THE POLITICAL ECONOMY OF NO-GROWTH

Problems of scarcity generate critical political issues as advanced industrial societies shift away from growth-oriented economies. This analysis recommends substituting more abundant political resources for scarce economic ones. Appropriate scenario resulting from these substitution patterns are subjected to speculative analysis.     

URBAN POLITICAL ECONOMY: INTRODUCTION

I used to think that what was needed was to bring the mountain people into the “economic mainstream.” I thought it would be possible to do this and still preserve some of the positive, humanizing qualities of mountain cultures. I no longer think that is either possible or desirable. Our challenge is not to join mainstream America. It is to recreate (and) renew … what the mountains have always been … an alternative to mainstream America. This alternative is nearer to being absorbed today than it has ever been in the past. The task before us is to renew this alternative and endow it with the capabilities it will need to survive in late Twentieth Century America. (Mike Smathers, Mountain Life and Work , February, 1973, p. 19).     

LABOUR AND LANDSCAPES: THE POLITICAL ECONOMY OF LANDESQUE CAPITAL IN NINETEENTH CENTURY TANGANYIKA

In a long‐term and global perspective irrigated and terraced landscapes, landesque capital, have often been assumed to be closely associated with hierarchical political systems. However, research is accumulating that shows how kinship‐based societies (including small chiefdoms) have also been responsible for constructing landesque capital without population pressure. We examine the political economy of landesque capital through the intersections of decentralized politics and regional economies. A crucial question guiding our research is why some kinship‐based societies chose to invest their labour in landesque capital while others did not. Our analysis is based on a detailed examination of four relatively densely populated communities in late pre‐colonial and early colonial Tanzania. By analysing labour processes as contingent and separate from political types of generalized economic systems over time we can identify the causal factors that direct labour and thus landscape formation as a process. The general conclusion of our investigation is that landesque investments occurred in cases where agriculture was the main source of long‐term wealth flow irrespective of whether or not hierarchical political systems were present. However, while this factor may be a necessary condition it is not a sufficient cause. In the cases we examined, the configurations of world‐systems connections and local social and economic circumstances combined to either produce investments in landesque capital or to pursue short‐term strategies of extraction.     

THE POLITICAL ECONOMY OF WORKER PENSION FUNDS

Increasing concentration of economic power within the corporate sector, as well as the extent of corporate control by a few financial institutions such as commercial banks, have been subjects of intense scrutiny and debate in recent years. However, the role of private and public worker retirement trusts in providing power for institutional investors has not been adequately addressed. Pension fund assets, which were relatively inconsequential prior to 1960, and their investment in and share of total corporate equities minor, have grown to over $l410 billion by the end of 1977. In their analysis of and interest in public and private pension trusts, scholars, employers and even employees have tended to emphasize narrow economic issues such as investment performance. It is the central argument of this article that workers’ funds have become a major source of capital in the American economy, and as such have been used to help create and/or sustain practices that adversely impinge on workers themselves. It is argued that pension assets have contributed to: 1) the increasing power of financial institutions; 2) growth of corporate profits that only minimally benefit some pension plan participants; 3)capital shortages for 'socially useful’ investments; and 4)support of corporate enterprises that refuse basic worker demands including unionization itself. The study further suggests that the rapidly growing pension assets have the potential to serve‘the public interest’ as well as the needs of workers. Threat of withdrawal of funds from selected money managers and corporations, and utilization of share–holder voting rights to influence corporate policies can be potent weapons for organized labor. Since this is an exploratory analysis, the aim of the article is to gather, present and clarify basic information on worker pension trusts and to propose alternative avenues for future research in this critical area.     

THE ANTONINE ITINERARY: ASPECTS OF GOVERNMENT IN ROMAN BRITAIN

Summary. The British routes of the Antonine Itinerary are examined against the literary sources for the Severan expeditio Britannica and shown to be journeys that could have been undertaken by Severus and his sons in 208–211. The connection of mansiones with the collection of taxes in kind is examined, and it is tentatively postulated that such taxation was levied throughout the Roman period in Britain.