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Social Processes of Oppression in the Stratified Economy and Veblenian Feminist Post Keynesian Connections

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  • Zdravka Todorova

Abstract

Conceptions of social stratification and oppression should be central to Post Keynesian inquiry. The article takes a Veblenian feminist view to discuss aspects of oppression in economies of stratification, and outlines connections to areas of Post Keynesian economics. The article is structured around “five faces of oppression” delineated by political theorist Iris Young: exploitation, violence, powerlessness, cultural imperialism, and marginalization. The paper reframes those based on a conception of evolving social processes and diverse economic relations, and employs Veblen’s theory of surplus and stratification, which has a broad understanding of domination that goes beyond capital accumulation. The article provides illustrations of these interconnected aspects of oppression, and discusses how each is co-opted today. The article presents specific connections to Post Keynesian economic analysis and concludes by highlighting the potential of Post Keynesian economics for social justice.

Suggested Citation

  • Zdravka Todorova, 2023. "Social Processes of Oppression in the Stratified Economy and Veblenian Feminist Post Keynesian Connections," Working Papers PKWP2311, Post Keynesian Economics Society (PKES).
    • Handle: RePEc:pke:wpaper:pkwp2311
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    References listed on IDEAS

    as
    1. Kalpana Khanal & Zdravka Todorova, 2019. "Remittances and Households in the Age of Neoliberal Uncertainty," Journal of Economic Issues, Taylor & Francis Journals, vol. 53(2), pages 515-522, April.
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    6. William Darity Jr. & A. Kirsten Mullen & Marvin Slaughter, 2022. "The Cumulative Costs of Racism and the Bill for Black Reparations," Journal of Economic Perspectives, American Economic Association, vol. 36(2), pages 99-122, Spring.
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    More about this item

    Keywords

    Stratification; Oppression; Thorstein Veblen; Feminist Post Keynesian Economics; Social Processes;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • B54 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Feminist Economics
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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