Development, Capitalism, and Rent: The Political Economy of Hartmut Elsenhans

This book combines Hartmut Elsenhans ideas on the laws of motion of capitalism, his approach to world system analysis and rent theory, his thoughts on development theory, and international relations and the past, present, and future dynamics of the international system. It challenges mainstream assumptions on capitalism, growth, and development and offers a unique approach to understanding the dynamics of capitalism and the prospects for development.

Format: Hardback
Length: 267 pages
Publication date: 03 January 2021
Publisher: Springer Nature Switzerland AG

This book is a comprehensive exploration of Hartmut Elsenhans ideas on the laws of motion of capitalism, his approach to world system analysis and rent theory, his thoughts on development theory, and his insights into international relations and the past, present, and future dynamics of the international system. Elsenhans demonstrates that capitalist growth is contingent upon rising mass incomes and the strength of labor unions and their bargaining power. This alternative perspective challenges mainstream assumptions on capitalism, growth, and development, as articulated by leading leftist authors such as David Harvey, Immanuel Wallerstein, Andre Gunder Frank, and Samir Amin, as well as by neoclassical economists and western institutionalist political and social scientists. By offering a unique approach to understanding the dynamics of capitalism, as well as the prospects for development, this Festschrift brings together Elsenhans major contributions on these topics that were initially never or only published in German or French.

Elsenhans approach to world system analysis and rent theory is particularly insightful. He argues that the global economy is structured in a way that allows a small number of powerful countries to exploit the resources and labor of weaker nations. This creates a cycle of inequality and poverty that is perpetuated by the dominant countries. Elsenhans suggests that developing countries can break free from this cycle by investing in education, infrastructure, and technology, and by promoting trade and cooperation with other nations.

Elsenhans thoughts on development theory are also noteworthy. He argues that development is not merely a matter of economic growth, but also of social and political transformation. He emphasizes the importance of empowering marginalized communities, promoting gender equality, and addressing environmental issues. Elsenhans suggests that development should be guided by a human rights-based approach that prioritizes the well-being and dignity of all individuals.

In terms of international relations, Elsenhans offers a critical analysis of the past, present, and future dynamics of the international system. He argues that the current system is dominated by a handful of powerful countries, such as the United States, China, and Russia, which exercise undue influence over other nations. Elsenhans suggests that developing countries can challenge this dominance by building stronger alliances and promoting international cooperation.

Elsenhans book is a valuable contribution to the field of economics and social sciences. It challenges conventional assumptions and offers alternative perspectives on capitalism, growth, and development. By highlighting the importance of social and political transformation, as well as international cooperation, Elsenhans provides a roadmap for building a more equitable and sustainable global economy.

Weight: 466g
Dimension: 157 x 218 x 21 (mm)
ISBN-13: 9783030626044
Edition number: 1st ed. 2021