World Review of Political Economy

Articles from Vol. 4, No. 3, Fall

Intensified Restructuring of the Global Industrial System and Remodeling the Competitive Advantage of Nations
Abstract: The global financial crisis of 2008 has profoundly changed global economic patterns. In response to the profound changes in the global economic environment and in order to position themselves for future economic development, all countries have...
Is the Theory of a Falling Profit Rate Valid?
Abstract: Marx's theory of the falling rate of profit makes two main appearances in his work. The first is in Chapter 25 of Capital Volume 1, entitled "The General Law of Capitalist Accumulation." It is further developed in Part III of Volume 3 of Capital,...
Major Schools of Marxist Economics in Japan: History and Contemporary Development
Abstract: Marxist economics was introduced into Japan in the 1920s and diverged into several schools. These Marxist schools developed and evolved along with the socio-economic conditions of Japanese society. Japanese Marxism made significant achievements,...
Quantitative Easing: Reflections on Practice and Theory
Abstract: After exhausting all the conventional monetary policies, the major Western economies, in an attempt to deal with the long-term economic recession and stimulate an economic revival, have had to implement nonconventional quantitative easing....
Reviving the Cambridge Controversy by Combining Marx with Sraffa
Abstract: For the present situation in the teaching of economics, a field where the method of historical materialism is not employed, the mutual dissent between the theories of Marx and Sraffa represents a controversy of a scholastic character. The confirmation...
The Academic Career and Achievements of Aleksandr Buzgalin
Post-Soviet Russia in the past two decades has seen the establishing of a network of Marxist intellectuals working in the areas of philosophy, sociology and political economy. The main center around which this school has crystallized has been the journal...
THE "FINANCIALIZED" STRUCTURE OF AUTOMOBILE CORPORATIONS IN THE 2000s
Abstract: Important changes in the economic system, both in productive and financial dimensions, have been observed since the 1970s, pointing to a growing capital mobility and a stronger presence of finance within the logic of non-financial corporations....
Towards a New Distributive Principle of Wealth beyond the Capitalist Market, the State and Labor
Abstract: High unemployment and falls in working class incomes are affecting billions of people around the world: they are being pauperized. Neoliberals and Keynesians consider it possible to achieve full employment by means of applying labor flexibility...
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