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Earthly Plenitudes
A Study on Sovereignty and Labor
Bruno Gullì
Temple University Press, 2016
A fierce critique of productivity and sovereignty in the world of labor and everyday life, Bruno Gullì’s Earthly Plenitudes asks, can labor exist without sovereignty and without capitalism? He introduces the concept of dignity of individuation to prompt a rethinking of categories of political ontology. Dignity of individuation stresses the notion that the dignity of each and any individual being lies in its being individuated as such; dignity is the irreducible and most essential character of any being. Singularity is a more universal quality.

Gullì first reviews approaches to sovereignty by philosophers as varied as Gottfried Leibniz and Georges Bataille, and then looks at concrete examples where the alliance of sovereignty and capital cracks under the potency of living labor. He examines contingent academic labor as an example of the super-exploitation of labor, which has become a global phenomenon, and as such, a clear threat to the sovereign logic of capital. Gullì also looks at disability to assert that a new measure of humanity can only be found outside the schemes of sovereignty, productivity, efficiency, and independence, through care and caring for others, in solidarity and interdependence.
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Economics After Capitalism
A Guide to the Ruins and a Road to the Future
Derek Wall
Pluto Press, 2015
From the time it was uttered by Margaret Thatcher in the 1980s, “There is no alternative” has been the unofficial mantra of the neoliberal order. The illusion of inevitability has long been a bulwark of late capitalism, leaving us unable to imagine anything beyond its crises and inequalities. But as Derek Wall argues in Economics After Capitalism, there is in fact an alternative to our crisis-ridden, austerity-inflicted world—and not just one alternative, but many.
            Challenging the arguments for markets, mainstream economics, and capitalism from Adam Smith onwards, Economics After Capitalism provides a step-by-step guide to the writers, movements, and schools of thought critical of neoliberal globalization. These thinkers range from Keynesian-inspired reformists such as George Soros and Joseph Stiglitz and critics of inequality like Thomas Piketty and Amartya Sen to more radical voices such as Naomi Klein, Marxists such as David Harvey, anarchists, and autonomists including Antonio Negri and Michael Hardt.
            Wall explains Marx’s economic system in a twenty-first century context and outlines how we can build a democratic economy that, by drawing on the ideas of Elinor Ostrom, Hugo Chavez and others, can renew socialism. In providing a clear and accessible guide to the economics of anti-capitalism, Wall successfully demonstrates that an alternative to rampant climate change, elite rule and financial chaos is not just necessary, but possible.
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Economics for Everyone, Second Edition
A Short Guide to the Economics of Capitalism
Jim Stanford
Pluto Press, 2015
Economics is too important to be left to the economists, argues Jim Stanford, and this concise and readable book provides nonspecialists with all the information they need to understand how capitalism works (and how it doesn’t).
            Now in its second edition, Economics for Everyone is an antidote to the abstract and ideological way that economics is normally taught and reported. Key concepts such as finance, competition, and wages are explored, and their importance to everyday life is revealed. Stanford answers such questions as “Do workers need capitalists,” “Why does capitalism harm the environment,” and “What really happens on the stock market.”
            Illustrated with humorous and educational cartoons by Tony Biddle, and supported with a comprehensive set of web-based course materials for popular economics courses, this book will appeal to students of social sciences who need to engage with economics as well as anyone seeking to better understand today’s economy.
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Egalitarian Capitalism
Jobs, Incomes, and Growth in Affluent Countries
Lane Kenworthy
Russell Sage Foundation, 2004
Declining participation in labor unions, the movement toward a service-based economy, and increased globalization have cast doubt on the extent to which welfare states can continue to stem inequality in market economies over the long-term. Does the new economy render existing models of social assistance obsolete? Do traditional welfare states hamper economic and employment growth, thereby worsening the plight of the poor? Lane Kenworthy offers a rigorous empirical analysis of these questions in Egalitarian Capitalism. The book examines sixteen industrialized countries in North America, Western Europe, and Scandinavia—each with different approaches to assisting the poor—to see how successful each has been in developing its economy and curbing inequality over the past twenty years. Kenworthy finds that inequality grew in almost all of these countries, from the most progressive to the least. Using simple but powerful statistical tests, he assesses the theory that inequality is necessary to improve economic growth and reduce poverty. He finds no necessary trade-off between equality and economic growth but discovers some evidence that high minimum wages dampen employment growth in private sector services. Kenworthy suggests that without greater private sector employment, public supports may be unable to adequately sustain living standards for the poor. An equitable growth strategy necessitates a balance of policy options: Creating jobs is aided by loose employment regulation, low payroll taxes, and, in some cases, lower real wages for workers at the bottom of the income spectrum. However, high employment is also facilitated by a system that "makes work pay" with earnings subsidies, workplace flexibilities, financial support for those who are between jobs or unable to work, and universal health and child care coverage. Kenworthy suggests that these strategies, though generally presented as mutually exclusive, could be effectively combined to create a robust, fair economy. Egalitarian Capitalism addresses fundamental questions of national policy with rigorous scholarship and a clarity that makes it accessible to any reader interested in the alleged trade-off between social equity and market efficiency. The book analyzes the viability of traditional welfare regimes and offers sustainable options that can promote egalitarian societies without hampering economic progress. A Volume in the American Sociological Association's Rose Series in Sociology
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El Dorado In West Africa
The Gold Mining Frontier, African Labor, and Colonial Capitalism
Raymond E. Dumett
Ohio University Press, 1998

The second half of the nineteenth century witnessed some of the greatest gold mining migrations in history when dreams of bonanza lured thousands of prospectors and diggers to the far corners of the earth—including the Gold Coast of West Africa.

El Dorado in West Africa explores the first modern gold rush of Ghana in all of its dimensions—land, labor, capital, traditional African mining, technology, transport, management, the clash of cultures, and colonial rule. The rich tapestry of events is crisscrossed by unexpected ironies and paradoxes.

Professor Dumett tells the story of the expatriate-led gold boom of 1875-1900 against the background of colonial capitalism. Through the use of oral data, he also brings to light the expansion of a parallel “African gold mining frontier,” which outpaced the expatriate mining sector.

African women, kings and chiefs, and the ordinary Akan farmer/miners, as well as European engineers and speculators, are the focal points of this study. It probes in depth the productive and developmental features and the turbulent and shattering effects of mining capitalism on African societies.

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The Emergence of Modern Business Enterprise in France, 1800–1930
Michael Stephen Smith
Harvard University Press, 2006

In this magisterial study, Michael Smith explains how France left behind small-scale merchant capitalism for the large corporate enterprises that would eventually dominate its domestic economy and project French influence throughout the world.

Arguing against the long-standing view that French economic and business development was crippled by missed opportunities and entrepreneurial failures, Smith presents a story of considerable achievement. French companies made major contributions to the Second Industrial Revolution of 1880-1930, especially in ferrous and non-ferrous metallurgy, electrochemicals, industrial gases, and motor vehicles. Rejecting the notion that France took a separate route to economic modernity, Smith argues that it tracked other industrial nations along a path dominated by large-scale production and corporate enterprise. Technological and organizational capabilities acquired by French companies prior to 1930 played a key role in the country's rapid economic recovery after World War II and its broader economic success in the second half of the twentieth century. Smith also addresses the distinctive characteristics of French economic and business development, including the pivotal role of the French state, the pervasive influence of French financiers, and the significance of labor conflict.

This superb account is an invaluable contribution to business history and the history of modern France.

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Empire's Endgame
Racism and the British State
Gargi Bhattacharyya
Pluto Press, 2021
We are in a moment of profound overlapping crises. The landscape of politics and entitlement is being rapidly and unpredictably remade. As movements against colonial legacies and state violence coincide with the rise of new authoritarian regimes, it is the analytical lens of racism, and the politics of race, that offers the sharpest focus. In Empire's Endgame, eight leading scholars make a powerful collective intervention in debates around racial capitalism and political crisis in the British context. While the 'Hostile Environment' policy and Brexit Referendum have thrown the centrality of race into sharp relief, discussions of racism have too often focused on individual attitudes and behaviors. Foregrounding instead the wider political and economic context, the authors of Empire's Endgame trace the ways in which the legacies of empire have been reshaped by global capitalism, the digital environment and the instability of the nation-state. Engaging with contemporary movements such as Black Lives Matter and Rhodes Must Fall, Empire's Endgame offers both an original perspective on race, media, the state and criminalization, and a vision of a political infrastructure that might include rather than expel in the face of crisis.
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The Enchantments of Mammon
How Capitalism Became the Religion of Modernity
Eugene McCarraher
Harvard University Press, 2019

“An extraordinary work of intellectual history as well as a scholarly tour de force, a bracing polemic, and a work of Christian prophecy…McCarraher challenges more than 200 years of post-Enlightenment assumptions about the way we live and work.”
The Observer

At least since Max Weber, capitalism has been understood as part of the “disenchantment” of the world, stripping material objects and social relations of their mystery and magic. In this magisterial work, Eugene McCarraher challenges this conventional view. Capitalism, he argues, is full of sacrament, whether one is prepared to acknowledge it or not. First flowering in the fields and factories of England and brought to America by Puritans and evangelicals, whose doctrine made ample room for industry and profit, capitalism has become so thoroughly enmeshed in the fabric of our society that our faith in “the market” has become sacrosanct.

Informed by cultural history and theology as well as management theory, The Enchantments of Mammon looks to nineteenth-century Romantics, whose vision of labor combined reason, creativity, and mutual aid, for salvation. In this impassioned challenge to some of our most firmly held assumptions, McCarraher argues that capitalism has hijacked our intrinsic longing for divinity—and urges us to break its hold on our souls.

“A majestic achievement…It is a work of great moral and spiritual intelligence, and one that invites contemplation about things we can’t afford not to care about deeply.”
Commonweal

“More brilliant, more capacious, and more entertaining, page by page, than his most ardent fans dared hope. The magnitude of his accomplishment—an account of American capitalism as a religion…will stun even skeptical readers.”
Christian Century

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Encountering China
Michael Sandel and Chinese Philosophy
Michael J. Sandel
Harvard University Press, 2018

In the West, Harvard philosopher Michael Sandel is a thinker of unusual prominence. In China, he’s a phenomenon, greeted by vast crowds. China Daily reports that he has acquired a popularity “usually reserved for Hollywood movie stars.” China Newsweek declared him the “most influential foreign figure” of the year. In Sandel the Chinese have found a guide through the ethical dilemmas created by the nation’s swift embrace of a market economy—a guide whose communitarian ideas resonate with aspects of China’s own rich and ancient philosophical traditions.

Chinese citizens often describe a sense that, in sprinting ahead, they have bounded past whatever barriers once held back the forces of corruption and moral disregard. The market economy has lifted millions from poverty but done little to define ultimate goals for individuals or the nation. Is the market all there is? In this context, Sandel’s charismatic, interactive lecturing style, which roots moral philosophy in real-world scenarios, has found an audience struggling with questions of their responsibility to one another.

Encountering China brings together leading experts in Confucian and Daoist thought to explore the connections and tensions revealed in this unlikely episode of Chinese engagement with the West. The result is a profound examination of diverse ideas about the self, justice, community, gender, and public good. With a foreword by Evan Osnos that considers Sandel’s fame and the state of moral dialogue in China, the book will itself be a major contribution to the debates that Sandel sparks in East and West alike.

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The End Of Capitalism (As We Knew It)
A Feminist Critique of Political Economy
J.K. Gibson-Graham
University of Minnesota Press, 2006
In the mid-1990s, at the height of academic discussion about the inevitability of capitalist globalization, J. K. Gibson-Graham presented a groundbreaking and controversial argument for envisioning alternative economies. This new edition includes an introduction in which the authors address critical responses to The End of Capitalism and outline the economic research and activism they have been engaged in since the book was first published.

“Paralyzing problems are banished by this dazzlingly lucid, creative, and practical rethinking of class and economic transformation.” —Meaghan Morris, Lingnan University, Hong Kong

“Profoundly imaginative.” —Eve Kosofsky Sedgwick, City University of New York “Filled with insights, it is clearly written and well supported with good examples of actual, deconstructive practices.” —International Journal of Urban and Regional Research

J. K. Gibson-Graham is the pen name of Katherine Gibson and Julie Graham, feminist economic geographers who work, respectively, at the Australian National University in Canberra and the University of Massachusetts Amherst.
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The End of Organized Capitalism
Scott Lash
University of Wisconsin Press, 1987

The End of Organized Capitalism argues that—despite Marx’s and Weber’s insistence that capitalist societies become increasingly more ordered—we now live in an era of “disorganized capitalism.” The book is devoted to a systematic examination of the shift to disorganized capitalism in five Western nations (Britain, the United States, France, West Germany, and Sweden). Through the analysis of space, class, and culture, Lash and Urry portray the restructuring of capitalist social relations that has resulted from this disorganization. They adduce evidence for the claims that in each of the nations there is a movement toward a deconcentration of capital within nation-states; toward the increased separation of banks, industry and the state; and toward the redistribution of productive relations and class-relevant residential patterns.
    The authors also show that national disparities in contemporary, disorganized capitalism can be understood through close examination of the extent to which, and mode in which, capitalism became historically organized in each of the five countries under consideration.
    The lucid arguments and judicious comparisons in this book will be of great interest to political scientists, sociologists, geographers, economists, and historians.

 

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Ends in Sight
Marx/Fukuyama/Hobsbawm/Anderson
Gregory Elliott
Pluto Press, 2008
Following the disappearance of the Soviet Union, scholars across the political spectrum tackled the world-historical significance of the end of communism. This book addresses the balance-sheets of modern political history offered by three writers---Francis Fukuyama, Eric Hobsbawm and Perry Anderson---comparing them with the future projected by Marx in The Communist Manifesto.



Gregory Elliott argues that Marx is central to all three accounts and that, along with the Manifesto, they form a quartet of analyses of the results and prospects of capitalism and socialism, which are of enduring significance for the Left.



Senses of an Ending provides a readable survey of key historical and political thinkers that will appeal to anyone interested in modern political thought.

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The Ends of Freedom
Reclaiming America's Lost Promise of Economic Rights
Mark Paul
University of Chicago Press, 2023
An urgent and galvanizing argument for an Economic Bill of Rights—and its potential to confer true freedom on all Americans.

Since the Founding, Americans have debated the true meaning of freedom. For some, freedom meant the provision of life’s necessities, those basic conditions for the “pursuit of happiness.” For others, freedom meant the civil and political rights enumerated in the Bill of Rights and unfettered access to the marketplace—nothing more.  As Mark Paul explains, the latter interpretation—thanks in large part to a particularly influential cadre of economists—has all but won out among policymakers, with dire repercussions for American society: rampant inequality, endemic poverty, and an economy built to benefit the few at the expense of the many.

In this book, Paul shows how economic rights—rights to necessities like housing, employment, and health care—have been a part of the American conversation since the Revolutionary War and were a cornerstone of both the New Deal and the Civil Rights Movement. Their recuperation, he argues, would at long last make good on the promise of America’s founding documents. By drawing on FDR’s proposed Economic Bill of Rights, Paul outlines a comprehensive policy program to achieve a more capacious and enduring version of American freedom. Among the rights he enumerates are the right to a good job, the right to an education, the right to banking and financial services, and the right to a healthy environment.

Replete with discussions of some of today’s most influential policy ideas—from Medicare for All to a federal job guarantee to the Green New Deal—The Ends of Freedom is a timely and urgent call to reclaim the idea of freedom from its captors on the political right—to ground America’s next era in the country’s progressive history and carve a path toward a more economically dynamic and equitable nation.
 
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Enterprise
The Dynamic Economy of a Free People
Stuart Bruchey
Harvard University Press, 1990

Not since Charles and Mary Beard's The Rise of American Civilization has a narrative been written for the general reader and student alike that so superbly explicates the origins of American capitalism. Arguing that the central fact explaining the success of the American experiment is the development of the economy, the distinguished economic historian Stuart Bruchey shows the reciprocal relationship between economic growth and values, law, and social and political change, as well as between economic development and the more traditional variables of capital, labor, and resources.

Enterprising, risk-taking men and women in all walks of life are at the center of the remarkable story that is the American dream and reality. The farm family moving to an unfamiliar environment and trying new technology; the business executive or worker with a new idea for improving a machine; the jurist venturing down a different legal path to sharpen incentives to invest; lawmakers of all kinds risking tenure or office by giving priority to measures designed to entice capital and labor to their jurisdictions—these entrepreneurs provided the leaven that gradually raised the living standards of the average person to heights unknown anywhere in the past.

Twenty years in the writing, Enterprise summarizes the scholarly contributions of historians and social scientists. It reaches deep into the European past—to fourteenth-century Italy—to retrace the origins of American capitalism. The author tells the story of individual achievement and vertical social mobility and their triumph over obstacles, a never-ending theme of American enterprise. Whether Americans maintain those heights today or will suffer a decline as the price of 1980s “now-nowism”—as Richard Darman characterizes this decade of wanting everything, at once, and paying nothing—remains to be seen.

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Entrepreneurial Seoulite
Culture and Subjectivity in Hongdae, Seoul
Mihye Cho
University of Michigan Press, 2019
Entrepreneurial Seoulite might be read as a memoir on Hongdae based on the author’s observations as a member of South Korea’s Generation X. During the 1990’s, Hongdae became widely known as a cool place associated with discourses on alternative music, independent labels, and club culture. Today, Hongdae is well known for its youth culture and nightlife, as well as its gentrification. 

Recent research on Korean culture approaches the K-wave phenomenon from the perspectives of cultural consumption, media analysis, and cultural management and policy. Meanwhile, studies on Seoul have centered on its transformation as a global, creative city. Rather than examining the K-wave or the city itself, this book explores the experience of living through the city-in-transition, focusing on the relationship between “the ideology that justified engagement in capitalism” and the “subjectification process.” The book aims to understand the project to institutionalize a cultural district in Hongdae as a demonstration of the coevolution of ideologies and citizenship in a society undergoing rapid liberalization—politically, culturally, and economically. 

A cultural turn took place in Korea during the 1990s, amid the economic prosperity driven by state-led industrialization and the collapse of the military dictatorship due to democratization movements. Cultural critiques, emerging as an alternative to social movements, proliferated to assert the freedom and autonomy of individuals against regulatory systems and institutions. The nation was hit by the Asian financial crisis in 1997, and witnessed massive economic restructuring including layoffs, stakeouts, and a prevalence of contingent employment. As a result, the entire nation had to find new engines of economic growth while experiencing a creative destruction. At the center of this national transformation, Seoul has sought to recreate itself from a mega city to a global city, equipped with cutting-edge knowledge industries and infrastructures.

By juxtaposing the cultural turn and cultural/creative city-making, Entrepreneurial Seoulite interrogates the formation of new citizen subjectivity, namely the enterprising self, in post-Fordist Seoul. What kinds of logic guide individuals in the engagement of new urban realities in rapidly liberalized Seoul—culturally and economically? In order to explore this query, Mihye Cho draws on Weber’s concept of “the spirit of capitalism” on the formation of a new economic agency focusing on the re-configuration of meanings, and seeks to capture a transformative moment detailing when and how capitalism requests a different spirit and lifestyle of its participants. Likewise, this book approaches the enterprising self as the new spirit of post-Fordist Seoul and explores the ways in which people in Seoul internalize and negotiate this new enterprising self.
 
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Ethics, Business and Capitalism
Thailand and Indonesia in an Asian Perspective
Edited by Janet Hunter, Patnaree Srisuphaolarn, Pierre van der Eng, and Julia Yongue
National University of Singapore Press, 2024
Academic analysis of business ethics in Southeast Asia. 

Taking cues from the Japanese concept of ethical or stakeholder capitalism, this book demonstrates how the business activities of firms in Thailand and Indonesia are guided by their perceptions of morality in society and their concerns about the environment. The authors explore the likelihood that foreign influences contributed to the development of such management philosophies, for example through the expansion of Japanese subsidiary firms in the 1980s or the spread of foreign articulations of the concept of corporate social responsibility (CSR) since the 2000s. Companies in both countries may exercise a degree of pragmatism in how they develop these activities. As the authors reveal, the perceptions of morality in business that have shaped many entrepreneurs and companies in Thailand and Indonesia are their responses to the dynamic political, social, and economic factors that have formed the business environments of both countries.
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Ethnic Entrepreneurs, Crony Capitalism, and the Making of the Franco-Mexican Elite
José Galindo
University of Alabama Press, 2021
A groundbreaking historical narrative of corruption and economic success in Mexico

Ethnic Entrepreneurs, Crony Capitalism, and the Making of the Franco-Mexican Elite provides a new way to understand the scope and impact of crony capitalism on institutional development in Mexico. Beginning with the Porfiriato, the period between 1876 and 1911 named for the rule of President Porfirio Díaz, José Galindo identifies how certain behavioral patterns of the Mexican political and economic elite have repeated over the years, and analyzes aspects of the political economy that have persisted, shaping and at times curtailing Mexico’s economic development.
 
Strong links between entrepreneurs and politicians have allowed elite businessmen to receive privileged support, such as cheap credit, tax breaks, and tariff protection, from different governments and to run their companies as monopolies. In turn, successive governments have obtained support from businesses to implement public policies, and, on occasion, public officials have received monetary restitution. Galindo notes that Mexico’s early twentieth-century institutional framework was weak and unequal to the task of reining in these systematic abuses. The cost to society was high and resulted in a lack of fair market competition, unequal income distribution, and stunted social mobility.
 
The most important investors in the banking, commerce, and manufacturing sectors at the beginning of the twentieth century in Mexico were of French origin, and Galindo explains the formation of the Franco-Mexican elite. This Franco-Mexican narrative unfolds largely through the story of one of the richest families in Mexico, the Jeans, and their cotton textile empire. This family has maintained power and wealth through the current day as Emilio Azcárraga Jean, a great-grandson of one of the members of the first generation of the Jean family to arrive in Mexico, owns Televisa, a major mass media company with one of the largest audiences for Spanish-language content in the world.
 
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Everything for Sale
The Virtues and Limits of Markets
Robert Kuttner
University of Chicago Press, 1999
In this highly acclaimed, provocative book, Robert Kuttner disputes the laissez-faire direction of both economic theory and practice that has been gaining in prominence since the mid-1970s. Dissenting voices, Kuttner argues, have been drowned out by a stream of circular arguments and complex mathematical models that ignore real-world conditions and disregard values that can't easily be turned into commodities. With its brilliant explanation of how some sectors of the economy require a blend of market, regulation, and social outlay, and a new preface addressing the current global economic crisis, Kuttner's study will play an important role in policy-making for the twenty-first century.

"The best survey of the limits of free markets that we have. . . . A much needed plea for pragmatism: Take from free markets what is good and do not hesitate to recognize what is bad."—Jeff Madrick, Los Angeles Times

"It ought to be compulsory reading for all politicians—fortunately for them and us, it is an elegant read."—The Economist

"Demonstrating an impressive mastery of a vast range of material, Mr. Kuttner lays out the case for the market's insufficiency in field after field: employment, medicine, banking, securities, telecommunications, electric power."—Nicholas Lemann, New York Times Book Review

"A powerful empirical broadside. One by one, he lays on cases where governments have outdone markets, or at least performed well."—Michael Hirsh, Newsweek

"To understand the economic policy debates that will take place in the next few years, you can't do better than to read this book."—Suzanne Garment, Washington Post Book World


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Expulsions
Brutality and Complexity in the Global Economy
Saskia Sassen
Harvard University Press, 2014

Soaring income inequality and unemployment, expanding populations of the displaced and imprisoned, accelerating destruction of land and water bodies: today’s socioeconomic and environmental dislocations cannot be fully understood in the usual terms of poverty and injustice, according to Saskia Sassen. They are more accurately understood as a type of expulsion—from professional livelihood, from living space, even from the very biosphere that makes life possible.

This hard-headed critique updates our understanding of economics for the twenty-first century, exposing a system with devastating consequences even for those who think they are not vulnerable. From finance to mining, the complex types of knowledge and technology we have come to admire are used too often in ways that produce elementary brutalities. These have evolved into predatory formations—assemblages of knowledge, interests, and outcomes that go beyond a firm’s or an individual’s or a government’s project.

Sassen draws surprising connections to illuminate the systemic logic of these expulsions. The sophisticated knowledge that created today’s financial “instruments” is paralleled by the engineering expertise that enables exploitation of the environment, and by the legal expertise that allows the world’s have-nations to acquire vast stretches of territory from the have-nots. Expulsions lays bare the extent to which the sheer complexity of the global economy makes it hard to trace lines of responsibility for the displacements, evictions, and eradications it produces—and equally hard for those who benefit from the system to feel responsible for its depredations.

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