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Social Sciences · Social Sciences

Political Economy and Marxism
Research Guide

What is Political Economy and Marxism?

Political Economy and Marxism is a field that examines the critique of political economy, capitalist development, imperialism, labor theory of value, globalization, social reproduction, neoliberalism, class struggle, and ecological economics through a Marxist lens.

This field encompasses 146,479 works exploring how economic action is embedded in social structures, as shown in 'Economic Action and Social Structure: The Problem of Embeddedness' by Mark Granovetter (1985) with 27,697 citations. Key texts address welfare capitalism in 'The three worlds of welfare capitalism' (1990, 16,676 citations) and neoliberalism's rise in 'A Brief History of Neoliberalism' by David J. Harvey (2005, 14,628 citations). Growth data over the past five years is not available.

Topic Hierarchy

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graph TD D["Social Sciences"] F["Social Sciences"] S["Sociology and Political Science"] T["Political Economy and Marxism"] D --> F F --> S S --> T style T fill:#DC5238,stroke:#c4452e,stroke-width:2px
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146.5K
Papers
N/A
5yr Growth
1.6M
Total Citations

Research Sub-Topics

Why It Matters

Political Economy and Marxism informs analysis of welfare state variations across capitalist societies, as detailed in 'The three worlds of welfare capitalism' (1990), which classifies regimes into liberal, conservative, and social-democratic types affecting labor markets and inequality. David J. Harvey (2005) in 'A Brief History of Neoliberalism' traces market ethic dominance since 1970, influencing policy in over 100 countries through privatization and deregulation. Recent applications include Marxist decolonization research funded by a 2025 Social Sciences and Humanities Research Council Connection Grant for studies on critical political economy and revolutionary practice in Canada.

Reading Guide

Where to Start

'Economic Action and Social Structure: The Problem of Embeddedness' by Mark Granovetter (1985), as its 27,697 citations and focus on social relations in economic action provide a foundational bridge to Marxist critiques of capitalism.

Key Papers Explained

Granovetter (1985) 'Economic Action and Social Structure: The Problem of Embeddedness' establishes social embeddedness, which Giddens (1984) in 'The Constitution of Society. Outline of the Theory of Structuration' extends to structuration theory linking agency and structure in capitalist societies. Harvey (2005) 'A Brief History of Neoliberalism' applies this to neoliberal dominance, while Esping-Andersen (1990) 'The three worlds of welfare capitalism' examines state variations within capitalism.

Paper Timeline

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graph LR P0["The Social Construction of Reali...
1967 · 16.6K cites"] P1["The Constitution of Society. Out...
1984 · 21.3K cites"] P2["Economic Action and Social Struc...
1985 · 27.7K cites"] P3["The Economic Institutions of Cap...
1987 · 15.0K cites"] P4["A Thousand Plateaus: Capitalism ...
1989 · 22.8K cites"] P5["The three worlds of welfare capi...
1990 · 16.7K cites"] P6["Capitalism, Socialism and Democracy
1997 · 15.5K cites"] P0 --> P1 P1 --> P2 P2 --> P3 P3 --> P4 P4 --> P5 P5 --> P6 style P2 fill:#DC5238,stroke:#c4452e,stroke-width:2px
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Most-cited paper highlighted in red. Papers ordered chronologically.

Advanced Directions

Recent preprints explore 'Wallerstein after '68 : Marxism and the Making ...' on world-systems evolution, 'Marx's Theory of Value at the Frontiers' (2025) on value laws in capitalist reproduction, and 'A Theoretical Enquiry into Social and Spatial Inequalities' on uneven development. News covers Marxist decolonization grants and debates on Marxism-ecomodernism relations.

Papers at a Glance

# Paper Year Venue Citations Open Access
1 Economic Action and Social Structure: The Problem of Embeddedness 1985 American Journal of So... 27.7K
2 A Thousand Plateaus: Capitalism and Schizophrenia 1989 The Journal of Interdi... 22.8K
3 The Constitution of Society. Outline of the Theory of Structur... 1984 21.3K
4 The three worlds of welfare capitalism 1990 Choice Reviews Online 16.7K
5 The Social Construction of Reality: A Treatise in the Sociolog... 1967 American Sociological ... 16.6K
6 Capitalism, Socialism and Democracy 1997 Foreign Affairs 15.5K
7 The Economic Institutions of Capitalism 1987 Journal of Economic Is... 15.0K
8 A Brief History of Neoliberalism 2005 14.6K
9 The Norm of Reciprocity: A Preliminary Statement 1960 American Sociological ... 11.6K
10 Economic Development with Unlimited Supplies of Labour 1954 Manchester School 10.3K

In the News

Code & Tools

Recent Preprints

Latest Developments

Recent developments in Political Economy and Marxism research include analyses of global value chains and the role of capital, imperialism, and racism, with studies applying Marxian theory to contemporary economic issues, such as the work by Tomás N. Rotta on value production and capture (2025) and discussions on imperialism and energy policies in the March 2025 issue of Monthly Review (RePEc, Monthly Review). Additionally, the Marxist Literary Group’s Institute on Culture and Society 2024 explores the relations between capital, imperialism, and racism today (marxistliterary.org). The latest discourse also critiques neoliberalism and emphasizes the need for inclusive politics (taxresearch.org.uk).

Frequently Asked Questions

What is the role of embeddedness in economic action according to Marxist perspectives?

Mark Granovetter (1985) in 'Economic Action and Social Structure: The Problem of Embeddedness' argues that economic behavior in modern industrial society is shaped by social relations, challenging neoclassical views of isolated actors. This embeddedness highlights how networks influence capitalist transactions and class dynamics.

How does neoliberalism function as described in key Marxist critiques?

David J. Harvey (2005) in 'A Brief History of Neoliberalism' defines it as a doctrine where market exchange guides all human action, dominant since 1970 in thought and practice worldwide. It promotes privatization and deregulation, reshaping global economic structures.

What are the main types of welfare capitalism?

'The three worlds of welfare capitalism' (1990) identifies liberal, conservative, and social-democratic regimes, each with distinct decommodification levels and stratification effects. These models explain variations in social policy across Western societies.

How does Marxism address uneven development?

Recent preprints like 'A Theoretical Enquiry into Social and Spatial Inequalities' analyze how capitalist accumulation drives social and spatial disparities, linking class fractions to geographic unevenness. This builds on Marxist political economy traditions.

What is the current focus of Marxist political economy research?

'Marxist political economy Research Papers' (2025) describes it as a framework analyzing economic systems, social structures, and political power through class struggle and capitalist critique. It emphasizes reproduction processes in fragmented capitalist units.

Open Research Questions

  • ? How has Wallerstein’s engagement with Marxism post-1968 shaped world-systems analysis for contemporary imperialism?
  • ? What are the implications of Marx's theory of value for reproducing capitalist societies amid private ownership fragmentation?
  • ? In what ways do social and spatial inequalities interconnect under capitalist accumulation?
  • ? How does Marxist political economy inform domestic economic development strategies today?
  • ? What tensions arise between Marxism and ecomodernism in addressing ecological economics?

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