Return of Marxian Macro-Dynamics in East Asia

Front Cover
Return of Marxian Macro-dynamics in East Asia
Contents
List of Contributors
Editorial Advisory Board
Introduction: Return of Marxian Macro-Dynamics in East Asia
	Macro-Dynamics in East Asia
	State and Hegemony in East Asia in the Context of Transnational Capitalism
	Consideration of Aspects for a Marxian Alternative for East Asia
	Notes
Part I: Macro-Dynamics in East Asia
	Labor Value and Exploitation in the Global Economy
		Introduction
		Labor Value and Exploitation in a Single Economy
			Labor Value in a Single Economy
			Conditions for Profit’s Existence in a Single Economy
			Exploitation in a Single Economy
			Measuring Labor Value in Single Economy
		Global Economy
			Labor Value in a Global Economy
			Condition for Profit’s Existence in Global Economy
			Exploitation in the Global Economy
		Empirical Study
			Data
			Composition of Wage Basket in Terms of Global Labor Value
			Contribution Analysis
		Conclusion
		Notes
		References
	Financial Instability in Japan: Debt, Confidence, and Financial Structure
		Introduction
		The Theoretical Model
		Empirical Analysis
			Straightforward Observation of the Survey of Business Sentiments
			Quantification of the Instability of Confidence σ2
			Analysis Using a Recursive VAR Model
		Conclusion
		Notes
		Acknowledgments
		References
	A Historical Perspective and Evaluation of Abenomics
		Introduction
		What Is Abenomics?
		Historical Background Leading to Abenomics
		The Intent of Monetary Policy under Abenomics
		Effectiveness of Abe’s Monetary Policy
		Conclusion
		Notes
		References
	Biased Technical Change and Economic Growth: The Case of Korea, 1970–2013
		Introduction
		Analytical Framework: GDS
		Historical Directions in Technical Change
		Relationship Between Technical Change and Real Wage
		Capital Productivity Puzzle
		Concluding Remarks
		Notes
		Acknowledgments
		References
		Appendix
	Dynamics of the Rate of Surplus Value and the “New Normal” of the Chinese Economy
		Introduction
		Theoretical Issues: Marxian Variables in a Transitioning Economy
		Dynamics of the RSV and Relevant Marxian Variables in the Enterprise Sector
			Methodology and Data
			Long-term Trends of the RSV and Relevant Marxian Variables
			Decomposition of the Net Rate of Profit
		Undermined Conditions for the Growth of the RSV and the “New Normal”
		Conclusion
		Notes
		References
		Appendix
		Capital stock K
			(1) 1952–1977
			(2) 1978–1991
			(3) 1992–2013
			(4) 2014
		Agriculture
		Industry (Mining, Manufacturing, and Utilities), Construction, Transportation, Post and Telecommunications
		Food and Hotel Services
		Social Services
		Commerce
		Self-employment
		Finance and Real Estate
		Variable Capital
		Marxian Value Added
		Net Profit
Part II: State and Hegemony in East Asia in the Context of Transnational Capitalism
	The Transnational Capitalist Class and Relations of Production in Asia and Oceania
		The Global Capitalism School
		Transnational Capitalist Class
		Labor and the Global Economy
		Finance and Production Capital
		Transnational Dynamics and (Under)development
		Transnationally Oriented Elites and the State Apparatus
		Debating The Global Capitalism School Approach
		Conclusion
		Notes
		References
	A Critical Review of China’s Reform
		Introduction
		Theoretical Framework: Accumulation Imperative and Politics of Depoliticization
			The State and Imperatives of Accumulation
			Reform as Political Strategy of Depoliticization
		Historical Context of Post-Mao Reform
		First Phase of Reform and Its Limitations
			Outline of Reform in Each Economic Field
			Limitations of Reform Policies
		Second Phase of Reform
			Restructuring of Enterprises Ownership
			Restructuring of Labor Management
				Freeing Workers from the Iron Rice Bowl
				Allowing Rural Migrant Workers into Cities
				Legalizing Labor Relations
			Restructuring of the Banking System
				Making the Central Bank “Independent”
				Making Commercial Banks Truly “Commercial”
		In Lieu of Conclusion: Limits of Reform as a Governing Strategy of Depoliticization
		Notes
		References
	Why China Is Different: Hegemony, Revolutions and the Rise of Contender States
		Introduction: Paradoxes of Contemporary Marxist Accounts
		Hegemony and Relative Geopolitical Autonomy
			Elements of Gramsci’s Conception of Hegemony at the National Level
			Hegemony at the International Level and Relative Geopolitical Autonomy
			The Rise of Contender States
		US Hegemony and China’s Relative Geopolitical Autonomy
			China’s Relative Geopolitical Autonomy
		The US and Its Imperialist Rivals: Japan’s and Germany’s Subordination, China’s Relative Autonomy
			Offsetting Germany’s and Japan’s Challenges
			China’s Expansion and Its Initial Bid for Hegemony…
			… And the United States Difficulties in Countering It
		Conclusion
		Notes
		Acknowledgment
		References
Part III: Consideration of Aspects for a Marxian Alternative for East Asia
	The Chongqing Model – Socialist Alternative or Propaganda Cliché?
		Was There Ever a Chongqing Model?
		Early History of the Chongqing Experimental Zone
		Components of the Chongqing Model
			The Land Certificates Market
			Household Registration Reform
			The Public Housing Program
			The Public-Land Leasing System and Government-Owned Enterprises
			“Striking the Black” – A Campaign against Organized Crime
			The “Red” Ideological Campaign
		Mass Coverage of the Events in Chongqing
		Was the Chongqing Model “Left”?
		The Development of Chongqing after the Fall of Bo Xilai
		Significance of the Chongqing Model for the Whole Country
		Implications of the Chongqing Incident for the Left Wing
		Conclusion
		References
	Subversive Migration, Citizenship from below and Democracy against Bordered Capitalism
		Introduction
		Mobile Labor
		Valorization Borders, Citizenship and Bordered Capitalism
		Subversive Agency of Migrant Labor
		Social Movement Citizenship towards Democracy against Bordered Capitalism
		Conclusion
		Notes
		Acknowledgment
		References
Part IV: Communications on Chapters on Sraffa in RPE
	Addendum to Carter’s “Response to Professor Solow”
		Introduction
		On the Assumption of Constant Returns to Scale
		On the Problems Resulting from Applying a General Equilibrium Framework to Sraffa
		On Exploitation and Metaphysics
		Notes
		References
	Comments on Verger’s “Addendum”
		Introductory
		Three Points of Contention That Demonstrate Solow’s Misreading of Sraffa
		Concluding Remarks
		Notes
		References
	Reply to Yoann Verger
Index