Positive psychology is influencing educational policy and practice in Britain and North America. This article reveals how this psychological discourse and its offshoot school-based training programs, which stress happiness, self-improvement and well-being, align with an emergent socioeconomic formation: cognitive capitalism. Three key points are made. First, there is an elective affinity betwee...

From the middle of the 19 century until the last decade of the 20, the Marxist tradition provided the most systematic body of ideas and social theory for radical critics of capitalism as an economic system and social order. Even those critics of capitalism who did not directly identify with Marxism relied heavily on Marxist ideas about class, exploitation, commodification, the state, ideology. ...

a r t i c l e i n f o The objective of this paper is to analyze the efficiency consequences of monopoly from the perspective of an efficiency-wage model of unemployment based on Shapiro and Stiglitz (1984). An important feature of our model is that a firm can raise the probability that a shirking worker is detected by increasing its effort or investment in the monitoring of workers. Using this ...

Dealing with the periodisation and current development of capitalism, this paper starts with a theoretical and historical assessment of imperialism in its Leninist conception. It is argued that the current developments and the rising globalisation of capitalism lead to a dialectical supersession of imperialism. Based on contemporary economic conditions and the current discussion regarding inter...

This a conceptual paper concerning the relation between innovativeness and monopoly rent/abnormal earnings. It discusses how these concepts can be measured and proposes that abnormal earnings are the result differentiation, by innovativeness (monopoly rent) or branding, by underor overvalued assets, or by imperfect market information (value irrelevance). Specifically, innovativeness as a driver...

Abstract This chapter traces the relationship between the emergence of the current growth paradigm and the development of capitalism. It argues that economic growth is a fairly recent phenomenon which is inherently linked to the emergence of capitalism in the seventeenth and eighteenth centuries. It argues that economic growth in capitalism is inevitable, since this economic system is oriented ...

We study social welfare under monopoly using a version of the Kelton and Wallace (1995) two-good general-equilibrium monopoly production model. Individuals are heterogeneous with respect to preferences. They have identical production technologies and labor resources, but only a fraction of them share a monopoly license to produce one of the goods. Numerical evidence indicates that social welfar...

posed to accept Mr. Simons's interpretation of my wishes in regard to licensing reform. The licensed trade is already a monopoly?a private monopoly granted by the State. My contention is that the holders of that monopoly have failed to keep their part of the bargain, having to a very large extent confined the business to a trade in beer to the neglect of their obvious duty to the community, whi...