Towards a More Inclusive Economic Analysis: Reflections on Dymski's Dual Separation and My Research on Inequality and Uneven Development

Mc Kenzie, Rex A. Mc Kenzie ()
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Mc Kenzie, Rex A. Mc Kenzie: Kingston University London
Authors registered in the RePEc Author Service: Rex A. McKenzie

No 2024-1, Economics Discussion Papers from School of Economics, Kingston University London

Abstract: In this paper, I present a comparative analysis of my recent work and Gary A. Dymski's contributions to the study of inequality and uneven development. By examining the similarities between our approaches, I emphasise our shared commitment to challenging conventional economic wisdom and exploring the complex dynamics of economic systems through interdisciplinary and institutionalist lenses. My paper, "What is balance-sheet driven and real estate backed?" argues for the importance of studying housing within economics and calls for a more inclusive and diverse approach to economic research. Dymski's paper, "The Dual Separation Processes in Capitalist Accumulation: From Imperialism to Internal Colony to Financialization," explores the historical roots and contemporary manifestations of the separation between ownership and control, and between money-seeking capital and productive capital. Through this comparative analysis, I identify several notable similarities between our works, including an emphasis on the role of institutions in shaping economic outcomes, engagement with interdisciplinary perspectives, and a critique of neoclassical economics. We both draw upon the works of scholars from various fields and apply concepts such as David Harvey's "accumulation by dispossession" to analyse the dynamics of capitalism and inequality. I argue that our combined contributions open up a rich and potentially powerful research agenda, inviting scholars to examine more deeply the complex dynamics of inequality, uneven development, and the role of institutions in shaping economic systems. This agenda encompasses the need to further investigate the dual separation principles, explore the dynamics of housing and inequality, engage with the experiences and perspectives of the Global South, and develop alternative economic frameworks and methodologies. By building on these insights, we can push the boundaries of economic analysis and work towards a more equitable and sustainable future.

Keywords: Inequality; Uneven Development; Institutional Economics; Interdisciplinary; Capitalism (search for similar items in EconPapers)
JEL-codes: B50 O18 P16 (search for similar items in EconPapers)
Pages: 7 pages
Date: 2024-06-18
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-pke
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