Rentiership and Intellectual Monopoly in Contemporary Capitalism: Conceptual Challenges and Empirical Possibilities

dc.contributor.authorBaines, Joseph
dc.contributor.authorHager, Sandy Brian
dc.date.accessioned2023-05-27T19:14:38Z
dc.date.available2023-05-27T19:14:38Z
dc.date.issued2023
dc.description.abstractThe concepts of rentiership and intellectual monopoly have gained increased prominence in discussions about the transformation of global capitalism in recent years. However, there have been few if any attempts to construct measures for rentiership and intellectual monopoly using firm-level financial data. The absence of such work, we argue, is symptomatic of conceptual challenges in delineating what precisely qualifies as rent, intellectual or otherwise. In place of static conceptions of rent and intellectual monopoly, we develop a dynamic framework for analyzing the processes of rentierization and intellectual monopolization and apply this framework to the analysis of the transformation of non-financial firms in the United States since the 1950s. We find that the timing and intensity of rentierization and intellectual monopolization differs significantly across sector and firm size and is heavily mediated by the uneven ramifications of government policy across companies and industries. Overall, our framework illuminates the variegated landscape of corporate power in the US, and offers a useful guide for critically interrogating rentierization and intellectual monopolization in other contexts.en_US
dc.identifier.citationRentiership and Intellectual Monopoly in Contemporary Capitalism: Conceptual Challenges and Empirical Possibilities. Baines, Joseph and Hager, Sandy Brian. (2023). City Political Economy Research Centre Working Paper Series. No. 2023-04. May. pp. 1-43. (Article - Working Paper; English).en_US
dc.identifier.urihttp://hdl.handle.net/10315/41164
dc.language.isoenen_US
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.articlehttps://t.co/naPQREoLRQen_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectcapital accumulationen_US
dc.subjectcompetitionen_US
dc.subjectdegree of monopolyen_US
dc.subjectfinancializationen_US
dc.subjectintangiblesen_US
dc.subjectintellectual propertyen_US
dc.subjectproductivityen_US
dc.subjectprofiten_US
dc.subjectUnited Statesen_US
dc.subjectrenten_US
dc.subjectscarcityen_US
dc.titleRentiership and Intellectual Monopoly in Contemporary Capitalism: Conceptual Challenges and Empirical Possibilitiesen_US
dc.typeArticleen_US

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