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Arghiri Emmanuel

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1021:. By contrast, the boom of the 'thirty glorious' post-war years indicated that this normal functioning had somehow been evaded, and Emmanuel now offered the institutionalised rise in wages, plus a policy of permanent inflation, as the principal stimulant directing the boom in investments. Since neither the wage- nor the consumption levels of the well-off countries could be internationally equalised - upwards for both ecological reasons and because it would eat up all profits, and downwards for political reasons in the same rich countries - unequal exchange was the necessary consequence, in a sense saving the capitalist economy from itself. 161: 376: 66: 860:) (nor by Stalin), to whom it came rather inconveniently, and it was soon put down by British troops and Emmanuel sentenced to death by a Greek court-martial in Alexandria. The mutiny appears to have been directed more immediately against the return of the monarch, so that participation does not in itself suggest communist or Marxist leanings, rather than merely republican, although in Emmanuel's case this would seem probable. 25: 872:, but when the situation hardened in 1957, he prudently departed for France. Observations from the Congos appear frequently in his writings and can probably help explain the peculiarity of his approach and its differences to common French Marxism. After some years as an art student, and in the context of the publication of 807:
Not much is known about Emmanuel's whereabouts in the years before moving to France. He was born in Patras, Greece, the son of Charalambos Emmanuel and Katina (born Menounou). Studied at the High School of Economics and Commerce from 1927 to 1932 and then at the Faculty of Law until 1934, from where
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By the end of 1945 he was pardoned and returned to the Belgian Congo, where there now had grown a small community of Greeks and Portuguese, in addition to the African and Belgian ones. Here, too, he participated in debates: on colonists and against the common accusation for illegitimate profits on
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is evidenced in a 1937 article on 'psychoanalysis as a global theory and dialectical materialism', and yet another on gold as an 'unwelcome immigrant' perhaps links to a long-standing concern with gold and the special economic role of the money commodity. No published record of membership in a
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1966b. "La Division internationale du travail et le commerce exterieur des pays socialistes," in idem, La Division internationale de travail et le marchĂ© socialiste, pp. 1–35. Also "Appendice", pp. 1–7. ProblĂšmes de planification, No. 7, Sorbonne: Centre d'Étude de Planification
975:. Emmanuel was not late to point out that his theory fitted well with the observed absence of such solidarity, particularly between high- and low-wage countries, and, in fact, made the nationally enclosed workers movements into the principal cause of unequal exchange. 894:, the same is not evident for Emmanuel. In addition, many other differences were visible from the start, such as Bettelheim's desire to make unequal exchange due to wage differentials a subcategory of unequal exchange due to differences in 'organic composition' (i.e. 1077:, Vol. I, No. 73(May–June): 35–57. (Orig. in French as "Le colonialisme des "poor-whites" et le mythe de l'impĂ©rialisme d'investisement" in L'Homme et la sociĂ©tĂ©, No. 22, 1971; also in Emmanuel 1985, Ch. 1, pp. 1–43, including a debate with Suzanne de Brunhoff.) 898:), which was common enough to Marxist understanding and continues to be the focus of modern 'developments' of the theory of unequal exchange. This distinction was also the cause of some confusion when the theory was eventually debated in the 1056:
1970b. "The Delusions of Internationalism." Monthly Review: An Independent Socialist Magazine, Vol. 22, No. 2(June): 13–19. Uncut trans. B. Pearce of Emmanuel 1969b; together with Bettelheim 1970 as "International Solidarity of Workers: Two
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Arghiri Emmanuel, E. Somaini, L. Boggio, & M. Salvati, 1975 (orig. 1973). Un débat sur l'échange inégal: Salaires, sous-développement, impérialisme. Paris: François Maspero. (Trans. from the Italian by M. C. Paoletti & A.
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While his later works clearly identify him as a Marxist or communist of sorts, it is still uncertain when and under which circumstances he began considering himself as such. Publishing articles at least from 1928, an interest in
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1966c. "Le Prix mondial et le marchĂ© international socialiste," in idem, La division internationale du travail et le marchĂ© socialiste, pp. 1–15. ProblĂšmes de planification, No. 7, Sorbonne: Centre d'Étude de Planification
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1970d. "La question de l'Ă©change inĂ©gal", L'homme et la sociĂ©tĂ©, Vol. 18, No. 4, pp. 35–59. (Excepting introduction and ending , also in Emmanuel 1972a, "Appendix V: Some Keenly Contested Points",
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Arghiri Emmanuel & Charles Bettelheim, 1962. Échange inĂ©gal et politique de dĂ©veloppement, ProblĂšmes de planification, No. 2, Sorbonne: Centre d'Étude de Planification Socialiste.
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behalf of colonial merchants (to whom Emmanuel and commonly other Greeks belonged). He may even have been in contact with the liberation movement to be organised around
1009:. In Emmanuel's view, because selling had to take place without the income generated by the sale itself, there was a permanent excess of (the value of) goods over (the 1053:
1970a. "DĂ©mystifier les antagonismes entre les nations." Politique aujourd'hui, No. 1(Jan.): 78–94. (Trans. in Emmanuel 1972, Appendix IV, pp. 357–72, 378–83.)
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1977. "La contradiction interieure du mode de production socialiste." Socialism in the World (Belgrade, Tribune internationale etc.), No. 7: 108–111.
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1972a. Unequal Exchange: A Study of the Imperialism of Trade. (Trans. of Emmanuel 1969a by B. Pearce.) New York & London: Monthly Review Press.
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1969b. "Le Prolétariat des nations privilégiées participe à l'éxploitation du 'Tiers monde'." Le Monde, Supplément au numéro 7722, 11 Nov., p. iv.
1017:. This obliged the economy to function below its full potential and made it prone to crises such as the one he had himself experienced during the 1246: 1142:
1988. "Le Surcroit d'endettement des pays Ă  monnaie internationale: ses limites et ses contradictions". Économie et SociĂ©tĂ©, Nos. 6-7: 113–127.
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1969a. L'échange inégal: Essais sur les antagonismes dans les rapports économiques internationaux. Paris: François Maspero.
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1976., "The Multinational Corporations and Inequality of Development", International Social Science Journal 28(4): 754–765.
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in the Middle East, and was active in the April 1944 left-wing uprising of the Middle Eastern forces against the
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1978a. "Gains and Losses from the International Division of Labour." Review, Vol. 1, No. 2, pp. 87–108.
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the cause (and thereby justification) of higher wages, and 'monopolies' the cause of unequal exchange.
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1984. Profit and Crises. (Trans. of Emmanuel 1974a by N. P. Costello) New York: St. Martin's Press.
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Emmanuel's theory of unequal exchange was part of a more comprehensive explanation of the post-war
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1980. "Le 'prix rĂ©munĂ©rateur': Épilogue Ă  l'Ă©change inĂ©gal." Revue Tiers-Monde, 21(81): 21–39.
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1978b. "A Note on 'Trade Pattern Reversals'." Journal of International Economics, 8: 143–145.
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1970c. "Échange inĂ©gal et dĂ©vĂ©loppement inĂ©gal", Politique aujourd'hui, No. 11(Nov.): 75–90.
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Arghiri Emmanuel, 1962. "Échange inĂ©gal," in Emmanuel & Bettelheim 1962, pp. 1–32.
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1966a. "Le taux de profit et les incompatibilitĂ©s Marx-Keynes." Annales, 21(6): 1189–1211.
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1982 (orig. 1981). Appropriate or Underdeveloped Technology? (Trans. T. E. A. Benjamin.)
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policies closed the traditional Greek safety vault, and under the yoke of depression and
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to do so as only half-hearted attempts. It stated, contrary to the then conventional
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communist party is familiar, and it was uncommon in Greece until the
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By contrast, all subsequent versions of the theory such as those by
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1975a. "Unequal Exchange Revisited." IDS Discussion Paper, No. 77,
1072:"White-Settler Colonialism and the Myth of Investment Imperialism." 561: 964: 952:, not the other way around, and, contrary to the assumptions of 1170: 1080:
1974a. Le profit et les crises. Paris: François Maspero et Cie.
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The Bias of the World: Theories of Unequal Exchange in History
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1964. "El intercambio desigual", Revue Economica, Havana, Feb.
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The theory was an attempt to explain the falling trend in the
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1985. La dynamique des inĂ©galitĂ©s. Paris: Éditions Anthropos.
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who became known in the 1960s and 1970s for his theory of '
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circles was the theory's implications about international
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in Cairo. In fact, the uprising was not supported by EAM (
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he went on to work in commerce in Athens until 1937.
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In 1942, Emmanuel volunteered for the 829:sense and as a supporter of centralised 82:Relevant discussion may be found on the 1114:"The State in the Transitional Period." 1013:of) income in the normal workings of a 1247:Prisoners sentenced to death by Greece 1194: 1159: 1129:, Brisbane, Toronto, & Singapore: 1024: 154: 59: 18: 1090:, Vol. I, No. 85 (May–June): 61–82. 13: 1227:Greek prisoners sentenced to death 14: 1268: 1252:Recipients of Greek royal pardons 724:Primitive accumulation of capital 34:This article has multiple issues. 998:, have preferred to make higher 994:, and almost every critic since 946:Heckscher-Ohlin-Samuelson theory 819:Resistance years of World War II 635:How Europe Underdeveloped Africa 374: 334:École Pratique des Hautes Études 159: 75:relies largely or entirely on a 64: 23: 469:Uneven and combined development 42:or discuss these issues on the 1212:20th-century French economists 1: 704:Global North and Global South 449:Ecologically unequal exchange 802: 7: 960:correspondingly equalised. 954:Ricardo's comparative costs 621:The Accumulation of Capital 10: 1273: 1153: 917: 833:, even on a global scale. 719:Prebisch–Singer hypothesis 1222:Greek emigrants to France 879:The Wretched of the Earth 858:National Liberation Front 788: 349: 339: 327: 322: 318: 307: 299: 277: 252: 245: 930:underdeveloped countries 168:This article includes a 914:Unequal exchange theory 850:Greek Liberation Forces 825:-Marxist', both in the 699:Illicit financial flows 197:more precise citations. 827:historical materialist 1160:Brolin, John (2006). 1131:John Wiley & Sons 557:Mirsaid Sultan-Galiev 1169:(PhD dissertation). 1127:Chichester, New York 1095:University of Sussex 992:Paul Antoine Delarue 838:American immigration 694:Economic development 602:Immanuel Wallerstein 431:World-systems theory 88:improve this article 1257:Writers from Patras 1232:Imperialism studies 1112:1979 (orig. 1977). 1025:Select bibliography 854:government-in-exile 522:John Bellamy Foster 421:Three Worlds Theory 368:Imperialism studies 323:Academic background 1237:Marxian economists 1064:pp. 387–418.) 1007:capitalist economy 996:Charles Bettelheim 988:Jan Otto Andersson 885:Charles Bettelheim 527:Andre Gunder Frank 502:Charles Bettelheim 411:Social imperialism 344:Charles Bettelheim 170:list of references 103:"Arghiri Emmanuel" 1242:Marxist theorists 1184:978-91-628-7022-5 973:worker solidarity 896:capital intensity 831:economic planning 793:Marxian economist 789:Î‘ÏÎłÏÏÎ·Ï‚ Î•ÎŒÎŒÎ±ÎœÎżÏ…ÎźÎ» 778: 777: 709:Lumpenbourgeoisie 670:Naked Imperialism 537:Rudolf Hilferding 454:North–South model 426:Ultra-imperialism 416:Super-imperialism 391:Dependency theory 353: 352: 340:Academic advisors 281:December 14, 2001 241: 240: 233: 223: 222: 215: 153: 152: 138: 57: 1264: 1188: 1168: 1019:Great Depression 1011:purchasing power 920:Unequal exchange 797:unequal exchange 790: 781:Arghiri Emmanuel 770: 763: 756: 656:Monopoly Capital 517:Arghiri Emmanuel 512:Nikolai Bukharin 492:Giovanni Arrighi 459:Unequal exchange 401:Neo-Gramscianism 396:Intercommunalism 378: 355: 354: 313:unequal exchange 284: 262: 260: 247:Arghiri Emmanuel 243: 242: 236: 229: 218: 211: 207: 204: 198: 193:this article by 184:inline citations 163: 162: 155: 148: 145: 139: 137: 96: 68: 60: 49: 27: 26: 19: 16:French economist 1272: 1271: 1267: 1266: 1265: 1263: 1262: 1261: 1217:French Marxists 1192: 1191: 1185: 1175:Lund University 1166: 1156: 1117:New Left Review 1088:New Left Review 1075:New Left Review 1027: 950:relative prices 922: 916: 842:General Metaxas 836:Changes in the 805: 774: 734: 733: 689:Banana republic 684: 676: 675: 615: 607: 606: 482: 474: 473: 444: 436: 435: 386: 295: 286: 282: 273: 264: 258: 256: 248: 237: 226: 225: 224: 219: 208: 202: 199: 188: 174:related reading 164: 160: 149: 143: 140: 97: 95: 81: 69: 28: 24: 17: 12: 11: 5: 1270: 1260: 1259: 1254: 1249: 1244: 1239: 1234: 1229: 1224: 1219: 1214: 1209: 1204: 1190: 1189: 1183: 1155: 1152: 1151: 1150: 1146: 1143: 1140: 1137: 1134: 1123: 1120: 1110: 1107: 1104: 1101: 1098: 1091: 1081: 1078: 1068: 1065: 1061: 1058: 1054: 1051: 1048: 1045: 1041: 1037: 1034: 1031: 1026: 1023: 1015:market economy 958:rate of profit 926:terms of trade 918:Main article: 915: 912: 904:Paul Samuelson 814:Marxist theory 804: 801: 776: 775: 773: 772: 765: 758: 750: 747: 746: 745: 744: 736: 735: 732: 731: 729:Third worldism 726: 721: 716: 711: 706: 701: 696: 691: 685: 682: 681: 678: 677: 674: 673: 666: 659: 652: 645: 638: 631: 624: 616: 613: 612: 609: 608: 605: 604: 599: 594: 589: 584: 582:Huey P. 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Patras
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unequal exchange
Alma mater
École Pratique des Hautes Études
Charles Bettelheim

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