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Cambodia is one of the first two countries that adopted a retail central bank digital currency (CBDC) in October 2020. The design of the CBDC, called the Bakong, is a bit unique. We find a few design flaws that could potentially damage the central bank and then the Cambodian economy as a whole. We show some key statistics from our own survey in 2022 to support our arguments. The Bakong is offered in two currencies, the Khmer Riel (KHR) and the US dollar (USD), as Cambodia has been highly dollarized. We discuss theoretical predictions for the CBDC based on three kinds of substitutes: paper money, bank deposits, and foreign currencies. The third one is specific to the Bakong. Unlike a typical local currency CBDC, the USD Bakong may substitute for the KHR more. Moreover, it has been announced that the retail Bakong is legally not a liability of the central bank, but from the viewpoint of the underlying technology and economics, it is a central bank liability. [ABSTRACT FROM AUTHOR]

Focusing on the construction of London's West India Docks in 1802, I argue that this project established a feedback loop with conditions of production in the Caribbean. Through an analysis of committee minutes, letters, parliamentary papers and visual art, I move beyond economic accounts of slavery's impact to demonstrate how geographies of security and surveillance—first developed on the sugar plantation—were imported into the design and function of London's port. As such, I argue that London's docks produced a geography of segregation which offers a unique insight into the workings of racial capitalism and its exploitation of group‐differentiated vulnerabilities. Positioning my discussion alongside London's contemporary landscape, I excavate Britain's repressed memories of slavery to illustrate how they still scar the urban environment. [ABSTRACT FROM AUTHOR]

The article talks about the importance of people and modern citizenship in the functioning of democracy. Topics include politics and morality, political autonomy, risks in capitalistic economic system, feminism, racial discrimination, and minority protection. The concept of peopleness has been discussed.

In the intricate tapestry of environmental discourse, the field of political ecology emerges as a powerful lens through which we scrutinise the interplay of power, nature and society. This paper stages a dialogue with Paul Robbins to examine environmental justice, the decolonisation of political ecology, colonialism, sovereignty, climate change and capitalism. The dialogue challenges the conventional narratives of sovereignty and underscores the imperative of genuine decolonisation—beyond metaphorical interpretations—calling for the restitution of land and authority to Indigenous Peoples and other historically marginalised communities. The dialogue highlights the importance of moving away from capitalist systems that exacerbate environmental degradation. The dialogue calls for decolonising political ecology by including diverse perspectives, methodologies and ontologies and underlines the importance of control over productive resources. It emphasises that addressing the impacts of colonialism requires recognising and honouring the sovereignty of Indigenous Peoples and suggests that political ecology can contribute to decolonisation by focusing on sovereignty and supporting legal and institutional frameworks that empower marginalised communities. The paper discusses the way forward and the future trajectory of political ecology by suggesting that future research in political ecology should focus on diverse economies, embrace emerging technologies and rework academic institutions to value knowledge co‐production. [ABSTRACT FROM AUTHOR]

This paper draws on research on infrastructure‐led development and urbanisation in Nairobi to explore the new urban geographies of rentier capitalism in Africa. Under the banner of Kenya's Vision 2030 national development strategy, Nairobi's agrarian hinterlands have been transformed by major road building projects. These initiatives have catalysed a peri‐urban property boom characterised by the conversion of agricultural and ranching land into urban real estate and the verticalisation of road corridors. The paper identifies four processes of land transformation driving this real estate market expansion: commodification; speculation; autoconstruction; and assetisation. Adopting a multi‐scalar conjunctural approach, it argues that rentier capitalism in this context is spatialised through the dramatic extension of real estate frontiers along the route of peri‐urban road corridors. Development along these corridors assumes a “grey” character that defies conventional formal–informal distinctions, enabling the extraction of large rentier profits and encouraging the further proliferation of frontier spaces. [ABSTRACT FROM AUTHOR]

This paper progresses research on resistance in the context of financialisation by drawing on various social reproduction legacies. I explore how social reproduction theory offers conceptual and methodological tools that can deepen research on de‐financialisation and resistance against predatory finance. Expanding upon relational approaches to social reproduction, this paper frames “the financialisation of social reproduction” as the dialectics between the reproduction of financialised capitalism and the regeneration of life. This supports a perspective on resistance through the identification and analysis of the interplay between the objective and subjective limits to the financial extraction from life. I examine how methodologies like “counter‐topographies” can demystify financialisation while supporting the cultivation of alternative geographies of finance. Through “financial counter‐topographies”, I explore how global reproductive entanglements contradictorily fragment working‐class interests across space while creating conditions to envision and cultivate de‐alienated financial landscapes. This approach seeks possibilities for collective action and international collaborations beyond financialisation. [ABSTRACT FROM AUTHOR]

The Habitats Directive is a key document for the protection of critical natural capital in the European Union. In a manner consistent with the understanding of sustainability in the European Commission, even critical natural capital is subject to trade-offs in favour of economic and social development. This is reflected in Articles 6(3) and 6(4) of the directive. This paper analyses the planning process leading to the approval of the expansion of the port of Rotterdam project – which will significantly affect Natura 2000 – against sustainability criteria. Although it shows that the directive is powerful to promote sustainable planning, the success of the case study was due mainly to elements specific to the particular planning process, namely the use of deliberative public participation mechanisms as well as specific assessment tools. Lessons are drawn and recommendations made to strengthen the Habitats Directive and the national planning processes in relation to projects potentially affecting Natura 2000 sites. Copyright © 2006 John Wiley & Sons, Ltd and ERP Environment. [ABSTRACT FROM AUTHOR]

Capitalism is "often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society" (Sarwat & Ahmed, [11], p. 2). Valeria Andreoni, Sophia Kuehnlenz, and Imko Meyenburg present a macro-perspective article entitled "Capitalism and Crises: A Comparative Analysis of Mainstream and Heterodox Perceptions and Related Ethical Considerations." Paul Oslington, in a macro-perspective paper, entitled "Alasdair MacIntyre and Adam Smith on Markets, Virtues and Ends in a Capitalist Economy" offers a perceptive, reflective analysis of MacIntyre and Smith on markets, virtues and ends in a capitalist economy. Almost two centuries later, the world is dominated by the dual powers of information and communications technologies, on the one hand, and, on the other hand, the clash between capitalism and various socialist-inspired economic systems, in an increasingly sophisticated and normally stealthy battle for global dominance. [Extracted from the article]

This paper analyses the main perceptions of capitalism and crises from a mainstream and heterodox perspective. Broadly defined within the neoclassical structure, the mainstream approaches support the idea of long‐term stability of capitalism and describe crises as exogenous events. The heterodox perceptions, on the contrary, perceive crises as an internal feature of capitalism and propose to reframe the global economy within the limits of the socio‐environmental systems. Despite the historical recurrence of crises, the neoclassic capitalist framework and the related mainstream perceptions are still dominating the international economic debate. Most of the crises have then been addressed with reforms oriented to adjust some elements of the system without changing the overall economic structure. On the contrary, limited numbers of initiatives have been implemented to reorganise the economy according to the heterodox perspectives. Within this context, further analysis would be needed to investigate the feasibility of the proposed heterodox solutions. By discussing the main perceptions of capitalism and crises and by considering the ethical implications of the mainstream and the heterodox approaches, the present paper contributes to the existing debate around stability of capitalism and provides a starting point for analysis oriented to investigate the feasibility of alternative economic structures. [ABSTRACT FROM AUTHOR]

This paper develops the concept of the non‐encounter for geography in the context of the changing experience of gig economy work during COVID‐19. Supplementing political economy insights with a cultural geographic sensitivity to embodiment, we explore the fluctuating bodily capacities of food delivery drivers during the first year of the COVID‐19 pandemic in Melbourne, Australia. We reflect on fieldwork with gig workers which drew our attention to how the practice of doorstep food delivery became 'contact‐free' during the pandemic. In dialogue with cultural geographical literatures on boredom and interruptions, our paper highlights the deleterious impacts of repetition without interruption on workers' bodies. We argue that the felt absences of previously enjoyed light‐touch interactions with customers and other delivery drivers has created a strange kind of 'non‐encounter' for gig workers, intensifying feelings of boredom and a sense of detachment. We speculate on what this means for the future of gig work and for cultural geographers. This paper develops the concept of the non‐encounter for geography in the context of the changing experience of gig economy work during COVID‐19. In dialogue with cultural geographical literatures on boredom and interruptions, our paper highlights the deleterious impacts of repetition without interruption on workers' bodies. We argue that the felt absences of previously‐enjoyed light‐touch interactions with customers and other delivery drivers has created a strange kind of 'non‐encounter' for gig workers, intensifying feelings of boredom and a sense of detachment. [ABSTRACT FROM AUTHOR]

In this paper, I discuss how the earthquake risk is exploited by 'disaster capitalism', in order to convert Istanbul to a massive construction site. The shock of the 1999 Marmara Earthquake has been effectively used by the neoliberal market and government as 'a shock therapy' to implement a construction‐led development model for Turkey and to favour the construction sector by introducing new incentives, exceptional rights and interventions, which otherwise might be challenged. The current Turkish government justify the ongoing massive urban transformation and new mass housing projects as an improvement of the housing stock to make residential buildings stronger and more resilient to earthquakes. However, areas actually under earthquake risk do not match the areas that are officially declared under disaster risk by the government. The Disaster Law #6306 that granted the government the absolute right to expropriate land based on the justification of 'protecting residents against earthquakes and other natural disasters' was applied in a selective way to seize valuable land in Istanbul. In the paper I explore how the disaster was quickly converted to an opportunity for economic growth. To do that I introduce stories of three different neighbourhoods in Istanbul, namely Moda, Tozkoparan and Fikirtepe, each of which experience the ongoing massive urban transformation differently based on the land value of the neighbourhoods, class position of the residents, and residents' capacity to organise in order to protect their rights. I describe, how disaster capitalism is lived and experienced differently in these three neighbourhoods. Although the massive construction projects are indifferent to life's sustainability, those projects are justified as interventions in terms of public health and safety through making housing resilient to earthquakes. I critically discuss how in each case biopolitics presents disaster capitalism's massive urban transformation projects as a manifestation of liveliness. [ABSTRACT FROM AUTHOR]

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Emerging debates on the contemporary reconfigurations of work question previous understandings of the relationships among and between waged, unwaged, and reproductive labour, situated processes of value formation and/or enclosure, and the constitution and limits of contemporary capitalism. Taking Cindi Katz's notion of countertopographies and Gillian Hart's notion of relational comparison as inspirations, this Symposium draws attention to new and existing conceptual frames and modes of analysis to situate contemporary permutations of work within the shifting dynamics of uneven development in specific state, local, and institutional contexts. This Introduction summarises the interrelated and overlapping contributions that papers in this Symposium offer methodologically, analytically, and politically. The open‐ended aspiration that emerges from these contributions is that close attention to heterogeneous formations of work outside the wage might help to multiply forms of vigilance and critical praxis necessary to resist the co‐optation and enclosure of people's creative energies, and move toward realising the latent liberatory potentials that several of the contributions suggest. [ABSTRACT FROM AUTHOR]

Canada has recently emerged as a hotspot in a burgeoning global surrogacy bio‐economy. On the grounds that any commercial trade in reproductive capabilities would result in the exploitation of marginalised women willing to sell their eggs and wombs, Canada's Assisted Human Reproduction Act (AHRA) bans commercial surrogacy, allowing only for altruistic arrangements. Drawing together analysis of the AHRA and related legal, regulatory, and policy documents, feminist political economic theory, and a growing body of critical social scientific scholarship on surrogacy, this paper troubles altruism as a means of insulating surrogacy from market‐based exploitation. It contributes to the extant literature an explicit focus on the law as a key site in the reproduction of the gendered division of labour. Acknowledging the serious concerns that dog commercial markets in reproductive biology, it argues that the legal constitution of gestational work as altruistic is part of a broader juridico‐economic apparatus that has systematically devalued reproductive labour under capitalism. Efforts to insulate surrogacy from the market by legally designating it as a gift freely given facilitate the ongoing appropriation of reproductive labour, which is assigned, once again, to the realm of non‐value. A feminist political‐economic critique of altruism, this paper does not forward an argument in favour of commercialisation. Rather, its aim is to upend the commercial/altruistic binary that has circumscribed so much of the thinking and legislating around surrogacy. This paper explores the role of the law in devaluing reproductive labour under capitalism. It does so via an examination of Canada's burgeoning surrogacy bio‐economy and the legislation – the Assisted Human Reproduction Act – designed to regulate it. [ABSTRACT FROM AUTHOR]

This paper starts from the point that our current political‐economic‐climate conjuncture demands new engagements at the dynamic interface of climate capitalism. Using two cases of climate capitalist responses to climate challenges, I demonstrate the reparative potentials that emerge from the tensions and ambiguities that typify that conjuncture. In the first case, I examine financialised climate infrastructure in Jakarta, Indonesia, that promises to protect the city from flooding while enriching city elites, but against which diverse social movements and collectives have organised. The second case is about a cooperative energy provider in Australia, operating on the terrain of a neoliberalised electricity market and climate change, and working towards multifaceted repair by collectivising and redistributing surplus and modelling democratic engagement. Those involved in these vastly different cases both pursue repair and reparations through climate capitalist projects by reckoning with historical and present climate debts while constructing forward‐looking programs. As such, they chart the first steps towards reparative climate futures. This paper identifies the political and socioecological potentials from two key climate capitalist projects: flood protection infrastructures in Jakarta and cooperative energy in Australia. From this, it builds a framework of repair and reparations for engaging with climate capitalism and argues that the emerging tensions and ambiguities facilitate steps towards reparative climate futures. [ABSTRACT FROM AUTHOR]

The paper analyzes the role of the 1948 currency and economic reform in West Germany for growth and social cohesion in Germany and Europe. It describes the theoretical foundation by Walter Eucken and the implementation and defense of the new economic order by Ludwig Erhard. The paper stresses the positive impact of the market economy on growth and welfare in Germany and Europe. Then, it is shown that Eucken's constituting principles of the market economy were gradually eroded after euro introduction in course of crises, with the negative repercussions on growth and equality being explained. The policy conclusion is that only the reconstitution of price stability in the euro area can prevent a further decline of welfare in Europe. The 1948 economic reforms provide an important blueprint for the necessary reform process. [ABSTRACT FROM AUTHOR]

This paper foregrounds the centrality of reproductive politics in constituting the spaces of migrant activism. Addressing social reproductive issues as racial issues, it exposes how "premature death" and questions of survival shape migrants' lives throughout the uneven geographies of racial capitalism. Drawing on the political experiences of the "No Evictions Network"—a migrant and activist‐led group campaigning for asylum seekers' rights in Glasgow (Scotland)—the paper suggests the concept of "political reproduction", grasping the interchange between care, trust, empowerment, political subjectivation, and the overcoming of barriers towards political action that take place within spaces of migrant activism. Building upon migrant voices and Black and Brown histories of organising, the paper explores the racialised, gendered, and classed character of reproductive activist labour in these spaces, evidencing the ways the notion of "political reproduction" breaks racialised and gendered constructions of political work. [ABSTRACT FROM AUTHOR]

What are the prospects for the upward harmonization of regulatory standards, and why do governments support or oppose more stringent supranational regulation? To answer these questions, this paper examines an important case of upward regulatory harmonization, the European Union's non‐financial disclosure Directive 2014/95/EU, which requires large firms to report on their social, environmental, and human rights impacts. In spite of favorable circumstances, the Directive's opponents watered down the Commission's proposal during the course of the negotiations. Upward regulatory harmonization is difficult because of the adjustment costs it imposes on the private sector. The paper provides an in‐depth analysis of countries' positions in the negotiations: Germany was the most hardline opponent, France the strongest supporter, and the United Kingdom was somewhere in‐between. For most countries, private sector adjustment costs determine government support and opposition for upward harmonization at the supranational level, but the analysis shows that partisan politics and varieties of capitalism also matter. [ABSTRACT FROM AUTHOR]

Contract violations are critical issues determining the success and sustainability of contract farming (CF). This paper challenges the common portrayal of the "powerful" company versus the "powerless" landowners/smallholders by using the literature on labour agency in global value chains to understand minor contract violations of contract farmers such, as side‐selling, refusal to harvest, and burning/felling of oil palm trees. This paper conceptualizes these violations as acts of minor agency or everyday acts of resistance. The analysis highlights how CF has created chains of dependency, in which smallholders are integrated into the modern market economy through new relations of debt and power. In response, contract farmers attempt to influence and shape the CF relation by using these different acts of minor agency. This paper finds that acts of minor agency, in the aggregate, can have important effects on contract relations, governance, and organizational structure of the chain and has the potential to lead to broader changes in the underlying social relations of contract. It highlights how individual acts of minor agency may contribute to the development of a consciousness of collective opposition to the contract relation. [ABSTRACT FROM AUTHOR]

Sweden has long been regarded as a 'model' for societal development. Recently, with the rise of an anti‐immigrant party and negative news coverage of crime, the image of a progressive Sweden has frayed. Positive models for societal development have existed in the past and included the United States during the heyday of modernization theory. This paper argues that positive models are useful, partly to crystallize options among the much‐debated varieties of capitalism, and partly as ideals which can be held up by social thinkers and publics as aspirations for the good society. This paper reviews the evolution of the Swedish model from a 'middle way' between Soviet communism and American capitalism to a welfare state under strain. It also examines how the Swedish model has been reinforced by its high international standing. The perceptions of Sweden abroad and domestically have changed in recent years. While these perceptions have correctly identified challenges not just for Sweden but also for other countries with similar problems, Sweden's government and civil society may be able to address them. The paper explores the lessons that can be learned from the current shortcomings and potential renewal of the strengths of the Swedish model, including its wider influence. [ABSTRACT FROM AUTHOR]

This paper is about the literary representation of supply chains: the political‐material pathways by which goods are produced and delivered to consumers. It considers the ethical and aesthetic problems posed by the fact that the daily lives of people living in consumer societies in the Global North are deeply dependent on material networks that sustain violent relations between people and with earth's ecologies. How can we be ethical global citizens when we are already material global subjects? The paper considers how literature confronts this ethical‐representational challenge, and asks whether literature might help us take responsibility over the material economic networks that structure our everyday lives. I examine two novels that make use of strikingly similar techniques for narrating their characters' immersion in globalized economies: Ben Lerner's 10:04 (2014) and Ling Ma's Severance (2018). Both novels strive to represent the incomprehensible global economy by calling attention to their inability to represent it. I argue that this technique—which I call the "supply chain sublime"—ultimately reflects the incapacity of current forms of collective political agency to manage our material lives. [ABSTRACT FROM AUTHOR]

The paper contributes to the recent geographical debates on the connection between dispossession and informality. Existing scholarship recognises that informality is an integral part of capitalism. Arguments reinforcing the formal–informal dichotomy dominate research on processes of dispossession. Drawing on analyses of the struggle of waste recyclers in Beijing, this paper conceptualises informal activities in relation to circuits of capital. It contends that theories of dispossession need to be extended in order to analyse processes of enclosure in the informal economy. The conclusion discusses the potential of reconceptualising dispossession as a variegated process operating both outside and within the capitalist space. [ABSTRACT FROM AUTHOR]

This paper provides a critical intervention into recent geographical debates on racial capitalism, interrogating the role that Housing Associations (HAs), the main form of UK social housing, play in its (re)production. Housing Associations are institutional, third‐sector spaces within which novel forms of financialisation and bordering take place. Race is central to these processes, but insufficient critical attention has been afforded to the intersections of class, race, and migratory status in extant research on UK HAs. Moreover, existing research into housing and racial capitalism is provincial in its North American focus, typically examining home ownership and private renting. We argue this is a significant lacuna given that new and multiple forms of racialised exclusion, inequality, and extraction cohere in social housing. There is accordingly a pressing need for a robust interrogation of racial capitalisms through UK HAs, and of the role of HAs via the conceptual lens of racial capitalism. In concluding, the paper argues for a new focus on 'actually existing' racial capitalisms, and the need for detailed analyses of the logics and practices of racial capitalisms across a variety of sites and scales, helping debates move beyond their conceptual heartland in North America. [ABSTRACT FROM AUTHOR]

Indigenous Peoples are gaining renewed attention within both policy and academia, as examples of “resilience” and of non‐humanist, non‐modern ways of relating to nature, which might, it is hoped, provide tools to withstand the socio‐ecological crises associated with “the Anthropocene”. This paper argues that such representations obscure both their own colonial foundations and the ongoing forms of racialised dispossession and ecocide faced by Indigenous Peoples today. Instead, we conceptualise indigeneity and nature as deeply entangled categories that are co‐produced with capitalist modernity. Engaging anti‐colonial and Marxist scholarship, and drawing on our long‐term research with Indigenous movements in Bolivia and Colombia, we highlight how discursive and material assemblages of indigeneity and nature are dialectically linked to capitalist processes of dispossession and subaltern efforts to contest these. We further highlight how romanticised accounts of non‐modern nature‐cultures are unsettled by the violent world‐making of colonial capitalism and the unequal burdens placed on Indigenous territories and bodies. We use an ethnographic vignette from the Bolivian Chaco to illustrate the messy everyday ways in which real Indigenous people navigate, contest, endure, and make do amidst the contradictory processes of racialisation, dispossession, and conditional recognition that characterise their positioning within colonial capitalism. In doing so, we show how thinking from the sacrifice zones of extractive capitalism unsettles contemporary debates on decolonising nature in the Anthropocene. [ABSTRACT FROM AUTHOR]

This paper analyzes the impact of "spirit of capitalism" on stationary welfare and stability properties of a one‐sector Ramsey economy, where the demand of money is motivated by a cash‐in‐advance constraint on consumption expenditures. Preferences are defined over consumption and capital stock. There is a monetary authority that follows either a money growth pegging rule or an interest rate pegging rule. When a money growth pegging rule is introduced, a unique steady state emerges. A slight desire for status is a sufficient condition for an increase in the money growth rate to exert a local stabilizing effect and to improve stationary welfare. When an interest rate pegging rule is introduced, two steady states may emerge: a "liquidity trap" and an "interior" steady state. Both steady states are locally determinate. Moreover, we show that a slight desire for status is also a sufficient condition to ensure that the stationary welfare at "interior" steady state is higher than the one of the "liquidity trap". It follows that an increase in the policy rate is, then, an efficient way to exit the "liquidity trap" steady state. Under similar conditions, a higher policy rate increases the stationary welfare at the "interior" steady state. [ABSTRACT FROM AUTHOR]

This article explores the growing connections between the Persian Gulf states and the heavily militarised Israeli innovation ecosystem. The Gulf actors now play an increasing role in support of Israel as a globally expanding 'Start‐up Nation', and are involved in transforming Palestinian land into a regional frontier of technology in the West Bank and East Jerusalem. Israeli‐Gulf cooperation and its impact on Palestinians, however, has not been thoroughly researched. Drawing from fieldwork among Palestinian and Israeli innovation elites, we map these growing connections between Gulf state actors and Israel and analyse how the occupied Palestinian territories are further enmeshed in complex networks of financial capitalist and settler colonial security interests. Theoretically, the paper advances the critique of the contemporary settler colonial frontier, venturing beyond its usual Eurocentric and binary geographies. We conclude that 'innovation' is both (a) the terrain of expanding structures of Israeli colonisation and (b) the site of productive ambivalences and novel forms of resistance in an evolving regional and global reality. This article explores the growing connections between the Persian Gulf states and the heavily militarised Israeli innovation ecosystem. The Gulf actors now play an increasing role in support of Israel as a globally expanding 'Start‐up Nation', and are involved in transforming Palestinian land into regional frontiers of technology in the West Bank and East Jerusalem. Drawing from fieldwork among Palestinian and Israeli innovation elites, we map these growing connections between Gulf state actors and Israel and analyse how the occupied Palestinian territories are further enmeshed in complex networks of financial capitalist and settler colonial security interests. [ABSTRACT FROM AUTHOR]

Current discussion on coloniality dismantles structures embedded in neoliberal capitalism that maintain and perpetuate social pathologies. Theories and praxes emerging from Abya Yala (North, Central, and South America) provide academic and nonacademic contributions to co‐construct community psychologies de otra manera (otherwise). These accountable ways of knowing and acting in cultural context and local place, become ways of making counterculture to inform decolonial community psychologies. The epistemologies of the Global South have produced invaluable teachings for transformative revisions of community psychology within frameworks that go beyond liberation and toward decoloniality. Activist women and decolonial feminists from the Global South, contest patriarchal rationality and universalism and co‐construct new ways of being, thinking‐feeling, sentipensar, and acting. Decolonial paradigms weave networks of solidarity with communities in their struggles to sustain Indigenous cosmovisions, delinking from western‐centric ideologies that are not anthropocentric and promote sustainability, epistemic and ecological justice, and Sumak Kawsay/Buen Vivir (wellbeing) that includes the rights of the Earth. This paper deepens into decolonial community psychologies from Abya Yala that are making the road caminando (walking) de otra manera by applying methodologies of affective conviviality with communities, sentipensando, and co‐authoring collective stories that weave pluriversal solidary networks within ecologies of praxes into colorful tapestries of liberation. These are the proposed coordinates to sketch pathways toward decoloniality. Key points: Committing to work with Indigenous communities means making community psychologies otherwise.This paper describes legacies and contributions from community psychologies in Abya Yala, epistemologies from the Global South, Indigenous psychologies, and feminist contributions.Decolonial community psychologies are co‐created with sentipensar, and affective conviviality.Building webs of solidarity with communities' struggles, sustaining their cosmovisions, and co‐authoring stories that delink from western‐centric ideologies within pluriversal ecologies of praxes.These are the proposed coordinates to co‐construct decolonial community psychologies to promote collective wellbeing that includes the rights of the Earth. [ABSTRACT FROM AUTHOR]

The recent implementation of unconventional monetary policies in advanced economies and the preparations for an eventual return to normalization have renewed the interest in spillover effects of monetary policy on emerging market economies. This paper estimates a series of VAR‐X models for a set of 10 emerging economies, that is, VARs in which U.S. policy enters exogenously. The contribution of this paper is (a) to use an identified shock component of the U.S. (shadow) federal funds rate as a consistent policy instrument for conventional and unconventional policies, (b) to account for changes in the transmission of U.S. monetary policy over time, and (c) to quantify asymmetries in the transmission of tightening and easing shocks. The results point to substantially nonlinear and asymmetric spillover effects, which pose challenges to policymakers. [ABSTRACT FROM AUTHOR]

Dominant narratives of the economy, as well as policy discourses in Papua New Guinea (PNG), tend to separate the 'formal' from the 'informal' economy. Concurrently, there is a development policy emphasis on women's economic empowerment. In urban areas this has meant a policy focus on larger market places as sites where women need support for economic engagement. Within these policy discourses, one activity in urban areas usually relegated to the 'informal' economy is small home‐based market stalls, referred to in this paper as haus maket. Located at homes or on nearby roads, haus maket are prolific and available to the public, and as such provide a similar function to public market places as spaces to make money. This paper considers these public yet intimate spaces as sites where vendors, usually women, embody and lead contestations between money and moral value spheres. At a time when the policy emphasis is on the formal economy and larger market places in PNG, why do such small market places persist? The first aim of this paper is to establish the role of haus maket as a site where spheres of value intersect. Rather than being 'informal' and peripheral, I seek to foreground its centrality to the economy but also as a site where economic and social moral values conflate. The second aim of the paper is to examine the role of sharing as a form of transaction in its own right distinct from exchange as a transaction between two actors. Haus maket stalls are sites of sharing and of moral action and value where forms of value in the settlement are shaped and negotiated. [ABSTRACT FROM AUTHOR]

Abstract: The paper critiques the relationship between personalist ethics and institutional economics, and accepts that institutional economics can be difficult to reconcile with humanistic management that builds on personalist ethics. Even so the paper connects impersonalist ethics with institutional economics. On this ground, the paper demonstrates how theory and practice of personalist humanist management can lean on impersonalist ethics, i.e., institutional economics. Three pathways are laid out for such leanings. It is argued that to understand these alignments is important to improve the success of humanistic management, when a market economy context is given. The paper further contends that personalist humanistic management may imply abandoning the market economy when it positions itself in opposition to institutional economic reasoning that underpins the market economy. [ABSTRACT FROM AUTHOR]

Background: German is exceptional in its use of noun capitalisation. It has been suggested that sentence‐internal capitalisation as in German may benefit processing by specifically marking a noun and thus a noun phrase (NP). However, other cues, such as a determiner, can also indicate an NP. The influence of capitalisation on processing may thus be context‐dependent, that is, dependent on other cues. Precisely this context dependency is investigated in the current study: Is there an effect of capitalisation on reading and is this affected by the presence of other cues such as a determiner (specifically, an article)? Methods: We ran an eye‐tracking study with 30 German‐speaking adults, measuring fixations during sentence reading. Critical NPs either contained correctly capitalised nouns or not and were presented either with or without a determiner. Results: The results show that both the presence of capitalisation on the noun and the presence of a determiner led to faster reading. When no determiner was present to signal the NP, the presence of noun capitalisation aided reading most. Conclusions: From these results, we conclude that the influence of capitalisation is indeed context dependent: Capitalisation aids processing most when no other cue is present. Thus, different cues play a role in NP recognition. Based on these findings, we argue that noun capitalisation should not be studied in isolation. We argue that a better understanding of capitalisation as a reading aid is relevant for teaching reading strategies. Highlights: What is already known about this topicGerman has the quite exceptional characteristic of sentence‐internal capitalisation of all nouns.The function of sentence‐internal capitalisation is controversial. What this paper addsThis study experimentally shows that capitalisation and presence of an article conspire in NP recognition in German.We find that capitalisation aids processing. This effect is strongest when no determiner is present. Implications for theory, policy or practiceWe argue that possible reading aids for NP recognition (like capitalisation, articles and adjectives) should not be studied in isolation.Investigations of these aids and how they may interact should also be done for other languages.A better understanding of capitalisation as a reading aid is relevant for teaching reading strategies. [ABSTRACT FROM AUTHOR]

How does the digitisation of the ocean reconfigure capitalist, colonial, and environmental relations? What analytic tools allow us to trace their intersecting dynamics? These are the central questions that we take up through an examination of smart oceans governance along the west coast of Canada, where the state is developing new institutional partnerships to manage the expansion of fossil fuel infrastructure across unceded Indigenous lands and waters. In this context, laden with environmental risks and resurgent anti‐colonial politics, state actors are implicating smart oceans governance in efforts to harmonise capitalist growth with sustainability mandates and the 'recognition' of Indigenous self‐determination. Our analysis draws on environmental state theory, critical indigenous studies, and human geographies of the ocean, to analyse interviews, Access to Information requests, scientific studies, and policy reports. Our findings suggest that smart oceans governance poses novel risks to Indigenous peoples and their distinctive 'seascape epistemologies'. At the same time, we observe in this medium new limits to the state's ability to consolidate settler colonial authority and extend possessive colonial entitlements to Indigenous lands and waters. First Nations are also engaging with smart oceans governance in ways that assert 'Indigenous data sovereignty', help chart their own political and territorial ambitions, and carve out meaningful spaces of Indigenous marine stewardship. A comprehensive overview of the politics of smart oceans ‐ that is, ensembles of data intensive sensing tools and associated marine governance practices. The paper draws examples from the west coast of Canada where it finds new risks to First Nations governance but also moments where smart oceans governance is being leveraged by communities to support their political goals. [ABSTRACT FROM AUTHOR]

This paper explores trade union collective voice as a mechanism for worker participation in training decision making. New Zealand is an example of a liberal market economy (LME) with relatively weak regulatory pressure on employers to engage in training. Consequently, drivers such as trade union collective voice could fill an important role in workers securing support for training from their employers. The paper argues that given the reduced power of unions in many LMEs workers potentially face a twofold challenge: the first to secure an entitlement to training and the second to have any further participation in training decision making. Using the example of New Zealand, the paper examines whether collective bargaining secures entitlement to training. Then, employing the categorization of approaches to workforce development as either expansive or restrictive, it investigates the nature of that entitlement. Following this, the paper reports on dialogue with trade unions through which a more nuanced picture emerges of collective voice and the challenges to worker participation in training decision making. Finally, it reflects on the role collective voice could play in worker access to training. [ABSTRACT FROM AUTHOR]

This paper analyzes the drivers of net private capital flows to emerging market economies (EMEs), focusing in particular on the policies of the Federal Reserve. We argue that the role of the Federal Reserve in EME capital flows has been smaller than popularly believed. We first show that the run‐up in capital flows to EMEs predated the loosening of Fed policy, while flows slowed substantially between 2010 and 2015, even as the Fed's quantitative easing program continued to add to monetary stimulus. Both the initial surge in capital flows to EMEs and their subsequent decline are better explained by swings in commodity prices and EME output growth, a linkage which we confirm through panel data regressions on capital flows to 20 major EMEs. The anticipation of the normalization of Federal Reserve policy appears not to have played a predominant role in the decline of capital flows to EME between 2010 and 2015. [ABSTRACT FROM AUTHOR]

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This paper engages with the long‐running debate on the transition from farm‐based livelihoods to capitalism in the context of labour migration. Tracing the historic evolution of modes of production in the peripheral Mithilanchal region of the Eastern Gangetic Plains, it notes how the economic processes which are today driving the peasantry into the labour force through migration are not directly connected to the process of capitalist accumulation in the diverse locales where labour is employed, as is somtimes implied in the research on classic situations of "accumulation by dispossession". The entry of the peasantry into the surplus labour pool is instead linked firstly, with a complex convergence of internal changes within a non‐capitalist feudal mode of production on an economic, cultural and political level, and secondly, with the stresses brought about in the wake of expanding capitalist markets. The paper notes however that migrant labour still generates substantial profits for capitalism with a sharing of surplus between the latter, and landlord‐money lenders. It argues that the relationship between modes of production in this context, is neither functional nor coincidental, and is linked instead with larger – at times opportunistic – class alliances which have evolved to fit the current political‐economic conjuncture. [ABSTRACT FROM AUTHOR]

Summary: This paper creates a market ecosystem, via an agent‐based model, that combines the dynamic features of the Red Queen effect with well‐accepted business world performance indicators. Essentially, firms are tasked with remaining ‘alive’ by adapting to their environment through implementing a competitive response of innovating or imitating. An analysis of the firms’ behaviours delivers a deep understanding of the drivers of innovative behaviour within the economy. The key findings of the paper are (1) that concentrated markets are not entirely detrimental to innovative behaviour, with the blend of firm type being a more important consideration, and (2) that the rate at which an innovation impairs existing markets affects the activity levels of the firms within the population. The model's results are validated against a matching study based on real‐world data. [ABSTRACT FROM AUTHOR]

Abstract: This paper considers the power of abstract formalization in capitalism, via an account of the politics and geography of an equation. The equation in question lies behind the Phillips curve, which describes the relation between price inflation and unemployment or output. I examine the evolution of the equation and its relation to macroeconomics' renewed emphasis, since the late 1960s, on long‐run monetary neutrality. Considering the Phillips curve and its theoretical and technical armature as social practice, I discuss some of the political and distributional questions that arise from the mode of spatial and temporal abstraction particular to modern macroeconomic analysis and policy‐making. The paper has three parts: a brief history of the Phillips curve, an examination of its modern equation‐form, and an analysis of its part in the dialectical process of “real abstraction”, through which logical space and time prioritize and produce both the spatial “macro” and the temporal “long‐run”. [ABSTRACT FROM AUTHOR]

Even though densification and social mixing are declared objectives of many nowadays urban planning paradigms, their simultaneous implementation is usually questioned by different actors and is not frequent in practice. In a market economy, understanding potential demand for this class of development, from different types of households, is essential to define public policies oriented to achieve both compact development (CD) and social mixture. To understand the preferences of households and potential demand, we implement a location choice model based on a bid–rent framework and spatial latent classes (LC), using census data and location attributes. By using spatial LC, we do not impose exogenous definitions of which zones are perceived as CD or suburban, rendering a robust method to identify variation in preferences. We apply the model to Santiago de Chile, where social mixing in dense and well‐located areas is being intensely discussed. We find strong differences in households' valuation of attributes between spatial classes. Results show that social mixing is more difficult in dense, well‐connected areas than in suburban areas because higher‐income households are more sensitive to the socioeconomic context of the location in compact areas. Besides showing evidence on household preferences and their implications for social‐mixing policies, this paper also provides a proof of concept for the use of spatial LC (proposed in previous work by the authors), showing this is a robust methodology allowing to generate behavior‐based classifications for urban areas. The paper also contributes methodologically, by deriving the elasticity formulation for bid‐auction location choice models, which allows quantifying the importance of location attributes in location probability. [ABSTRACT FROM AUTHOR]

In Three Worlds of Welfare Capitalism, Gøsta Esping‐Andersen, using decommodification as a basis, classified advanced capitalist countries into liberal, conservative‐corporatist, and social‐democratic welfare regimes. Subsequently, Ann Shola Orloff deemed his approach gender blind, and dimensions such as access to paid work and the capacity to form and maintain an autonomous household were added to the existing variables of state–market relations, stratification and social citizenship rights. Based on Orloff's theoretical propositions, this paper develops the decommodification measures to classify middle‐income countries (MICs). The paper classifies MICs into five clusters based on hierarchical cluster analysis using variables such as GDP per capita, female labour force participation, availability, duration and wage replacement levels and providers of maternity leave benefits and availability of childcare services, legislation on sexual harassment, marital rape and domestic violence, protection orders, the availability of legal aid for civil and criminal matters and the proportion of seats held by women in parliaments. [ABSTRACT FROM AUTHOR]

The article examines the nature of bank money on two complementary levels. The first level deals with theoretical considerations. Here, the departure point is Social Positioning Theory, which provides a framework to investigate the nature of money. Within the theory, the paper situates bank money in credit‐debt relations, that are themselves integral part of a wider productive‐consumptive nexus of the economy. In this perspective, bank money is the relation, accounting economic positions of participating members, resulting from their economic activities realized within the context of the overall society. The second level uses the methods of Oral History and Memory Studies and, through semi‐structured interviews, provides empirical material illustrating ideas about the nature of money in a specific historical form. The article thus explores the contrasting experiences of banking in the context of a centrally planned economy and banking in the transformation to a market economy. These two contrasting episodes are illustrative because of the significant change in the form of bank money, which brings to light various aspects of its nature. Moreover, the article utilizes interviews that present the lived experience of bankers with years of involvement in the sector, enriching the perspective on the issue under study. [ABSTRACT FROM AUTHOR]

This paper challenges the prevailing view of the negative impact of collective bargaining decentralisation on trade unions in liberal market economies. It uses quantitative and in‐depth company cases from four major sectors in Ireland, to explain how unions have effectively established bargaining coordination following the global financial crisis. [ABSTRACT FROM AUTHOR]

The global fisheries sector has undergone both rapid industrialization and considerable resource depletion. Unlike fisheries in the Northern Hemisphere, the Indonesian (and indeed Southeast Asian) sector is still largely dominated by small‐scale producers, who are partially embedded within a subsistence economy. Changes in the nature of production and livelihoods in the fisheries sector appear similar to those in land‐based agriculture but have received far less attention in the literature and demand further analysis given the distinct characteristics of the natural resource base. Using national datasets complemented by insights from a two‐month period of fieldwork in South Sulawesi, this paper presents the process of capital intensification underpinning national fisheries growth and how it is transforming small‐scale production systems. Despite increasing market integration, we found that smallholders have persisted across coastal production systems to an even stronger degree than land‐based agriculture. We suggest some reasons why this is so. However, we also observed evidence of internal class differentiation within coastal communities. Such differentiation, combined with resource degradation and depletion, exposes the poorest in the community to enhanced livelihood vulnerability. [ABSTRACT FROM AUTHOR]

In this paper, we survey the expanding body of literature on the Belt and Road Initiative (BRI) in Chinese and Anglophone geography, and locate the main lines of development. The emerging scholarship approaches the BRI as a spatial discourse and examines the production of geographical reasoning in statecraft. It also links up with studies of the BRI as both a material project and an everyday experience. We argue that it is in this combined understanding of BRI's multiple registers, as discourse, project, and experience, that a trilectical approach for future geographical engagement can be identified as the BRI edges to its second decade. [ABSTRACT FROM AUTHOR]

Although capitalism is now widely seen to be the world's only remaining form of political economy, most discussion of capitalism is vague regarding what it is and gives it little analytical importance. In this paper, I attempt to determine whether two more explicit conceptions of capitalism– those of Ellen Meiksins Wood and Hernando de Soto– can shed any light on the literature on rural smallholder commodity production in the Asia Pacific, and vice versa. I use the papers collected in this volume to analyse the relevance of‘market dependence’ (Wood) and the various‘mysteries of capital’ (de Soto) for agrarian relations in the Asia Pacific. The paper tries to point towards a definition of capitalism that distinguishes it from such related terms as commercialisation, markets, and globalisation. [ABSTRACT FROM AUTHOR]

As today, it is more and more the digital that groups and amasses us, this paper turns to Sigmund Freud's Mass Psychology and the Analysis of the 'I' to address a range of questions: what is the social (the group); what is its relation to the herd (or the mass); what is an individual; what is the latter's relation to the social and/or to the mass; and what, if anything, changes on all these levels in digital times? To answer these questions, the following claims are made: psychoanalysis is not an individual psychology, psychoanalysis is not a social psychology—psychoanalysis is a mass psychology. The paper first scrutinises how Freud's subversion of the traditional question 'how does a mass become a group?' eventually positions the figure of the Leader at the junction of subjectivity and intersubjectivity. From here we move to Jacques Lacan and two of his early writings in which he tries to conceive of leaderless groups and of subjectivation beyond the reference of the Father ('Logical Time and the Assertion of Anticipated Certainty: A New Sophism' and 'British Psychiatry and the War'). On the one hand, this allows to assess the current digital massification processes. On the other hand, the fact that we conclude that psychoanalysis itself cannot offer an algorithmisable model of the becoming on (inter)subjectivity, should be our prompt to take a political stance. [ABSTRACT FROM AUTHOR]

The activity of the Shadow Banks in China has been the subject of considerable interest in recent years. Total shadow banking lending has reached over 60% of GDP and has grown faster than regular bank lending. It has been argued that unregulated shadow banking has fuelled a credit boom that poses a risk to the stability of the financial system. This paper estimates a model of the Chinese economy using a DSGE framework that accommodates a banking sector that isolates the effects of lending to the private sector including shadow bank lending. A refinement of the model allows for bank lending including lending by the shadow banks to affect the credit premium on private investment. The main finding is that while financial shocks are significant, it is real shocks that dominate. The model is used to simulate the frequency of growth slowdowns in China and concludes that these are more likely to be driven by real sector shocks rather than financial sector, including shadow bank shocks. This paper differs from other applications in its use of indirect inference to test the fitted model against a three‐equation VAR of inflation, output gap and interest rate. [ABSTRACT FROM AUTHOR]

This paper opens up a novel geographical research agenda on building transitions beyond the capitalist present. It brings into conversation two previously disconnected areas of academic debate: socio-technical transition studies and more radical work on post-capitalism. The paper offers empirical evidence of real-life socio-spatial practices that build postcapitalist socio-technical transitions through a case study of the daily experiences, motives and values of residents in a community-led cohousing project in the UK. I begin by exploring definitions around post-capitalism and transition thinking, and then introduce the notion of the urban commons to point towards the geographies of post-capitalist transitions and illustrate the kinds of social and spatial relations that underpin them. The paper then provides empirical substance for a geographical agenda around post-capitalist transitions through the case study, highlighting themes of experimentation, transformation and direct democracy. The paper concludes with some strategic future reflections and makes a claim for a geographical research agenda that elaborates the possible radical geographies and place imaginaries of post-capitalist transitions in our teaching, research and policy work. Unless geographers forge direct and necessary links between transitioning and moving beyond capitalism, our ability to take decisive and meaningful action on the challenges that lie ahead will be limited. [ABSTRACT FROM AUTHOR]