Reconstructing Development Economics: Overcoming Rent for Constructing Capitalism
Additional contact information
Hartmut Elsenhans: Professor Emeritus, Institut für Politikwissenschaft, Universität Leipzig, Leipzig, Germany.
The Pakistan Development Review, 2016, vol. 55, issue 1, 1-14
The purpose of the following article is to show that for its survival capitalism requires expanding mass incomes and that the dominant interpretation of growth relying on ever increasing shares of the rich in national income is misguided. Capitalism is an achievement involuntarily imposed by the poor onto the rich of society. The rich gain wealth by a large variety of means, very often not by the discipline capitalism requires and imposes through competition. The article concentrates on two aspects: the conditions of making expanding mass incomes the basis of capitalist transition in not yet capitalist underdeveloped economies, and the importance of such a transition for maintaining capitalism at the global level where a globalisation of rent against globalisation of profit is the intention of the forces of capital. Therefore many other very relevant aspects of the theoretical model can only be shortly outlined
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pid:journl:v:55:y:2016:i:1:p:1-14
Access Statistics for this article
More articles in The Pakistan Development Review from Pakistan Institute of Development Economics Contact information at EDIRC.
Series data maintained by Khurram Iqbal ().