Notes on Intersectional Political Economy: The Long Period Method, Technical Change, and Gender

Luiza Nassif Pires

Economics Working Paper Archive from Levy Economics Institute

Abstract: This paper presents a critique of Karl Marx's labor theory of value and his theory of falling profit rates from an intersectional political economy perspective. Specifically, I rely on social reproduction theory to propose that Marx-biased technical change disrupts the social order and leads to competition between workers. The bargaining power of workers cannot be dissociated from class struggle within the working class. I argue that technical change increases social conflict, which can counterbalance the long-run tendency of the profit rate to fall. The conclusion is that class struggle is multilayered and endogenous to the process of accumulation.

Keywords: Political Economy; Social Reproduction Theory; Gender and Racial Economics; Labor Unions; Technical Change (search for similar items in EconPapers)
JEL-codes: B51 B54 J51 O33 (search for similar items in EconPapers)
Date: 2020-06
New Economics Papers: this item is included in nep-hme, nep-lab and nep-pke
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