Business and Management INK

Reconceptualizing Capitalism

November 19, 2011 1144

Raju J. Das, York University, published “Reconceptualizing Capitalism: Forms of Subsumption of Labor, Class Struggle, and Uneven Development” on October 4th, 2011 in the Review of Radical Political Economics‘ OnlineFirst collection. To view the rest of the collection, please click here.

The abstract:

This paper analyzes the nature of capitalism by critically employing Marx’s comments in Capital on forms of subsumption of labor. It argues that to the extent that property owners employ wage laborers to produce for the market for a profit, they are capitalist, even if they may not reinvest their profit in technology. In this situation, wage-labor is formally subsumed under capital. The transition from this stage to real subsumption of labor, which signifies capitalist development with technological change, is not, however, automatic, as Marx tended to assume. It is mediated by class struggle, which occurs in the context of geographically varying factors, such as state interventions. Uneven development, seen as the uneven transition to real subsumption, is partly a product of place-specific outcomes of class struggle. The paper thus emphasizes the relation between class struggle and dynamics of capitalism including technological change. The conceptual arguments are illustrated with empirical evidence from India. The implications of the arguments for radical development theory and politics are also briefly explored.

If you would like to learn more about The Review of Radical Political Economics, please click here.

Are you interested in receiving email alerts whenever a new article or issue becomes available? Then follow this link!

Bookmark and Share

[polldaddy rating=”4667602″]

Business and Management INK puts the spotlight on research published in our more than 100 management and business journals. We feature an inside view of the research that’s being published in top-tier SAGE journals by the authors themselves.

View all posts by Business & Management INK

Related Articles

Exploring the Psychosocial Correlation of Skin Lightening Products
Business and Management INK
February 10, 2025

Exploring the Psychosocial Correlation of Skin Lightening Products

Read Now
Exploring the Impact of COVID-19 on the European Union Emission Trading Scheme
Business and Management INK
January 10, 2025

Exploring the Impact of COVID-19 on the European Union Emission Trading Scheme

Read Now
Navigating CSR Communication in an Age of Polarization
Business and Management INK
December 18, 2024

Navigating CSR Communication in an Age of Polarization

Read Now
What European SMEs Can Teach Us About Innovation and Informal Human Resource Management
Business and Management INK
December 16, 2024

What European SMEs Can Teach Us About Innovation and Informal Human Resource Management

Read Now
When Do You Need to Trust a GenAI’s Input to Your Innovation Process?

When Do You Need to Trust a GenAI’s Input to Your Innovation Process?

In this post, co-authors Frank T. Piller, Tucker J. Marion, and Mahdi Srour reflect on the inspiration behind their research article, “Generative […]

Read Now
Using Intelligent Self-Limitation to Explore the Distinction Between Environment and Umwelt

Using Intelligent Self-Limitation to Explore the Distinction Between Environment and Umwelt

In this post, author Morten Knudsen reflects on the inspiration behind his article, “Environment and Umwelt: Grand Challenges and Intelligent Self-Limitation,” published […]

Read Now
The Authors of ‘Artificial Intelligence and Work’ on Future Risk

The Authors of ‘Artificial Intelligence and Work’ on Future Risk

During the final stages of editing the proofs for Artificial Intelligence and Work: Transforming Work, Organizations, and Society in an Age of Insecurity, […]

Read Now
0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments