Toward a Theory of Uneven and Combined Late Capitalist Development

SKU: PR384269

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Description

Condition: BRAND NEW
ISBN: 9798350937237
Format: Trade paperback (US)
Year: 2024
Publisher: Bookbaby


Description:
In this book, I critically survey a representative set of theories of late capitalist development to outline a theory of uneven and combined development. The selected theorists and their focus are W. Arthur Lewis (growth with an unlimited supply of labor), Raul Prebisch and Arghiri Emmanuel (terms of trade and unequal exchange), Paul Baran (monopoly capital thesis), Stephen Hymer (internationalization of capital and uneven development), Nicholas Kaldor (cumulative causation model), Alexander Gerschenkron (relative backwardness thesis), and Ernest Mandel (search for surplus-profit and uneven and combined development). They provide a spectrum of theoretical approaches to late capitalist development, including economic development, international trade, industrial organization, post-Keynesian theory, economic history, and Marxian theory.



I focus on competition to analyze these theories and develop an outline of a theory of uneven and combined late capitalist development. In most economic theories, competition serves as the organizing principle and the medium of realization of the development process. Yet, the role of competition in theories of late capitalist development still needs to be examined. The book analyzes in detail the problem of competition, including in the labor market (Lewis, Prebisch, Emmanuel), commodity markets (Baran, Kaldor, Mandel), technology (Kaldor), management and firm organization (Hymer), finance (Gerschenkron), and the state (Baran, Hymer, Gerschenkron, Mandel). I explore the logic of these theories, how competition is conceived, and its role in understanding the late development process. The basic concl

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