(Neo)Marxist political economy: failure to take fetishism seriously

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Chapter 3 in Rethinking Development Politics, 2024, pp 45-63 from Edward Elgar Publishing

Abstract: The chapter analyzes (neo)Marxist political economy by focusing on ‘Drain Theory’. It argues that while effectively revealing the inequalities and unequal exchange obscured by Modernization thinking, Drain Theory misses the significance of people’s libidinal attachments to globalized production, consumption, and exchange. As a result, it fails to account for why so many people remain wedded to global capitalism, despite efforts to expose its unequal outcomes.

Keywords: Development Studies; Economics and Finance; Environment; Politics and Public Policy Research Methods; Sociology and Social Policy; Sustainable Development Goals (search for similar items in EconPapers)
Date: 2024
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