The Japanese Political Economy最新文献_第7页

Introduction: Is the Uno school approach relevant to understanding present-day capitalism? 引言:乌诺学派的方法与理解当今的资本主义有关吗?

The Japanese Political Economy Pub Date : 2019-10-02 DOI: 10.1080/2329194X.2019.1701304

Nobuharu Yokokawa, R. Westra

{"title":"Introduction: Is the Uno school approach relevant to understanding present-day capitalism?","authors":"Nobuharu Yokokawa, R. Westra","doi":"10.1080/2329194X.2019.1701304","DOIUrl":"https://doi.org/10.1080/2329194X.2019.1701304","url":null,"abstract":"This special issue is devoted to elucidating momentous contributions to international Marxian political economic debate by Japanese Marxist economist Kozo Uno. To be sure, Uno’s work remains largely unheralded in Western academies and Marxist debate circles notwithstanding his crucial intervenentions on abiding questions of the Marxist research program. Part of this unfortunate absence derives from language barriers and, hence, the relative insulation of Japanese academia from global debate. Yet, in Japan, by the early 20th century, Marxism had emerged “as a virtual synonym for social science” to make groundbreaking contributions to Marxist theory (Barshay 2004, 50). Within this tendency, it is the Marxist school associated with Kozo Uno that would become the “most influential” (Barshay 2004, 69). There are two broad areas of the Marxist research program in which the writings of Uno have made major contributions to Marxist theory. The first, something that follows from the early experience of imbibing Western knowledge in Japan, is the effort at specifying social science as ontologically and epistemologically distinct from natural science. Uno, as elaborated by Sekine in this special issue, followed Marx to make the case for Marx’s economic theory in Capital as the foundation of a new, specifically, social science. Even within philosophy of science debates currently proceeding in Western academies (Westra 2019a), the ramifications of Uno’s strong case for supporting Marx’s Capital as the foundation of a genuine non-bourgeois economic science is only now being increasingly appreciated. Secondly, Uno is one of the Marxist originators of a “levels of analysis” approach to Marxian political economy. It is telling that simultaneously in the United States (US) and France, Social Structures of Accumulation (SSA) and Regulation Theory (RT) schools of Marxian political economy developed theories in the 1970s which posited that in order to study capitalism at an historical “level” Marx’s abstract theoy in Capital needed to be","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"64 8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128527048","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How to apply Uno theory to contemporary capitalism in multiple crises 如何将Uno理论应用于多重危机中的当代资本主义

The Japanese Political Economy Pub Date : 2019-07-04 DOI: 10.1080/2329194X.2019.1633545

M. Itoh

引用次数: 0

An Unoist perspective on the agrarian question in capitalist development 资本主义发展中土地问题的统一主义视角

The Japanese Political Economy Pub Date : 2019-04-22 DOI: 10.1080/2329194X.2019.1599959

R. Westra

引用次数: 3

Buy now, pay later: The great unravelling of the commodity-form 先买后付:商品形态的巨大解体

The Japanese Political Economy Pub Date : 2019-04-08 DOI: 10.1080/2329194X.2019.1590722

R. Albritton

引用次数: 1

Profitability trends in the era of financialization: Notes on the U.S. economy 金融化时代的盈利趋势:美国经济注释

The Japanese Political Economy Pub Date : 2019-04-03 DOI: 10.1080/2329194X.2019.1596033

C. Lapavitsas, Ivan Mendieta‐Muñoz

引用次数: 3

Introduction: Money, finance, and capitalist crisis 引言:货币、金融和资本主义危机

The Japanese Political Economy Pub Date : 2019-04-03 DOI: 10.1080/2329194X.2019.1623446

Nobuharu Yokokawa, C. Lapavitsas

{"title":"Introduction: Money, finance, and capitalist crisis","authors":"Nobuharu Yokokawa, C. Lapavitsas","doi":"10.1080/2329194X.2019.1623446","DOIUrl":"https://doi.org/10.1080/2329194X.2019.1623446","url":null,"abstract":"Extraordinary growth of the financial relative to the nonfinancial sector has marked the development of mature capitalism during the last four decades. The changing balance between the two sectors has altered the outlook of the economy and facilitated the spread of financial concerns, practices, and outlook across society. The result has been the gradual transformation of contemporary capitalism—namely, its financialization since the late 1970s. Financialization is marked by three profound tendencies: first, reduced reliance of nonfinancial enterprises on borrowed funds for investment; second, turning of banks toward transacting in open markets and household lending; and, third, increasing involvement of households in formal finance. These tendencies are summed up in the extraction of financial profit by various agents. We believe that there are similarities between the Marxian, the PostKeynesian and other heterodox approaches to analyzing the profound changes in money and finance in the global economy since the 1980s. Prominent among them is a common focus on financialization but also on the limits of monetary policy, the transformation of banking, the tendency to crisis related to financial excess, and the problematic role of neoliberalism in finance. Furthermore, the complexity of the interrelationship between finance and the rest of the economy has increased since the great crisis of 2007-9. This special issue of JPE provides an opportunity to tackle some of these developments as well as engaging in debate among different currents of heterodox economics. The paper by Costas Lapavitsas and Ivan Mendieta-Mu~ noz, titled “Profitability trends in the era of financialization: Notes on the U.S. economy” considers the evolution of financialization of the US economy by examining the profitability and the volume of profits of the financial sector relative to general profitability and total profits in the economy. It is shown that financial profitability rose strongly from the early 1980s to the early 2000s. Similarly, the volume of financial profits reached extraordinary levels","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123580099","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Financialization and the impasse of capitalism 金融化和资本主义的僵局

The Japanese Political Economy Pub Date : 2019-04-03 DOI: 10.1080/2329194X.2019.1612255

F. Chesnais

引用次数: 1

The comparative advantage of the U.S. shadow banking system and the role of the U.S. dollar 美国影子银行体系的比较优势和美元的作用

The Japanese Political Economy Pub Date : 2019-04-03 DOI: 10.1080/2329194X.2019.1611375

Junji Tokunaga

引用次数: 0

Marx’s Financial Capitalism 马克思的金融资本主义

The Japanese Political Economy Pub Date : 2019-04-03 DOI: 10.1080/2329194X.2019.1611377

M. Nishibe

引用次数: 0

Building blocks for the macroeconomics and political economy of housing 住房宏观经济学和政治经济学的基石

The Japanese Political Economy Pub Date : 2019-04-01 DOI: 10.1080/2329194X.2019.1611376

Engelbert Stockhammer, Christina Wolf

{"title":"Building blocks for the macroeconomics and political economy of housing","authors":"Engelbert Stockhammer, Christina Wolf","doi":"10.1080/2329194X.2019.1611376","DOIUrl":"https://doi.org/10.1080/2329194X.2019.1611376","url":null,"abstract":"Abstract Housing played an essential part in the global financial crisis 2007–2008 and the Euro crisis. Large parts of bank lending continue to go to mortgages. Housing wealth is the largest part of wealth for most households and is, at the same time, more dispersed than other forms of wealth. House prices exhibit pronounced fluctuations that are closely linked to credit growth. Housing thus plays a crucial role in the macroeconomy, which has become even more pronounced under neoliberalism. We scrutinize different theoretical approaches to housing. Despite its theoretical shortcomings, mainstream economics has pioneered empirical research on wealth effects in consumption and recently documented the role of house prices in financial cycles. Post-Keynesian theory emphasizes endogenous money creation, cycles in asset prices and debt, and has formalized the notion of a debt-driven demand regime. Comparative political economy research has recently developed the concept of the varieties of residential capitalism, which has different structures of house ownership and housing finance at the core of political coalitions. Marxist political economy has long established the intrinsic link between ownership of land and economic rent and notes that homeownership can act as force of working-class fragmentation. Wealth surveys can be used to trace the extent of conflicting interests in a class-relational approach.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127240121","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1