Expectation, Financing, and Payment of Nonmarket Production
Toward a New Political Economy
Bibliographic Data
| ID | 12155505 |
|---|---|
| Authors | Jean-Marie Harribey (a Université Bordeaux IV, GRETHA-UMR-CNRS 5113, Avenue Léon Duguit, 33608 Pessac Cedex, France, corresponding author) |
| Year | 2009 |
| Volume | 38 |
| Issue | 1 |
| Pages | 58-80 |
| Publication date | 2009-04-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | International Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0891-1916 • E-ISSN: 1558-0970 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.2753/ijp0891-1916380103 |
| OpenAlex | W2883749779 |
| Language | EN |
| References cited | 3 |
We try to show that non-marketable services have a non-market monetary value, which is not extracted from the private sector and redirected to the public sector but produced by the latter. Work done in non-marketable services is not exchanged for capital, nor is it exchanged for levied income. Instead, it is exchanged for income that is produced following a collective decision on the expectation of collective needs. Monetary financing is necessary to start up both capitalist activity and public activity. We can therefore distinguish expectation of production, financing of production and payment of production. They are three moments of the dynamic process of production. Thus, it is possible to formulate a political economy of the decommodification of the society
Business · Capital (architecture · Economics · Factor market · Macroeconomics · Market economy · Microeconomics · Nonmarket forces · Payment · Production (economics · Public finance · Value (mathematics · Work (physics · Economic Theory and Policy · Political Economy and Marxism · Finance
| Highly cited | No |
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