The Pervasive Nature of Heterodox Economic Spaces at a Time of Neoliberal Crisis: Towards a “Postneoliberal” Anarchist Future

Abstract: Re‐reading the economic landscape of the western world as a largely non‐capitalist landscape composed of economic plurality, this paper demonstrates how economic relations in contemporary western society are often embedded in non‐commodified practices such as mutual aid, reciprocity, co‐operation and inclusion. By highlighting how the long‐overlooked lived practices in the contemporary world of production, consumption and exchange are heavily grounded in the very types and essences of non‐capitalist economic relations that have long been proposed by anarchistic visions of employment and organization, this paper displays that such visions are far from utopian: they are embedded firmly in the present. Through focusing on the pervasive nature of heterodox economic spaces in the UK in particular, some ideas about how to develop an anarchist future of work and organization will be proposed. The outcome is to begin to engage in the demonstrative construction of a future based on mutualism and autonomous modes of organization and representation.     

罗马时代的信仰危机

异教时期的罗马国教具有公共性、反个人崇拜及相对宽容等特点。自从元首政治建立之后,随着东方思想的大量涌入,有关个人灵魂拯救的秘传崇拜开始打破公共崇拜对于信仰领域的垄断;皇帝崇拜日益冲击着城邦宗教中的共和与民主传统;与此同时,帝国政府对于异己思想表现得越来越不宽容。这种信仰危机随着3世纪社会总危机的爆发而日益加剧,其最直接的后果就是造成了普遍的道德危机。基督教的崛起有效地缓解了公共崇拜与私人信仰之间的张力,彻底瓦解了个人崇拜赖以存在的基础,并用一套全新的伦理原则重塑了社会的道德模式,因而最终结束了这场长达四百年之久的信仰危机。     

What do we need to bring about a financial crisis? A long-term look at the development of banking systems,money supply and crises 1850–2010

Financial crises are not a new phenomenon. We had them in the 18th century; there were several well-known ones in the 19th century, not to mention the crisis which started the Great Depression of the 1930s. The recurrence of financial crises in the last decades has revoked a wave of research on the topic among economic historians and economists. Still, it has been difficult for us to really understand how these crises emerge, why they have been so severe recently and why they have occurred so often in the last decades. This paper tries to explain the phenomenon by asking, how is, and how was the volume of money stock determined, and why does scarcity of money, and thus rising interest rate, not check excess borrowing and creation of speculative bubbles - and then emerging crises.     

Is Fish Health Food or Poison? Farmed Fish and the Material Production of Un/Healthy Nature*

Abstract: This paper contributes to scholarship on health and environment by focusing on connections between human health and political economy of seafood. The contemporary rise of aquaculture is an effort on the part of the seafood industry to escape the contradictions of capital that create crisis in capture fisheries. Yet intensive aquaculture may also create human health problems that contribute to new crises. Aquaculture practices not only increase production of healthful fish, but also lead to fish burdened with chemical pollutants about which there are a variety of health concerns. These health concerns pose problems for producers who may not be able to sell contaminated seafood. By examining the intertwined biochemical and social processes that produce multiple natures (fish bodies, human bodies and the aquatic environment), the paper shows that concerns about health are not only an outcome of political economic processes, but are also an explanatory factor in these processes.     

Revisiting the South Korean developmental state after the 1997 financial crisis

This study reassesses the conventional wisdom surrounding the developmental state of South Korea (hereafter Korea) since the 1997 Korean financial crisis. The conventional wisdom is that, as a result of the continued structural reforms prompted by the crisis, the Korean developmental state, inherently characterised by active or direct state intervention, strong economic and industrial policies, the chaebol-oriented economic policy, and labour exclusion, has finally begun to dissolve in earnest. In this study, we have considered whether that is really the case and also which theoretical implications can be drawn from this consideration. Analysis of the Korean developmental state following the 1997 crisis has indicated that, quite contrary to conventional wisdom, the developmental state has continued to prevail as a core policy framework of the Korean administrations even after the crisis. There is no doubt that the continued structural and market reform after the crisis certainly undermined the Korean developmental state to a certain degree, but that does not mean the beginning of the end of the Korean developmental state at all. For much evidence strongly indicates that the Korean developmental state still remains intact and strong despite the structural reforms, on account of the successive Korean governments’ assiduous and deliberate efforts to maintain and reinforce it. Even after the crisis, the Kim Dae-Jung and post-Kim regimes have hardly abandoned many of their market interventionist policies. Such market interventionist policies, which were routinely practised under the military regime in the 1960s and 1970s, diametrically contravene the argument that the Korean developmental state has begun to dissolve as a result of structural reform after the 1997 crisis. Contrary to conventional wisdom, the Korean developmental state persists as usual. All this information, then, suggests that path dependence is in action in the case of the Korean developmental state, and this suggests a further hypothesis that the Korean developmental state is very likely to persist in the future as well, despite increasing globalisation pressure, given the strong path dependence.     

后金融危机视角下对资本主义、马克思主义与社会主义的反思

席卷全球的金融危机既对资本主义社会造成很大破坏,影响十分恶劣,却也彰显出马克思主义的价值和魅力,更让社会主义透现出光明的发展前景。但这并不等于资本主义行将灭亡、社会主义取得胜利的时机已经来临。金融危机给人们提出了一系列需要更加深入反思和认识的有关资本主义与社会主义的理论与实践问题,需要确立理性看待资本主义的态度,坚定马克思主义、社会主义的信念与信心。     

The Global Economic Crisis and Foreign Investment in Russia from the EU: Empirical Evidence from Firm-Level Data

This paper empirically examines the impact of the recent global economic crisis on foreign investment from EU countries in Russia by estimating a location choice model for foreign firms' entry in Russian regions for the period 1997-2011. It also examines the relative importance of various determinants of location choice on the redistribution of foreign-owned firms among Russian regions before and after the crisis. Strong evidence during the post-crisis period (2008-2011) of a decrease in market-seeking foreign investment in manufacturing and resource-seeking foreign investment in trade is examined not only in light of the crisis but also (in the latter case) within the context of the new Russian law for foreign investment in strategic industries, which went into effect in 2008.     

Bank Liquidity Creation in Russia

Two EU-based senior economists analyze the contribution of bank liquidity creation to the Russian economy, as well as changes in creation of liquidity occurring during the global financial crisis. Applying the methodology of Berger and Bouwman's (2009) study of U.S. banking to a rich panel dataset for Russian banks for the period 1999-2009, the authors compute three alternative measures of bank liquidity creation. They find evidence of increased creation of liquidity in real terms over the period and also determine that state-controlled (versus private) banks and Russia's largest banks (versus intermediate-size and small banks) contributed most to liquidity creation (lower in Russia than in the U.S.). Their findings suggest that consolidation of the Russian banking sector may prove more instrumental in increasing liquidity creation than privatization per se.     

Climbing the Ladder? High-Technology Export Performance in Emerging Europe

A British economist examines the development of high-technology industrial exports across the emerging Europe region over the past two decades. After arguing that the development of high-technology capabilities is a key component of economic development, he presents an original index of high-technology industrial export performance that is used to describe patterns of high-technology exports across emerging Europe. When these developments are placed in comparative perspective, it becomes evident that although the countries of emerging Europe have made considerable progress in increasing across-product sophistication of exports and in increasing across-product diversification, most have been less successful in improving levels of within-product sophistication. For emerging Europe and other low- to middle-income countries elsewhere, this will remain a key challenge for the future.     

Forest transition theory and the reforesting of Scotland

During the 20th century, the forest area in Scotland expanded threefold, after many centuries of decline. Similar trends of forest expansion following deforestation have operated in many other developed countries. The passage from net deforestation to net reforestation is defined as the forest transition, and over the last few years a body of theory relating to its drivers has evolved. The case of Scotland is considered in order to contribute to this growing body of theory.