Karl Marx (born May 5, 1818; died March 14, 1883) left an indelible mark on the study of globalization. While he initially intended to examine the "world market" (Marx 1987 [1859]: 261), he was unable to complete his study. This has not prevented future researchers from incorporating his analysis to...

Für ein Verständnis der chinesischen Wirtschaft ist es hilfreich, das theoretische Instrumentarium der Kapitalismusforschung nutzbar zu machen. Es ermöglicht eine fundierte Charakterisierung des chinesischen Systems als einer eigentümlichen Spielart des Kapitalismus eines marktliberalen,...

Today we can learn from the Communist Manifesto that unregulated markets lead to disastrous economic, social, and political developments, which can endanger the reproduction of the capital system itself. The liberal argument, based on Adam Smith's invisible hand - that markets coordinate the...