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Please see below a call for papers for a stream entitled ‘Political economy
, value and valuation: advancing contemporary critiques of capitalism and
exploring alternatives’ at the Critical Management Studies conference
<https://www.edgehill.ac.uk/business/cms2017/>, Edge Hill University,
Liverpool, 3rd-5th July 2017.

Please send all abstracts and enquiries about potential submissions to the
convenors. Deadline for abstracts is TUESDAY 31ST JANUARY2017.

Please share widely! We look forward to receiving your submissions.

POLITICAL ECONOMY, VALUE AND VALUATION: ADVANCING CONTEMPORARY CRITIQUES OF
CAPITALISM AND EXPLORING ALTERNATIVES

Critical Management Studies 2017, Edge Hill University, Liverpool 3rd-5th
July 2017

CONVENERS

PATRIZIA ZANONI, Faculty of Business Economics, Hasselt University,
[log in to unmask]

FREDERICK HARRY PITTS, Dept of Social & Policy Sciences, University of Bath
[log in to unmask]

BOBBY BANERJEE, Cass Business School, City University London,
[log in to unmask]

FABIAN FRENZEL, School of Business, University of Leicester,
[log in to unmask]

The acceleration of value extraction processes in contemporary global
capitalism have renewed the interest of critical research in political
economy (Boehm and Land, 2012; Levy and Spicer, 2013) as a lens to the
theorize how capitalism produces inequality, destruction, new forms of
exploitation and control, the commodification of ever greater spheres of
life and work, the deprivation of rights, of gainful labor, of freedom of
thought and belief (eg Robinson, 2014). For instance, scholars have shown
how capitalism relies, for capital accumulation, on the financialization of
the economy and society at large (Epstein, 2005; Erturk et al, 2010; Marti
and Scherer, 2016; Veldman & Willmott, 2015), the massive dispossession and
accelerated depletion of natural resources (Banerjee, 2008; Harvey 2015;
Moore 2015), the expansion of industries geared towards the commodification
and rapid circulation of goods and services (Pitts 2015), new workplace
regimes of measurement and technological control (Pitts 2016a), rising
inequalities within the labor force along hierarchy, gender, ethnicity,
(dis)ability and age (Cobb, 2015; Goldstein, 2012; Shin, 2014; Siebers,
2011; Varman and Al-Almoudi, 2016; Zanoni, 2011), and class-based
exploitation in global production chains (Alamgir and Cairns, 2015; Pickles
and Smiths, 2015; Reinecke, 2010; Safri, 2015; Wright, 2006).

While theoretically and empirically multifarious, this research shares a
scholarly interest in how economic value is created and attributed to
people, resources, organizations, goods and services in the social
processes of valuation, or “any social practice where the value or values
of something is established, assessed, negotiated, provoked, maintained,
constructed and/or contested” (http://valuationstudies.liu.s
e/About/default.asp). This rising interest is reflected in a surge in
journal articles, edited volumes, special issues, and the recent launch of
the dedicated journal Valuation Studies advancing our knowledge of how value is
socially established in fields ranging from financial markets to global
value chains, natural resources, the cultural industries, and virtual
spaces. Together, these bodies of research have greatly contributed to the
de-naturalization of value as ‘objective’ and ‘automatically’ generated
through market mechanisms and reflected in prices, which still underpin
much of economics.

Drawing on sociological theory on economies of worth, a large body of
research has focused on uncovering different orders of evaluation and how
they become institutionalized, shaping the meaning of the world and
legitimizing the status quo (Beckert & Aspers, 2011; Berthoin, Hutter and
Stark, 2015; Boltanski & Thevenot, 2006; Stark, 2011). Others have focused
on the specific role of technical devices, such as accounting principles
(Bryer, 2012), computer algorithms, information systems (Funk and
Hirschman, 2014; Callon et al., 2007; Kornberger et al., 2015). Yet others
have more explicitly drawn on political economy, showing how revenues to
the factors of production are not automatically determined but are, rather,
captured in a political process of claim-making (Blyler and Coff, 2003;
Bowman and Ambrosini, 2010) as valuecreation originates in interactions,
making it impossible to ‘objectively’ allocate portions of captured
revenues to the parties involved: the cutting is done by both sides of the
scissors (Bowman, 2012). Value is also at stake theoretically in the latest
revisionist attempts to rethink Marx’s critique of political economy for
the 21st century. On one hand, the New Reading of Marx rediscovers the
foundations of Marx’s theory of valueto generate new insights into the
relationship between labour, organisation, commodities and value (Heinrich
2012). On the other, the increasingly influential postoperaist current
posits a crisis in the measure of value afflicting capitalism in an age of
immaterial labour (see Pitts 2016b).

AIM OF THE STREAM

The aim of the stream is to provide a forum for research which, broadly
drawing on political economy, theorizes and/or empirically investigates
value and valuation processes and their effects on specific individuals,
groups, organizations, life worlds and their mutual relations. We welcome
contributions drawing on various traditions of research and disciplines.

Questions to be addressed include, but are not limited to:

- Which symbols and vocabularies are deployed to legitimize rising levels
of inequality? Which ideologies are today rather used to question
inequality?

- Historical analyses comparing the material and ideological aspects of
contemporary capitalism with the past.

- Analyses of the relation between production and consumption.

- How do valuation processes exacerbate inequalities within the labour
class across economic geographies, professional definitions,
socio-demographic identities (e.g. gender, ethnicity, age, disability,
sexual orientation), and productive-reproductive spheres? How would
alternative valuation processes look like?

- How do we grasp value in theory? What critical theoretical resources do
we have at our disposal to confront the world of value andvaluation? What
are the opportunities and limitations of the Marxist inheritance, and
critical political economy more generally, in analysing new forms of
value extraction
and creation?

- Which imaginaries and subjectivities foster environmentally sustainable
production and consumption practices? How do they do so?

- What alternative economic imaginaries, organizational practices and
institutions foster more equitable (global) processes of valuation and value
 distribution?

A PDF of the call, with a full list of references, is available at the
conference website: https://www.edgehill.ac.uk/business/files/2016/11/35-
Stream-proposal-Political-economy2c-value-and-valuation-IC
MS-2017_submitted-1-1.pdf.


---

Dr Frederick Harry Pitts

Unit Director, SOCIM0021 Theories of Capitalism & Postcapitalism

Assistant Teacher, EFIM10012 Global Business Environment

Faculty of Social Sciences & Law, University of Bristol

academia <http://bath.academia.edu/frederickhpitts> | blog
<http://themachineintheghost.blogspot.co.uk/> | linkedin
<https://www.linkedin.com/in/frederick-harry-pitts-10a69768> | twitter
<https://twitter.com/fhpitts> | facebook
<http://www.facebook.com/frederickharrypitts>

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