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Development pp 103-125 | Cite as

Sustainable Reproduction, on Use and Exchange Values

  • Gianni Vaggi
Chapter

Abstract

This chapter deals with sustainable reproduction and the distinction between ends and means in the SDGs. The former are strategic ‘use values’, the latter belong to the realm of ‘exchange values’. Four reproduction cycles are examined: the universal, capitalistic, sustainable and financial cycles. This chapter presents different contributions on how to achieve sustainable development; some authors rely on market mechanisms, other writers are very critical of the idea of growth in itself. From Randomized Control Trials to incentives and market games to institutions in development. Neo-structuralist and neo-Keynesian authors emphasize the macro-constraints to growth facing developing countries. Degrowth and the circular economy underline the limits of nature; sustainability requires the abandonment of capitalist production. We have entered a period of Financial Mercantilism: money generates money. Investment banks and funds behave like the old Mercantilists, their choices dominated by the search for a surplus value.

Keywords

Reproduction Sustainability Use and exchange values Financial Mercantilism Institutions 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Department of Economics and BusinessUniversity of PaviaPaviaItaly

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