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Book part
Publication date: 8 May 2004

Riccardo Bellofiore

Luxemburg’s legacy is customarily reduced to two “errors”: crude economic determinism, blind belief in the spontaneity of the masses. The paper reconstructs Luxemburg’s arguments…

Abstract

Luxemburg’s legacy is customarily reduced to two “errors”: crude economic determinism, blind belief in the spontaneity of the masses. The paper reconstructs Luxemburg’s arguments about the tendency to the “final” breakdown of capitalism and her criticism of Lenin, and shows how her economic theory and political perspective are different and much richer than usually recognized. Building not only on the Accumulation of Capital but also on the Introduction to Political Economy, the paper shows that: (i) Luxemburg saw the internal link between value, abstract labour and money; (ii) she emphasized the connection between dynamic competition, relative surplus value extraction, and the “law” of the falling tendency of the “relative wage”; (iii) her theory of the crisis is not underconsumptionist. The shortage of effective demand is seen as ultimately due to a fall of autonomous investment caused by inter-sectoral disequilibria springing from the revolution in the methods of production and the consequent relative reduction of workers’ consumption. “Disproportionalities,” as soon as they affect important branches of production, end up in a general glut of commodities. The paper also assesses Luxemburg political views. Her theory of the party was very different than the one held by the Bolsheviks, but it was a view in which the organization was essential for building class consciousness “from below.” Thus, in the end, Luxemburg’s questions seems to be more interesting than her critics’ answers, her defeats more fruitful than her opponents’ victories. The paper also considers the relationship between the personal and the political in Luxemburg.

Details

Neoliberalism in Crisis, Accumulation, and Rosa Luxemburg's Legacy
Type: Book
ISBN: 978-0-76231-098-2

Book part
Publication date: 8 May 2004

Andrew B. Trigg

The theory of the monetary circuit, as developed in its most powerful form by Graziani (1989), has made a significant contribution to the analysis of credit money in Marxian…

Abstract

The theory of the monetary circuit, as developed in its most powerful form by Graziani (1989), has made a significant contribution to the analysis of credit money in Marxian economics. A key issue is the extent to which circuit theory fails to take into account the relationship between sectors producing capital and consumption goods. In Marx’s reproduction schema, how much money do capitalists need to advance in order for exchange between sectors to balance, and for the circuit to be closed? The purpose of this paper is to address this issue by examining different models of the monetary circuit, each of which has a textual grounding in Marx’s often contradictory musings in Capital, Volume 2.

Alongside alternative conceptions of the circuit of money, different interpretations exist about the role of the multiplier, which can be nested in Marx’s reproduction schema. The problem, from a Marxian point of view, is that in the existing literature investment is usually confined to the capital goods sector. It can be argued that Marx, for the most part, viewed investment as involving accumulation in both departments of production. Using a multiplier framework, derived from input-output technology, this wider treatment of investment is considered as an alternative way of modelling the circulation of money. In addition to contributing to Marxian analysis of the money circuit, this approach could also be more accessible to a wider Post Keynesian audience, since a scalar Keynesian multiplier is employed.

Details

Neoliberalism in Crisis, Accumulation, and Rosa Luxemburg's Legacy
Type: Book
ISBN: 978-0-76231-098-2

Abstract

Details

George Spencer Brown's “Design with the NOR”: With Related Essays
Type: Book
ISBN: 978-1-83982-611-5

Book part
Publication date: 9 December 2022

Riccardo Bellofiore

Rosa Luxemburg is not an under-consumptionist stressing the tendency to stagnation, it is rather an under-investment perspective: the effective demand crisis results from the…

Abstract

Rosa Luxemburg is not an under-consumptionist stressing the tendency to stagnation, it is rather an under-investment perspective: the effective demand crisis results from the disequilibria determined by a vibrant capitalist accumulation, and stems from production rather than circulation. To show this, the chapter deals with three dimensions of Rosa Luxemburg's economic thought. First, how Luxemburg's approach in her 1913 book is related with some of her prior writings, especially Social Reform or Revolution? and the Introduction to Political Economy. Second, the re-reading that Luxemburg herself provided of her own argument in terms of a macro-monetary circuit model like the one we read in her Anti-Critique. Third and last, in which sense Marx's monetary labour theory of value was for her the essential starting point, which cannot be just set aside. This last point will be preceded by a détour, the critical consideration of some key papers by Kalecki on capitalism and reform, including his late paper with Kowalik on the ‘crucial reform’. The chapter concludes with some hints pointing towards an interpretation of capitalism and its recurring crises where exploitation and effective demand are both essential in accounting for the ascent and collapses of different forms of capitalism itself.

Book part
Publication date: 20 April 2022

Paolo Landri

Standards are normative specifications for the steering of education policy and practice. They aim to clarify educational objectives, means and practice, by giving a shape to the…

Abstract

Standards are normative specifications for the steering of education policy and practice. They aim to clarify educational objectives, means and practice, by giving a shape to the worlds of education. They raise criticisms of oversimplification often splitting the discussion in unnecessary oppositions between pro and con standardisation. To escape from a fruitless antagonism, this chapter proposes the concept of waves of standardisation. Standards are essential characteristics of any organisation, including schools. Historically, standardisation of education increases with the emergence of modernity, and in particular with the unfolding and consolidation of mass schooling. Since then, however, waves of standardisation develop into diverse political scenarios and are oriented by different rationales. More than a standard world of education, a world of standards sustained by several circuits of expertise where competing logics of justifications are embedded in various political rationalities is illustrated.

Details

Educational Standardisation in a Complex World
Type: Book
ISBN: 978-1-80071-590-5

Keywords

Book part
Publication date: 17 December 2008

Barry Markovsky, Lisa M. Dilks, Pamela Koch, Shannon McDonough, Jennifer Triplett and Leia Velasquez

Theories in the justice area have proliferated with little regard either to their interconnections or to the general scientific criterion of parsimony. Recently, there have been…

Abstract

Theories in the justice area have proliferated with little regard either to their interconnections or to the general scientific criterion of parsimony. Recently, there have been several attempts to integrate justice theories. However, there has been practically no discussion of theoretical method, that is, precisely what it means to integrate two or more theories and what must be done to accomplish it. This chapter advocates building integrated theories by developing smaller modularized theories that can be formulated and assembled for multiple purposes. To illustrate the process, we construct five modules addressing different areas connected to justice issues and show how they may be combined into a single integrated structure.

Details

Justice
Type: Book
ISBN: 978-1-84855-104-6

Book part
Publication date: 6 September 2021

Christian Fuchs

This chapter asks: How do Internet users react to COVID-19 conspiracy theories spread on social media? It presents the findings of a content analysis and critical discourse…

Abstract

This chapter asks: How do Internet users react to COVID-19 conspiracy theories spread on social media? It presents the findings of a content analysis and critical discourse analysis of user comments collected from social media postings that advance COVID-19 conspiracy theories. A total of 2,847 comments made to seven social media postings whose authors support COVID-19 conspiracy theories were collected, coded and analysed.

The analysis shows the contested character of the communication of COVID-19 conspiracy theories and the role of the friend/enemy scheme, verbal attacks, violent threats, satire and humour in such communication processes.

Content available
Book part
Publication date: 8 March 2021

Abstract

Details

George Spencer Brown's “Design with the NOR”: With Related Essays
Type: Book
ISBN: 978-1-83982-611-5

Book part
Publication date: 26 October 2021

Denise Bedford and Thomas W. Sanchez

This chapter focuses on networks comprised of explicit data sources and information and non-human machines as actors. As non-human actors, we include intelligent agents, robotics…

Abstract

Chapter Summary

This chapter focuses on networks comprised of explicit data sources and information and non-human machines as actors. As non-human actors, we include intelligent agents, robotics, and other forms of interactive artificial intelligence. All six facets of knowledge networks are explored. Given these networks’ peculiar nature, three facets have particular importance, including geography, topology, and relationships. The authors provide profiles of seven networks, including semantic and citation networks, webpage networks, communications and computer networks, and energy grids.

Details

Knowledge Networks
Type: Book
ISBN: 978-1-83982-949-9

Book part
Publication date: 19 April 2024

Lars Mjøset

This study investigates Rokkan's research programme in the light of the differences between case- and variables-based methodologies. Three phases of the research process are…

Abstract

This study investigates Rokkan's research programme in the light of the differences between case- and variables-based methodologies. Three phases of the research process are distinguished. Studying the way Rokkan actually proceeded in the research within his Europe project, we find that he follows the protocols of case-methodologies such as grounded theory. In the second phase of the research process, however, he constructs variables-based models as tools for his macro-historical comparisons. To get to variables from the sensitizing concepts coded in the first phase, Rokkan defines his variables as close to cases as possible: variables as nominal level typologies, types as variable values. He thus faces two interrelated dilemmas. First, a philosophy of science dissonance: he legitimates his research only with reference to a variable-methodology, while his research is thoroughly case based. Second, a paradox of double coding: using variable-based models in the second phase, the status of the knowledge available in the first phase memos is degraded. Rokkan cannot decide between the two main solutions to these dilemmas: The first solution is to discard his heterogeneous data, instead working only with homogeneous data that opens up to more consistently variables-oriented research. The second solution is to replace the notion of variables/variable values with typology/types, thereby returning to cases, pursuing comparative case reconstructions in the third phase of research. The study concludes in favour of the second solution.

Details

A Comparative Historical and Typological Approach to the Middle Eastern State System
Type: Book
ISBN: 978-1-83753-122-6

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