The Pattern of Capital Reproduction in Dependent and Financialized Capitalism

2021 ◽  
pp. 0094582X2110618
Author(s):  
Bruna Ferraz Raposo ◽  
Niemeyer Almeida Filho ◽  
Marisa Silva Amaral
Keyword(s):  
Marxist Theory ◽  
Institutional Changes ◽  
Social Forces ◽  
Level Of Abstraction

Financialization is the result of the development of social forces and relations of production translated into legal and institutional changes including the increasing importance of the financial sphere of capital and international financial circuits compared with the rest of the economy. An analysis from a lower level of abstraction, as proposed by the Marxist theory of dependency and Jaime Osorio’s work on the pattern of capital reproduction, must consider the differentiated incorporation of the periphery into financialized capitalism and its effects. A proposal that encompasses the cycles of capital and its reproduction in specific geo-historical contexts and establishes a dialogue between the pattern of capital reproduction and the changes in contemporary capitalism serves to extend Osorio’s ideas, including the identification of financialization as a new coil of the spiral of dependency. A financeirização é o resultado do desenvolvimento das forças sociais e das relações de produção traduzidas em mudanças jurídicas e institucionais, incluindo a crescente importância da esfera financeira do capital e dos circuitos financeiros internacionais em comparação com o resto da economia. Uma análise de um nível inferior de abstração, como proposto pela teoria marxista da dependência e o trabalho de Jaime Osorio sobre o padrão de reprodução do capital, deve considerar a incorporação diferenciada da periferia no capitalismo financeirizado e seus efeitos. Uma proposta que englobe os ciclos do capital e sua reprodução em contextos geo-históricos específicos e que estabeleça um diálogo entre o padrão de reprodução do capital e as mudanças no capitalismo contemporâneo serve para estender as ideias de Osório, incluindo a identificação da financeirização como uma nova bobina do espiral de dependência.

Institutions: From Import to Raising (Lessons from the Russian Reforms and Opportunities for Cultivation of Institutional Change)

2005 ◽  
pp. 5-27 ◽  
Author(s):  
Ya. Kuzminov ◽  
V. Radaev ◽  
A. Yakovlev ◽  
E. Yasin
Keyword(s):  
Institutional Change ◽  
Institutional Changes ◽  
Social Forces ◽  
Institutional Reforms ◽  
Institutional Complementarity ◽  
New Institutions

Estimating the outcomes of the Russian reforms, the authors suggest the idea of raising of institutions. This insight opposes to the concept of radical institutional changes and the concept of strong institutional inertia. An approach to institutional reforms which is confined to the adoption of "good laws" is criticized. It is pointed out that special continuous efforts should be made for achieving embeddedness of new institutions, diminishing institutional gaps, providing institutional complementarity, and building up a balance of social forces to ensure the success of institutional reforms.

Political Opposition to the Government of Allende

1972 ◽  
Vol 7 (3) ◽  
pp. 327-350 ◽  
Author(s):  
H. Zemelman ◽  
Patricio Leon
Keyword(s):  
Political Process ◽  
Marxist Theory ◽  
Social Forces ◽  
Democratic Tradition ◽  
The Social ◽  
Institutional Structures ◽  
The Face ◽  
The Government ◽  
High Degree ◽  
The Impact

THE ANALYSIS OF THE PRESENT CHILEAN POLITICAL PROCESS MAY serve to underline some features of the Marxist theory of the state and of the relationship between social classes and institutional structures. Few countries offer such a clear example as Chile of the impact of the elements forming the ideological superstructure on the social and economic mechanisms which operate at the level of the infrastructure. Its long, bourgeois democratic tradition has led to the accumulation of many juridical and institutional elements, to which formal respect has been given, and which have built up a system of domination thanks to the acquiescence of other social sectors. The achievement of a high degree of consensus had been the other side of the face of a weak bourgeoisie, and in the blind logic of weak dominant classes, they have transformed their superstructure into their Achilles's heel. For the Chilean political process has shown how political power can transform itself into an instrument which will destroy the unity of the institutionalized power structure of the bourgeois state, when it is controlled by an alliance of social forces which escape the influence of the dominant class and its allies.

Lady Astor's Campaign for Nursery Schools in Britain, 1930–1939: Attempting to Valorize Cultural Capital in a Male-Dominated Political Field

2009 ◽  
Vol 49 (2) ◽  
pp. 196-210 ◽  
Author(s):  
Kevin J. Brehony
Keyword(s):  
Social Relations ◽  
Symbolic Capital ◽  
Second World War ◽  
Marxist Theory ◽  
Social Forces ◽  
Political Field ◽  
Nursery Schools ◽  
Political Economic ◽  
The Impact ◽  
Second World

This article examines the work of Lady Nancy Astor (1879–1964) in campaigning for nursery education and nursery schools in Britain from the late 1920s until the Second World War. Arguably no elected politician in England at any time, including the present, has identified themselves more closely with the cause of nursery schooling in Britain. Historiography that focuses on the impact of exceptional “pioneers” is frequently hagiographical and emphasizes the actions of charismatic figures at the expense of contexts and the hidden political, economic, and social forces operating within them. The main assumption underlying the approach here is that individuals are themselves shaped by social relations and that their capacity to impact on events depends on the structure of social relations and their place within them. This formulation, although derived mainly from debates within Marxist theory, shares affinities with the work of Pierre Bourdieu, who saw society as constituted by fields in which agents endowed with varying amounts of economic, cultural, and symbolic capital compete for scarce material and symbolic goods in “a general economy of practices.”

scholarly journals PADRÃO DE REPRODUÇÃO DO CAPITAL E CAPITALISMO DEPENDENTE NO BRASIL ATUAL

Caderno CRH ◽  
2019 ◽  
Vol 31 (84) ◽  
pp. 519
Author(s):  
Luiz Antonio Mattos Filgueiras
Keyword(s):  
Key Words ◽  
Latin American ◽  
Marxist Theory ◽  
Development Pattern ◽  
Capitalist Development ◽  
Level Of Abstraction ◽  
Reproduction Pattern ◽  
Economic Formation ◽  
Historical Periods

<p>A Teoria Marxista da Dependência (TMD), com o objetivo de entender as formas de reprodução do capital, nas distintas formações econômico-sociais, em diferentes períodos históricos do desenvolvimento capitalista, construiu o conceito de Padrão de Reprodução do Capital (PRC), apoiada na conhecida forma geral do ciclo do capital industrial, que é, também, a forma do ciclo do capital-dinheiro – conforme formulado por Marx. Este texto discute o alcance e o limite desse conceito para a compreensão da formação econômico-social brasileira contemporânea. Aponta que, embora ele contribua para o entendimento de formações econômico-sociais concretas, seu nível de abstração não permite perceber diferenças importantes existentes entre elas – em especial as latino-americanas. Como consequência, propõe, de forma complementar e em um nível menor de abstração, o conceito de Padrão de Desenvolvimento Capitalista (PDC), devidamente redefinido, e que se refere apenas a uma formação econômico-social singular (única pela sua história).</p><p>CAPITAL AND CAPITALISM REPRODUCTION STANDARD DEPENDENT IN CURRENT BRAZIL</p><div><p>The Marxist Theory of Dependency (MTD), with the aim of understanding the ways in which capital is reproduced in different economic and social formations in different historical periods of capitalist development, constructed the concept of Capital Reproduction Pattern (CRP), supported in the known general form of the cycle of industrial capital, which is also the form of the money-capital cycle - as formulated by Marx. This text discusses the scope and limit of this concept for the understanding of contemporary Brazilian socio-economic formation. It is pointed out that, although it contributes to the understanding of concrete socio-economic formations, its level of abstraction does not allow to perceive important differences existing between them - especially the Latin American ones. As a consequence, it is proposed, in a complementary way and in a lower level of abstraction, the concept of a Capitalist Development Pattern (CDP), duly redefined, and which refers only to a unique socio-economic formation (unique in its history).</p><p><strong>Key words: </strong>Marxist Theory of Dependence; Dependent Capitalism; Capital Reproduction Pattern; Capitalist Development Pattern; Brazilian Economy</p></div><div><p class="trans-title">CAPITAL ET NORME DE REPRODUCTION DU CAPITALISME DEPENDANT DU BRESIL ACTUEL</p><p>La Théorie Marxiste de la Dépendance (TMD), dans le but de comprendre la façon dont le capital est reproduit dans différentes formations économiques et sociales dans différentes périodes historiques du développement capitaliste, a construit le concept de Modèle de Reproduction du Capital (MRC), soutenu dans la forme générale connue du cycle du capital industriel, qui est aussi la forme du cycle du capital-argent - tel que formulé par Marx. Ce texte discute la portée et la limite de ce concept pour la compréhension de la formation socio-économique brésilienne contemporaine. Il est souligné que, bien qu’il contribue à la compréhension de formations socio-économiques concrètes, son niveau d’abstraction ne permet pas de percevoir les différences importantes existant entre eux - en particulier les latino-américains. En conséquence il est proposé, d’une manière complémentaire et dans un niveau d’abstraction inférieur, le concept de Modèle de Développement Capitaliste (MDC), dûment redéfini, qui se réfère uniquement à une formation économique et sociale singulière (unique pour son histoire).</p><p><strong>Key words: </strong>Théorie Marxiste de la Dépendance; Capitalisme Dépendant; Modèle de Reproduction de Capital; Modèle de Développement Capitaliste; Économie brésilienne</p></div>

Materialist/Marxist Interpretations and Postcolonial Biblical Criticism

2019 ◽  
Author(s):  
Niall McKay
Keyword(s):  
Common Ground ◽  
Biblical Studies ◽  
Marxist Theory ◽  
Social Forces ◽  
Biblical Criticism ◽  
The Bible ◽  
Biblical Texts ◽  
Social Scientific ◽  
Material Conditions ◽  
Critical Social

Marxist theory provides a set of tools to analyze the material conditions and social forces behind biblical texts and the contexts of their interpreters. Although often overlooked within biblical studies, an important scholarly movement in Marxist and materialist biblical criticism continues to challenge liberal and capitalist assumptions in historical-critical, social-scientific, and literary approaches to the Bible. This study examines the broad parameters of Marxist biblical criticism and how it might enrich readings from the margins collected under the tent of postcolonial biblical criticism. The chapter also notes the divergence between postcolonial and Marxist criticism in recent decades and looks to the work of Fernando Belo and Itumeleng Mosala to find common ground. Their analyses may challenge the tendency in postcolonial biblical criticism not to engage Marxism criticism deeply.

Initiating, Maintaining, or Breaking Up?

2014 ◽  
Vol 45 (5) ◽  
pp. 408-420 ◽  
Author(s):  
Michela Menegatti ◽  
Monica Rubini
Keyword(s):  
Romantic Relationships ◽  
Romantic Relationship ◽  
Self Disclosure ◽  
Level Of Abstraction ◽  
Problematic Relationship ◽  
Abstract Language ◽  
Language Abstraction

Two studies examined whether individuals vary the level of abstraction of messages composed to achieve the relational goals of initiating, maintaining, and ending a romantic relationships when the goal of communication was self-disclosure or persuading one’s partner. Study 1 showed that abstract language was preferred to disclose thoughts and feelings about initiating a romantic relationship or to persuade the partner to consolidate a long-term one. Study 2 revealed that participants used abstract terms to persuade the partner to continue a problematic relationship and to disclose their thoughts on ending it. These results show that language abstraction is a flexible means to handle individuals’ goals and influence the course of romantic relationships.

On the Exchange Rate Policy

2010 ◽  
pp. 21-28
Author(s):  
K. Yudaeva
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Inflation Targeting ◽  
Exchange Rate Policy ◽  
Institutional Changes ◽  
Crisis Period ◽  
Local Currency ◽  
High Inflation ◽  
Rate Policy ◽  
The Exchange Rate

The level of trust in the local currency in Russia is very low largely because of relatively high inflation. As a result, Bank of Russia during crisis times can not afford monetary policy loosening and has to fight devaluation expectations. To change the situation in the post-crisis period Russia needs to live through a continuous period of low inflation. Modified inflation targeting can help achieve such a result. However, it should be amended with institutional changes, particularly development of hedging instruments.

World Economic Crisis and Scenarios of Post-crisis Development: Marxist Analysis

2009 ◽  
pp. 119-132
Author(s):  
A. Buzgalin ◽  
A. Kolganov
Keyword(s):  
State Regulation ◽  
Marxist Theory ◽  
Financial Capital ◽  
Late Capitalism ◽  
World Crisis ◽  
Social Interests ◽  
Marxist Analysis ◽  
World Economic ◽  
First World ◽  
World Economic Crisis

Implications of the modern Marxist theory create the opportunity to show the inevitability, the reasons and the main features of the first world crisis of the XXI century. It has been generated by deregulation of economy, which caused the ‘classical’ crisis of overproduction, and by the new contradictions of late capitalism, in particular, by persistent over-accumulation of capital and by the excessive development of the transactional sector, of the fictitious financial capital and its isolation from the real sector. Marxist analysis of social interests and contradictions shows that anti-crisis measures require not only increasing of state regulation, but also determining on behalf of whom and in the interests of what social groups this regulation will be realized. The authors propose to do this on behalf of the financial capital and in the interests of citizens, but also formulate the neoconservative scenario of post-crisis development.

Post-crisis Structure of Economy and Organization of Coalitions for Innovations

2008 ◽  
pp. 25-43 ◽  
Author(s):  
L. Grigoriev ◽  
S. Plaksin ◽  
M. Salikhov
Keyword(s):  
Economic Policy ◽  
Development Strategy ◽  
Methodological Approach ◽  
International Comparisons ◽  
Soviet Economy ◽  
Institutional Changes ◽  
Russian Economy ◽  
Analytical Group

The article develops methodological approach to the analysis of groups of interests’ influence on the choice of Russia’s development strategy. It is possible to pass on to the analysis of specific issues of economic policy by forming several sub-groups in every "analytical" group. The article also considers the structure of Russian economy which was formed as a result of transformational crisis’ influence on Soviet economy, and relevant international comparisons. Main alternative ways of transition to innovational development are the renewal of Soviet "triangle economy" (the scenario "Mobilization") and complex institutional changes (the scenario "Modernization").

Karl Marx’s Legacy: The Historical Overview

2007 ◽  
pp. 87-103
Author(s):  
R. Nureev
Keyword(s):  
Marxist Theory ◽  
Neoclassical Economic ◽  
Historical Overview ◽  
Economic Theories ◽  
The Future ◽  
History Of ◽  
Western Marxism

The article is devoted to the history of reception and interpretation of the ideas of Marx and Engels. The author considers the reasons for divergence between Marxist and neoclassical economic theories. He also analyzes the ways of vulgarization of Marx’s theory and the making of Marxist voluntarism. It is shown that the works of Marx and Engels had a certain potential for their over-simplified interpretations. The article also considers academic ("Western") Marxism and evaluates the prospects of Marxist theory in the future.

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