World Review of Political Economy

Articles from Vol. 7, No. 4, 2016

Acceptance Speech for World Marxian Economics Award (I)
June 17, 2016Mr. President, Dear friends of the World Association for Political Economy (WAPE), Dear participants,Allow me first to congratulate the winners of the Award as well as the winners of the Prize. It is a big honour for all of us. It is indeed...
Acceptance Speech for World Marxian Economics Award (Ii)
June 17, 2016Dear scholars and comrades,It is a pleasant surprise for me to learn that the World Association for Political Economy (WAPE) has granted me its World Marxian Economics Award of 2016. I am very grateful. I understand that the World Marxian...
Acceptance Speech for World Marxian Economics Award (Iii)
June 17, 2016It is such an honor for me to receive the World Marxian Economics Award by highly valuing my contribution to the development of Marxist economics through my research activities and their results. I am sincerely grateful for that.Some days...
Acceptance Speech for World Marxian Economics Award (Iv)
June 17, 2016Ladies and gentleman, delegates and students,I feel honored to receive this award. I also take this opportunity to congratulate the other awardees. I do not however see this award as a celebration of me as an individual. Every individual...
DECENT WORK DEFICIT IN INDIA: A Disaggregated Trend over the Three Post-Reform Decades
1. IntroductionThe Indian economy has been experiencing remarkable growth, and in fact India is one of the fastest growing countries in the world (BRICS Report 2012, 5). Most interestingly, there has been an improvement in some of the socio-economic...
DO EFFICIENCY AND PRODUCTIVITY PAY OFF FOR CAPITAL AND LABOR?: A Note Using Data Envelopment Analysis
(ProQuest: ... denotes formulae omitted.)1.IntroductionThe concepts of diminishing returns, average productivity and marginal productivity in microeconomics have been debated by both heterodox and neoclassical economists (Keen 2011). It is when these...
Globalization, Employment and Agriculture: A Review of the Eleventh Forum of the World Association for Political Economy
The World Association for Political Economy (WAPE) is an international academic organization founded by Marxist economists and related groups around the world. The mission of WAPE is to utilize modern Marxian economics to analyze and study the world...
GLOBALIZATION, EMPLOYMENT AND AGRICULTURE: A Statement of the Eleventh Forum of the World Association for Political Economy
June 19, 2016More than 150 Marxist scholars from China, Japan, Germany, Britain, Ireland, France, Austria, Australia, Sri Lanka, India, Brazil, Greece and other countries gathered together in Punjabi University, Patiala, India, during 16th June to 19th...
International Trade, WTO and Economic Development
1.IntroductionThe World Trade Organization (WTO) is widely seen as promoting prosperity through trade, especially favouring developing countries. This is presented so as to achieve "fair trade" and economic growth in developing countries (WTO 2013)....
IS THERE A TENDENCY OF THE RATE OF PROFIT TO FALL?: Theory, Evidence and an Adequate Model
(ProQuest: ... denotes formulae omitted.)1.IntroductionIt was pointed out by Marx in Capital Vol. 3 that,Owing to the distinctive methods of production developing In the capital system the same number of laborers, i.e., the same quantity of labor-power...
Opening Speech at the Eleventh Forum of the World Association for Political Economy
June 16, 2016Dear Mr. President Jaspal Singh and members of the Indian Political Economy Association, Dear Mr. President Cheng Enfu and members of the World Association for Political Economy (WAPE), Distinguished guests,It is a great pleasure, I am sure,...
THE CHANGING GEOGRAPHY OF DEBT AND IMF'S INVOLVEMENT: From Global to European South
1.IntroductionAfter the outburst of the subprime crisis and the nationalization of the private banking sector losses, states-especially those of the eurozone periphery-turned out to be heavily indebted. The resulting risk reassessment process made the...
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