Capitalism – Page 6 – 黑料社区

Unanswered Questions on Financialisation in Developing Economies

April 5, 2018April 4, 2018 Carolina Alves2 Comments

The discussions of the processes behind the growing importance of finance, financial transactions and financial motives, as well as the sustainability of the financial systems, have been located in the critical political economy debate of financialisation and neoliberalism (; ; ; ; ; ; ).

The analysis of financialisation in developing and emerging economies (DEEs) is relatively novel (). It is rooted in earlier discussions about the risks of financial globalisation and liberalisation (; ; ; ; ; ; ; ), including the Latin American Structuralist literature on the hegemonic role of the US dollar and its financial and monetary implications for DEEs (; ; ; ; ); the debate on capital account liberalisation and capital market integration (; ; ; ); and the Minsky-inspired currency and boom bust dynamics of financial crisis in developing economies (; ; ; ; ).Read More »

Market Forecasting: A Sensitive Practice at the Heart of Neoliberal Capitalism

March 30, 2018March 29, 2018 stefanleinsLeave a comment

This article was originally posted on .

Since the emergence of modern financial markets, financial analysts have played a critical role in producing visions of 鈥渢he economy鈥� and its future development. As experts, they analyze market developments and predict future scenarios that enable other financial market participants to speculate on the rise or fall of stock prices, the success or failure of particular investment products, and the growth or decline of entire national economies.聽The substance of the analysts鈥� valuation and forecasting practices is, however, heavily disputed among economists. In neoclassical economic theory, the assumption that markets are informationally efficient has challenged the legitimacy of the work of financial analysts since the establishment of the efficient market hypothesis as a central paradigm in the mid 1960s. Alternative schools of thoughts 鈥� such as new institutional or behavioral economics 鈥� have criticized this paradigm. However, they have also argued that the degree of uncertainty, which is inherent to financial markets, makes prediction impossible.Read More »

Consuming development: Capitalism, economic growth and everyday life

January 11, 2018January 11, 2018 Arve Hansen2 Comments

With the consumption patterns in rich countries being more unsustainable than ever and the consumption of the 鈥榚merging middle classes鈥� increasing rapidly, it is about time 鈥榗onsumption and development鈥� becomes a field of study. Such a field would necessarily be interdisciplinary and combine analyses of everyday life and the structures of capitalist development. A useful starting point could be found at the intersection of theories of practice and systems of provision.Read More »

e-Book Launch: Can Dependency Theory Explain Our World Today?

June 14, 2017May 1, 2018 黑料社区3 Comments

Is it time for dependency theory to make a comeback? Its central idea is that developed (鈥漜ore鈥�) countries benefit from the global system at the expense of developing (鈥漰eriphery鈥�) countries鈥攚hich face structural barriers that make it difficult, if not impossible, for them to develop in the same way that the already developed countries did. As neo-classical economics came to dominate the field in the 1980s, the theory lost prominence and traction. Given the vast imbalances that persist within and among nations in the global economy today, it鈥檚 an opportune time to revisit the framework.

To that end, INET鈥檚 Young Scholars Initiative (YSI) has released a new e-book, . The volume, released by YSI鈥檚 Economic Development Working Group, comprises interviews with 13 scholars from around the world who express a variety of viewpoints on the meaning and relevance of dependency theory in today鈥檚 context.

Is 鈥業mperialism’ a Relevant Concept Today? A Debate Among Marxists

May 21, 2017May 21, 2017 Ingrid Harvold KvangravenLeave a comment

This month, four prominent Marxists met at The New School in New York to debate the relevance of imperialism. The debate was related to the publication of (Jawaharlal Nehru University) new book (written with Utsa Patnaik). With him in the panel were geographer (CUNY), political scientist (The New School), and economist (The New School). Economics Professor (The New School) moderated the debate. The main question for the panelists was: Is 鈥業mperialism’ a relevant concept today? A fruitful debate followed, suggesting that contemporary imperialism is crying out for analysis and critique.

Is Development Possible In Capitalism?

August 1, 2016February 5, 2017 黑料社区Leave a comment

By Douglas McDonald [re-blog from ]

Last Friday was the Debating Development conference, organized by the titular scholars of , a group coordinated by NSSR鈥檚 own Ingrid Kvangraven. The conference put many scholars of different regions and different theoretical perspectives in conversation. Although it was titled 鈥渄ebating development,鈥� as NSSR economics professor Sanjay Reddy noted in his opening remarks, most of the perspectives presented were more intersecting than mutually exclusive, so the conference could also be understood as a means to compound or complexify perspectives, rather than adopt or discard them.

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