Globalization: a theoretical reflection
Purpose – The purpose of this paper is to evaluate and situate globalization within the context of different theoretical perspectives, with a view to developing a theoretical framework for understanding and interpreting this phenomenon.Design/methodology/approach – In the light of historical and empirical evidence, this paper uses the idea of parallax to explore, synthesize and interpret globalization. Evidence is marshalled in order to enable comparative assessments on the merits of the globalized system to take place.Findings – A materialist approach is identified as appropriate for aiding and deepening our understanding of the processes at work. It best captures the complexities and contradictions in the global economy.Originality/value – This paper develops a critique that locates globalization within the process of accumulation and teases out its attendant crises and efforts to restore profitability. The materialist approach developed here may be successfully applied in a holistic manner.
The Value Dimension : Marx versus Ricardo and Sraffa
1. Introduction Ben Fine 2. The law of value in Ricardo and Marx Geoffrey Pilling 3. Production, circulation and value Ira Gerstein 4. Transformations of physical conditions of production: Steedman's economic metaphysics Heiner Ganssmann 5. On Marx's theory of agricultural rent Ben Fine 6. Sraffa versus Ricardo: the historical irrelevance of the 'corn-profit' model Gilbert Faccarello 7. Note: A dissenting note on the transformation problem Ben Fine 8. The logic of prices as values Guglielmo Carchedi
Household Membership Decisions of Adult Children
While several social, economic and financial indicators point to a growing convergence among European countries, striking differences still emerge in the timing of leaving home for adult children. In Southern countries (as Spain, Italy or Portugal) in 2001 more than 70 percent of young adults between 18 and 34 years of age live with their parents, whereas the corresponding number for Northern countries (like Denmark or the UK) is well below 40 percent. Existing literature highlights several factors explaining the different patterns in Europe: preferences and culture, labor market conditions, housing market as well as differences across the welfare states. In our work, we consider living arrangements of people 18-34 years old from 14 European countries (ECHP). We augment the informational content with indicators of labor, housing and marriage markets characteristics as well as proxy for the welfare states and culture. We investigate how they are intertwined with gender differences