Mainstream economics attributes climate change to negativeexternalities of carbon emissions and the lack of climate propertyrights. Although market-based strategies such as emission tradingare widely implemented under...Mainstream economics attributes climate change to negativeexternalities of carbon emissions and the lack of climate propertyrights. Although market-based strategies such as emission tradingare widely implemented under the guideline of mainstream economics, there is no evidence that the accelerating trend of globalwarming has been contained. Marxian economists criticise thetheoretical point of departure of the mainstream perspectiveabout climate change and climate governance, and propose analternative analytical framework focussing on the relationshipbetween climate and capital accumulation. Following the Marxianperspective, we discuss the subject, nature, strategy, and possibility of a popular climate movement that could serve as an alternative to the existing mainstream climate governance.展开更多
The cyclical fall in the rate of profit reveals the basic mechanism of the cyclical fluctuation of the economy.A new synthesis of the Marxist crisis theory necessitates calculating the rate of profit as well as consid...The cyclical fall in the rate of profit reveals the basic mechanism of the cyclical fluctuation of the economy.A new synthesis of the Marxist crisis theory necessitates calculating the rate of profit as well as considering factors such as capital-labor relations,realization of value,the organic composition of capital,and money and credit.Empirical studies suggest that the U.S.profit rate in real economy showed no signs of effective recovery during 195-2008.The shrinking profit share caused by growing employment of non-production workers turns out to be the major factor contributing to the cyclical fall in the rate of profit,which in turn may be traced to the reorganization of the production process before the 1990s and the growing flexibility of employment relations after the 1990s.With long-term stagnation of the rate of profit,a new,financialised model of accumulation that heavily depends on increasing liquidity in the economy took shape in the United States,making the U.S.economy more fragile.The current crisis is but a natural result of the intrinsic contradiction between the Fed’s efforts to encourage financialised accumulation and to maintain the dollar as a legitimate quasi international reserve currency.展开更多
基金This research is sponsored by a Major Project of the National Social Science Foundation of China[Grant No.19ZDA057].
文摘Mainstream economics attributes climate change to negativeexternalities of carbon emissions and the lack of climate propertyrights. Although market-based strategies such as emission tradingare widely implemented under the guideline of mainstream economics, there is no evidence that the accelerating trend of globalwarming has been contained. Marxian economists criticise thetheoretical point of departure of the mainstream perspectiveabout climate change and climate governance, and propose analternative analytical framework focussing on the relationshipbetween climate and capital accumulation. Following the Marxianperspective, we discuss the subject, nature, strategy, and possibility of a popular climate movement that could serve as an alternative to the existing mainstream climate governance.
基金supported by the Fundamental Research Funds for the Central UniversitiesResearch Funds of Renmin University of China(11XNI012)
文摘The cyclical fall in the rate of profit reveals the basic mechanism of the cyclical fluctuation of the economy.A new synthesis of the Marxist crisis theory necessitates calculating the rate of profit as well as considering factors such as capital-labor relations,realization of value,the organic composition of capital,and money and credit.Empirical studies suggest that the U.S.profit rate in real economy showed no signs of effective recovery during 195-2008.The shrinking profit share caused by growing employment of non-production workers turns out to be the major factor contributing to the cyclical fall in the rate of profit,which in turn may be traced to the reorganization of the production process before the 1990s and the growing flexibility of employment relations after the 1990s.With long-term stagnation of the rate of profit,a new,financialised model of accumulation that heavily depends on increasing liquidity in the economy took shape in the United States,making the U.S.economy more fragile.The current crisis is but a natural result of the intrinsic contradiction between the Fed’s efforts to encourage financialised accumulation and to maintain the dollar as a legitimate quasi international reserve currency.
