152,971 research outputs found

    The Karl Marx Problem in Contemporary New Media Economy: A Critique of Christian Fuchs’ Account

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    This article focuses on five flaws of Christian Fuchs’ approach of Web 2.0 economy. Here, Fuchs’ views on immaterial production, productivity of labor, commodification of users’ data, underestimation of financial aspects of digital economy, and the violation of Marx’s laws of value production, rate of exploitation, fall tendency of profit rate, and overproduction crisis are put into question. This article defends the thesis Fuchs fails to apply Marxian political economy to the contemporary phenomena of Web 2.0 economy. It is possible to avoid Fuchs’ errors, and another approach is possible to remake Marxism relevant for an analysis of the new media econom

    Malthus and Ricardo on Economic Methodology

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    The paper is a comparative study of the methodologies of Malthus and Ricardo. Its claims are: (i) economic laws almost always admit of exceptions for Malthus; for Ricardo even contingent predictions allow no exception apart from random temporary variations; (ii) both rely on the prestigious Newtonian paradigm, while interpreting it according to two distinct methodological traditions (the one deriving from MacLaurin, the other from Priestley); (iii) the choice of stressing what happens during intervals or in permanent states leads to opposing definitions of the main problem of economic science in so far as equilibrium is always already given for Ricardo and is never given for Malthus; (iv) their use of the ambiguous notion of "tendency" leaves unclear for both the degree of predictive power with which theories are endowed; (v) what both share is the idea of a natural order and this idea is the source of both shortcomings and endless disagreement

    The Political Economy Of Sanitation: How Can We Increase Investment and Improve Service For The Poor?

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    This report presents the results of a Global Economic and Sector Work (ESW) Study on the Political Economy of Sanitation in Brazil, India, Indonesia, and Senegal that was conducted by the Water and Sanitation Program (WSP) and the World Bank. Its purpose is to help WSP and the World Bank -- through a better understanding of the political economy of sanitation -- in their efforts to support partner countries and development practitioners in the design, implementation, and effectiveness of operations that aim to provide pro-poor sanitation investments and services to improve health and hygiene outcomes

    Why the rich may favor poor protection of property rights

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    In unequal societies, the rich might benefit from shaping economic institutions into their favor. This paper analyzes the dynamics of institutional subversion focusing on one particular institution, public protection of property rights. If this institution is imperfect, agents have incentives to invest in private protection of property rights. With economies of scale in private protection, rich agents have a significant advantage: they could expropriate other agents using their private protection capacities. Ability to maintain private protection system makes the rich natural opponents of full protection of property rights provided by the state. Such an environment does not allow grass-roots demand to drive development of new market-friendly institutions (such as public protection of property rights). The economy as a whole is stuck in a ’bad’ long-run equilibrium with low growth rate, high inequality, and wide-spread rent-seeking. The Russian ‘oligarchs’ of 1990s, a handful of politically powerful agents that controlled large stakes of newly privatized property, we re the major motivation for this paper.http://deepblue.lib.umich.edu/bitstream/2027.42/39929/2/wp544.pd

    Urban growth machine

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    Urban growth machine is an influential thesis of urban politics that suggests the objective of growth unites otherwise pluralistic interests in relation to a city. The thesis is situated within a broader theory about the commodification of place, where place is understood to be socially and economically valued land. Its key premise is that coalitions of actors and organizations (i.e. growth machines), all sharing an interest in local growth and its effects on land values, compete with growth machines elsewhere for scarce mobile capital investment, while simultaneously attempting to gain the tacit support of local publics for such urban growth. Following an introductory overview, this entry discusses the urban growth machine in two main parts. The first part sets out the key concepts underlying the growth machine thesis: use value, exchange value and place; place entrepreneurs; growth machines and their allies; competing for mobile capital; and promoting growth as a public good. The second part identifies core issues and debates in relation to the thesis (particularly those made by human geographers), including critiques of: the property focus; the human agency focus; difficulties with international comparison; the conceptualization of local dependency and scale; and the relationship of political projects with local feeling

    Beyond Planning and Mercantilism: An Evaluation of Pakistan’s Growth Strategy

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    Through the nineties Pakistan remained preoccupied with crisis management. All debate and policy was, as a result, involved with current policy and our coping with the IMF programmes. Adjustment was the main theme leaving little room for growth initiatives.1 A lively debate has raged on the distributional impacts of adjustment policy on which the government and the thinking community have adopted opposing stances, often with much emotion. With this focus of economic and political discussion on critiquing of the current government and its policies, there has been little effort put in understanding and reviewing the country’s growth strategy. This paper attempts to assess the evolution of Pakistan’s long-term growth strategy.2 It is my contention that the growth strategy remains inertia-ridden because of the lack of an academic community and debate.3 The paper will also attempt to identify the actors who influence and shape this strategy. This will be followed by what changes should be made in that strategy, based on more recent developments in economic thinking and experience in the world. For long-run sustained growth that will lead us to join the club of the more advanced countries, a new strategy based on the latest research findings will be needed. Finally, I shall point to the factors that impede the adoption of such a strategy, and especially to our owning such a strategy.Economic Growth
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