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The Economics of Turning People into Things

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Abstract

Nitasha Kaul argues that economic violence refers not only to violence caused for economic reasons, but also to violence caused by spurious economics. It is economic violence when people lose their jobs and livelihoods, when they witness massively divergent rewards for work and when they see an endless perpetuation of inequality around them. Such involuntary unemployment in the long run leads to social breakdown and community fragmentation.

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Notes

  1. http://www.motherjones.com/politics/2009/02/pandemic-economic-violence, accessed 8 April 2009.

  2. http://www.newsweek.com/id/186569, accessed 8 April 2009.

  3. http://www.zmag.org/znet/viewArticle/19307, accessed 8 April 2009.

  4. http://www.ipsnews.net/news.asp?idnews=46389, accessed 8 April 2009.

  5. http://www.paecon.net

  6. http://www.ku.dk/english/research/publications/wp/dp_2009/0903.pdf, accessed 8 April 2009.

  7. http://www.wright.edu/~barbara.hopkins/Financial_crisis.htm, accessed 8 April 2009.

References

  • Ellerman, David P. (1991) ‘Myth and Metaphor in Orthodox Economics’, Journal of Post Keynesian Economics 13 (4): 545–64.

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  • Kaul, Nitasha (2008) Imagining Economics Otherwise: Encounters with identity/difference, London: Routledge.

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This article is adapted from OpenDemocracy website: www.opendemocracy.net

Argues that the crisis is caused by spurious economics

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Kaul, N. The Economics of Turning People into Things. Development 52, 298–301 (2009). https://doi.org/10.1057/dev.2009.43

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  • DOI: https://doi.org/10.1057/dev.2009.43

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