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The Resource Return of Marxian Macro-dynamics in East Asia

Return of Marxian Macro-dynamics in East Asia

Return of Marxian Macro-dynamics in East Asia
Return of Marxian Macro-dynamics in East Asia
This important and timely volume brings together experts in political economy from across the globe, to comment on the return of Marxian macro-dynamics in East Asia. The contributions explore macro-dynamics, the role of the state and hegemony in the context of transnational capitalism, and Marxian alternatives for East Asia
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Research in Political Economy
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Return of Marxian Macro-dynamics in East Asia
Return of Marxian Macro-dynamics in East Asia
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  • Front Cover -- Return of Marxian Macro-dynamics in East Asia -- Contents -- List of Contributors -- Editorial Advisory Board -- Introduction: Return of Marxian Macro-Dynamics in East Asia -- Macro-Dynamics in East Asia -- State and Hegemony in East Asia in the Context of Transnational Capitalism -- Consideration of Aspects for a Marxian Alternative for East Asia -- Notes -- Part I: Macro-Dynamics in East Asia -- Labor Value and Exploitation in the Global Economy -- Introduction -- Labor Value and Exploitation in a Single Economy -- Labor Value in a Single Economy -- Conditions for Profit's Existence in a Single Economy -- Exploitation in a Single Economy -- Measuring Labor Value in Single Economy -- Global Economy -- Labor Value in a Global Economy -- Condition for Profit's Existence in Global Economy -- Exploitation in the Global Economy -- Empirical Study -- Data -- Composition of Wage Basket in Terms of Global Labor Value -- Contribution Analysis -- Conclusion -- Notes -- References -- Financial Instability in Japan: Debt, Confidence, and Financial Structure -- Introduction -- The Theoretical Model -- Empirical Analysis -- Straightforward Observation of the Survey of Business Sentiments -- Quantification of the Instability of Confidence v2 -- Analysis Using a Recursive VAR Model -- Conclusion -- Notes -- Acknowledgments -- References -- A Historical Perspective and Evaluation of Abenomics -- Introduction -- What Is Abenomics? -- Historical Background Leading to Abenomics -- The Intent of Monetary Policy under Abenomics -- Effectiveness of Abe's Monetary Policy -- Conclusion -- Notes -- References -- Biased Technical Change and Economic Growth: The Case of Korea, 1970-2013 -- Introduction -- Analytical Framework: GDS -- Historical Directions in Technical Change -- Relationship Between Technical Change and Real Wage
  • Capital Productivity Puzzle -- Concluding Remarks -- Notes -- Acknowledgments -- References -- Appendix -- Dynamics of the Rate of Surplus Value and the "New Normal" of the Chinese Economy -- Introduction -- Theoretical Issues: Marxian Variables in a Transitioning Economy -- Dynamics of the RSV and Relevant Marxian Variables in the Enterprise Sector -- Methodology and Data -- Long-term Trends of the RSV and Relevant Marxian Variables -- Decomposition of the Net Rate of Profit -- Undermined Conditions for the Growth of the RSV and the "New Normal" -- Conclusion -- Notes -- References -- Appendix -- Capital stock K -- (1) 1952-1977 -- (2) 1978-1991 -- (3) 1992-2013 -- (4) 2014 -- Agriculture -- Industry (Mining, Manufacturing, and Utilities), Construction, Transportation, Post and Telecommunications -- Food and Hotel Services -- Social Services -- Commerce -- Self-employment -- Finance and Real Estate -- Variable Capital -- Marxian Value Added -- Net Profit -- Part II: State and Hegemony in East Asia in the Context of Transnational Capitalism -- The Transnational Capitalist Class and Relations of Production in Asia and Oceania -- The Global Capitalism School -- Transnational Capitalist Class -- Labor and the Global Economy -- Finance and Production Capital -- Transnational Dynamics and (Under)development -- Transnationally Oriented Elites and the State Apparatus -- Debating The Global Capitalism School Approach -- Conclusion -- Notes -- References -- A Critical Review of China's Reform -- Introduction -- Theoretical Framework: Accumulation Imperative and Politics of Depoliticization -- The State and Imperatives of Accumulation -- Reform as Political Strategy of Depoliticization -- Historical Context of Post-Mao Reform -- First Phase of Reform and Its Limitations -- Outline of Reform in Each Economic Field -- Limitations of Reform Policies
  • Second Phase of Reform -- Restructuring of Enterprises Ownership -- Restructuring of Labor Management -- Freeing Workers from the Iron Rice Bowl -- Allowing Rural Migrant Workers into Cities -- Legalizing Labor Relations -- Restructuring of the Banking System -- Making the Central Bank "Independent" -- Making Commercial Banks Truly "Commercial" -- In Lieu of Conclusion: Limits of Reform as a Governing Strategy of Depoliticization -- Notes -- References -- Why China Is Different: Hegemony, Revolutions and the Rise of Contender States -- Introduction: Paradoxes of Contemporary Marxist Accounts -- Hegemony and Relative Geopolitical Autonomy -- Elements of Gramsci's Conception of Hegemony at the National Level -- Hegemony at the International Level and Relative Geopolitical Autonomy -- The Rise of Contender States -- US Hegemony and China's Relative Geopolitical Autonomy -- China's Relative Geopolitical Autonomy -- The US and Its Imperialist Rivals: Japan's and Germany's Subordination, China's Relative Autonomy -- Offsetting Germany's and Japan's Challenges -- China's Expansion and Its Initial Bid for Hegemony{u2026} -- {u2026} And the United States Difficulties in Countering It -- Conclusion -- Notes -- Acknowledgment -- References -- Part III: Consideration of Aspects for a Marxian Alternative for East Asia -- The Chongqing Model - Socialist Alternative or Propaganda Cliché? -- Was There Ever a Chongqing Model? -- Early History of the Chongqing Experimental Zone -- Components of the Chongqing Model -- The Land Certificates Market -- Household Registration Reform -- The Public Housing Program -- The Public-Land Leasing System and Government-Owned Enterprises -- "Striking the Black" - A Campaign against Organized Crime -- The "Red" Ideological Campaign -- Mass Coverage of the Events in Chongqing -- Was the Chongqing Model "Left"?
  • The Development of Chongqing after the Fall of Bo Xilai -- Significance of the Chongqing Model for the Whole Country -- Implications of the Chongqing Incident for the Left Wing -- Conclusion -- References -- Subversive Migration, Citizenship from below and Democracy against Bordered Capitalism -- Introduction -- Mobile Labor -- Valorization Borders, Citizenship and Bordered Capitalism -- Subversive Agency of Migrant Labor -- Social Movement Citizenship towards Democracy against Bordered Capitalism -- Conclusion -- Notes -- Acknowledgment -- References -- Part IV: Communications on Chapters on Sraffa in RPE -- Addendum to Carter's "Response to Professor Solow" -- Introduction -- On the Assumption of Constant Returns to Scale -- On the Problems Resulting from Applying a General Equilibrium Framework to Sraffa -- On Exploitation and Metaphysics -- Notes -- References -- Comments on Verger's "Addendum" -- Introductory -- Three Points of Contention That Demonstrate Solow's Misreading of Sraffa -- Concluding Remarks -- Notes -- References -- Reply to Yoann Verger -- Index
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