Capital Redefined presents a unique perspective on the nature of “capital,” departing from the prevailing reductionist accounts. Hosseini and Gills offer an expanded perspective on Marxian value theory by addressing its main limitations and building their own integrative value theory. They argue that the current understanding of “value” must be re-examined and liberated from its subservient ties to capital while acknowledging the ways in which capital appropriates value. This is achieved by differentiating between “fetish value” created by capital and “true value” generated through various commons-based forms of coexistence. The authors propose a defetishization of value by rejecting the commonly accepted idea of its objectivity. They introduce their “commonist value theory,” which redefines capital as both the product and process of perverting the fundamental commoning causes of true value into sources of fetish value. Capital is theorized through a “modular” framework, where multiple intersecting processes constitute a comprehensive power structure, a “value regime,” representing an unprecedented degree of the domination of capital over life. Their theory reconciles two apparently incompatible views on the notion of value. One view encompasses all inputs involved in capitalist value production and conflates intrinsic and commodity values. The other warns against this conflation as it treats capital as an entity tightly associated only with commodity production and wage labor. The authors believe that establishing alternative forms of value creation based on normative principles of living in commons is crucial as an analytical base for criticizing existing power structures and economic systems. The book offers a theoretical foundation for transforming our life worlds toward “post-capitalist” futures. It appeals to scholars and students in various fields, such as political economy, capitalism, and post-capitalist studies, economic and political sociology, globalization, development studies, social ecology, and ecological philosophy. The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.

This study traces the historic course of diplomatic competition between the rival Koreas within the context of a changing international system. Korea versus Koreaspans the years from 1948 through the North Korean nuclear crisis of 1994, examining the myriad diplomatic successes and failures of North and South Korea during this period. Written from a post-Cold War perspective, the volume takes a distinctly non-partisan position on the Korean problem. This innovative analysis focuses on the dynamic interaction of domestic and international political economies and their effects on the conduct of diplomacy. The result is a new interpretation of the importance of adaptability in determining success in international relations. Barry Gills concludes with a consideration of the possibilities of unification in the Korean Peninsula.

In the period from the 1920s to 1930s the theory of economic cycles underwent dramatic changes. Due to the research of such famous economists as Nikolay Kondratieff, Joseph Kitchin, Wesley Mitchell, Simon Kuznets, and Joseph Schumpeter the idea of a whole system of economic cycles (with characteristic periods between two and sixty years) was developed. The idea of a system of intertwined economic cycles is nowadays paramount to the school of evolutionary economics and its development promises rather interesting future outcomes. That is why this issue of our ‘Kondratieff Waves’ Yearbook is devoted to the interconnections between various economic cycles. As to the subtitle of this volume, one should note that many of the contributors refer to the system of cycles and the fact that real economic cycles make up a system, whereas among different types of cycles, the Juglar, Kuznets, and Kondratieff cycles are the most important ones for the present-day economic dynamics. Although Kondratieff himself considered long waves as above all an economic phenomenon, the theory of the long waves became, however, very actively developed in connection with their political and geopolitical aspects. In this Yearbook, the political aspect of Kondratieff waves is the subject of several articles in the second section. The last section of this Yearbook is devoted to the heritage of Kondratieff and other prominent economists. The year 2015 marks the 150th anniversary of the outstanding Russian economist, one of the most prominent researchers of medium-term economic cycles, Mikhail Tugan-Baranovsky, and the volume is concluded with Kondratieff's article about him. Concerning 2015, we should mention another anniversary, namely, 30 years since the death of Simon Kuznets (1901–1985). This edition will be useful for economists, social scientists, as well as for a wide range of those interested in the problems of the past, present, and future of global economy and globalization.

This book brings together a collection of essays by progressive global activists in response to Samir Amin's call for a new global organization of progressive workers and peoples. Amin's proposal is applauded, criticized and reformulated by these scholar-activists who are all proponents of ways forward toward a more egalitarian world society. Samir Amin, a leading scholar and co-founder of the world-system tradition, died on August 12, 2018. Just before his death, he published, along with close allies, a call for 'workers and the people' to establish a 'fifth international' to coordinate support for progressive movements. Amin, an Egyptian economist, was an intrepid intellectual and organizer of popular movements whose scholar activism provided inspiration to the global justice movement. The essays in this volume are by other prominent scholar activists who praise, critique and reconfigure Amin's proposal in order to help humanity confront the contemporary crisis of global capitalism and move toward a more egalitarian global society. The chapters in this book were originally published in the journal, Globalizations.