Finance Politics And Imperialism

Andrew Dilley offers a major new study of financial dependence, examining the connections this dependence forged between the City and political life in Edwardian Australia and Canada, mediated by ideas of political economy. In doing so he reconstructs the occasionally imperialistic politic of finance which pervaded the British World at this time.

The study of modern, i.e., financial capitalism, must constitute, and to some extent already constitutes, the main part of the course of political economy in our general education schools. Meanwhile, in our book market there are still no textbooks for this most important part of the course. The present work is an attempt, at least in part, to fill this gap. Our book is a teaching aid and only a teaching aid. The author, of course, does not claim originality or independence of the conclusions - the work is based on the Leninist concept.

This book was first published in 1985.

Unlike such obvious forms of oppression as feudalism or slavery, capitalism has been able to survive through its genius for disguising corporate profit imperatives as opportunities for individual human equality and advancement. But it was the genius of Karl Marx, in his masterwork, Capital, to discover the converse law of surplus value: behind the illusion of the democratic, supply-and-demand marketplace, lies the workplace, where people trying to earn a living are required to work way beyond the time it takes to pay their wages. Leave it to the genius of Samir Amin to advance Marx's theories—adding to them the work of radical economists such as Michal Kalecki, Josef Steindl, Paul Baran, and Paul Sweezy—to show how Marxian theory can be adapted to modern economic conditions. Amin extends Marx's analysis to describe a concept of “imperialist rent” derived from the radically unequal wages paid for the same labor done by people in both the Global North and the Global South, the rich nations and the poor ones. This is global oligopolistic capitalism, in which finance capital has come to dominate worldwide production and distribution. Amin also advances Baran and Sweezy’s notion of economic surplus to explain a globally monopolized system in which Marx's “law of value” takes the form of a “law of globalized value,” generating a super-exploitation of workers in the Global South. Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value offers readers, in one volume, the complete collection of Samir Amin’s work on Marxian value theory. The book includes texts from two of Amin's recent works, Three Essays on Marx’s Value Theory and The Law of Worldwide Value, which have provoked considerable controversy and correspondence. Here, Amin answers his critics with a series of letters, clarifying and developing his ideas. This work will occupy an important place among the theoretical resources for anyone involved in the study of contemporary Marxian economic and political theory.

In a lively critique of how international and comparative political economy misjudge the relationship between global markets and states, this book demonstrates the central place of the American state in today's world of globalized finance. The contributors set aside traditional emphases on military intervention, looking instead to economics.

The year 2002 sees the centenary of J. A. Hobson's Imperialism: A Study, the most influential critique of British imperial expansion ever written. P. J. Cain marks the occasion by evaluating, for the first time, Hobson's writings on imperialism from his days as a journalist in London to his death in 1940. The early chapters chart Hobson's progress from complacent imperialist in the 1880s to radical critic of empire by 1898. This is followed by an account of the origins of Imperialism and a close analysis of the text in the context of contemporary debates. Two chapters cover Hobson's later writings, showing their richness and variety, and analysing his decision to republish Imperialism in 1938. The author discusses the reception of Imperialism and its emergence as a 'classic' by the late 1930s and ends with a detailed discussion of the relevance of the arguments of Imperialism to present-day historians.

S. bank loans in exchange for financial supervision over other nations - became America's major approach to stabilizing economies overseas and expanding its influence."--BOOK JACKET. "An innovative, interdisciplinary study, Financial Missionaries to the World illuminates the dilemmas of public/private cooperation in foreign economic policy and the persistent paradoxes of exercising financial power in the global marketplace."--BOOK JACKET.