Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets.
Economic anthropology is a field that attempts to explain human economic behavior in its widest historic, geographic and cultural scope. It is an amalgamation of economics and anthropology. It is practiced by anthropologists and has a complex relationship with the discipline of economics, of which it is highly critical. Its origins as a sub-field of anthropology began with work by the Polish founder of anthropology Bronislaw Malinowski and the French Marcel Mauss on the nature of reciprocity as an alternative to market exchange. For the most part, studies in economic anthropology focus on exchange.
Kevin Price Phillips was an American writer and commentator on politics, economics, and history. He emerged as a Republican Party strategist who helped devise its Southern Strategy in the 1960s. Phillips became disaffected with the party by the 1990s, subsequently leaving it to become an independent and staunch critic of the Republicans. He was a regular contributor to the Los Angeles Times, Harper's Magazine, and National Public Radio, and was a political analyst on PBS' NOW with Bill Moyers.
Leo Victor Panitch was a distinguished research professor of political science and a Canada Research Chair in comparative political economy at York University. From 1985 until the 2021 edition, he served as co-editor of the Socialist Register, which describes itself as "an annual survey of movements and ideas from the standpoint of the independent new left". Panitch himself saw the Register as playing a major role in developing Marxism's conceptual framework for advancing a democratic, co-operative and egalitarian socialist alternative to capitalist competition, exploitation, and insecurity.
David McNally is an activist and the NEH Cullen Distinguished Professor of History and Business at the University of Houston. He was previously (1983-2018) a professor of Political Science at York University in Toronto, Ontario, and was chair of the university's Department of Political Science for several years. He is the author of many books and scholarly articles and the winner of the 2012 Deutscher Memorial Award and the 2012 Paul Sweezy Award.
The Great Transformation is a book by Karl Polanyi, a Hungarian political economist. First published in 1944 by Farrar & Rinehart, it deals with the social and political upheavals that took place in England during the rise of the market economy. Polanyi contends that the modern market economy and the modern nation-state should be understood not as discrete elements but as a single human invention, which he calls the "Market Society".
Perry G. Mehrling is professor of economics at Pardee School of Global Studies at Boston University. He was professor of economics at Barnard College in New York City for 30 years. He specializes in the study of financial theory within the history of economics.
Raghuram Govind Rajan is an Indian economist and the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago's Booth School of Business. Between 2003 and 2006 he was Chief Economist and director of research at the International Monetary Fund. From September 2013 through September 2016 he was the 23rd Governor of the Reserve Bank of India. In 2015, during his tenure at the RBI, he became the Vice-Chairman of the Bank for International Settlements.
Susan Strange was a British scholar who was "almost single-handedly responsible for creating international political economy." Notable publications include Sterling and British Policy (1971), Casino Capitalism (1986), States and Markets (1988), The Retreat of the State (1996), and Mad Money (1998).
Hyman Philip Minsky was an American economist, a professor of economics at Washington University in St. Louis, and a distinguished scholar at the Levy Economics Institute of Bard College. His research attempted to provide an understanding and explanation of the characteristics of financial crises, which he attributed to swings in a potentially fragile financial system. Minsky is sometimes described as a post-Keynesian economist because, in the Keynesian tradition, he supported some government intervention in financial markets, opposed some of the financial deregulation of the 1980s, stressed the importance of the Federal Reserve as a lender of last resort and argued against the over-accumulation of private debt in the financial markets.
Paul Jorion is by training an anthropologist, sociologist with a special interest in the cognitive sciences. He has also written seven books on capitalist economics.
Sam Gindin is a Canadian intellectual and activist known for his expertise on the labour movement and the economics of the automobile industry.
Financialization is a term sometimes used to describe the development of financial capitalism during the period from 1980 to present, in which debt-to-equity ratios increased and financial services accounted for an increasing share of national income relative to other sectors.
Inclusive capitalism is a theoretical concept and policy movement that seeks to address the growing income and wealth inequality within Western capitalism following the financial crisis of 2007–2008.
Janet Roitman is an American anthropologist. She is the co-founder of the Platform Economies Research Network. Roitman is a professor at RMIT University, an Associate Investigator with the Centre of Excellence for Automated Decision-Making and Society (ADM+S), and co-Director of the Digital Ethnography Research Centre. She is also a member of the Council of Advisors for the Platform Cooperativism Consortium, New York.
Robert Eric Wright is a business, economic, financial, and monetary historian and the inaugural Rudy and Marilyn Nef Family Chair of Political Economy at Augustana University in Sioux Falls, South Dakota. He is also a research economist at the National Bureau of Economic Research.
Daniel Atzori was born in Milan on May 17, 1981. He is an author, research and commentator as well as political and social analyst.
Political economy in anthropology is the application of the theories and methods of historical materialism to the traditional concerns of anthropology, including but not limited to non-capitalist societies. Political economy introduced questions of history and colonialism to ahistorical anthropological theories of social structure and culture. Most anthropologists moved away from modes of production analysis typical of structural Marxism, and focused instead on the complex historical relations of class, culture and hegemony in regions undergoing complex colonial and capitalist transitions in the emerging world system.
Karen Ho is an American anthropologist. She contributed to anthropological research in Wall Street culture. Ho is a Marshall Scholar.
William M. Maurer is an American academic scholar of legal and economic anthropology. He currently serves as the dean of the School of Social Sciences at the University of California, Irvine. He has conducted research on money, finance, economy, and law, including the off-shore financial services industry in the Caribbean, alternative currencies, Islamic finance, mobile money, and traditional and emerging payment technologies, as well as cryptocurrencies like Bitcoin and related blockchain technologies. He has been called the “doyen” of the subfield of the anthropology of finance. Maurer is also the founding director of the Institute for Money Technology and Financial Inclusion, a research institute at UC Irvine funded by the Bill & Melinda Gates Foundation, and a fellow of the Filene Research Institute. He was previously the founding co-director of the Intel Science and Technology Center in Social Computing, also at UCI.
