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World Review of Political Economy

Publisher:
Pluto Journals
Publication date:
2023-03-01
ISBN:
2042-8928

Description:

the official journal of the World Association for Political Economy. This groundbreaking project has pioneered collaboration between Chinese academics and a Western progressive publisher to produce a Marxist political economy periodical to act as an essential forum for dialogue, cooperation, debate, and the production and sharing of cutting-edge research among leading scholars in China, the English-speaking world and beyond.

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  • Contents
  • WAPE Membership Information
  • Mao Zedong’s a Critique of Soviet Economics

    Since its inception, Marxism has showcased the scientific superiority of political economy over economics. This article argues that Mao Zedong played an important role in demonstrating this superiority. In his A Critique of Soviet Economics, Mao criticised Soviet political economy for its economic focus, which underestimated the importance of politics and ideology. It was essential, Mao argued, to explore how the political and ideological superstructure affects the economic base. Only then can political economy scientifically understand the processes of socio-economic development, most notably the socialist revolution and period of socialist construction. This article argues that Mao’s arguments retain key insights for the study and development of Marxist political economy today. They remain especially important in the People’s Republic of China. By upholding and enriching Mao’s insights into the critical role of politics and ideology under socialism, the Communist Party of China has ensured the successful development of socialism with Chinese characteristics.

  • The Role Of Distinction In Dialectical Analyses Of Socioecology

    The concept of metabolism, as applied to the interrelations between human society and the rest of nature, has been one of the most fruitful iterations of socioecological thought over the last few decades. Here we will examine specific orientations of metabolic thought commonly employed in the social sciences, and their depiction of metabolism as it relates to the “society–nature” problematic and elaborate on the role of the dialectical method when analyzing socioecological processes and distinctions between society and the rest of nature. We will review two overarching uses of metabolism: the theory of metabolic rift and a hybridist metabolic approach to socio-nature. While the former regards society as an emergent property of nature, the latter regards distinctions between the two as undialectical and dualist. First, we review each of these approaches and how they differ in their application of the dialectical method. Then we explore some of the analytic implications of these differing approaches. We contend that a dialectical method that allows for, and encourages, analytical distinction is essential, and that the metabolic rift theory provides an important potential for advancing socioecological analysis in an era of anthropogenic environmental change through its use of analytical distinction between social and environmental phenomena.

  • World Review of Political Economy
  • Review Of The Scourge Of Neoliberalism By Jack Rasmus

    In approximately the last four decades, neoliberalism has reigned as the structure of Western economies, chiefly the United States. However, neoliberal capitalism and an environment synonymous with deregulation, “free” markets, and limited government intervention in economic matters has repeatedly led to crises and crashes in history. The Scourge of Neoliberalism examines the actions of past presidential administrations since 1980, and explains how neoliberalism’s allure has kept it afloat for so many years.

  • The Place Of War In Marxist Analyses Of Primitive Accumulation

    It has long been understood by Marxists, including Marx himself, that primitive accumulation was not limited to the historical origins of capitalism. Instead, extra-economic processes of capital accumulation continue to be relevant throughout the subsequent development of capitalism. An examination of the classic analyses of primitive accumulation made by Karl Marx and Rosa Luxemburg suggests that the most significant contemporary interpretation of the concept—David Harvey’s accumulation by dispossession—fails to properly account for the role played by war and military power in capital accumulation today. This is the product of both a problematic interpretation of Marx’s and Luxemburg’s analyses of primitive accumulation as well as a problematic interpretation of the 2003 US invasion of Iraq. I argue that Marx and Luxemburg continue to offer a more fruitful foundation from which to address this question.

  • Guidelines For Contributors
  • Socialist Political Economy With Chinese Characteristics And Research On The Chinese And Foreign Economies

    In 2021, responding to changes in the world political and economic situation and basing itself on Marxist political economy, the New Marxian Economics Synthesis School led by Professor Enfu Cheng carried forward its traditions and forged ahead into the future. The school conducted active, in-depth research on how to uphold the integrity of socialist political economy with Chinese characteristics and enrich it with new elements, putting forward a series of theoretical innovations in areas that include the ten essentials of socialist political economy with Chinese characteristics, its sources of innovation and logical starting point, the orientation of its practice, and so forth. Based on these theoretical innovations, many of the scholars who make up the school engaged in lively discussion on a range of focal issues of today’s Chinese economy, including common prosperity, the new “dual circulation” development pattern, artificial intelligence and the digital economy, the modernization of national governance and so on. In addition, they made searching criticisms of the financialization of the contemporary capitalist economy and of the new developments seen in liberalism and hegemonism since the COVID-19 pandemic broke out. In sum, they recorded a long series of fruitful theoretical achievements.

  • On The Chinese Socialist Market Economy And The “New Projectment Economy”

    This article aims to show that the Chinese development process over the past four decades is not a self-explanatory fact. It is a process that may have revealed the ultimate limitation of the current capacities for interpretation represented by both orthodox and heterodox approaches. This limitation is due to two objective facts: 1) the transformation of the “socialist market economy” into a new socioeconomic formation (NSEF), a process that has accelerated since the financial crisis of 2008—the emergence of this NSEF results from a series of institutional innovations designed to accommodate a myriad of modes of production, all of them under the leadership of the public (socialist) sector; and 2) the continuous technical progress achieved by the state-owned enterprises (SOEs). Following the successful implementation of proactive industrial policies, the above-mentioned developments led to the appearance in China of new and superior forms of economic planning. This process can be understood as the re-emergence of Ignacio Rangel’s “project economy,” now under the title of the “new projectment economy.” In our view, perceiving and understanding this change in the mode of production in China, and the theoretical resources involved in it, represents the greatest challenge before today’s social science.

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