{"title":"A Critique of A Marxist Critique Of Thorstein Veblen","authors":"A. Mouhammed","doi":"10.38024/arpe.99","DOIUrl":"https://doi.org/10.38024/arpe.99","url":null,"abstract":"Over his career, Thorstein Veblen provided the economics profession with a magnificent economic theory which later proved superior to other economic theories. His principle theory concerns the microeconomic foundations of reserve productive capacity and mark-up pricing. He also examines macroeconomic theory dealing with inflation, unemployment, the business cycle, productivity and income distribution, and economic development. His entire economic theory is ultimately critical of imperialism, militarism, and patriotism, as well as the higher plane capitalism in its zenith of large corporations and financial magnates. Given all these contributions, Marxist economists such as Sweezy, Baran, Dowd, and Hunt have criticized Veblen’s work as being grounded in Say’s Law. They criticize Veblen for having no adequate theory of investment and employment, a weak theory of imperialism, an incomplete theory of the business cycle, a tendency to racism, weak materialism, and so on. This paper aims at providing a condensed review of Veblen’s economic theory within his evolutionary framework, and criticizes the Marxist critique of Veblen’s work. It is hoped that this paper will convince Veblen’s critics of the significant value of his work.","PeriodicalId":252052,"journal":{"name":"American Review of Political Economy","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123971506","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}
{"title":"On Sraffa's q-System","authors":"Romar Correa","doi":"10.38024/arpe.102","DOIUrl":"https://doi.org/10.38024/arpe.102","url":null,"abstract":"We propose a novel interpretation of Piero Sraffa’s (1960) Standard commodity: The solution price vector of his subsistence production system is invariant to an equivalence transformation of the constants of the problem only in the case of the Standard system.","PeriodicalId":252052,"journal":{"name":"American Review of Political Economy","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125995348","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}
{"title":"Keeping Class in the Conversation in the Age of the 1%","authors":"G. Dhondt, Mathieu Dufour, Ian J. Seda-Irizarry","doi":"10.38024/arpe.181","DOIUrl":"https://doi.org/10.38024/arpe.181","url":null,"abstract":"Ten years after the crisis and six after “we are the 99%” resounded in Zuccotti Park, income inequality is still a political issue in North America. However, the way inequality is conceptualised tends to blur important distinctions amongst the people concerned, notably distinctions based on class. As professors, we feel it is important to have class be part of the conversation about inequality. This article focuses on different ways we integrate class into introductory economics courses through discussion and exercises pertaining to the teaching of inequality, as well as intergenerational mobility, poverty, exploitation, alienation, and ultimately, the American Dream.","PeriodicalId":252052,"journal":{"name":"American Review of Political Economy","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125038385","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}
{"title":"Technology A Paradigmatic Look","authors":"Kavous Ardalan","doi":"10.38024/arpe.98","DOIUrl":"https://doi.org/10.38024/arpe.98","url":null,"abstract":"Any adequate analysis of technology necessarily requires fundamental understanding of the worldviews underlying the views expressed with respect to the nature and role of technology. This paper starts with the premise that any worldview can be associated with one of the four basic paradigms: functionalist, interpretive, radical humanist, and radical structuralist. The paper looks at the current state of mainstream academic finance and notes that it is founded only on the functionalist paradigm. It argues that any view expressed with respect to technology is based on one of the four paradigms or worldviews. It, therefore, discusses four views expressed with respect to the nature and role of technology. The paper emphasizes that the four views expressed are equally scientific and informative; they look at the nature and role of technology from a certain paradigmatic viewpoint. Emphasizing this example in the area of technology, the paper concludes that there are opportunities for mainstream academic finance, in general, and technology, in particular, to benefit from contributions coming from the other three paradigms if they respect paradigm diversity.","PeriodicalId":252052,"journal":{"name":"American Review of Political Economy","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122111331","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}
{"title":"Dynamics of Poverty among Niger Delta Women An Empirical Assessment","authors":"Oboreh J. Snapps","doi":"10.38024/arpe.125","DOIUrl":"https://doi.org/10.38024/arpe.125","url":null,"abstract":"This study examines the dynamics of poverty among the Niger Delta women of Nigeria with particular reference to the Isoko’s, Ijaws, and the Itsekeri ethnic nationalities. The data for the study were obtained from field survey of 450 households from three Local Government Areas of the study. The results obtained from the study shows that there is the existence of a widespread of poverty among the women of the area even when there is obvious oil companies’ economic activities. The study also shows that despite the various government policies and programs aimed at alleviating poverty, a greater proportion of women in the area do not benefit from such programs. The paper concluded by suggesting that the government should pursue a policy aimed at targeting the women of the study area and that the establishment of empowerment programs/ skill acquisition centers for women will be of immense benefit.","PeriodicalId":252052,"journal":{"name":"American Review of Political Economy","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124362961","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}
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