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This article critically examines the neoclassical approach to scarcity as well as critiques of neoclassical economics that focus either on the formation of people’s wants (the demand side of scarcity) or on the production and distribution of the goods needed to satisfy these wants (the...
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This article advances a reconceptualization of the Davis-Moore thesis, which adresses the weaknesses of Davis and Moore's original formulation and can function not as a causal explanation of inequality but as a normative yardstick, against which the efficiency of capitalist society's use of...
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Departing from the recent revolutionary upsurge in the Arab world, this article focuses on the links between youth protest and the current economic crisis. Although its levels in Arab countries have in recent months reached spectacular heights, such protest has also been significant in other...
Persistent link: https://www.econbiz.de/10009352717
The current economic crisis has revealed the tensions between capitalism and democracy and the extent to which the structural power relations of the former undermine the meaningfulness of democratic political institutions. This article explores these tensions by focusing on Greece and on the...
Persistent link: https://www.econbiz.de/10009352719
This article critically examines scarcity, a foundational concept of neoclassical economics. It argues that class inequalities and the pursuit of profit shape the configurations of scarcity faced by individuals and groups in today's society. These configurations are made up of socially...
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