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In order to place labor at the center of our analysis of the world economy, we must first determine just how workers in commodity chains derive their power and assess its potential as leverage for workplace gains. Labor scholars extensively discuss workers' bargaining power, not only in broad terms…

From a wider global angle, the GCC view seeks to understand "the unequal distribution of rewards among the various activities that constitute the single overarching division of labor defining and bounding the world economy." This is a critical approach, grounded in political economy (and neo-Marxis…

But the really basic problem with GDP is that by not making value judgements, we confuse rents with profits. If we don’t know the difference between value creation and value extraction activities—the kind that are charging prices or earning fees, and hence are included in GDP—we risk passing off an…

But the really basic problem with GDP is that by not making value judgements, we confuse rents with profits. If we don’t know the difference between value creation and value extraction activities—the kind that are charging prices or earning fees, and hence are included in GDP—we risk passing off an…

[...] Innovation, she argues, is a collective process. And as CEOs skim billions off of share buybacks, the people and institutions who help feed their profit margins—from blue-collar workers to public-sector researchers—may not be getting the credit and cash they deserve. Making a fairer and more …