Capital Moves

Capital Moves

Author: Jefferson Cowie

Publisher: Cornell University Press

Published: 2019-01-24

Total Pages: 286

ISBN-13: 1501723561

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Find a pool of cheap, pliable workers and give them jobs—and soon they cease to be as cheap or as pliable. What is an employer to do then? Why, find another poor community desperate for work. This route—one taken time and again by major American manufacturers—is vividly chronicled in this fascinating account of RCA's half century-long search for desirable sources of labor. Capital Moves introduces us to the people most affected by the migration of industry and, most importantly, recounts how they came to fight against the idea that they were simply "cheap labor." Jefferson Cowie tells the dramatic story of four communities, each irrevocably transformed by the opening of an industrial plant. From the manufacturer's first factory in Camden, New Jersey, where it employed large numbers of southern and eastern European immigrants, RCA moved to rural Indiana in 1940, hiring Americans of Scotch-Irish descent for its plant in Bloomington. Then, in the volatile 1960s, the company relocated to Memphis where African Americans made up the core of the labor pool. Finally, the company landed in northern Mexico in the 1970s—a region rapidly becoming one of the most industrialized on the continent.


A Systems Perspective on Financial Systems

A Systems Perspective on Financial Systems

Author: Jeffrey Yi-Lin Forrest

Publisher: CRC Press

Published: 2014-03-03

Total Pages: 572

ISBN-13: 113802628X

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This book is devoted to a systems-theoretical presentation of the main results of applying the systemic yoyo model and relevant analytical tools to the topics of money and financial institutions. The author presents the main concepts and results of the subject matter in the language of systems science, which has in the past century prompted revolutionary applicati ons of systems research in various subfields of traditional disciplines. This volume applies a brand new logic of reasoning to some of the unsett led problems in the area of money and banking. Due to the particular systemic approach employed, the reader will be able to see how different economic activities are implicitly related to each other and how financial decisions are holistically made in reference to seemingly unrelated events. That is, the learning of this particular subject matter takes place at a different, more elevated level, from which, among others, economies are respectively seen as both closed and open systems; their interactions emulate those of rotational pools of fluids. This book can be used as a textbook for researchers and graduate students in economics, finance, systems science, and mathematical / systems modeling. It will also be useful as a reference book for applied economists and various policy makers.


Fictitious Capital

Fictitious Capital

Author: Cédric Durand

Publisher: Verso Books

Published: 2017-06-06

Total Pages: 177

ISBN-13: 1784787213

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How finance is a mechanism of social and political domination The 2007–08 credit crisis and the long recession that followed brutally exposed the economic and social costs of financialization. Understanding what lay behind these events, the rise of “fictitious capital” and its opaque logic, is crucial to grasping the social and political conditions under which we live. Yet, for most people, the operations of the financial system remain shrouded in mystery. In this lucid and compelling book, economist Cédric Durand offers a concise and critical introduction to the world of finance, unveiling the truth behind the credit crunch. Fictitious Capital moves beyond moralizing tales about greedy bankers, short-sighted experts and compromised regulators to look at the big picture. Using comparative data covering the last four decades, Durand examines the relationship between trends such as the rise in private and public debt and the proliferation of financial products; norms such as our habitual assumptions about the production of value and financial stability; and the relationship of all this to political power. Fictitious Capital offers a stark warning about the direction that the international economy is taking. Durand argues that the accelerated expansion of financial operations is a sign of the declining power of the economies of the Global North. The City, Wall Street and other centres of the power of money, he suggests, may already be caked with the frosts of winter.


A Guide to Marxian Political Economy

A Guide to Marxian Political Economy

Author: Teinosuke Otani

Publisher: Springer

Published: 2018-02-24

Total Pages: 503

ISBN-13: 3319659545

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This textbook offers a comprehensive guide to the systematic structure of capitalism, while at the same time introducing readers to all three volumes of Marx’s Capital. Based on his extensive expertise on Marx’s critique of political economy, the author reveals the specific structure of production in capitalist societies and explicates what sets this system apart from other modes of production. Marx’s political economy is explained in a systematic and easy-to-understand manner, using numerous illustrative diagrams to complement the text. This textbook will appeal to all students and scholars looking for a more comprehensive, systematic and theoretical explanation of capitalism, equipping them with a solid theoretical understanding of its core structure.


Global Restructuring and the Power of Labour

Global Restructuring and the Power of Labour

Author: Bill Dunn

Publisher: Springer

Published: 2004-05-28

Total Pages: 250

ISBN-13: 0230000665

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Bill Dunn considers and contests accounts of globalization and post-Fordism that see structural economic change in the late Twentieth-century as having fundamentally worsened the conditions and weakened the potential of labour. Including a comparative survey of restructuring in four major industries; automobiles, construction, microelectronics and finance, the book suggests the timing of change and its complex and contradictory nature undermine structural explanations of labour's situation. It redirects attention towards labour's political defeats and own institutional shortcomings.