The State and Accumulation under Contemporary Capitalism

Singh, Paramjit; Tiwana, Balwinder Singh

doi:10.13169/worlrevipoliecon.11.1.0076

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World Review of Political Economy

Volume 11, Issue 1

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Is Open Access

The State and Accumulation under Contemporary Capitalism

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Author(s): Paramjit Singh , Balwinder Singh Tiwana

Publication date (Print): 1 April 2020

Journal: World Review of Political Economy

Publisher: Pluto Journals

Keywords: capitalism, state, accumulation, stability, Keynesianism, financialization

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Abstract

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Author and article information

Journal

Journal ID (doi): 10.2307/j50005553

Journal ID (jcode): worlrevipoliecon

Title: World Review of Political Economy

Publisher: Pluto Journals

ISSN: 2042-891X

ISSN: 2042-8928

Publication date (Print): 1 April 2020

Volume: 11

Issue: 1 ( doiID: 10.13169/worlrevipoliecon.11.issue-1 )

Pages: 76-94

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Publisher ID: worlrevipoliecon.11.1.0076

DOI: 10.13169/worlrevipoliecon.11.1.0076

SO-VID: 57c839fa-d5c6-4ed9-a8e7-28fa18cb04da

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ScienceOpen disciplines: Political economics

Keywords: accumulation,financialization,Keynesianism,stability,capitalism,state

References

Althusser, L. 2006. “Ideology and Ideological State Apparatuses.” In Lenin and Philosophy and Other Essays, edited by L. Althusser, 127–186. New Delhi: Aakar Books.
Amin, S. 2008. “Market Economy or Oligopoly-Finance Capitalism?” Monthly Review 59 (11): 51–61.
Baran, P. A., and P. M. Sweezy. 1966. Monopoly Capital: An Essay on the American Economic and Social Order. New York: Monthly Review Press.
Bruff, I. 2016. “Neoliberalism and Authoritarianism.” In The Handbook of Neoliberalism, edited by S. Springer, K. Birch and J. MacLeavy, 107–118. New York and London: Routledge.
Bukharin, N. 2010. Imperialism and World Economy. New Delhi: Aakar Books.
Foster, J. B., and F. Magdoff. 2009. The Great Financial Crisis: Causes and Consequences. New York: Monthly Review Press.
Foster, J. B., and R. W. McChesney. 2012. The Endless Crisis: How Monopoly Finance Capital Produces Stagnation and Upheaval from the USA to China. New York: Monthly Review Press.
Friedman, M. (1962) 2009. Capitalism and Freedom. Chicago: University of Chicago Press. Friedman, M. 1968. “The Role of Monetary Policy.” American Economic Review 58 (1): 1–17.
Gold, D. A., C. Y. H. Lo, and E. O. Wright. 1975. “Recent Developments in Marxist Theories of the Capitalist State.” Monthly Review 27 (5): 29–41.
Harvey, D. 2001. Spaces of Capital: Towards a Critical Geography. New York: Routledge.
Harvey, D. 2007. A Brief History of Neoliberalism. New York: Oxford University Press.
Hayek, F. (1944) 2006. Road to Serfdom. London: Routledge.
Heinrich, M. 2012. An Introduction to Three Volumes of Karl Marx's Capital. New York: Monthly Review Press.
Hilferding, R. 1981. Finance Capital: A Study of the Latest Phase of Capitalist Development. London: Routledge & Kegan Paul.
Jessop, B. 1982. The Capitalist State: Marxist Theories and Method. London: Martin Robertson.
Kalecki, M. 1971. “Political Aspects of Full Employment.” In Selected Essays on the Dynamics of the Capitalist Economy 1933–1970, edited by M. Kalecki, 138–145. London: Cambridge University Press.
Keynes, J. M. (1926) 1963. Essays in Persuasion. New York: W. W. Norton & Co.
Keynes, J. M. 2008. The General Theory of Employment, Interest and Money. New Delhi: Atlantic Publications.
Lenin, V. I. 2010. Imperialism: The Highest Stage of Capitalism. Lucknow: Rahul Foundation.
Lenin, V. I. 2011. State and Revolution. New Delhi: People's Publishing House.
Marx, K., and F. Engels. 1970. The German Ideology. Moscow: Progress Publishers.
Marx, K., and F. Engels. 1972. On Colonialism. Moscow: Progress Publishers.
Marx, K. (1843) 1992. “Critique of Hegel's Doctrine of the State.” In Early Writings, by K. Marx, 57–198. London: Penguin Publishers.
Marx, K. (1842) 1977. “The Law on Theft of Wood.” In Karl Marx: Selected Writings, edited by D. McLellan, 26–27. London: Oxford University Press.
Marx, K. (1859) 2010. A Contribution to the Critique of Political Economy. Lucknow: Rahul Foundation.
McChesney, R. W. 2010. “This isn't What Democracy Looks Like.” Monthly Review 10 (8): 1–28.
Negri, T. 1988. “Keynes and the Capitalist Theory of the State Post-1929.” In Revolution Retrieved: Writings on Marx, Keynes, Capitalist Crisis and the New Social Subject (1967–83), edited by T. Negri, 5–42. London: Red Notes.
Piketty, T. 2014. Capital in the Twenty-First Century. London: Harvard University Press.
Sanyal, A. 1982. “On the Economic Role of the State under State Monopoly Capitalism.” Social Scientist 10 (12): 3–14.
Streeck, W. 2011. “The Crisis of Democratic Capitalism.” New Left Review 71: 5–29.
The Wire. 2019. “Is BJP Riding a Modi Wave or a Money Wave?” https://thewire.in/politics/bjp-modi-political-funding-money.
Tiwana, B. S., and P. Singh. 2015. “Nation State, Marketisation of Social Services and Uncertainty of Livelihood in India.” World Review of Political Economy 6 (1): 33–57.

Comments

Comment on this article

[1] Althusser, L. 2006. “Ideology and Ideological State Apparatuses.” In Lenin and Philosophy and Other Essays, edited by L. Althusser, 127–186. New Delhi: Aakar Books.

[2] Amin, S. 2008. “Market Economy or Oligopoly-Finance Capitalism?” Monthly Review 59 (11): 51–61.

[3] Baran, P. A., and P. M. Sweezy. 1966. Monopoly Capital: An Essay on the American Economic and Social Order. New York: Monthly Review Press.

[4] Bruff, I. 2016. “Neoliberalism and Authoritarianism.” In The Handbook of Neoliberalism, edited by S. Springer, K. Birch and J. MacLeavy, 107–118. New York and London: Routledge.

[5] Bukharin, N. 2010. Imperialism and World Economy. New Delhi: Aakar Books.

[6] Foster, J. B., and F. Magdoff. 2009. The Great Financial Crisis: Causes and Consequences. New York: Monthly Review Press.

[7] Foster, J. B., and R. W. McChesney. 2012. The Endless Crisis: How Monopoly Finance Capital Produces Stagnation and Upheaval from the USA to China. New York: Monthly Review Press.

[8] Friedman, M. (1962) 2009. Capitalism and Freedom. Chicago: University of Chicago Press. Friedman, M. 1968. “The Role of Monetary Policy.” American Economic Review 58 (1): 1–17.

[9] Gold, D. A., C. Y. H. Lo, and E. O. Wright. 1975. “Recent Developments in Marxist Theories of the Capitalist State.” Monthly Review 27 (5): 29–41.

[10] Harvey, D. 2001. Spaces of Capital: Towards a Critical Geography. New York: Routledge.

[11] Harvey, D. 2007. A Brief History of Neoliberalism. New York: Oxford University Press.

[12] Hayek, F. (1944) 2006. Road to Serfdom. London: Routledge.

[13] Heinrich, M. 2012. An Introduction to Three Volumes of Karl Marx's Capital. New York: Monthly Review Press.

[14] Hilferding, R. 1981. Finance Capital: A Study of the Latest Phase of Capitalist Development. London: Routledge & Kegan Paul.

[15] Jessop, B. 1982. The Capitalist State: Marxist Theories and Method. London: Martin Robertson.

[16] Kalecki, M. 1971. “Political Aspects of Full Employment.” In Selected Essays on the Dynamics of the Capitalist Economy 1933–1970, edited by M. Kalecki, 138–145. London: Cambridge University Press.

[17] Keynes, J. M. (1926) 1963. Essays in Persuasion. New York: W. W. Norton & Co.

[18] Keynes, J. M. 2008. The General Theory of Employment, Interest and Money. New Delhi: Atlantic Publications.

[19] Lenin, V. I. 2010. Imperialism: The Highest Stage of Capitalism. Lucknow: Rahul Foundation.

[20] Lenin, V. I. 2011. State and Revolution. New Delhi: People's Publishing House.

[21] Marx, K., and F. Engels. 1970. The German Ideology. Moscow: Progress Publishers.

[22] Marx, K., and F. Engels. 1972. On Colonialism. Moscow: Progress Publishers.

[23] Marx, K. (1843) 1992. “Critique of Hegel's Doctrine of the State.” In Early Writings, by K. Marx, 57–198. London: Penguin Publishers.

[24] Marx, K. (1842) 1977. “The Law on Theft of Wood.” In Karl Marx: Selected Writings, edited by D. McLellan, 26–27. London: Oxford University Press.

[25] Marx, K. (1859) 2010. A Contribution to the Critique of Political Economy. Lucknow: Rahul Foundation.

[26] McChesney, R. W. 2010. “This isn't What Democracy Looks Like.” Monthly Review 10 (8): 1–28.

[27] Negri, T. 1988. “Keynes and the Capitalist Theory of the State Post-1929.” In Revolution Retrieved: Writings on Marx, Keynes, Capitalist Crisis and the New Social Subject (1967–83), edited by T. Negri, 5–42. London: Red Notes.

[28] Piketty, T. 2014. Capital in the Twenty-First Century. London: Harvard University Press.

[29] Sanyal, A. 1982. “On the Economic Role of the State under State Monopoly Capitalism.” Social Scientist 10 (12): 3–14.

[30] Streeck, W. 2011. “The Crisis of Democratic Capitalism.” New Left Review 71: 5–29.

[31] The Wire. 2019. “Is BJP Riding a Modi Wave or a Money Wave?” https://thewire.in/politics/bjp-modi-political-funding-money.

[32] Tiwana, B. S., and P. Singh. 2015. “Nation State, Marketisation of Social Services and Uncertainty of Livelihood in India.” World Review of Political Economy 6 (1): 33–57.