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Six forms of hierarchy for a theoretical analysis of capitalism

hal.structure.identifierCentre d'Economie de l'Université Paris Nord (ancienne affiliation) [CEPN]
hal.structure.identifierLes Afriques dans le monde [LAM]
dc.contributor.authorSINDZINGRE, Alice Nicole
hal.structure.identifierEconomiX [EconomiX]
dc.contributor.authorTRICOU, Fabrice
dc.date.issued2022
dc.identifier.issn0160-3477
dc.description.abstractEnThe paper develops a conceptual analysis, which aims at refin-ing the general concept of capitalism through an inquiry aboutthe forms of hierarchy it involves. It is argued that the capitalistregime exhibits a series of specific attributes that have been sofar underinvestigated together and are here comprehensivelyelucidated via the deepening of the concept of hierarchy.Qualitatively, the capitalist social structure is ambivalent, as it isneither the strictarborescent hierarchyexhibited by the feudalsociety, nor theflat partitiondisplayed by the pure market econ-omy; and the complex structure of the capitalist firm is anencompassing hierarchy, capital and labor being associated in aproduction process ruled by capital. Quantitatively, the capitalistpyramidal hierarchiesof income and of wealth are essentiallymobile, through the dynamics of market sanction and assetevaluation; and the relationship between capital bets and profitgains draws atangled hierarchyas these returns are reinvested.All these capitalist hierarchies are typically economic,situationalhierarchiesarising when capitalists do not dominate the politicalorder of power or in the social order of prestige. Finally, echoingpost Keynesian perspectives, the conception of capitalism as ahierarchical phenomenon underlines its monetary structure andits self-transforming nature
dc.language.isoen
dc.publisherTaylor & Francis
dc.rights.urihttp://creativecommons.org/licenses/by/
dc.subject.encapitalism,economic systems, hierarchy, market, money
dc.title.enSix forms of hierarchy for a theoretical analysis of capitalism
dc.typeArticle de revue
dc.identifier.doi10.1080/01603477.2021.1913754
dc.subject.halSciences de l'Homme et Société/Economies et finances
bordeaux.journalJournal of Post Keynesian Economics
bordeaux.page210 - 245
bordeaux.volume45
bordeaux.issue2
bordeaux.peerReviewedoui
hal.identifierhalshs-03625021
hal.version1
hal.popularnon
hal.audienceInternationale
hal.origin.linkhttps://hal.archives-ouvertes.fr//halshs-03625021v1
bordeaux.COinSctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.jtitle=Journal%20of%20Post%20Keynesian%20Economics&rft.date=2022&rft.volume=45&rft.issue=2&rft.spage=210%20-%20245&rft.epage=210%20-%20245&rft.eissn=0160-3477&rft.issn=0160-3477&rft.au=SINDZINGRE,%20Alice%20Nicole&TRICOU,%20Fabrice&rft.genre=article


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