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Books Received (as of March 2024) Review of Radical Political Economics (IF 1.0) Pub Date : 2024-03-07
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Labor Intensification and Value Production Review of Radical Political Economics (IF 1.0) Pub Date : 2024-03-04 Dong-Min Rieu
This article serves as a commentary on Basu, Haas, and Moraitis’s (BHM’s) analysis of labor intensification. While endorsing the ramifications of BHM’s differentiation between labor’s capacity to process inputs into output per unit of time and labor’s capacity to create value per unit of time, I augment the discourse by introducing two supplementary considerations. First, it is erroneous to directly
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Book Review: Pollution Is Colonialism Review of Radical Political Economics (IF 1.0) Pub Date : 2024-02-26 Michael Keaney
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Latin American Neostructuralism and Its Differentiation from Latin American Structuralism Review of Radical Political Economics (IF 1.0) Pub Date : 2024-02-12 Emilia Ormaechea
Latin American neostructuralism emerged within the Economic Commission for Latin America and the Caribbean by 1990. As such, it was aimed at reviewing original Latin American structuralism and updating those contributions to the new phase of global capitalism. Notwithstanding this institutional point of view, this article argues that neostructuralism did not represent an update to Latin American structuralism
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Introduction to the Tributes to Herb Gintis (1940–2023) Review of Radical Political Economics (IF 1.0) Pub Date : 2024-01-17 Marlene Kim
JEL Classification: B31, B32, B24
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The War in Ukraine and the End of the American Financial Order? Review of Radical Political Economics (IF 1.0) Pub Date : 2023-05-16 Ilene Grabel
The crises of 1997–98, 2008, and the pandemic accelerated contradictory changes in global financial governance. Taken together, the change and stasis propelled by these crises is coalescing around ...
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Hegemony, Quasi-Counterhegemony, and Counterhegemony in Pesticide Use in Latin America With Special Reference to Mexico Review of Radical Political Economics (IF 1.0) Pub Date : 2023-04-20 Tamar Diana Wilson
In the center of the corporate agricultural regime is the pesticide-industrial complex which is part of the current hegemonic order in the reproduction of capitalism. There are quasi-counterhegemon...
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The “Control Space” of the State: A Key Element to Address the Nature of Money Review of Radical Political Economics (IF 1.0) Pub Date : 2023-04-18 Eduardo Garzón Espinosa, Esteban Cruz Hidalgo, Bibiana Medialdea García, Carlos Sánchez Mato
The academy has traditionally tended to classify the study about money into two approaches that are often considered incompatible: commodity money and debt money. The first one presents money as a ...
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Why Has Labor Productivity Slowed Down in the Era of Financialization?: Insights from the post-Keynesians for the European Union Countries Review of Radical Political Economics (IF 1.0) Pub Date : 2023-04-03 Ricardo Barradas
This article employs a panel data econometric approach in order to empirically ascertain the role of the phenomenon of financialization in the deceleration of labor productivity in the European Uni...
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Black Political Economy, Solidarity Economics, and Liberation: Toward an Economy of Caring and Abundance Review of Radical Political Economics (IF 1.0) Pub Date : 2023-03-31 Jessica Gordon-Nembhard
Combining Black political economy and solidarity economy theories and practices provides alternative models for group development based on recognizing and developing internal (to the individual and...
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Doing Radical Public Policy, Observations from a Feminist Economist Review of Radical Political Economics (IF 1.0) Pub Date : 2023-03-21 Heidi I. Hartmann
This essay provides an overview of the founding of the Institute for Women’s Policy Research (IWPR) and its research across its first thirty-two years. The formation of its research agenda, the kin...
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The Post-Keynesian Perspective and Policy Recommendations for the Greek Financial Crisis Review of Radical Political Economics (IF 1.0) Pub Date : 2023-02-01 John Marangos
The purpose of this article is to develop a post-Keynesian interpretation and viewpoint of the required policies associated with the Greek financial crisis. The Troika, inspired by the book After t...
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Michael Perelman and the Persistence of Primitive Accumulation Review of Radical Political Economics (IF 1.0) Pub Date : 2023-01-23 Michael Keaney
JEL Classification: B32, B50
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Michael A. Perelman (1939–2020): A Tribute Review of Radical Political Economics (IF 1.0) Pub Date : 2023-01-23 Michael Keaney, T. Sabri Öncü, David Barkin
JEL Classification: B32, B50
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Speaking Truth to Power: A Tale of Two Universities Review of Radical Political Economics (IF 1.0) Pub Date : 2023-01-13 Drucilla K. Barker
This article compares the experiences of resistance and accommodation by the University of South Carolina (USC) and Boğaziçi University to the imposition of a right-wing head of university by gover...
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Exploitation of Labor or Exploitation of Commodities? Review of Radical Political Economics (IF 1.0) Pub Date : 2023-01-04 Deepankar Basu
Attempts to use commodities to construct theories of value and use such value theory to claim that, in capitalism, commodities can be exploited, just like labor is, rest on two conceptual flaws: (a...
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Postconflict Sexual and Reproductive Health and Justice, Gendered Well-being, and Long-term Development Review of Radical Political Economics (IF 1.0) Pub Date : 2022-12-27 Jennifer C. Olmsted, Caitlin Killian
Sexual and reproductive health and justice (SRHJ) is key to gender equality and an important component of any long-term development strategy for countries emerging from conflict and civil war. Girl...
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Radical Offspring Review of Radical Political Economics (IF 1.0) Pub Date : 2022-12-14 Nancy Folbre
This essay provides a brief informal reflection on radicalism from the perspective of intersectional political economy.JEL Classification: A113, B51, B54
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Searching for the Informal Labor Movement: Theorizing Class and Collective Action among Informal Workers in West Africa Review of Radical Political Economics (IF 1.0) Pub Date : 2022-12-13 Joshua Lew McDermott
Amid renewed debates and theorizing about informality and the role of informal workers in Africa and across the globe, there remains little in the way of class-based understandings of Africa's info...
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The Stochastic Model of Technical Change and Profit Rates: Korean Economy (Manufacturing Sector: 1970–2015) Review of Radical Political Economics (IF 1.0) Pub Date : 2022-11-24 Deokmin Kim
This article aims to reconstruct major macroeconomic variables, including the profit rate in the Korean economy, by using the stochastic model of technical change. This model needs no a priori tech...
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The Political Economy of Hegemonic Masculinity: Race, Income, and Housework in the United States Review of Radical Political Economics (IF 1.0) Pub Date : 2022-11-23 Sarah F. Small
Macrocultural dynamics of hegemonic masculinity complicate microeconomic negotiations. In this article, I examine hegemonic masculinity as an explanatory framework to understand how gendered work i...
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Our Two Climate Crises Challenge: Short-Run Emergency Direct Climate Cooling and Long-Run GHG Removal and Ecological Regeneration Review of Radical Political Economics (IF 1.0) Pub Date : 2022-11-13 Ron Baiman
We are facing both a short-term emergency cooling crisis and a long-term greenhouse gas (GHG) draw down planetary ecological crisis. We must address both. The first requires emergency direct coolin...
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Appreciating Michael Perelman Review of Radical Political Economics (IF 1.0) Pub Date : 2022-11-05 David Barkin
JEL Classification: B32, B50
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Michael Perelman and the Economics of Nonprivate Goods Review of Radical Political Economics (IF 1.0) Pub Date : 2022-10-25 T. Sabri Öncü
JEL Classification: B32, B50
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Gender, Social Protection, and Crises of Social Reproduction: Contextualizing NREGA Review of Radical Political Economics (IF 1.0) Pub Date : 2022-10-17 Smriti Rao, Smita Ramnarain
The COVID-19 pandemic has underscored the importance of social protection programs such as India’s Mahatma Gandhi National Rural Employment Guarantee Act (NREGA). And yet, acute crises such as pand...
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Productive and Unproductive Sectors’ Interactions in Brazil: A Miyazawa Analysis Review of Radical Political Economics (IF 1.0) Pub Date : 2022-09-29 Henrique Morrone, Adalmir Antonio Marquetti, Alessandro Donadio Miebach
This article employs Miyazawa’s method to investigate the interaction between productive and unproductive sectors during the 2002–2014 period in Brazil. The results showed a growing dependence of p...
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Four Sides of the Coin: The Interplay of Interests in German and Polish Pension Industries Review of Radical Political Economics (IF 1.0) Pub Date : 2022-09-22 Anna Ząbkowicz
Pension reforms tend toward privatization of fund management, capitalization of savings, and redistribution of risk. An overview of reforms in the opening section identifies the course of the insti...
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Financialization and Debt: Much Worse Than Parasites Review of Radical Political Economics (IF 1.0) Pub Date : 2022-09-02 Al Campbell, Erdogan Bakir
Starting from the two correct positions that, compared to the form of capitalism that preceded it, neoliberal capitalism has generally been more harmful to working people, and that in it finance pl...
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Regional Intergovernmental Organization Response to COVID-19: The Impact of Neoliberalism on Bureaucratic Autonomy Review of Radical Political Economics (IF 1.0) Pub Date : 2022-09-02 Avraham Izhar Baranes, Timothy Hazen
COVID-19 is a transboundary crisis that crosses political boundaries and affects critical infrastructure. Given the ongoing nature of COVID-19, it is vital to recognize the factors that impact an o...
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Who Cares? Capitalism and the Reproduction of the Working Class Review of Radical Political Economics (IF 1.0) Pub Date : 2022-08-30 Paddy Quick
The concept of “caring labor” obscures the process of surplus extraction in the capitalist mode of production. In particular, the government’s provision of services such as preschool child care nee...
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Social Structures of Accumulation in a Semiperiphery Country Review of Radical Political Economics (IF 1.0) Pub Date : 2022-08-30 Sadık Kılıç
This article claims that the world-system approach can serve as a mediating force in understanding the social structure(s) of accumulation (SSA) dynamics in Turkey. The argument for using the world...
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Gender in Economics Fifty Years Ago and Today: Feminist Economists Speak Review of Radical Political Economics (IF 1.0) Pub Date : 2022-07-21 Marlene Kim
Fifty years ago, women endured blatant discrimination, hostility, and exclusion in economics. Marginalized, they founded institutions that allowed feminist economics to flourish and contributed gro...
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Foreign Direct Investment and the Profit Rate: Empirical Evidence from the European Union Review of Radical Political Economics (IF 1.0) Pub Date : 2022-07-21 Dimitris Groumpos, George Economakis
This article aims to explain recent trends of foreign direct investment (FDI) in the developed world, and specifically in the case of the European Union (EU). It includes an empirical analysis of F...
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A Model of Economic Growth and Long Cycles Review of Radical Political Economics (IF 1.0) Pub Date : 2022-07-19 Chatzarakis Nikolaos, Tsaliki Persefoni, Lefteris Tsoulfidis
The purpose of this article is to derive an endogenous growth and cycles model that integrates the general law of capital accumulation, the reserve army of labor, technological change, devaluation of capital, and the law of the tendential fall in the rate of profit. The phase space of this model is analyzed by estimating its equilibrium solutions and exploring its economically meaningful stability
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Racial Inequality in the Twenty-first Century: A Comparative Analysis between Brazil and the United States Review of Radical Political Economics (IF 1.0) Pub Date : 2022-07-14 Antonio Freitas, Alessandro Miebach
This article presents a set of comparative data related to racial inequality in the United States and Brazil throughout the twenty-first century. Within the limitations of available data, we highlight four limited but important dimensions, that is, demography, education, the labor market, and earnings that illustrate racial inequality in both countries. In doing so, we aim to investigate and critically
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Corporate Mindfulness Culture and Neoliberalism Review of Radical Political Economics (IF 1.0) Pub Date : 2022-07-14 Mary V. Wrenn
Corporate mindfulness is the favorite labor management technique of the neoliberal period. The formalized packaging of corporate mindfulness began in the late 1970s but was built on a long tradition of attempts to hack the minds of workers in the United States. What distinguishes these previous attempts from corporate mindfulness is the strong ideological connection between corporate mindfulness and
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Political Economy of Expulsionary Urbanization: Subsumption and Estrangement of Spaces in Pakistan Review of Radical Political Economics (IF 1.0) Pub Date : 2022-06-21 Danish Khan
This article forwards the notion of “expulsionary urbanization” to explain processes of urban transformation in Pakistan against the backdrop of neoliberal regime of accumulation. The concept of expulsionary urbanization emphasizes that the production of new urban spaces is predicated on the theft of space, where one segment of the society appropriates space from another. On the one hand, expulsionary
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Circuits of Social Reproduction: Nature, Labor, and Capitalism Review of Radical Political Economics (IF 1.0) Pub Date : 2022-06-21 Sirisha C. Naidu
This article offers a reformulation of social reproduction theory’s (SRT’s) circuit of social reproduction that is suitable for the Global South. Drawing from existing literature, the article argues that wage labor is not always central to social reproduction and that there exist multiple labors of social reproduction associated with capitalist production, noncapitalist commodity production, and subsistence
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What Do We Really Know about Productivity Differentials across Countries? Review of Radical Political Economics (IF 1.0) Pub Date : 2022-06-21 Jayati Ghosh
This article examines and critiques the most widely used measure of productivity (output per worker employed) and argues that this is a flawed, inadequate, and even misleading measure of economic progress. In terms of cross-country comparisons and assessing trends over time, both the numerator (GDP or value added) and the denominator (number of workers or hours worked) have significant conceptual and
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Social Suffering: A New Reference Framework for Economic Analysis Review of Radical Political Economics (IF 1.0) Pub Date : 2022-06-11 Jerome ballet, François-Regis Mahieu
Social suffering has become a recurrent theme in various disciplines (sociology, social psychology, anthropology), but remains absent from economic analysis. The aim of our article is hence to reinstate the role of social suffering in economics. We first define the scope of the concept, which should be interpreted as a form of suffering generated by economic systems, particularly the current capitalist
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Free to Choose? The Gendered Impacts of Flexible Working Hours in Brazil Review of Radical Political Economics (IF 1.0) Pub Date : 2022-06-09 Lygia Sabbag Fares, Ana Luíza Matos de Oliveira
This article examines the effects of the flexibilization of working time in terms of gender segmentation in the labor market. It proposes and analyzes eight categories of women’s participation in the labor market and the effects of flexibilization on each of them. By using household survey data and case studies, the research shows that some forms of flexibilization reinforce the sexual division of
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Five Criteria to Evaluate Democratic Economic Planning Models Review of Radical Political Economics (IF 1.0) Pub Date : 2022-05-25 Simon Tremblay-Pepin
This article reviews three models of Democratic Economic Planning, those of Pat Devine and Fikret Adaman, Michael Albert and Robin Hahnel, and Paul Cockshott and Allin Cottrell. Part of a larger research project aiming to merge certain features of these models, this article proposes five criteria to evaluate them. Following a proposal made by David Laibman, it adopts the organization and regulation
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Development Trajectories and Institutional Reform in Brazil: The Duality Problem Revisited in the Twenty-First Century Review of Radical Political Economics (IF 1.0) Pub Date : 2022-04-18 Luis Otavio Bau Macedo
This essay aims at providing a novel analytical framework based on the concept of "duality" as proposed by the Brazilian economist Ignacio Rangel. In this portrayal, neoliberal policies are the consequence of the reinforcement of the dual character of the Brazilian society, which induces the economic outcomes of financialization and regression amid institutional change that (re)position class asymmetries
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Is Rajan’s Hypothesis Confirmed by Empirical Evidence? A Critical Review Review of Radical Political Economics (IF 1.0) Pub Date : 2022-04-02 Guangdong Xu
Based on experience in the United States in recent decades, Rajan (2010) argues that there is an inequality-debt-crisis nexus, that is, income inequality may contribute to banking crises by stimulating the accumulation of household debt. Whether and to what extent Rajan’s hypothesis has been confirmed (or refuted) by the literature is investigated in this study. It is shown that the validity of Rajan’s
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The Doom-Loop Redux: The Corporate Bond-Purchase Program and the Political Economy of the Fed’s Pandemic Response Review of Radical Political Economics (IF 1.0) Pub Date : 2022-03-18 Ramaa Vasudevan
The Fed’s recent corporate-bond buying program is approached from a political economy perspective, placing it in the context of its interventions during the 2008 crisis, and the broader swathe of facilities launched in response to the COVID-19 pandemic. The response in 2008 can be understood in terms of the doom-loop arising from the structural power exercised by finance and the implication of the
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Book Review: Degrowth in Movement(s): Exploring Pathways for Transformation Review of Radical Political Economics (IF 1.0) Pub Date : 2022-02-11 Manu V. Mathai,Dimitris Stevis
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Book Review: Value Chains: The New Economic Imperialism Review of Radical Political Economics (IF 1.0) Pub Date : 2022-02-11 Michael Keaney
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Unproductive Workers and State Repression Review of Radical Political Economics (IF 1.0) Pub Date : 2021-10-16 Kirstin Munro
Social Reproduction Theory, as advanced by scholars such as Bhattacharya (2017) and Ferguson (2019), is at its core a theory of the revolutionary capacity of “unproductive” workers such as teachers, nurses, and social workers who are disproportionately women and disproportionately employed by the state. However, Social Reproduction Theory overlooks the contradictory and antagonistic role of the state
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Book Review: Capitalism and Disability: Selected Writings by Marta Russell Review of Radical Political Economics (IF 1.0) Pub Date : 2021-10-17 Ari C. Parra
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Book Review: Capital and Time: For a New Critique of Neoliberal Reason Review of Radical Political Economics (IF 1.0) Pub Date : 2021-10-09 Michael Keaney
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Economic Policies for Innovative Enterprises: Implementing Multi-Stakeholder Corporate Governance Review of Radical Political Economics (IF 1.0) Pub Date : 2021-10-08 Lenore Palladino
Large corporations dominate economic and social life in the United States and around the globe. The mainstream corporate governance ideology of “shareholder primacy” claims that the exclusive purpose of a corporation is to generate returns for shareholders, which means that governance decisions should be exclusively in their hands. However, shareholder primacy lacks a theory of how companies innovate
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Rethinking the Formation of Public Distribution System: A Class-Focused Approach Review of Radical Political Economics (IF 1.0) Pub Date : 2021-10-07 Soumik Sarkar, Anjan Chakrabarti
Using the methodology of overdetermination, class process of surplus labor as the entry point and socially determined need of food security, we deliver an alternative class-focused rendition of the public distribution system (PDS) in India. We first surmise our theoretical framework to infer that the overdetermined and contradictory relation of class and social needs matter for PDS. Beyond the reasoning
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In Support of a Renewable Energy and Materials Economy: A Global Green New Deal That Includes Arctic Sea Ice Triage and Carbon Cycle Restoration Review of Radical Political Economics (IF 1.0) Pub Date : 2021-10-01 Ron Baiman
A Global Green New Deal (GGND)—that includes Arctic sea ice climate triage and carbon cycle climate restoration, and that, following Eisenberger (2020), would move us toward a renewable energy and materials economy (REME)—is necessary to turn our current civilization and species-threatening climate crises into an opportunity to stabilize our planet’s climate and advance to a new, more equitable and
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Neo-Dualism: Accumulation, Distress, and Proliferation of a Fissured Informality Review of Radical Political Economics (IF 1.0) Pub Date : 2021-09-23 Kasturi Sadhu, Saumya Chakrabarti
A dominant strand of orthodoxy argues that the problem of the informal sector could be mitigated through the capitalistic growth process. But our observations on India are different—with an expansion of the capitalistic formal sector, as the economy grows, there is a proliferation of fissured informality. Using a structuralist macro-model, we provide certain explanations for this phenomenon, which
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Work Time Matters for Mental Health: A Gender Analysis of Paid and Unpaid Labor in the United States Review of Radical Political Economics (IF 1.0) Pub Date : 2021-08-31 Chiara Piovani, Nursel Aydiner-Avsar
Based on Midlife in the United States (MIDUS) survey data for 2013–14, this paper examines the association between work time (inclusive of both paid and unpaid work time) and the mental health outcomes of men and women in the United States, controlling for economic and social buffers, education, and demographic factors. In the United States, even though women constitute close to half of the paid labor
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Book Review: Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace Review of Radical Political Economics (IF 1.0) Pub Date : 2021-08-27 Steve Cohn
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Book Review: The Politics of Operations: Excavating Contemporary Capitalism Review of Radical Political Economics (IF 1.0) Pub Date : 2021-07-12 Michael Keaney
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Credit Guidance for a Desired Economy: An Original Institutional Economics Critique of Financialization Review of Radical Political Economics (IF 1.0) Pub Date : 2021-07-05 Naoise McDonagh
Financialization describes the turn to speculative asset trading that has become increasingly central to economic life in recent decades. Critics argue this has occurred at the expense of the “real economy,” referring to production and trade. Critics further argue that finance’s normal role is to serve the needs of the productive sector. Financialization, which diverts capital from production to speculation
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The Political Economy of Heteronormativity Review of Radical Political Economics (IF 1.0) Pub Date : 2021-07-02 Duc Hien Nguyen
This paper investigates the relationship between heteronormativity, queerness, and neoliberal capitalism. By reinterpreting the 1997 Recognition–Redistribution debate between Nancy Fraser and Judith Butler through a social reproduction lens, I show that Butler’s position is broadly consistent with a social reproduction analysis of heteronormativity. Through stabilizing the gender division of labor
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Putting the Neoliberal Transformation of Turkish Healthcare System and Its Problems into a Historical Perspective Review of Radical Political Economics (IF 1.0) Pub Date : 2021-06-18 Emrah Konuralp, Sermin Bicer
The principal objective of this article is to analyze how the Health Transformation Program (HTP), the latest reform to have overhauled the Turkish healthcare system, has been designed according to the project of global neoliberal capital accumulation. This reform is in line with the transformation of the Turkish economy, which has been ongoing since the 1980s. With this aim in mind, this research