Capitalism and the Political Economy of Work Time

Capitalism and the Political Economy of Work Time PDF

Author: Christoph Hermann

Publisher: Routledge

Published: 2014-10-17

Total Pages: 308

ISBN-13: 1317596331

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John Maynard Keynes expected that around the year 2030 people would only work 15 hours a week. In the mid-1960s, Jean Fourastié still anticipated the introduction of the 30-hour week in the year 2000, when productivity would continue to grow at an established pace. Productivity growth slowed down somewhat in the 1970s and 1980s, but rebounded in the 1990s with the spread of new information and communication technologies. The knowledge economy, however, did not bring about a jobless future or a world without work, as some scholars had predicted. With few exceptions, work hours of full-time employees have hardly fallen in the advanced capitalist countries in the last three decades, while in a number of countries they have actually increased since the 1980s. This book takes the persistence of long work hours as starting point to investigate the relationship between capitalism and work time. It does so by discussing major theoretical schools and their explanations for the length and distribution of work hours, as well as tracing major changes in production and reproduction systems, and analyzing their consequences for work hours. Furthermore, this volume explores the struggle for shorter work hours, starting from the introduction of the ten-hour work day in the nineteenth century to the introduction of the 35-hour week in France and Germany at the end of the twentieth century. However, the book also shows how neoliberalism has eroded collective work time regulations and resulted in an increase and polarization of work hours since the 1980s. Finally, the book argues that shorter work hours not only means more free time for workers, but also reduces inequality and improves human and ecological sustainability.

How Labor Powers the Global Economy

How Labor Powers the Global Economy PDF

Author: Emmanuel D. Farjoun

Publisher: Springer Nature

Published: 2022-04-12

Total Pages: 155

ISBN-13: 3030933210

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This book presents a probabilistic approach to studying the fundamental role of labor in capitalist economies and develops a non-deterministic theoretical framework for the foundations of political economy. By applying the framework to real-world data, the authors offer new insights into the dynamics of growth, wages, and accumulation in capitalist development around the globe. The book demonstrates that a probabilistic political economy based on labor inputs enables us to describe central organizing principles in modern capitalism. Starting from a few basic assumptions, it shows that the working time of employees is the main regulating variable for determining strict numerical limits on the rate of economic growth, the range of wages, and the pace of accumulation under the present global economic system. This book will appeal to anyone interested in how the capitalist mode of production works and its inherent limitations; in particular, it will be useful to scholars and students of Marxian economics. “Emmanuel Farjoun and Moshé Machover, follow up their pathbreaking work on the application of statistical physics methods to political economy in this book with David Zachariah, in which they develop methods for making educated and structured estimates of stylized facts applicable to capitalist economies. There’s a lot for economists and anyone interested in the political economy of capitalism to learn from their reasoning on these issues, including their novel and challenging suggestion of bounds on the rates of increase of use-value productivity of labor, and on the range of variation of the wage share.” Duncan K. Foley, Leo Model Professor of Economics, New School for Social Research

The Political Economy of Work

The Political Economy of Work PDF

Author: David Spencer

Publisher: Routledge

Published: 2008-09-25

Total Pages: 191

ISBN-13: 1134048483

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This book offers a new and unique assessment of the theoretical analysis of work, challenging some common preconceptions and promoting an original approach to the field, contemplating its nature, development and its impact on human well-being.

Political Capitalism

Political Capitalism PDF

Author: Randall G. Holcombe

Publisher: Cambridge University Press

Published: 2018-07-19

Total Pages: 305

ISBN-13: 1108596126

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Problems associated with cronyism, corporatism, and policies that favor the elite over the masses have received increasing attention in recent years. Political Capitalism explains that what people often view as the result of corruption and unethical behavior are symptoms of a distinct system of political economy. The symptoms of political capitalism are often viewed as the result of government intervention in a market economy, or as attributes of a capitalist economy itself. Randall G. Holcombe combines well-established theories in economics and the social sciences to show that political capitalism is not a mixed economy, or government intervention in a market economy, or some intermediate step between capitalism and socialism. After developing the economic theory of political capitalism, Holcombe goes on to explain how changes in political ideology have facilitated the growth of political capitalism, and what can be done to redirect public policy back toward the public interest.

The Attention Economy

The Attention Economy PDF

Author: Claudio Celis Bueno

Publisher: Rowman & Littlefield

Published: 2016-11-16

Total Pages: 212

ISBN-13: 1783488255

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The attention economy is a notion that explains the growing value of human attention in societies characterised by post-industrial modes of production. In a world in which information and knowledge become central to the valorisation process of capital, human attention becomes a scarce and hence increasingly valuable commodity. To what degree is the attention economy a specific form of capitalist production? How does the attention economy differ from the industrial mode of production in which Marx developed his critique of capitalism? How can Marx’s theory be used today despite the historical differences that separate industrial from post-industrial capitalism? The Attention Economy argues that human attention is a new form of labour that can only be understood through a systematic reinterpretation of Marx. It argues that the attention economy belongs to a general shift in capitalism in which subjectivity itself becomes the territory of production and exploitation of value as well as the territory of the reproduction of capitalist power relations.

Capital

Capital PDF

Author: Karl Marx

Publisher: Princeton University Press

Published: 2024-09-17

Total Pages: 944

ISBN-13: 0691240469

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Marx for the twenty-first century The first new English translation in fifty years—and the only one based on the last German edition revised by Marx himself Featuring extensive original commentary, including a foreword by acclaimed political theorist Wendy Brown “An astounding achievement.”—China Miéville, author of October: The Story of the Russian Revolution Karl Marx (1818–1883) was living in exile in England when he embarked on an ambitious, multivolume critique of the capitalist system of production. Though only the first volume saw publication in Marx’s lifetime, it would become one of the most consequential books in history. This magnificent new edition of Capital is a translation of Marx for the twenty-first century. It is the first translation into English to be based on the last German edition revised by Marx himself, the only version that can be called authoritative, and it features extensive commentary and annotations by Paul North and Paul Reitter that draw on the latest scholarship and provide invaluable perspective on the book and its complicated legacy. At once precise and boldly readable, this translation captures the momentous scale and sweep of Marx’s thought while recovering the elegance and humor of the original source. For Marx, our global economic system is relentlessly driven by “value”—to produce it, capture it, trade it, and, most of all, to increase it. Lifespans are shortened under the demand for ever-greater value. Days are lengthened, work is intensified, and the division of labor deepens until it leaves two classes, owners and workers, in constant struggle for life and livelihood. In Capital, Marx reveals how value came to tyrannize our world, and how the history of capital is a chronicle of bloodshed, colonization, and enslavement. With a foreword by Wendy Brown and an afterword by William Clare Roberts, this is a critical edition of Capital for our time, one that faithfully preserves the vitality and directness of Marx’s German prose and renders his ideas newly relevant to modern readers.

Capitalism in Transformation

Capitalism in Transformation PDF

Author: Roland Atzmüller

Publisher: Edward Elgar Publishing

Published: 2019

Total Pages: 336

ISBN-13: 1788974247

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Presenting a profound and far-reaching analysis of economic, ecological, social, cultural and political developments of contemporary capitalism, this book draws on the work of Karl Polanyi, and re-reads it for our times. The renowned authors offer key insights to current changes in the relations between the economy, politics and society, and their ecological and social effects.

Wage-Labour and Capital

Wage-Labour and Capital PDF

Author: Karl Marx

Publisher: Wildside Press LLC

Published: 2008-04-01

Total Pages: 54

ISBN-13: 1434469263

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This volume contains an English translation of Karl Marx's influential essay.

Work

Work PDF

Author: Bruce Pietrykowski

Publisher: John Wiley & Sons

Published: 2019-05-07

Total Pages: 180

ISBN-13: 150953086X

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Much of our life involves working, preparing for work, searching for work, or thinking and worrying about work. Whether paid or unpaid, free or coerced, full-time, part-time, or zero-hours, work defines us and helps shape our behavior both on and off the job. In this accessible book, leading labor economist Bruce Pietrykowski offers a highly engaging exploration of the history and contemporary organization of work under capitalism. His clear presentation of the theoretical debates is illustrated by real-world examples from across the globe and a skillful account of alternatives that point toward a post-capitalist future. Employing a progressive, worker-centered vision that goes beyond mainstream economics, he examines themes ranging from inequality, care work, and the gig economy to technological change and a universal basic income. His analysis emphasizes power, conflict, solidarity, and cooperation, interpreted through the lenses of class, race, gender, and place. This comprehensive and highly readable book will be of interest to students of economics, sociology, labor studies, and politics seeking to learn more about work and workers in the global economy, as well as interested general readers.

Capitalism at Work

Capitalism at Work PDF

Author: Robert L. Bradley

Publisher: M & M Scrivener Press

Published: 2014-05-14

Total Pages: 498

ISBN-13: 098020948X

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Read the Intro Chapter (PDF) View the Ayn Rand Appendix View an interview with author Robert L. Bradley, Jr. at Reason.com Capitalism took the blame for Enron although the company was anything but a free-market enterprise, and company architect was hardly a principled capitalist. On the contrary, Enron was a politically dependent company and, in the end, a grotesque outcome of America's mixed economy. That is the central finding of Robert L. Bradley's "Capitalism at Work": The blame for Enron rests squarely with "political capitalism"--a system in which business firms routinely obtain government intervention to further their own interests at the expense of consumers, taxpayers, and competitors. Although Ken Lay professed allegiance to free markets, he was in fact a consumate politician. Only by manipulating the levers of government was he able to transform Enron from a $3 billion natural gas company to a $100 billion chimera, one that went in a matter of months from seventh place on Fortune's 500 list to bankruptcy. But "Capitalism at Work" goes beyond unmasking Enron's sophisticated foray into political capitalism. Employing the timeless insights of Adam Smith, Samuel Smiles, and Ayn Rand, among others, Bradley shows how fashionable anti-capitalist doctrines set the stage for the ultimate business debacle. Those errant theories, like Enron itself, elevated form over substance, ignored legitimate criticism, and bypassed midcourse correction. Political capitali