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Module Reading List

Capitalism in Practice, 2021/22, Semester 2
Dr Owain Williams
Tutor information is taken from the Module Catalogue

NB the reading lists are long for interest, research and potential essays. Read as much as you can, but read the texts in bold (if you can).


Week 1: Analysing Capitalism (Owain)


Background to Analysis and the Sector Approach to Capitalism

Strange, S., 2015. States and markets. Bloomsbury Publishing.  

Crouch, C., 2011. The strange non-death of neo-liberalism. Polity. Chapters 1-4.     

Jones, G., 2005. Multinationals and global capitalism: From the nineteenth to the twenty first century. Oxford University Press on Demand. (see PDF on Minerva)

 Soederberg, S., 2009. Corporate power and ownership in contemporary capitalism: The politics of resistance and domination. Routledge.

 Cox, R.W. ed., 2012. Corporate power and globalization in US foreign policy (Vol. 15). London: Routledge. (Intro and Chapter 1)    

Cowling, K. and Tomlinson, P.R., 2005. Globalisation and corporate power. Contributions to Political Economy24(1), pp.33-54.    

Bakan, J., 2012. The corporation: The pathological pursuit of profit and power. Hachette UK.

Bakan, J., 2020. The New Corporation: How" good" Corporations are Bad for Democracy. Vintage.

Tombs, S. and Whyte, D., 2015. The corporate criminal: Why corporations must be abolished. Routledge. Arresting book. Free online @


Using Industrial Organization for GPE Analysis: The Structure Conduct Performance Model

Baron, D. P. (1997).‘Integrated strategy, trade policy, and global competition’. California Management Review, 39, 145–69.  

Chapters 7 (the process of creative destruction) and 8 (monopolistic practices) of Schumpeter's Capitalism, Socialism, and Democracy [Schumpeter, J.A., 1976. II. Capitalism, Socialism, and Democracy, 1942]    

Teachout, Z. and Khan, L.M., 2014. Market structure and political law: A taxonomy of power. Duke J. Const. L. & Pub. Pol'y, 9.

Ciepley, D., 2013. Beyond public and private: Toward a political theory of the corporation. American Political Science Review, 107(1), pp.139-158

Wood, B., Williams, O., Baker, P. et al. The influence of corporate market power on health: exploring the structure-conduct-performance model from a public health perspective. Global Health 17, 41 (2021).  

Wood, B., Williams, O., Nagarajan, V. et al. Market strategies used by processed food manufacturers to increase and consolidate their power: a systematic review and document analysis. Global Health 17, 17 (2021).


Capitalism and the Global South (optional reads for targeted country or regional analysis)

Omeje, K., 2021. Capitalism and the African Context. In The Failure and Feasibility of Capitalism in Africa (pp. 1-27). Palgrave Macmillan, Cham   

Robinson, W.I. and Robinson, W.I., 2008. Latin America and global capitalism: A critical globalization perspective. JHU Press.

Ebenau, M., 2012. Varieties of capitalism or dependency? A critique of the VoC approach for Latin America. Competition & Change, 16(3), pp.206-223.

 Hui, E.S.I., 2018. Hegemonic transformation: The state, laws, and labour relations in post-socialist China. Palgrave Macmillan US.

 Das, R.J., 2020. Neoliberal Capitalism with Indian Characteristics. In Critical Reflections on Economy and Politics in India (pp. 117-167). Brill.

Selwyn, B., 2019. Poverty chains and global capitalism. Competition & Change, 23(1), pp.71-97.

Suwandi, I., Jonna, R.J. and Foster, J.B., 2019. Global commodity chains and the new imperialism. Monthly Review, 70(10), pp.1-24.


Week 2: Understanding States-Firms, Capitalism and Global Governance (Owain/Geoff)


Strange, S. (1991). Big Business and the State1. Millennium, 20(2), 245-250.

Suarez-Villa, L. 2014. Corporate power, oligopolies, and the crisis of the state. Suny Press. (Intro, Chapter 1 &2)    

Cox, R.W., 2019. Corporate power, class conflict, and the crisis of the new globalization. Rowman & Littlefield. (Stimulating Book: read Chapters 2 & 3)    

May, C., 2020. A Research Agenda for Corporations. Edward Elgar Publishing. Chapter 1    

Mikler, J. ed., 2013. The handbook of global companies. John Wiley & Sons.

(Open Access)

 De Jonge, A. and Tomasic, R. eds., 2017. Research handbook on transnational corporations. Edward Elgar Publishing.

Mikler, J. and Ronit, K., 2020. Introduction: MNCs and their pathways of influence in global politics. In MNCs in Global Politics. Edward Elgar Publishing.  

Mattli, W. and Woods, N. eds., 2009. The politics of global regulation. Princeton University Press.  


State firm Relations and Global Governance

 Cerny, P. G. (1997).‘The dynamics of political globalization’. Government and Opposition, 32, 251–74.  

Sheppard, E. and Leitner, H., 2010. Quo vadis neoliberalism? The remaking of global capitalist governance after the Washington Consensus. Geoforum, 41(2), pp.185-194.

 Woods, N., 2014. The globalizers. Cornell University Press. Chapters 1&2    

 Gill, S. (1995).‘Globalisation, market civilisation, and disciplinary neoliberalism’. Millennium: Journal of International Studies, 24, 399–423.  

 Sklair, L. (2002) ‘The Transnational Capitalist Class and Global Politics: Deconstructing the Corporate-State Connection’, International Political Science Review, 23(2), pp. 159–174. doi: 10.1177/0192512102023002003.

 Nichols, S., 2018. Expanding property rights under investor-state dispute settlement (ISDS): class struggle in the era of transnational capital. Review of International Political Economy, 25(2), pp.243-269.

Cox, R.W., 2013. Transnational capital and the politics of global supply chains. Class, Race and Corporate Power, 1(1), pp.1-28.

 Gourevitch, P.A. and Shinn, J., 2010. Political power and corporate control. Princeton University Press.

 Fuchs, D.A., 2007. Business power in global governance. Boulder, CO: Lynne Rienner. Chapter 1-3.    

 Levy, D.L. and Prakash, A., 2003. Bargains old and new: Multinational corporations in global governance. Business and Politics, 5(2), pp.131-150. Available online


Regulatory Capture

 Etzioni, A., 2009. The capture theory of regulations—revisited. Society46(4), pp.319-323.

Posner, R.A., 1974. Theories of economic regulation (No. w0041). National Bureau of Economic Research.

 Stigler, G.J., 1971. The theory of economic regulation. The Bell journal of economics and management science, pp.3-21.

Bartley, T., 2018. Transnational corporations and global governance. Annual Review of Sociology, 44, pp.145-165.



TNCs and Corporate Power

Radice, H., 2014. Transnational corporations and global capitalism: reflections on the last 40 years. Critical perspectives on international business.

 Carroll, W.K., 2010. The making of a transnational capitalist class: Corporate power in the 21st century. Bloomsbury Publishing.

 Anderson, S., 2008. Top 200: The rise of corporate global power. Diane Publishing. Available online

Panić, M., 1998. Transnational corporations and the nation state. In Transnational corporations and the global economy (pp. 244-276). Palgrave Macmillan, London.

 Bonanno, A. and Constance, D.H., 2008. Stories of globalization: Transnational corporations, resistance, and the state. Penn State Press.



Week 3: Sector Approaches - Agriculture and Food (Owain)

 Sector Dynamics

Clapp, J. and Fuchs, D., 2009. Agrifood corporations, global governance, and sustainability: a framework for analysis. Corporate power in global agrifood governance, pp.1-26.     

Clapp, J., 2018. Mega-mergers on the menu: corporate concentration and the politics of sustainability in the global food system. Global Environmental Politics, 18(2), pp.12-33.  

ETC Group. 2018. Plate Tectonics.

ETC Group. 2017. Blocking the Chain.

Murphy, S., Burch, D. and Clapp, J., 2012. Cereal secrets: The world's largest grain traders and global agriculture.

Baker, P., Lacy-Nichols, J., Williams, O. and Labonté, R., 2021. The political economy of healthy and sustainable food systems: an introduction to a special issue. International Journal of Health Policy and Management, 10(Special Issue on Political Economy of Food Systems), pp.734-744.


Agriculture and Food Governance

Clapp, J. and Fuchs, D., 2009. Agrifood corporations, global governance, and sustainability: a framework for analysis. Corporate power in global agrifood governance, pp.1-26.     

 Jarosz, L., 2009. The political economy of global governance and the world food crisis: the case of the FAO. Review (Fernand Braudel Center), pp.37-60.

Fuchs D, Meyer-Eppler R, Hamenstädt U. Food for Thought: The Politics of Financialization in the Agrifood System. Competition & Change. 2013;17(3):219-233. doi:10.1179/1024529413Z.00000000034  

Lacy-Nichols, J. and Williams, O., 2021. “Part of the Solution:” Food Corporation Strategies for Regulatory Capture and Legitimacy. International Journal of Health Policy and Management, 10, pp.845-856.

Clapp, J., 2017. The trade-ification of the food sustainability agenda. The Journal of Peasant Studies, 44(2), pp.335-353.

Schram, A., Townsend, B. 2021. 'International Trade and Investment and Food Systems: What We Know, What We Don’t Know, and What We Don’t Know We Don’t Know', International Journal of Health Policy and Management, 10(Special Issue on Political Economy of Food Systems), pp. 886-895. doi: 10.34172/ijhpm.2020.202  

Daoud, A., Reinsberg, B., Kentikelenis, A.E., Stubbs, T.H. and King, L.P., 2019. The International Monetary Fund’s interventions in food and agriculture: an analysis of loans and conditions. Food policy, 83, pp.204-218.

Murphy, S., 2008. Globalization and corporate concentration in the food and agriculture sector. Development, 51(4), pp.527-533.


Resistance and Transformation

McMichael, P., 2006. Peasant prospects in the neoliberal age. New Political Economy, 11(3), pp.407-418.  

Rose, N. (2021). 'From the Cancer Stage of Capitalism to the Political Principle of the Common: The Social Immune Response of “Food as Commons”', International Journal of Health Policy and Management, 10(Special Issue on Political Economy of Food Systems), pp. 946-956.  

 Friel, S. (2021). 'Redressing the Corporate Cultivation of Consumption: Releasing the Weapons of the Structurally Weak', International Journal of Health Policy and Management, 10(Special Issue on Political Economy of Food Systems), pp. 784-792.

Holt-Giménez, E., 2009. From food crisis to food sovereignty: the challenge of social movements. Monthly Review61(3), p.142. Available online


Week 4: Sector Approaches - Health and Pharmaceuticals (Owain)

 Sector Dynamics

Danzon, P. 2014. Competition and Antitrust Issues in the Pharmaceutical Industry FINAL REPORT. The Wharton School, University of Pennsylvania. (good on how oligopoly is dependent on legal environment).  

 GAO. 2017. Drug Industry: Profits, Research and Development Spending, and Merger and Acquisition Deals  (Good easy overview of what the sector involves and example of how to look at a sector dynamics – just browse this)

Malerba, F. and Orsenigo, L., 2015. The evolution of the pharmaceutical industry. Business history, 57(5), pp.664-687.  

Löfgren, H. and Williams, O. eds., 2016. The new political economy of pharmaceuticals: production, innovation and TRIPS in the global south. Springer. Introduction and Conclusion.     

 Hunter, B.M. and Murray, S.F., 2019. Deconstructing the financialization of healthcare. Development and Change, 50(5), pp.1263-1287.  

 Optional on Pharma, Life Sciences and Health

Dutfield, G., 2021. That High Design of Purest Gold: A Critical History of the Pharmaceutical Industry, 1880-2020. Pharmaceutical Historian, 51(4), pp.124-125. Chapter 1 and 2    

Rajan, K.S., 2006. Biocapital. Duke University Press. GReat Book!!!!

Cooper, M.E., 2011. Life as surplus: Biotechnology and capitalism in the neoliberal era. University of Washington Press.

Weiss, L., 2014. America Inc.?. Cornell University Press.

Mazzucato, M., 2013. The entrepreneurial state: Debunking public vs. Private sector myths1.


Health and Pharma Governance

Sell, S.K., 2002. Industry strategies for intellectual property and trade: the quest for TRIPS, and post-TRIPS strategies. Cardozo J. Int'l & Comp. L., 10, p.79.   Available online 

TRIPS Policy Brief. UNAIDS.

Shadlen, K.C., 2004. Patents and pills, power and procedure: The North-South politics of public health in the WTO. Studies in Comparative International Development, 39(3), pp.76-108

t Hoen, E.F., 2009. The global politics of pharmaceutical monopoly power: drug patents, access, innovation and the application of the WTO Doha Declaration on TRIPS and public health. DiemenAMB.

Buse, K., 1994. The World Bank. Health Policy and Planning9(1), pp.95-99.

Kentikelenis, A. and Stubbs, T., 2021. Austerity Redux: The Postpandemic Wave of Budget Cuts and the Future of Global Public Health. Global Policy.  

Labonté R., Blouin C., Forman L. (2009) Trade and Health. In: Kay A., Williams O.D. (eds) Global Health Governance. International Political Economy Series. Palgrave Macmillan, London.     


Resistance and Transformation

Sell, S.K., 2001. TRIPS and the Access to Medicines Campaign. Wis. Int'l LJ, 20, p.481.  

Sell, S.K. and Prakash, A., 2004. Using ideas strategically: The contest between business and NGO networks in intellectual property rights. International Studies Quarterly, 48(1), pp.143-175.

Sengupta, A., Bodini, C. and Franco, S., 2018. Struggles for health: An emancipatory approach in the era of neoliberal globalization. Development, 61(1), pp.101-107.

Musolino, C., Baum, F., Freeman, T., Labonté, R., Bodini, C. and Sanders, D., 2020. Global health activists’ lessons on building social movements for Health for All. International Journal for Equity in Health, 19(1), pp.1-14.

Torreele, E., Mazzucato, M. and Li, H.L., 2021. Delivering the people’s vaccine: Challenges and proposals for the biopharmaceutical innovation system. UCL Institute for Innovation and Public Purpose, Policy Brief, 12.  Available online


 Week 5: Sector Approaches – Energy (Geoff/Christine)

 Smil, V. (2021). Grand Transitions: How the Modern World Was Made. Oxford University Press, chapter 4     

 Yergin. (1993). The prize : the epic quest for oil, money and power . Pocket Books

 Levy, D.L. and Egan, D., 2003. A neoGramscian approach to corporate political strategy: conflict and accommodation in the climate change negotiations. Journal of Management Studies, 40(4), pp.803-829.  


Sector dynamics

Green, J., Hadden, J., Hale, T., & Mahdavi, P. (2021). Transition, hedge, or resist? Understanding political and economic behavior toward decarbonization in the oil and gas industry. Review of International Political Economy, 1-28.  

Snell, D. and Schmitt, D (2012). ‘It’s Not Easy Being Green’: Electricity Corporations and the Transition to a Low-Carbon Economy. Competition & Change 16 (1): 1–19

Hanieh, A (2021). Petrochemical Empire: The Geo-Politics of Fossil Fuel Production. New Left Review 130: 25-51  

Behuria, P (2020). The Politics of Late Late Development in Renewable Energy Sectors:Dependency and Contradictory Tensions in India’s National Solar Mission. World Development 126

Vivoda, V. (2009). Resource Nationalism, Bargaining and International Oil Companies: Challenges and Change in the New Millennium. New Political Economy 14 (4): 517-534 

Energy governance

Lawrence, A (2021). Reconceptualizing Contemporary Energy Markets. Competition & Change 25 (5): 631-650  

Downie. (2017). Business actors, political resistance, and strategies for policymakers. Energy Policy108, 583–592.  

Zhang, S., & Andrews-Speed, P. (2020). State versus market in China's low-carbon energy transition: An institutional perspective. Energy Research & Social Science66, 101503.

 Dannreuther, R. (2015). Energy security and shifting modes of governance. International Politics52(4), 466-483.  


Resistance and transformation

 Obi, C.I. (2010). Oil Extraction, Dispossession, Resistance, and Conflict in Nigeria's Oil-Rich Niger Delta. Canadian Journal of Development Studies 30 (1-2): 219-236  

Cumbers, A and Paul, F (2021). Remunicipalisation, Mutating Neoliberalism, and the Conjuncture. Antipode, early view

Salazar, B et al (2021). Lithium Extractivism and Water Injustices in the Salar de Atacama, Chile: The Colonial Shadow of Green Electromobility. Political Geography 87, early view

Kaup, B (2010). A Neoliberal Nationalization: The Constraints on Natural Gas-Led Development in Bolivia. Latin American Perspectives 37:3:123-138

Sovacool, B.K. (2020). The Decarbonisation Divide: Contextualizing Landscapes of Low-Carbon Exploitation and Toxicity in Africa. Global Environmental Change 60, early view  

Smil, Vaclav. (2017). Energy transitions : global and national perspectives (Second edition.), ch. 2.

Aleh Cherp, Vadim Vinichenko, Jessica Jewell, Elina Brutschin, Benjamin Sovacool, 2018. Integrating techno-economic, socio-technical and political perspectives on national energy transitions: A meta-theoretical framework, Energy Research & Social Science, Volume 37, 2018, Pages 175-190, ISSN 2214-6296,

Newell, Peter (2019). Trasformismo or transformation? The global political economy of energy transitions. Review of International Political Economy : RIPE26(1), 25–48. Permanent link:


Week 6: Manufacturing

Overview and Questions:


Sector Dynamics and Background

Thun (2007) ‘The Globalization of Production’, in Ravenhill (ed.) Global Political Economy. Ravenhill (2014) ‘Global value chains and development’, RIPE, 21(1): 264-74

Gereffi and Lee (2012) ‘Why the World Suddenly Cares About Global Supply Chains’, J Supply Chain Manag, 48: 24-32

Gereffi (2014) ‘Global value chains in a post-Washington Consensus world’, RIPE, 21(1): 9-37

 Smith (2012) ‘The GDP Illusion: Value Added versus Value Capture’, Monthly review, 64 (3) [see also Smith (2016) Imperialism in the Twenty-First Century: Globalization, Super-Exploitation, and Capitalism’s Final Crisis, chapter ‘The global commodity’] Available online

Suwandi (2019) Value Chains: The New Economic Imperialism, chapter ‘The new economic imperialism: Looking through the eyes of the Global South’ [Suwandi et al. (2019) 'Global Commodity Chains and the New Imperialism',

Dedrick, Kraemer and Linden (2011) ‘The distribution of value in the mobile phone supply chain’, Telecommunications Policy, 35(6): 505-21 [see also: Dedrick et al. (2010) ‘Who profits from innovation in global value chains?: a study of the iPod and notebook PCs’, Industrial and Corporate Change, 19(1): 81-116; Kraemer et al. (2011) ‘Capturing Value in Global Networks: Apple’s iPad and iPhone’]

Dallas, Ponte & Sturgeon (2019) ‘Power in global value chains’, RIPE, 26(4): 666-94

Mondliwa, Roberts, and Ponte (2021) ‘Competition and power in global value chains’, Competition & Change 25(3-4): 328-49

Selwyn and Leyden (2021) ‘Oligopoly-driven development: The World Bank’s Trading for Development in the Age of Global Value Chains in perspective’, Competition & Change

Bair, Mahutga, Werner and Campling (2021) ‘Capitalist crisis in the “age of global value chains”’, Environment and Planning A: Economy and Space, 53(6): 1253-72 

Manufacturing Governance

Mayer, Phillips and Posthuma (2017) ‘Introduction: The Political Economy of a ‘Global Value Chain World’, NPE 22(2): 129-33

Mayer and Phillips (2017) ‘Outsourcing Governance: States and the Politics of a ‘Global Value Chain World’’, NPE 22(2): 134-52

Flentø and Ponte (2017) ‘Least-Developed Countries in a World of Global Value Chains: Are WTO Trade Negotiations Helping?’, World Development 94: 366-74

Bair (2017) ‘Contextualising compliance: hybrid governance in global value chains’, NPE, 22(2): 169-185



Gibbon, Bair, and Ponte (2008) ‘Governing Global Value Chains: An Introduction’, Economy and Society, 37(3): 315-38

Gibbon & Ponte (2008) ‘Global value chains: from governance to governmentality?’, Economy and Society, 37(3): 365-92

Amin (2012) ‘The Surplus in Monopoly Capital and the Imperialist Rent’, Monthly review, 64(3) Available online

Kiely (2008) ‘Global shift: industrialization and development’, in Desai and Potter (eds.) The Companion to Development Studies

Kiely and Marfleet (1998) Globalisation and the Third World, ‘Chapter 2: Transnational companies, global capital and the Third World’

Kiely (2008) ‘Poverty through ‘Insufficient Exploitation and/or Globalization’? Globalized Production and New Dualist Fallacies’, Globalizations 5(3): 419-32

Schuler, Lenway and Eden (2005) ‘Multinational corporations through the uneven development lens’, in Jain and Vachani (eds.), Multinational corporations and global poverty reduction

Jones (2005) Multinationals and global capitalism: from the nineteenth to the twenty-first century, Chapter 2


Week 7: Factory Labour 

Sectors and Labour

Selwyn (2019) ‘Poverty chains and global capitalism’, Competition & Change, 23 (1): 71-97 [see also Selwyn (2017) The struggle for development, chapter ‘Poverty Chains and the World Economy’]

Naz and Bögenhold (2020) ‘Understanding labour processes in global production networks: a case study of the football industry in Pakistan’, Globalizations 17(6): 917-34

Phillips (2011) ‘Informality, global production networks and the dynamics of 'adverse incorporation'’, Global networks, 11(3): 380-97

LeBaron (2021) ‘The Role of Supply Chains in the Global Business of Forced Labour’, J Supply Chain Manag, 57: 29-42

Bieler and Lee (2016) ‘Chinese Labour in the Global Economy: An Introduction’, Globalizations 14(2): 179-88 

Exploitation, suppliers’ squeezing

Pearson and Kusakab (2012) Thailand's hidden workforce: Burmese migrant women factory workers, ‘Chapter 4: Migrant women in Thailand’s factories: working conditions, struggles and experiences’

Anner (2020) ‘Squeezing workers’ rights in global supply chains: purchasing practices in the Bangladesh garment export sector in comparative perspective’, RIPE 27(2): 320-47

Anner (2019) ‘Predatory purchasing practices in global apparel supply chains and the employment relations squeeze in the Indian garment export industry’, International Labour Review 158 (4): 705-27

Phillips (2013) ‘Unfree Labour and Adverse Incorporation in the Global Economy: Comparative Perspectives on Brazil and India’, Economy and Society, 42(2): 171-96

Chan and Xiaoyang (2003) ‘Disciplinary Labor Regimes in Chinese Factories’, Critical Asian studies, 35(4): 559-84

 Governance & Resistance

Bieler (2012) “Workers of the world, unite?” Globalisation and the quest for transnational solidarity, Globalizations 9(3): 365-78

Mosley (2017) ‘Workers’ rights in global value chains: possibilities for protection and for peril’, NPE 22(2): 153-68

Phillips and Mieres (2015) ‘The Governance of Forced Labour in the Global Economy’, Globalizations, 12(2): 244-60

Elias (2005) ‘The Gendered Political Economy of Control and Resistance from the Shop Floor of the Multinational firm: A case study from Malaysia’, NPE 10(2): 203-22

Ahlquist and Mosley (2020) ‘Firm participation in voluntary regulatory initiatives: The Accord, Alliance, and US garment importers from Bangladesh’, The Review of International Organizations 16(2):

Oka, Egels‐Zandén, Alexander (2020) ‘Buyer Engagement and Labour Conditions in Global Supply Chains: The Bangladesh Accord and Beyond’, Development and Change 51(5): 1306-30

Islam, Deegan, and Haque (2020) ‘Corporate human rights performance and moral power: A study of retail MNCs’ supply chains in Bangladesh’, Critical Perspectives on Accounting 74 [Islam (2020) ‘Coronavirus measures give Bangladeshi workers for global clothing chains a stark choice: disease or starvation’,]


 Silver and Arrighi (2001) ‘Workers North and South’, in Leo Panitch and Colin Leys (eds.) Socialist Register Available online

 Gereffi (2005) The New Offshoring of Jobs and Global Development, ILO

Taylor (2009) ‘Who Works for Globalization? The Challenges and Possibilities for International Labour Studies’,TWQ, 30(3): 435-52

Munck (2010) ‘Globalisation, labour and development: a view from the South’, Transformation: Critical Perspectives on Southern Africa 72/73: 205-24

Carswell and De Neve (2013) ‘Labouring for global markets: Conceptualising labour agency in global production networks’, Geoforum, 44

McGrath and Siobhán (2013) ‘Fuelling global production networks with slave labour?: Migrant sugar cane workers in the Brazilian ethanol GPN’, Geoforum, 44 (January): 32-43

Selwyn (2014) ‘Capital-labour and state dynamics in export horticulture in North-east Brazil’, Development and Change 45 (5): 1019-36

Selwyn (2015) ‘Commodity chains, creative destruction and global inequality: a class analysis’, Journal of Economic Geography, 15 (2): 253-74

Phillips (2016) ‘Labour in Global Production: Reflections on Coxian Insights in a World of Global Value Chains’, Globalizations 13(5)

Deveaux and Panitch, eds. (2017) Exploitation: from practice to theory

Moeller (2018) The Gender Effect: Capitalism, Feminism, and the Corporate Politics of Development

Tornhill (2019) The Business of Women's Empowerment: Corporate Gender Politics in the Global South

Hasan (2019) Modern Slavery in Global Apparel Supply Chain: An Important Research Agenda. J Textile Sci & Fashion Tech 3(2) Available online

Elias (2020) Gender Politics and the Pursuit of Competitiveness in Malaysia: Women on Board

Week 8: Sector Approaches - Banking and Finance (Christine/Charlie)


Key sector dynamics:

Strange, S., 2015. Casino capitalism. Manchester University Press.  

Froud, J., Haslam, C., Johal, S. and Williams, K., 2000. Shareholder value and financialization: consultancy promises, management moves. Economy and society29(1), pp.80-110.

Engelen, E., Ertürk, I., Froud, J., Johal, S., Leaver, A., Moran, M., Nilsson, A. and Williams, K., 2011. After the great complacence: Financial crisis and the politics of reform. Oxford University Press.

MacKenzie, D., 2008. An engine, not a camera: How financial models shape markets. Mit Press.Berger, A.N. and Udell, G.F., 1995. Relationship lending and lines of credit in small firm finance. Journal of business, pp.351-381.

Nightingale, P. and Poll, R., 2000. Innovation in investment banking: the dynamics of control systems within the Chandlerian firm. Industrial and Corporate Change9(1), pp.113-141.


Institutions, regulations and governance: on state and finance

Gerschenkron, A., 1962. Economic backwardness in historical perspective (1962). The Political Economy Reader: Markets as Institutions, pp.211-228.(do we also want readings from Minsky,m Kalecki & Keynes ?)   Available as an Online Course Reading in Minerva 

Zysman, J., 2018. Governments, markets, and growth. Cornell University Press.Lazonick, W. and Mazzucato, M., 2013. The risk-reward nexus in the innovation-inequality relationship: who takes the risks? Who gets the rewards?.Industrial and Corporate Change,22(4), pp.1093-1128.

Mennillo, G. and Sinclair, T.J., 2019. A hard nut to crack: Regulatory failure shows how rating really works. Competition & Change,23(3), pp.266-286.

Tett, G., 2009. Fool's gold: How unrestrained greed corrupted a dream, shattered global markets and unleashed a catastrophe. Hachette UK.

Mehrling, P., Pozsar, Z., Sweeney, J. and Neilson, D.H., 2013. Bagehot was a shadow banker: shadow banking, central banking, and the future of global finance.Central Banking, and the Future of Global Finance (November 5, 2013). Available online 

Felipe Carvalho de Rezende (2011) The Structure and the Evolution of the U.S. Financial System, 1945-1986, International Journal of Political Economy, 40:2, 21-44, DOI: 10.2753/IJP0891-1916400202

Kaltenbrunner, A., 2018. Financialised internationalisation and structural hierarchies: a mixed-method study of exchange rate determination in emerging economies.Cambridge Journal of Economics,42(5), pp.1315-1341.

Whalen, Charles J. (2007) : The US credit crunch of 2007: A Minsky moment, Public Policy Brief, No. 92, ISBN 978-1-931493-71-0, Levy Economics Institute of Bard College, Annandale-on-Hudson, NY Available online


The everyday political economy of finance:

Graeber, D., 2011. Debt: The first five thousand years.New York: Melville House.

Soederberg, S., 2014.Debtfare states and the poverty industry: Money, discipline and the surplus population (p. 320).

Crouch, C., 2009. Privatised Keynesianism: An unacknowledged policy regime.The British journal of politics and international relations,11(3), pp.382-399.

Lazzarato, M., 2012. The making of the indebted man: An essay on the neoliberal condition.

Chistophers, B., 2019.The new enclosure: The appropriation of public land in neoliberal Britain. Verso Books.

Christophers, B., 2020.Rentier capitalism: Who owns the economy, and who pays for it?. Verso.    


Areas of transformation and resistance:

Montgomerie, J. and Tepe-Belfrage, D., 2019. Spaces of debt resistance and the contemporary politics of financialised capitalism. Geoforum, 98, pp.309-317.

Kelton, S., 2020.The deficit myth: Modern Monetary Theory and how to build a better economy. Hachette UK.    

Milan Babic (2021) State capital in a geoeconomic world: mapping state-led foreign investment in the global political economy, Review of International Political Economy, DOI: 10.1080/09692290.2021.1993301

Leonardo Pataccini (2021)Europeanisation as a driver of dependent financialisation in East-Central Europe: insights from the Baltic states, New Political Economy, DOI: 10.1080/13563467.2021.1994542

Ilias Alami, Adam D Dixon, Ruben Gonzalez-Vicente, Milan Babic, Seung-Ook Lee, Ingrid A. Medby & Nana de Graaff (2021) Geopolitics and the ‘New’ State Capitalism, Geopolitics, DOI: 10.1080/14650045.2021.1924943

Data sets






Week 9: Sector Approaches – Enterprise (Charlie)


Sectoral trends

Piore, M.J. and Sabel, C.F., 1986. The second industrial divide: possibilities for prosperity. Basic Books    

Sengenberger, W., Loveman, G. and Piore, M.J. eds., 1990. The re-emergence of small enterprises: industrial restructuring in industrialised countries. International Labour Organisation.

  1. Nightingale, P. and Coad, A., 2014. Muppets and gazelles: political and methodological biases in entrepreneurship research. Industrial and Corporate Change23(1), pp.113-143.
  2. Porter, M.E., 2011. Competitive advantage of nations: creating and sustaining superior performance. Simon and Schuster.
  3. Storey, D.J., 2016. Understanding the small business sector. Routledge.
  4. Wennekers, S., Van Wennekers, A., Thurik, R. and Reynolds, P., 2005. Nascent entrepreneurship and the level of economic development. Small business economics24(3), pp.293-309.



  1. Mark Casson and Catherine Casson The Entrepreneur in History: From Medieval Merchant to Modern Business Leader Basingstoke: Palgrave Macmillan, 2013, £45 hbk, (9781137305817), 148pp.
  2. David Landes, Joel Mokyr & William Baumol (Eds.) The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times Princeton, NJ: Princeton University Press, 2012, .
  3. Tomas Marttila The Culture of Enterprise in Neoliberalism: Specters of Entrepreneurship Abingdon: Routledge, 2013





  1. Perren, L. and Jennings, P.L., 2005. Government discourses on entrepreneurship: Issues of legitimization, subjugation, and power. Entrepreneurship Theory and Practice29(2), pp.173-184.
  2. Perren, L. and Dannreuther, C., 2013. Political signification of the entrepreneur: Temporal analysis of constructs, agency and reification. International Small Business Journal31(6), pp.603-628
  3. Dannreuther.C. 2007. A Zeal for a Zeal? SME Policy and the Political Economy of the EU. Comparative European Politics5(4), pp.377-399.
  4. Linda Weiss(1986) Demythologising the petite bourgeoisie: The Italian case, West European Politics, 9:3, 362-375, DOI: 10.1080/01402388608424587
  5. Colin M. Mason & Richard T. Harrison (2001) 'Investment Readiness': A Critique of Government Proposals to Increase the Demand for Venture Capital, Regional Studies, 35:7, 663-668, DOI: 10.1080/00343400120075939
  6. Bennett, R., 2008. SME policy support in Britain since the 1990s: what have we learnt?. Environment and Planning C: Government and Policy26(2), pp.375-397.
  7. Dannreuther, C., 1999. Discrete dialogues and the legitimation of EU SME policy. Journal of European Public Policy6(3), pp.436-455.














Week 10: Sector Approaches: The Digital Economy

Sectoral trends

  1. Robert Boyer Platform capitalism: a socio-economic Analysis Socio-Economic Review, 2021, Vol. 00, No. 0, 1–23
  2. Langley, P. and Leyshon, A., 2017. Platform capitalism: the intermediation and capitalization of digital economic circulation. Finance and society.3(1), pp.11-31. Available online
  3. Vallas, S. and Schor, J.B., 2020. What do platforms do? Understanding the gig economy. Annual Review of Sociology,46, pp.273-294.
  4. Wood, A.J., Graham, M., Lehdonvirta, V. and Hjorth, I., 2019. Good gig, bad gig: autonomy and algorithmic control in the global gig economy.Work, Employment and Society33(1), pp.56-75.
  5. Cédric Durand & William Milberg(2020) Intellectual monopoly in global value chains, Review of International Political Economy,27:2,404-429, DOI: 10.1080/09692290.2019.1660703
  6. Rikap, C., 2020. Amazon: A story of accumulation through intellectual rentiership and predation. Competition & Change, p.1024529420932418.
  7. Altenried, M., 2020. The platform as factory: Crowdwork and the hidden labour behind artificial intelligence. Capital & Class44(2), pp.145-158.
  8. Liang, Y., Aroles, J. and Brandl, B., 2022. Charting platform capitalism: Definitions, concepts and ideologies. New Technology, Work and Employment.


  1. Bratton, B.H., 2016. The stack: On software and sovereignty. MIT press.
  2. Bratton, B., 2021. The Revenge of the Real: Politics for a Post-Pandemic World. Verso Books.
  3. Richard Heeks, Mark Graham, Paul Mungai, Jean-Paul Van Belle & Jamie Woodcock (2021) Systematic evaluation of gig work against decent work standards: The development and application of the Fairwork framework,The Information Society, 37:5, 267-286, DOI:10.1080/01972243.2021.1942356
  4. Rani, U. and Furrer, M., 2021. Digital labour platforms and new forms of flexible work in developing countries: Algorithmic management of work and workers. Competition & Change25(2), pp.212-236.
  5. Young, J.C., 2019. The new knowledge politics of digital colonialism. Environment and Planning A: Economy and Space51(7), pp.1424-1441.



Your personal experiences please! Data from your phones on your app uses, time online, purchasing patterns and personal views on privacy, self-promotion and the regulation of online predatory behaviour.


  1. Schor, J.B. and Vallas, S.P., 2021. The Sharing Economy: Rhetoric and Reality. Annual Review of Sociology47.
  2. Wood, A.J., Graham, M., Lehdonvirta, V. and Hjorth, I., 2019. Good gig, bad gig: autonomy and algorithmic control in the global gig economy. Work, Employment and Society33(1), pp.56-75.
  3. Gerber, C., 2021. Community building on crowdwork platforms: Autonomy and control of online workers?. Competition & Change25(2), pp.190-211.
  4. Rikap, C., 2020. Amazon: A story of accumulation through intellectual rentiership and predation. Competition & Change, p.1024529420932418.
  5. Rikap, C. and Harari-Kermadec, H., 2020. The direct subordination of universities to the accumulation of capital. Capital & Class44(3), pp.371-400.
  6. Evangelos Papadimitropoulos (2021) Platform Capitalism, Platform Cooperativism, and the Commons, Rethinking Marxism, 33:2, 246-262, DOI: 10.1080/08935696.2021.1893108
  7. Dyer-Witheford, N., 2020. Left populism and platform capitalism. TripleC: Communication, Capitalism & Critique. Open Access Journal for a Global Sustainable Information Society18(1), pp.116-131.
  1. Evgeny Morozov 2016 Data populists must seize our information – for the benefit of us all The Guardian Sun 4 Dec 2016
  2. Mills, S., 2021. # DeleteFacebook: From Popular Protest to a New Model of Platform Capitalism?. New Political Economy26(5), pp.851-868.
  3. Kuriakose, F. and Iyer, D.K., 2021. Digital Workers, Urban Vectors, and New Economies: Examining Labor Response, Resistance, and Reorganization under Platform Capitalism. South Atlantic Quarterly120(4), pp.749-762.





Week 11: Water and infrastructure


Sector dynamics

Franco, J, Mehta, L and Veldwisch, J (2013). The Global Politics of Water Grabbing. Third World Quarterly. 34 (9): 1651-1675  

Powell, J and Yurchenko, Y. (2020). The Evolution of Private Provision in Urban Drinking Water: New Geographies, Institutional Ambiguity and the Need for Political Economy. New Political Economy. 25 (1): 91-106

Sosa, M. and Zwarteveen, M. (2012). Exploring the Politics of Water Grabbing: The case of Large Mining Operations in the Peruvian Andes. Water Alternatives 5(2): 360-375   Available online 

 Bayliss, K (2014). The Financialisation of Water. Review of Radical Political Economics 46 (3): 292-307

 Bayliss, K (2017). Material Cultures of Water Financialisation in England and Wales. New Political Economy. 22:4, 383-397  

 Swyngedouw, E. (2007) ‘Water, Money and Power’, Socialist Register 43: 195–212 Available online

 Dagdeverin, H and Robertson, SA (2014). A Political Economy of Privatization Contracts: The Case of Water and Sanitation in Ghana and Argentina. Competition & Change 18 (2): 150-163

 Damonte, G. (2019). The Constitution of Hydrosocial Power: Agribusiness and Water Scarcity in Ica, Peru. Ecology & Society 24 (2)

Water governance

Woodhouse, P and Muller, M (2017). Water Governance: An Historical Perspective on Current Debates. World Development 92: 225–4   

Budds, J. (2020). Securing the Market: Water Security and the Internal Contradictions of Chile’s Water Code. Geoforum 113: 165-175

Molle, F. et al (2009). Hydraulic Bureaucracies and the Hydraulic Mission: Flows of Water, Flows of Power. Water Alternatives 2(3): 328‐349 Available online

Hoogesteger, J., Tiaguaro-Rea, Y., Rap, E. and Hidalgo, J. P. (2017). Scalar Politics in Sectoral Reforms: Negotiating the Implementation of Water Policies in Ecuador (1990-2008). World Development. 98: 300-309.  

 Perreault, T. (2014) ‘What Kind of Governance for What Kind of Equity? Towards a Theorization of Justice in Water Governance’. Water International 39 (2): 233-245

 Nash, F (2012). Participation and Passive Revolution: The Reproduction of Neoliberal Water Governance Mechanisms in Durban, South Africa. Antipode 45 (1): 101-120


Transformation and resistance

 McDonald, D.A and Swyngedouw, E (2019). The New Water Wars: Struggles for Remunicipalisation. Water Alternatives 12 (2): 322-333   Available online 

 Manosalvas, R (2021). Contractual Reciprocity and the Re-Making of Community Hydrosocial Territories: The Case of La Chimba in the Ecuadorian Páramos. Water 13, early view

 Moore, M (2021): Liquid Gold or the Source of Life? Understanding Water Commodification as a Contradictory and Contested Political Project. Globalizations, earl view

 Van de Berge, J. et al (2021). Water Justice and Europe’s Right2Water Movement. The International Journal of Water Resources Development, early view  

Simmons, E.S (2016). Market Reforms and Water Wars. World Politics 68 (1): 37-73  

 Spronk, S. and Chavez, D (eds). Public Water and Covid-19: Dark Clouds and Silver Linings. Municipal Service Project (Kingston), Transnational Institute (Amsterdam) and Latin American Council of Social Sciences (CLACSO) (Buenos Aires). Available online

 Armijos, MT (2013). They Cannot Come and Impose on Us: Indigenous Autonomy and Resource Control Through Collective Water Management in Highland Ecuador. Radical History Review 116: 86-103

















This list was last updated on 14/04/2022