Utility and excess: the radical sociology of Bataille and baudrillard

This paper consists of three sections. In the first in will attempt it will attempt to establish the theoretical centrality of the contrasting notions of utility and of excess in relation to their treatements within the ‘sociological mainstream’. The second section will introduce antother, radical sociological lineage extending from Nietzsche through Bataille and on to baudrillard. It will be argued that this ineage offers a more adequate approach to the analysis of the linked yet contrasting notions of utility and excess. These concepts will be approached, first, through the notion of general economy, in contrast to the theories and methods of restricted economy, particularly as it operates in the work of Bataille. The theory of Baudrillard will be situated as a treatment of the Problematic of excess in the modern age whereby utility and excess are no longer starkly and simply counterposed. Further, it will argue that Baudrillard's work reveals the importance of a radical theory of contemporary society, one which goes beyond not only restricted explanatory economies but also the notion of general economy itself. it is argued that the dominant strands of modern sociology are ocked within the methodological and theoretical structures of utility and of restricted economy and that this constitutes its fatal weakness. The specific maniestations of excess discussed are social violence, particularly sacrifice and death, transgression, ‘evil’ and the notion of ‘profitless expenditure’. The final section deals, briefly, with the theoretical and material consequences of ture'. The final section deals, briefly, with the theoretical and material consequences of the continue suppression, denial or domestication of this radical or marginal lineage.     

Inflationary effects of oil price shocks in Indian economy

Stabilising inflation around certain preconceived level remains the predominant objective of monetary authorities all over the world as its variability has crucial ramifications on the real economy. However, the effective operation of monetary policy to this end largely hinges on the nature and dynamics of inflation both in the short‐run and long‐run. In this context, the present study focuses on theoretical investigation of how crude oil price fluctuations affect inflation in a real economy. Moreover, the study examines the nature of relationship between crude oil price fluctuations and inflation and its impact with reference to Indian economy. The study suggest that, in India, although the price of petroleum products are insulated against international crude oil price fluctuations by way of subsidies in order to curb inflation, in the long run, inflation manifest itself in the form of worsening fiscal deficit and undermine the sustainability of public debt. Copyright © 2016 John Wiley & Sons, Ltd.     

Assessing the (eco)macroeconomic performance index of India: A data envelopment analysis approach

The prime objective of this article is to construct a robust macroeconomic performance (MEP) index of the Indian economy using the data envelopment analysis (DEA) approach. Seven major macro indicators, namely, economic growth, employment rate, terms of trade, inflation rate, fiscal deficit, pollution, and climate change are used to compute MEP and Eco‐MEP indices of the Indian economy from 1980–1981 to 2018–2019. Overall, both the MEP and Eco‐MEP index scores have quite similar best performing years worst performing years, and have also captured the major events that affected adversely the Indian economy during the past decades. The trend in the overall performance of the Indian economy was better in the 1980s and the 1990s but has deteriorated since 2000. The autoregressive distributed lag bounds testing approaches to cointegration methods are used to test the robustness/utility of these indices. The estimated results show that MEP and Eco‐MEP have a positive impact on private investment, foreign investment inflows, foreign direct investment, and a negative effect on the current account deficit. Hence, the suggested composite MEP index is stable, robust and truly captures the economic performance of India. The constructed MEP composite index may be used by foreign investors, rating agencies, private investors, and policymakers for their planning and decision‐making processes.     

Goods and services tax,cascading, and revenue performance: Analyzing Indian commodity taxation market

Indian economy has finally introduced an improvised value‐added tax commonly known as goods and services tax (GST) with an explicit focus to target cascading. Cascading is by far the most serious issue of a tax structure as it leads to many other challenges like opaqueness, complexity, evasion besides deadweight losses. GST is a fiscal policy reform aimed at integrating and harmonizing the Indian tax structure and hence reduce the incidence of cascading. This study is an attempt to empirically analyze the possible impacts of GST on the cascading and hence revenue collection in the Indian economy. The study has employed a simple but representative simultaneous equation model representing the commodity taxation using time series data from 1990 to 2017. This study finds that reduced cascading under GST will enhance the revenue efficiency of the Indian commodity tax structure. The findings are corroborated by the post‐GST revenue performance of Indian states and the central government.     

The Logic of Violence

To date, there is no synthetic, general theory of violence able to integrate the less complete theories of violent behaviour. There is little agreement among researchers about the causes of violence (not to mention what to do about it) and the field has become vast in terms of literature. This paper reviews theories of violence, mostly from sociology, political science and psychology both at the level of the individual and the collective. The paper is divided in two parts: the first deals with theories that see violence as a reaction, the second deals with those theories that see violence as a mean to attain goals.     

The accountants are coming! How accountants can help policymakers in social program evaluation

Recently, numerous writers, accountants and non-accountants alike, have considered the relative merit of extending the scope of accountants' activities to include a role in social program evaluation. This paper attempts, firstly, to offer a framework which identifies various aspects of the evaluation process and, secondly, to highlight the contribution accountants can make within that framework. The paper consists of three sections. The first section considers activities which are typically performed by accountants in the profit-seeking sector of economy. The second section describes various facets of evaluation and the stages of program development, and attempts to integrate the two via a differential evaluation process. In the concluding section, it suggests that accountants do have a significant contribution to make to social program evaluation, and that this contribution is consonant with their role in profit-seeking enterprises. However, the paper also seeks to caution about the areas where accountants cannot and should not be expected to make contributions without specific training beyond their accounting expertise.     

What’s unsettling about On Settling: discussing the settler colonial present

This article considers the current relevance of settler colonial tropes, narratives and idioms by discussing the opening section of On Settling (2012), a recently published book authored by respected political scientist Robert E. Goodin. While Goodin argues that ‘settling’ should be considered a ‘normatively defensible practice’, my critique focuses on his assumed link between ‘settling’ in general and settler colonialism in particular. The first section of this article follows the narrative of settlement that underpins Goodin’s book. The second section discusses this narrative’s inherently exclusionary character, a characteristic that undermines claims to universal normative validity; while the third section appraises the language that supports it. In the fourth, conclusive, section On Settling’s apology of settler colonialism is used as a starting point for an analysis of the settler colonial present in an ‘age of unsettlement’.     

Goods diversion and repressed inflation: Notes on the political economy of price liberalization

Most analyses of parallel markets in centrally-planned systems focus on queue-rationing as the mechanism whereby state-sector goods become available for second economy resale. This article takes into account employee diversion of goods as a second channel through which merchandise can move to private markets. Diversion of goods tends to temper the adverse distributional consequences of price liberalization. As repressed inflation increases, more goods are diverted out of the state sector, and the likelihood that an individual will be made worse off by a transition of free prices is diminished.     

Economics,politics, and the cycle of presidential popularity

Does the economy hold the key to the ups and downs of the popularity of American presidents? This study, which is based on quarterly data from 1961 to 1980, employs stochastic models for time series (Box-Jenkins). For inflation, though not for unemployment, the findings confirm a significant effect at a lag of one quarter. The worries of political leaders about the inflation side of macroeconomic performance appear to be justified. Nevertheless, the influence of noneconomic factors such as international events, the Vietnam War, and Watergate proves even more potent. Moreover, presidential popularity is subject to a cycle whereby each president begins his service with an unearned popularity bonus that subsequently erodes. Economic performance is not found to be responsible for this inauguration-erosion cycle, but neither are rallies, wars, or scandal.     

Reforming Central Banking STEPHEN KIRCHNER

This book is about which monetary institutions and monetary regimes are most likely to promote: price stability. As such it is a welcome addition to the literature on this much debated question, especially because it provides such a lucid account of Kirchner's side of the debate. The questions he explores are important because central banks have become much more significant in recent times. Indeed, momentous changes in political economy, especially in the last decade in the wake of global and domestic financial deregulation, have propelled monetary policy and central banks to a new prominence.     

Ecological Crisis, Poverty and Urban Development in Latin America

This article deals with the social and ecological crisis in the urban regions in Latin America. To analyse the social and environmental conditions of Latin-American urban regions it is necessary to take into account two main factors: the high population and territorial growth of Latin American cities during the second half of the 20th century and the lack of an integral development which would have improved the urban quality of life. The imported market economy in Latin America, as a bad copy of the growth economy in the North, has generated a highly unequal development. The acceleration of the economic growth has gone hand in hand with the deceleration of development. Whereas the macro-economic rates improve, the indicators that measure qualitative evolution among sectors, territories and people have deteriorated. So, to explain the ecological crisis in Latin America, it is important to consider not only the different forms of environmental impact, but also the socio-economic factors and the availability of infrastructures. Therefore, this article describes the general social and economic development process in Latin America, and then examines the relationships between industrialisation and urbanisation in connection to the social and ecological conditions in urban areas.     

Service Provision for the Global Economy: The Evolving Indian Experience

Since 1995, the offshoring of services to India has rapidly evolved from a curiosity only studied by a few scholars to a phenomenon portending a major shift in the geography of global economic activity. The article examines the evolution of Indian global services provision quantitatively and qualitatively through the use of four case studies. The first case study examines the challenge that the Indian information technology systems integrators (ITSIs) pose to the formerly larger—but now roughly comparable in terms of employment—incumbent developed-nation ITSIs. Because IT systems have become central to nearly every enterprise, the second case study illustrates the wide variety of enterprises that now have significant Indian offshore operations. The third case study describes the rapid growth of offshore integrated circuit design in India, a nation with now commercial-scale integrated circuit production. The final case study describes the emergence of high-opportunity entrepreneurial startups in India and the increasing number of Silicon Valley startups that very early in their lives or even as part of their business model have significant operations in India. The concluding discussion situates India within the global economy and speculates upon its future evolution.     

China's rural reform: the state and peasantry in constructing a macro-rationality

As a critique of the popular perspective on China's rural reform centered on microinstitutional problems of collective farming such as work incentive and monitoring, this paper places an alternative emphasis on the distinct organizational characteristics of the peasant family in production, distribution, and welfare. What the Chinese state saw in family-based peasantry was not a typical market-oriented private economy operating mainly in pursuit of short term profits, but a multipurpose, morally governed unit in which the rural population maintains stable work relations, pursues diverse entrepreneurial activities, and satisfies basic subsistence needs; i.e., a organizational unit which could take over most of the social and economic functions of the pre-reform collective. In a sense, China's rural decollectivization has been a process of deceptively transferring the burden of absorbing and supporting the huge rural surplus labor to individual peasant families for whose economic activities the state is not directly responsible.     

Capitalist profit calculation and inflation accounting

How are profits calculated under capitalism? This paper discusses the forms of profit calculation that have been put forward by the accounting profession to deal with the problem of inflation. In so doing it also raises the issue of the disjuncture between the calculation of profit made by the capitalist enterprise/ firm and that generally associated with Marx and subsequent Marxist writings. Finally, the paper addresses the wider issue opened up by the debate about ‘inflation accounting’; in particular the question of the legal constitution of corporate trading bodies and the control of the flow of investible money- capital within the economy.     

Unravelling bibliophiles' preference on the basis of bestseller lists in India

This study investigates different genres in Indian book market to establish a clear understanding of dominating genres in the market. The focus of the study is in tandem with two groups: fiction and non‐fiction books on the basis of 52 weeks' bestsellers list. The model employs a point system constructed by mapping performance score of different genres. By using these performance scores, Kruskal‐Wallis H test and Mann–Whitney U test are performed. The results show that there is a significant difference between each genre but one particular genre stands out the most in both the categories. Romance in Fiction category and Self‐help in non‐fiction category dominates the Indian book market as shown by the study. This evidence has a far‐reaching implication toward the understanding of the dynamics of genre preferences in India.     

Hypotheses on the Italian administrative system

Why is the private economy in Italy thriving, while the public sector is so poor? This article spells out the general characteristics of the structures and procedures of the public sector and outlines the criteria on which to judge its efficiency in order to proceed to the presentation of four explanatory hypotheses.

The first hypothesis is an economic one: the private sector may have exploited the public sector, which bears costs that are to the direct advantage of the private economy. The second hypothesis is social: the public sector is poor because it is a means of taking on labour from the underdeveloped South, becoming in this way a social buffer. The third hypothesis is political: the administration is used to secure political support for the ruling parties (and in particular, for the Christian Democratic Party). The fourth hypothesis is historical: the administration is badly run because, as a result of the Fascist experience, Italians fear any form of ‘Bonapartism’: and it is badly organised because the public sector's take‐off has been delayed and the pace imposed on its development has been excessive. In the last section some remedies are suggested and some conclusions are outlined.     

《有闲阶级论》的理论成就

凡勃伦的《有闲阶级论》是现代消费社会学的开山之作,至今仍是这一领域最值得认真阅读的著作。本文试从三个方面讨论这本经典著作,其一,《有闲阶级论》并非如其表面那样容易阅读,及其理由何在?其二,《有闲阶级论》一书包含三个上下连贯的组成部分:凡勃伦的社会哲学和方法论(一般理论);关于有闲阶级的系统理论;对有闲阶级现象的系统观察;其三,从分析社会学的理论视角看《有闲阶级论》的理论得失。     

Thomas Jefferson's Liberal Anticapitalism

This article reassesses Thomas Jefferson's political economy in light of debates about the influence of liberal and republican ideas on his thought. I argue that Jefferson embraced liberal premises, but used them to reach anticapitalist conclusions. He opposed neither commerce nor the prosperity it promised; he opposed working for a wage, and he did so on liberal grounds. The first section of this article shows that John Locke's theory of property turns on the justification of capitalist labor relations. The second section establishes, first, that Locke's argument played a decisive role in the development of Jefferson's own and, second, that Jefferson redefined its terms to fashion a forceful critique of wage labor. An examination of Jefferson's writings elucidates a neglected variant of the liberal tradition, prevalent in the United States until the Populist agitation. Its core is the stigma attached to working for hire as a diminished form of liberty, tantamount to wage slavery.     

Imagining the Economic Nation: The Scottish Case

The impending Scottish referendum on independence raises the question: what is a nation? This article addresses this question in terms of ‘economic nationhood’. Tracing the development of the Scottish economy over the last century and a half, it shows how the extraordinarily ‘globalised’ economy of pre‐1913 Scotland slowly evolved into a much more self‐reliant entity. Today, Scotland has a de‐industrialised and substantially de‐globalised economy, with a very large public sector about which key decisions are made in Edinburgh. Scotland has become much more of an economic ‘community of fate’ than ever before in its modern history.     

The New Right in Central Europe II: Poland and Hungary

'The New Right' as it has come to be known, derives from at least two major intellectual sources, free market theory and social conservatism. The question how far these are compatible is frequently raised. The aim of this two-part article is to explore the impact of 'New Right' thinking in East Central Europe (specifically in Czechoslovakia, Poland and Hungary) in order to show that in the conditions of 'real Socialism', free market and social conservative ideas seem to arise naturally from the same root conceptions.
This second section deals with Poland, and examines the new 'market sociology' propagated within universities, together with the metaphysical and political ideas surrounding the Polish Nationalist movement.