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Recentring the margins: theorizing African capitalism after 50 years

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  • Breckenridge, Keith
  • James, Deborah

Abstract

This introduction to our special issue addresses scholars’ failure, in recent times, to consider and analyse the forms of capitalism that have developed on the African continent. To redress the balance, it takes up the study of economic arrangements on the continent—property, infrastructure, debt, financialisation, regulation—as well as exploring the history and politics of the scholarly field of African economics as an intellectual and institutional project. In the process it considers the advantages (and drawbacks) of seeing Africa as part of the ‘global south’. Central to the special issue is the question of how to marry an analysis of intimate and smaller-scale economies centred on household, family and (often informal) labour regimes, on the one hand, with a recognition of large-scale processes such as the central banking systems imposed by states, the increasing prevalence of high-tech finance, the emergence of continent-wide regulation, and the influence of multilateral development agencies and the international publication industry, on the other. How, we ask, can the importance of these institutions, so unlike in size and scale, be reckoned without assuming that the bigger and more powerful ones always prevail?

Suggested Citation

  • Breckenridge, Keith & James, Deborah, 2021. "Recentring the margins: theorizing African capitalism after 50 years," LSE Research Online Documents on Economics 107530, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:107530
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    File URL: http://eprints.lse.ac.uk/107530/
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    References listed on IDEAS

    as
    1. Bear, Laura, 2020. "Speculation: a political economy of technologies of imagination," LSE Research Online Documents on Economics 103433, London School of Economics and Political Science, LSE Library.
    2. Kate Meagher, 2016. "The Scramble for Africans: Demography, Globalisation and Africa’s Informal Labour Markets," Journal of Development Studies, Taylor & Francis Journals, vol. 52(4), pages 483-497, April.
    3. Kate Meagher, 2018. "Cannibalizing the Informal Economy: Frugal Innovation and Economic Inclusion in Africa," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 30(1), pages 17-33, January.
    4. Donovan, Kevin P., 2018. "The rise of the randomistas: on the experimental turn in international aid," SocArXiv xygzb, Center for Open Science.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    African capitalism; central banks; development; debt; economics; finance; Global South; heterodox; informalisation; publishing; regulation;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General
    • J1 - Labor and Demographic Economics - - Demographic Economics

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