This collection of essays engages in the analysis of key concepts, concerns, and cutting-edge insights in radical political economy.
Offering a robust critique of capitalist institutions as well as of mainstream economics, radical political economics reveals the structures and dynamics of global capitalism. The attention to method, ideology, and institutions differentiates it from mainstream approaches to economics which often obfuscate how capitalism actually works. While maintaining a central focus on capitalism, the analyses in this book encompass a variety of issues from racial discrimination, gender inequality, to economic development and imperialism. Capitalism is an economic system based on the exploitation of workers to generate surplus value (profit) which is then appropriated by the owners of capital. Under global capitalism, profit maximization precedes other social concerns such as protection of the environment. Political economy understands that social relations are shaped by class, race, geography and gender. Capitalism skews social relations of production and reproduction. It perpetuates inequalities along classed, gendered, racialized, and geographic lines.
Radical political economy offers ideas and policies to change capitalism, in ways that are more beneficial for people and the planet. Incorporating insights from a range of disciplines including history, philosophy, political science, anthropology, sociology and law, the wide range of topics, diverse set of scholars, and consideration of future political-economy formations offers readers a deeper understanding of the contours of contemporary global capitalism and post-capitalist possibilities in the 21st century.
Part I: Principles of Radical Political Economics
1. Class Conflict
Michael Hillard and Richard McIntyre
2.Ideology and Radical Political Economy
Ann E. Davis
3. Using the Theory of Innovative Enterprise to Analyze US Corporate Capitalism
Willliam Lazonick
4. Forms of Capitalism
David Kotz
5. Financialization
Ramaa Vasudevan
6. Feminist Radical Political Economy
Smita Ramnarain
7. The Economies of Imperialism
Prabhat Patnaik
Part II: Issues and Debates in Radical Political Economics
8. Crises and Cycles in Capitalism
Michael Roberts
9. A Marxist-Feminist Perspective on Motherhood
Elaine Tontoh
10. Social Protection in Political Struggle
Barry Herman
11. Migration: Differentiated Mobility Under Capitalism
Smriti Rao
12. Development Assistance as Internationalization
Farwa Sial
13. Contemporary Trajectories of State Capitalism
Ilias Alami
14. Some Basic Elements of a Global Green New Deal
Robert Pollin
15. Socio-Historical Ontology, Explanations, and Empirical Approaches
Paulo L. dos Santos
Part III: Capitalist Futures
16. Democratic Planned Socialism: Moving Beyond Capitalism to Support and Promotes Human Development
Al Campbell
17. Worker Cooperatives and Post-Capitalism
Erik Olsen
18. Middle Way: Social Democracy as an Alternative to Laissez-Faire Capitalism
Geoffrey Schneider
19. Economic Development in the 21st Century
Jayati Ghosh and C.P. Chandrasekhar
20. Good Science, Bad Climate, Big Lies
Jason Moore & John Peter Antonacci
Index
Biography
Mona Ali is Associate Professor of Economics at the State University of New York. Her research on international political economy has been published in the Cambridge Journal of Economics, the International Review of Applied Economics and Géopolitique, Réseau, Énergie, Environnement, Nature among elsewhere. Her popular writing for Phenomenal World has been translated into French, Spanish, Portuguese and Arabic and featured in the Financial Times. She received her PhD from the New School for Social Research and she has served on the steering committee of Union for Radical Political Economics.
Ann E. Davis is Associate Professor of Economics (retired) at Marist College, and served as chair of the Department of Accounting, Finance, and Economics, and chair of the Faculty. She has published articles in the Review of Radical Political Economics, Cambridge Journal of Economics, Critical Historical Studies, and Journal of Economic Issues. She has published four books and various book chapters, and served in leadership roles in heterodox economic associations.
