Activity

[...] we can say that most of the exchange value or market value derives from the value of the brand, and thus from a factor which is immaterial or intangible. It is also clear that, in terms of crystallised labour, of average social time for capitalism, the brand is the result of hours of labour u…

The rise of both negative and positive externalities together with their growing interference in transaction cost--and therefore in the institutions charged with minimising their cost--are substantial trends. Political economy can no longer report them merely in passing, without saying more, as if …

the identification of pecuniary externalities

[...] Taylorism in the organisation of work and Fordism in the wage levels of workers. Then the Keynesian compromise, in other words vigorous counter-cyclical operations conducted via government spending and the maintenance of wage increases within the margins of productivity increases. This challe…

From 1975 onwards the pace of economic growth in the developed countries slowed considerably. It fell by at least half and found itself back at the levels prevailing prior to the 'thirty glorious years'. In some years there was virtually zero growth, a situation that would have been unthinkable in …