIONARY ECONOMY ITIF The Information Technology & Innovation Foundation DR. ROBERT D. ATKINSON i UNDERSTANDING AND MAXIMIZING AMERICA’S EVOLUTIONARY ECONOMY DR. ROBERT D. ATKINSON OCTOBER 2014 DR. ROBERT D. ATKINSON ITIF The Information Technology & Innovation Foundation In the conventional view, the U.S. economy is a static entity, changing principally only in size (growing in normal times and contracting during recessions). But in reality, our economy is a constantly evolving complex ecosystem. The U.S. economy of 2014 is different, not just larger, than the economy of 2013. Understanding that we are dealing with an evolutionary rather than static economy has significant implications for the conceptu- alization of both economics and economic policy. Unfortunately, the two major economic doctrines that guide U.S. policymakers’ thinking—neoclassical economics and neo-Keynesian economics—are rooted in overly simplistic models of how the economy works and therefore generate flawed policy solutions. Because these doctrines emphasize the “economy as machine” model, policymakers have developed a mechanical view of policy; if they pull a lever (e.g., implement a regulation, program, or tax policy), they will get an expected result. In actuality, economies are complex evolutionary systems, which means en- abling and ensuring robust rates of evolution requires much more than the standard menu of favored options blessed by the prevailing doctrines: limiting government (for conservatives), protecting worker and “consumer” welfare (for liberals), and smoothing business cycles (for both). As economies evolve, so too do doctrines Any new economic and governing systems. After WWII when the framework for America’s United States was shifting from what Michael “fourth republic” needs Lind calls the second republic (the post-Civil War governance system) to the third republic to be grounded in an (the post-New-Deal, Great Society governance evolutionary understanding. -
1 the Knowledge-Based Economy Bob Jessop Institute for Advanced
CORE Metadata, citation and similar papers at core.ac.uk Provided by Lancaster E-Prints The Knowledge-Based Economy Bob Jessop Institute for Advanced Studies Lancaster University Article prepared for Naked Punch http://www.nakedpunch.com/ Forthcoming Early 2008 1 The Knowledge-Based Economy Bob Jessop Thomas Friedman has recently informed us that, thanks to globalization, the world is flat but critics reply that the world is still very ‘spiky’ because of very real material, political, and cultural limits to globalization. Michael Porter continues to sell his high- priced patent recipes for improving economic competitiveness around the world, whether to cities, regions, or nations but, as his contribution to the most recent World Economic Forum Report on ‘global competitiveness’ shows, boosting and maintaining competitiveness is an uncertain snakes and ladders game. Indeed critics dismiss competitiveness as a ‘dangerous obsession’ or as a never-ending treadmill that obliges one to run ever faster to avoid falling behind. Yet ‘globalization’ and ‘competitiveness’ remain two of the most powerful economic narratives today with massive effects on all our lives. They figure especially strongly in constant references to the challenges posed by India and China as increasingly competitive global players in services and manufactures respectively and the corresponding imperative for advanced western economies to face this challenge by becoming more skilled and even smarter. In this and other respects, such narratives seem to make sense of a hypercomplex and runaway world that defies ready comprehension by providing simple, flexible, and productively vague stories that connect past, present, and future as a basis for path-shaping action. -
Abstract Geographies of Neoliberal Regulation And
ABSTRACT GEOGRAPHIES OF NEOLIBERAL REGULATION AND THE EVERYDAY URBAN EXPERIENCE: A CASE STUDY OF OVER-THE-RHINE, CINCINNATI Jean-Paul David Addie This thesis analyses the impacts of neoliberal urbanism through conducting a qualitative case study of the inner-city neighbourhood of Over-the-Rhine, Cincinnati. Drawing upon the geographic concept of 'actually existing' neoliberalism, combined with in-depth interviews with neighbourhood organisations, community advocacy groups and residents in Over-the-Rhine, I explore the complex, often contradictory and dialectical relationships between neoliberal regulatory-institutional restructuring, the production of urban space, and the practices of everyday life. Played out against a background of racial tension and civil unrest, the creation of a new, neoliberal institutional landscape in Over-the-Rhine politically and economically disenfranchises the most marginalised neighbourhood inhabitants through re-articulating urban and political space, and re-imagining the ideological form and function of the inner city and the urban poor. I assert the significance of place-based studies to explore the place-specific articulations of neoliberal urbanism and in doing so, present directions for future research. GEOGRAPHIES OF NEOLIBERAL REGULATION AND THE EVERYDAY URBAN EXPERIENCE: A CASE STUDY OF OVER-THE-RHINE, CINCINNATI A Thesis Submitted to the Faculty of Miami University in partial fulfilment of the requirements for the degree of Master of Arts Department of Geography by Jean-Paul David Addie Miami University