New imperialism or new capitalism?
AbstractOver the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad brush, we outline a new, power theory of capital and accumulation. We use this theory to assess the changing meaning of the corporation and the capitalist state, the new ways in which capital gets accumulated and the specific historical trajectory of twentieth-century capitalism up to the present.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 5578.
Date of creation: 2006
Date of revision:
Publication status: Published in Review 1.XXIX(2006): pp. 1-86
arms; accumulation; capital flow; capitalism; conflict; corporation; crisis; distribution; elite; energy; finance; globalization; growth; imperialism; GPE; liberalism; Marxism; Middle East; military; national interest; neoclassical economics; neoliberalism; nomos; oil; OPEC; ownership; peace; power; profit; ruling class; security; stagflation; state; stock market; TNC; United States; US; utility; value; violence; war;
Find related papers by JEL classification:
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- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- P1 - Economic Systems - - Capitalist Systems
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- F5 - International Economics - - International Relations, National Security, and International Political Economy
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
- L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
- F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Harcourt,G. C., 1972.
"Some Cambridge Controversies in the Theory of Capital,"
Cambridge Books, Cambridge University Press,
Cambridge University Press, number 9780521096720.
- Harcourt, G C, 1969. "Some Cambridge Controversies in the Theory of Capital," Journal of Economic Literature, American Economic Association, American Economic Association, vol. 7(2), pages 369-405, June.
- Steedman, Ian, 1975. "Positive Profits with Negative Surplus Value," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 85(337), pages 114-23, March.
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