World Review of Political Economy

World Review of Political Economy (WRPE) is a quarterly, peer-reviewed journal, published by Pluto Journals as the official publication of the World Association for Political Economy, to produce research into Marxist political economy.

Print ISSN: 2042-891X / eISSN: 2042-8928

World Review of Political Economy (WRPE) is a quarterly, peer-reviewed journal, published by Pluto Journals as the official publication of the World Association for Political Economy (WAPE), with the first issue having been published in 2010. This groundbreaking project is the first of its kind: a pioneering collaboration between Chinese academics and a Western progressive publisher to produce a serious periodical of Marxist political economy. The WRPE is certain to be the essential forum for dialogue, cooperation, debate, and the sharing of cutting-edge research among the leading scholars in China, the English-speaking world, and beyond. The WRPE Editorial Office is at the Academy of Marxism, Chinese Academy of Social Sciences.

In its critical approaches to analyzing the social and economic problems facing humankind, the WRPE reflects the outlook of its founding organization. The World Association for Political Economy, founded in 2004, is an international nongovernmental academic body established on an open, non-profit and voluntary basis by progressive economists and related groups from around the world. The WAPE secretariat is based at the Shanghai University of Finance and Economics. The present chairman is Distinguished Professor Enfu Cheng, director of the Center of Economic and Social Development, Chinese Academy of Social Sciences.

Editorial Board

Editor

Enfu Cheng (China), Professor and Member of Chinese Academy of Social Sciences

Co-editors

David M. Kotz (US), Professor at University of Massachusetts Amherst

Hiroshi Onishi (Japan), Professor at Keio University

Jean-Claude Delaunay (France), Honorary Professor at Universities of Lille and Paris East-Marne la Vallée

Managing Editors

Zhongbao Wang (China), Professor at Chinese Academy of Social Sciences

Xiaoqin Ding (China), Professor at Shanghai University of Finance and Economics

Editorial Board

Josef Baum (Austria), Researcher at University of Vienna

Riccardo Bellofiore (Italy), Professor at University of Bergamo

Alexander Buzgalin (Russia), Professor at Lomonosov Moscow State University

Enfu Cheng (China), Professor and Member of Chinese Academy of Social Sciences

Jean-Claude Delaunay (France), Honorary Professor at Universities of Lille 1 and Paris East-Marne la Vallée

Radhika Desai (Canada), Professor at University of Manitoba

Heinz Dieterich (Germany), Professor at Metropolitan Autonomous University

Gérard Duménil (France), Former Research Director at French National Centre for Scientific Research

John Bellamy Foster (US), Professor at University of Oregon, Editor of Monthly Review

Hailiang Gu (China), Professor at Peking University

Hazel Dayton Gunn (US), Visiting Scholar at Cornell University, Managing Editor of Review of Radical Political Economics

Henri Houben (Belgium), Researcher at Research Group for an Alternative Economic Strategy and Institute for Marxist Studies

Leming Hu (China), Professor at Chinese Academy of Social Sciences

Makoto Itoh (Japan), Emeritus Professor at University of Tokyo, Member of the Japan Academy

David M. Kotz (US), Professor at University of Massachusetts Amherst

David Laibman (US), Professor at City University of New York, Editor of Science & Society

Thomas E. Lambert (US), Assistant Professor at University of Louisville

Jianping Li (China), Professor at Fujian Normal University

Terrence McDonough (Ireland), Professor at National University of Ireland Galway

Hiroshi Ohnishi (Japan), Professor at Keio University

Ozgur Orhangazi (Turkey), Professor at Kadir Has University

Luis Sandoval Ramírez (Mexico), Professor at National Autonomous University of Mexico

Roger Seifert (UK), Professor at Wolverhampton University

Pritam Singh (India), Professor at Oxford Brookes University

Lefteris Tsoulfidis (Greece), Professor at University of Macedonia

Roberto Mangabeira Unger (Brazil), Professor at Harvard University, former Minister of Strategic Affairs of Brazil

Pengfei Yan (China), Professor at Wuhan University

Yunxia Yang (China), Professor at Northwestern Polytechincal University

Assistant Editors

Shuoying Chen (China), Associate Professor at Chinese Academy of Social Sciences

Dongyun Han (China), Assistant Professor at Chinese Academy of Social Sciences

Zhen Wang (China), Assistant Professor at Chinese Academy of Social Sciences

Aims & Scope

World Review of Political Economy (WRPE) is a peer-reviewed academic journal of Marxist Political Economy, which aims to promote the innovative research into Marxist economic theories and their practical applications to world economy, developed and undeveloped economies, capitalist and socialist economies and so on, and to benefit the development of the world and well-beings of its people. WRPE welcomes submissions in normative and empirical research including, but not limited to:

1. State Capitalism, Monopoly Capitalism, Financial Capitalism, Neoliberal Capitalism, Imperialism, and Capitalist Development History;
2. Economic Globalization, Internationalization of Capital, Global Value Chain, Underdevelopment, Unequal Exchange, Colonialism, and Capitalist System;
3. Exploitation, Profit Squeeze, Living Wage, Income Inequality, and Relationship between Capital and Labour;
4. Business Cycle, Capital Accumulation, Under-Consumption, Over-Investment, Financial Crisis, and Theory of Economic Crisis;
5. Organic Composition of Capital, Technical Change, Labour Process, Digital Economy, Platform Economy, Productive Automation, and Theory of Falling Profit Rate;
6. Productive and Unproductive Labour, Surplus Value, Value Composition of Capital, Value and Price, Value Formation and Transformation, and Labour Theory of Value;
7. Labour-Managed Firms, Participatory Planning, Market Socialism, Eco-Socialism, Feasible Socialism, and Socialist Development History.

Guidelines for authors

For full submission guidelines, please see this document.

World Review of Political Economy (WRPE) accepts article submissions written in English that are original and not currently under consideration for publication by any other journal.

Submission

Articles should be original and not currently under consideration by any other publication. All contributions should be submitted to WRPE via the WRPE ScholarOne Manuscripts site (https://mc.manuscriptcentral.com/wrpe).

For submission on ScholarOne, new users should first create an account. Once a user is logged onto the site, submissions should be made via the Author Center. Online user guides and access to a helpdesk are available on this website. Authors should prepare and upload at least two files: Title Page and Main Document. Main Document should be an anonymous complete text, in which all information identifying the author(s) should be removed in order to allow it to be sent anonymously to referees. Title Page may include article's title, author's short biography and contact information.

Please contact the Editorial Office of WRPE via wrpe@cass.org.cn  or wrpejournal@sina.com  if you have any questions.

Contributions should be submitted in English. If authors are not native English speakers and are uncertain about the quality of their writing, their work should be edited for language by a native English speaker prior to submission.

Contributions should be formatted as A4 Microsoft Word files (Mac files must be converted), double-spaced and with ample margins. All pages, including those containing only diagrams and tables, should be numbered consecutively. Biographical information of up to 80 words should be included on the title page, indicating authors’ institutional affiliation, research area, representative writings, and email addresses.

It is the responsibility of the author to obtain permission to reproduce any illustrations that may be subject to copyright, and sources should be indicated appropriately in the accompanying captions. The use of figures (diagrams, charts, graphs) and tables should be kept to a minimum, with only essential data presented. Each should be numbered consecutively, titled, and mentioned in the main text. Tables must contain editable text. Figures should be supplied as separate *editable* files where possible (preferably in EPS, Illustrator or Excel format) and not in colour. Picture files or JPEGs are unsuitable for figures, but can be supplied for photographs if they are of good quality. Mathematical formulations should be kept to a minimum. Footnotes should be numbered consecutively. Bibliographical references should be checked for accuracy. Authors’ full addresses and other contact information including email, fax, telephone numbers, and postal address should be included in a separate A4 Microsoft Word file. One photo of the author should be provided (the first two authors’ photos, if the contribution is co-authored), which will appear in the journal on the article’s title page.

WRPE contributions are reviewed in five categories:

1) ARTICLES, up to 12,000 words, including an abstract of maximum 200 words describing the main arguments and conclusions, three to five key words, notes, acknowledgements, funding, and references.

2) COMMUNICATIONS, up to 8000 words, usually responses to the published articles or books of other authors.

3) BOOK REVIEWS, up to 6000 words.

4) ACADEMIC FRONTIERS, up to 8000 words, including conference reports, coverage of scholarly exchanges, literature review, and commentary on recent research developments.

5) FIGURE, up to 8000 words, introducing the academic career, thoughts and achievements of distinguished political economists.

Copyright and authors' rights

To assure the integrity, dissemination, and protection against copyright infringement of published articles, the copyright in your article is assigned to Pluto Journals (in behalf of the World Association for Political Economy, the proprietor of the journal World Review of Political Economy). Your Article is defined as the final, definitive, and citable Version of Record, and includes: (a) the accepted manuscript in its final form, including the abstract, text, bibliography, and all accompanying tables, illustrations, data; and (b) any supplemental material hosted by Pluto Journals.

The Author has the right to use the article in its published form in whole or in part without revision or modification in personal compilations or other publications of your own work, and the right to expand an article into book-length form for publication, provided that the acknowledgement to the journal World Review of Political Economy is made explicit.

Now WRPE is Open-Accessed and published under the Creative Commons License CC BY 4.0. This license allows users, scholars and readers, to read the content or any part of the content without charges. This license allows scholars to download and use the contents for educational purposes. This license does not allow the content or any part of the content to be used for commercial purposes.

Publishing ethics

All authors must comply with the common publishing ethics, and warrant that their article is their own original work, which does not infringe the intellectual property rights of any other person or entity, and cannot be construed as plagiarizing any other published work, including their own previously published work. The article contains no content that is abusive, defamatory, libellous, obscene, fraudulent, nor in any way infringes the rights of others, nor is in any other way unlawful or in violation of applicable laws.

Official Homepages

World Review of Political Economy (WRPE) is a quarterly, peer-reviewed title, published by Pluto Journals as the official journal of the World Association for Political Economy, to produce research into Marxist political economy. Please visit its official websites for details: WRPE homepage (www.wrpe.org.uk/); WRPE at Pluto Journals (www.plutojournals.com/wrpe/); WRPE at JSTOR (https://www.jstor.org/journal/worlrevipoliecon); WRPE at ScienceOpen (www.scienceopen.com/collection/wrpejournal).

Indexing and Abstracting

The Journal has been indexed in ESCI (Emerging Sources Citation Index, an edition of Web of Science) since 2015, and indexed in Scopus since 2018. The electronic journal is archived in Portico, and collected in JSTOR (www.jstor.org/r/pluto/wrpe), ScienceOpen, and EBSCO.

Publication

The journal World Review of Political Economy is published quarterly in March (Spring issue), June (Summer issue), September (Fall issue) and December (Winter issue).

Now all published articles in World Review of Political Economy (WRPE) are open-accessed. Please visit them at WRPE at JSTOR (https://www.jstor.org/journal/worlrevipoliecon), ScienceOpen (www.scienceopen.com/collection/wrpejournal)  and WRPE homepage (www.wrpe.org.uk/).

Now WRPE is Open-Accessed and published under the Creative Commons License CC BY 4.0. This license allows users, scholars and readers, to read the content or any part of the content without charges. This license allows scholars to download and use the contents for educational purposes. This license does not allow the content or any part of the content to be used for commercial purposes.

Contact Information

Editorial Office, wrpe@cass.org.cn or wrpejournal@sina.com

Managing editor, Prof. Zhongbao Wang, wangzb@cass.org.cn

Publisher Pluto Journals, evek@plutojournals.com

Affiliation

World Review of Political Economy (WRPE) is an official journal of the World Association for Political Economy (www.wapeweb.org/). 

Call for Papers of the Fifteenth Forum of the World Association for Political Economy

Rethinking Economic Analysis: Perspective of Political Economy

17-18 December 2021, Shanghai International Studies University, China

The 15th WAPE Forum will be held on 17-18 December 2021, Shanghai International Studies University, China. International participants will attend online due to COVID. 

The broad theme of the conference focuses on the controversy between the two main alternative traditions in economic analysis, Political Economy and Economics. Economics (with their myopic understanding of the economy as simply market relations, neglect of social and political factors and class struggle and their almost overt support for capital against labour) has been historically proved incapable of grasping how economies work and forecast and confront competently economic crises. On the other hand, Political Economy (offering a social understanding of the economy, focusing on the sphere of production, linking economic analysis to social and political factors and to class struggle) has been more successful in comprehending the actual workings of the economy and in analyzing economic crises. However, despite their long-standing failures, Economics continue to dominate academia and policy-making centers, especially in the West. Even after the last global economic crisis and its blatant failure to foresee and to resolve it, its dominance remains unwavered as it is supported by strong vested class interests. Nevertheless, there is growing unrest within both the academia and the society with this failed dominance. Political Economy is the main approach towards which all those dissatisfied with Economics turn.

This conference aims to juxtapose Political Economy and Economics and contrast their positions on the various fields and areas of economic analysis. Within its broad theme, WAPE 2021 invites all contributions that enrich the perspective of Political Economy and expand the ground for further discussion. Indicatively but not exclusively, proposed papers can touch upon the following issues:

1. Curriculum reform in Economics: How Political Economy can challenge Economics’ dominance of university curricula

2. Contemporary controversies in Macroeconomics: Neoclassicism, Keynesianism and Marxism

• Neoliberalism and the New Macroeconomic Consensus
• Marxism and Macro-economic modelling
• How to evaluate US mainstream economics with Marxist Political Economy

3. History of Political Economy

4. Economic History

5. Theory of stages and periodization of capitalism

6. Theories and analyses of economic crisis

7. Profitability, crises and economic cycles

8. Race, class and gender

9. Methodology of economic analysis

10. Trends and challenges in contemporary economic policy

• Neoconservative economic policies
• Economic planning, fiscal and monetary policies reconsidered
• A return of industrial policy?

11. Marxism and the Political Economy of money and finance

12. Labour process, markets and the Political Economy of Work

• Labour movement and Trade Unions
• Flexible employment and unemployment
• The current state of Labour Process Theory

13. The Political Economy of poverty and inequality

• Austerity and the welfare system
• The current state of social policy

14. Political Economy of education

15. Political Economy of health and health policies

16. Environmental Political Economy

17. Urban and regional economics

18. Law and Political Economy

19. World economy: globalization or imperialism?

• International conflicts and imperialism
• The retreat of US hegemony and the emergence of a multi-polar world system
• Political Economy of capital flows
• BRICS, the newly emerging economies and the world economy
• Global value chains and transnational corporations
• Political Economy of foreign direct investment (FDI)
• International Political Economy

20. Political Economy of European integration and the Eurozone crisis

21. Development studies at an impasse

• Developmental state after the Post-Washington Consensus
• Role and policies of international organizations (IMF, WB, WHO, UNHCR, UN etc.)

22. Country case studies

Official language: The official language of the Forum is Chinese and English with simultaneous translation.

Publication possibilities: All accepted full papers will be considered for publication in the World Review of Political Economy (http://www.plutojournals.com/wrpe/) and the International Critical Thought (https://www.tandfonline.com/rict) after passing the peer review process.

How to apply

Send a paper abstract (500 words) and your full curriculum vitae in English to wapemember@vip.163.com by 30 September 2021. Acceptance letters and instructions for registration will be sent out by 15 October 2021. The structure and the schedule of registration fees are detailed below. Full papers must be submitted by 5 December 2021.

Both individual papers and complete panels on the main theme and proposed topics are welcome. You are also welcome to propose other topics on the theme. There is also the option to apply to attend the forum without a paper.

Important dates

• Deadline for abstract proposals: 30 September 2021
• Notice of acceptance: 15 October 2021
• Deadline for full paper: 5 December 2021

What are the benefits of joining WAPE?

WAPE has decided to develop itself as a membership organization in order to facilitate the exchange of knowledge, new thought and research across the divide of languages and geography, and offer its members access to certain benefits. To register for the 15th WAPE Forum, you must become a WAPE member first. 

Standard membership. The benefits to be a Standard Member include:

• Free digital copies of the organization’s peer reviewed academic journal, World Review of Political Economy (WRPE), which is published four times a year.
• Publishing of members’ selected articles on our websites.
• Translating selected books and articles into Chinese and publishing them in China.
• Invitations to attend a variety of conferences in China.
• Scholars who are members may be invited to China on a lecture tour.
• Members will be invited to join panels, which WAPE will organize for various international conferences held in different countries.

The membership fee for Standard Members is US$30 per year.

Council membership. Council Members have the priority over all the benefits offered by WAPE for Standard Members. Besides, you will get both free digital copies and hard copies of the World Review of Political Economy (WRPE). Council Members are required to submit one paper to or call for one paper for WRPE, and review one paper for WRPE per year. The membership fee for Council Members is US$100 per year.

Low-income membership. Low-income Membership is a discretionary rate of US$10 for students, retired and unemployed people, and part-time workers on reduced income.

WAPE. The World Association for Political Economy, registered in Paris, is an international academic organization founded by Marxist economists and related groups around the world. The mission of WAPE is to utilize modern Marxist economics to analyze and study the world economy, reveal its laws of development, and offer policies to promote economic and social progress on the national and global levels. The last fourteen WAPE forums were successively held in Shanghai (China), Shimane (Japan), Beijing (China), Paris (France), Suzhou (China), Amherst (USA), Mexico City (Mexico), Florianopolis (Brazil) and Hanoi (Vietnam), Johannesburg (South Africa), Patiala (India), Moscow (Russia), Berlin (Germany) and Winnipeg (Canada) annually between 2006 and 2019. Participants in past WAPE forums have come from over 50 countries across Asia, Australia, Africa, Europe, and North and South America.

WRPE. The World Review of Political Economy is a peer-reviewed quarterly journal of Marxist Political Economy as the official publication of WAPE and published by Pluto Journals. For more information including types of submissions that will be considered, please go to http://www.plutojournals.com/wrpe/ and submit your articles to WRPE  via WRPE ScholarOne Manuscripts site (https://mc.manuscriptcentral.com/wrpe).

WAPE Awards. The Distinguished Achievement Award of World Political Economy of the 21st Century, established by WAPE, has been granted annually since 2009 to recognize outstanding books and articles in political economy published since the year of 2001. It is intended to promote research of modern political economy around the world by granting this award to those who have made important innovations in the theories or methodology of political economy. The Marxian Economics Award, established by WAPE in 2011, is given to recognize an outstanding lifetime record of achievement in political economy. Its purpose is to promote the development of research of Marxist economics around the world by granting this award to those who have made important innovations in the research of theories, methodology, and application of Marxist economics. The 2020 WAPE Awards will be granted at the opening ceremony of the 15^th WAPE Forum. Nominations and applications can be sent to wapemember@vip.163.com.

Marxist economists from all over the world are welcome to join WAPE and attend WAPE forums. WAPE aims to encourage cooperation among Marxist economists and to enlarge and strengthen the influence of Marxist economics in the world.

The WAPE Secretariat

August 2021

Scholars

We are building the list of World Review of Political Economy (WRPE) scholars. Please register an ScienceOpen account and make your personal homepage on ScienceOpen (e.g., the “Friendly URL” on ScienceOpen for the Managing Editor of WRPE, Prof. Zhongbao Wang: www.scienceopen.com/user/wangzb) , then “Follow” the WRPE homepage (www.scienceopen.com/collection/wrpejournal) on ScienceOpen,  and write to the editorial office of World Review of Political Economy (WRPE) via wrpe@cass.org.cn or wrpejournal@sina.com to tell us your personal homepage on ScienceOpen.

WRPE Scholars

Enfu Cheng (Cheng Enfu in Chinese tradition)

Zhongbao Wang (Wang Zhongbao in Chinese tradition)

Welcome also to visit the scholars of World Association for Political Economy at Elsevier.