IDEAS home Printed from https://ideas.repec.org/p/hel/greese/140.html
   My bibliography  Save this paper

What is the Investment Loss due to Uncertainty?

Author

Listed:
  • Özgün Sarimehmet Duman

Abstract

This paper focuses on the primary struggle over absolute surplus value strategies in a capitalist society. It discusses the relationship between labour and capital, with a specific emphasis on the role of class struggle in the case of Greece. It analyses the policies of deunionisation, suppression of collective bargaining, deregulation, flexibilisation and social security reforms during the rise of neoliberalism from the late 1980s. It states that the high levels of class struggle were unyielding to the execution of absolute surplus value strategies in full. The paper argues that the post-2008economic crisis further increased the emphasis on these strategies with the intention to implement the long-been-postponed labour market reforms under the unique economic and political circumstances. Presenting a comparative inquiry into the pre- and post-crisis dynamics of struggle over absolute surplus value strategies, the paper indicates that the high levels of class struggle generated a barrier to the introduction o recovery policies as an initial response to the crisis.

Suggested Citation

  • Özgün Sarimehmet Duman, 2019. "What is the Investment Loss due to Uncertainty?," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 140, Hellenic Observatory, LSE.
  • Handle: RePEc:hel:greese:140
    as

    Download full text from publisher

    File URL: http://www.lse.ac.uk/Hellenic-Observatory/Assets/Documents/Publications/GreeSE-Papers/GreeSE-No140.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Manos Matsaganis, 2007. "Union Structures and Pension Outcomes in Greece," British Journal of Industrial Relations, London School of Economics, vol. 45(3), pages 537-555, September.
    2. Nicos Christodoulakis, 2010. "Crisis, Threats and Ways Out for the Greek Economy," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 4(1), pages 89-96, June.
    3. John Holloway, 1996. "Global Capital and the National State," Palgrave Macmillan Books, in: Werner Bonefeld & John Holloway (ed.), Global Capital, National State and the Politics of Money, chapter 6, pages 116-140, Palgrave Macmillan.
    4. Rüdig, Wolfgang & Karyotis, Georgios, 2014. "Who Protests in Greece? Mass Opposition to Austerity," British Journal of Political Science, Cambridge University Press, vol. 44(3), pages 487-513, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Duman, Özgün Sarımehmet, 2019. "Class struggle over absolute surplus value strategies in Greece: initial response to the post-2008 economic crisis," LSE Research Online Documents on Economics 102651, London School of Economics and Political Science, LSE Library.
    2. Rodrigo M. Medel & Rodrigo A. Asún & Claudia Zúñiga, 2022. "Why do people engage in violent tactics during a protest campaign? Understanding radical activist through regionalist mobilizations in Chile," Social Science Quarterly, Southwestern Social Science Association, vol. 103(5), pages 1061-1083, September.
    3. Emmanuel Saez & Manos Matsaganis & Panos Tsakloglou, 2012. "Earnings Determination and Taxes: Evidence From a Cohort-Based Payroll Tax Reform in Greece," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 127(1), pages 493-533.
    4. Kasimati, Evangelia & Veraros, Nikolaos, 2013. "Should Greece adopt a dual-currency regime to resolve its economic crisis?," Journal of Policy Modeling, Elsevier, vol. 35(4), pages 588-600.
    5. Sarımehmet Duman, Özgün, 2022. "A thorough look into the state-market divide: depoliticisation of privatisation in post-crisis Greece," LSE Research Online Documents on Economics 114448, London School of Economics and Political Science, LSE Library.
    6. Anagnostopoulos, Achilleas & Siebert, W. Stanley, 2012. "The Impact of Greek Labour Market Regulation on Temporary and Family Employment: Evidence from a New Survey," IZA Discussion Papers 6504, Institute of Labor Economics (IZA).
    7. Rodon Casarramona, Toni & Guinjoan, Marc, 2018. "Mind the protest gap : the role of resources in the face of economic hardship," LSE Research Online Documents on Economics 87159, London School of Economics and Political Science, LSE Library.
    8. Desai, Raj M. & Olofsgård, Anders & Yousef, Tarik, 2018. "Signaling Dissent: Political Behavior in the Arab World," SITE Working Paper Series 45, Stockholm School of Economics, Stockholm Institute of Transition Economics.
    9. Matsaganis Manos & Leventi Chrysa, 2011. "Pathways to a Universal Basic Pension in Greece," Basic Income Studies, De Gruyter, vol. 6(1), pages 1-20, October.
    10. Daly, Hounaida & Smida, Mounir, 2013. "Interaction entre politique monétaire et politique budgétaire:Cas de la Grèce [Fiscal and Monetary Policy Interactions : The Greece Case]," MPRA Paper 45931, University Library of Munich, Germany.
    11. Grande, Edgar & Gonzatti, Daniel Saldivia, 2024. "A revolt of the distrustful? Political trust, political protest and the democratic deficit," Discussion Papers, Research Unit: Center for Civil Society Research ZZ 2024-603, WZB Berlin Social Science Center.
    12. Athanasia Chalari & Panagiota Serifi, 2018. "The ‘Crisis Generation’: the effect of the Greek Crisis on Youth Identity formation," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 123, Hellenic Observatory, LSE.
    13. Alessandro Del Ponte, 2021. "The influence of foreign elite rhetoric: National identity, emotions, and attitudes toward austerity," European Union Politics, , vol. 22(1), pages 155-178, March.
    14. Daly, Hounaida & Smida, Mounir, 2013. "La coordination des politiques monétaire et budgétaire: Aperçu théorique [Coordination of monetary and fiscal policies: Theoretical Overview]," MPRA Paper 48066, University Library of Munich, Germany.
    15. Daly, Hounaida & Smida, Mounir, 2014. "Fiscal Theory of Price Level," MPRA Paper 60142, University Library of Munich, Germany.
    16. Chau-kiu Cheung, 2022. "Occupying Protest and Life Dissatisfaction in Hong Kong," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(2), pages 843-859, November.
    17. Bruno Chiarini & Paolo Piselli, 2012. "Equilibrium earning premium and pension schemes: The long-run macroeconomic effects of the union," Discussion Papers 2_2012, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    18. Wang, Chendi, 2023. "The Streets Speak: Unravelling the Impact of Austerity on Public Protests during the the Great Recession," OSF Preprints 93tz4, Center for Open Science.
    19. North, Peter, 2011. "Should crisis-hit countries leave the eurozone?," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 12(2), pages 21-26.
    20. Joan Daouli & Michael Demoussis & Nicholas Giannakopoulos & Ioannis Laliotis, 2013. "Firm-Level Collective Bargaining and Wages in G reece: A Quantile Decomposition Analysis," British Journal of Industrial Relations, London School of Economics, vol. 51(1), pages 80-103, March.

    More about this item

    Keywords

    absolute surplus value strategy; class struggle; economic crisis; Greece; neoliberalism;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hel:greese:140. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vassilis Monastiriotis (email available below). General contact details of provider: https://edirc.repec.org/data/lsepsuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.