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Valorisation of capital and the externalisation of social reproduction in an era of rising economic inequality

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  • S T Marchina

Abstract

As economic inequality has broadened in the past four decades, social reproduction, understood as people’s daily and generational maintenance (Bhattacharya 2017), has become increasingly challenging, particularly in the Global South. In this context, households rely heavily on gendered relationships and practices to sustain subsistence through multiple forms of informal, partial, and self-employment alongside a heavy load of domestic and care work (Beneria 2019). In that context, from a critical political economy and Social Reproduction Theory perspective, this paper sets a closer lens into Marx's formula of capital to explore how the heightened pressure on social reproduction serves as a strategy to increase externalities that enable economic inequality to continue growing.

Suggested Citation

  • S T Marchina, 2023. "Valorisation of capital and the externalisation of social reproduction in an era of rising economic inequality," Economic Issues Journal Articles, Economic Issues, vol. 28(1), pages 43-55, March.
    • Handle: RePEc:eis:articl:123marchina
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    File URL: http://www.economicissues.org.uk/Files/2023/EI_March2023_marchina.pdf
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    References listed on IDEAS

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    1. Erin Lockwood, 2021. "The international political economy of global inequality," Review of International Political Economy, Taylor & Francis Journals, vol. 28(2), pages 421-445, March.
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    More about this item

    Keywords

    Capitalism; Economic Inequality; Feminist Economics; Marxism; Social Reproduction Theory;
    All these keywords.

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B54 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Feminist Economics
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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