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- Capitalism replaced old hierarchies with new hierarchies. It brought about a new category, namely, class, that is still very central to our societies. While social distinctions in the old world reflected status at birth, in the new world they are based on the ability to accumulate money.
economicsociology.org/2021/02/26/how-capitalism-survives-social-theory-and-structural-change/How Capitalism Survives: Social Theory and Structural Change
Our twin objectives of a definition of capitalism, which is (a) helpful to determine the extent to which an economy or social formation is capitalist and (b) capable of capturing the varie-ties of capitalism in existence, require a different approach, which we present in the next section.
Jul 15, 2023 · In this work, considered a classic of political economy, Marx will try to unravel the deepest foundations of the functioning of capitalism through the dynamics of capital itself, that is, its constant logic of exploitation, production, reproduction, and investment.
- fabriciomaciel@id.uff.br
This chapter aims to introduce the political economy of capitalism in order to take note of two modes of governmental intervention, direct and indirect, and to highlight two differing roles of government, administrative and entrepreneurial.
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Capitalism, in brief, is a system that goes beyond the boundaries of empires and nation-states. As a general theory of capitalism, however, the idea of capitalism as a world-system with a center, a periphery, and so on is less useful.
Sep 10, 2018 · Work under capitalism is based on cooperation between workers gathered under the authority of a capitalist. It was the capitalist who historically brought together “numerous isolated and independent processes into one combined social process,” increasing efficiency via cooperation and the division of labor.
Sep 1, 2005 · Typologies, ideologies and realities of capitalism. Taken together, these two volumes make an important contribution to our understanding of the political economy of capitalism and, in particular, to the reasons for, and implications of, diversity and change in national systems of capitalism (Streeck and Yamamura [SY], 2001; Yamamura and ...
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Jul 5, 2013 · Based on a discussion of what I call the four Cs of capitalism (credit, commodification, creativity, and competition), I argue that under conditions of uncertainty, expectations are contingent and should be understood as “fictional expectations.”
