Social processes of oppression in the stratified economy and Veblenian feminist post Keynesian connections

Abstract

Conceptions of social stratification and oppression should be central to post Keynesian inquiry. The article takes a Veblenian feminist view to discuss aspects of oppression in economies of stratification and outlines connections to areas of post Keynesian economics. The article is structured around “five faces of oppression” delineated by political theorist Iris Young: exploitation, violence, powerlessness, cultural imperialism, and marginalization. The paper reframes those based on a conception of evolving social processes and diverse economic relations, and employs Veblen’s theory of surplus and stratification, which has a broad understanding of domination that goes beyond capital accumulation. The article provides illustrations of these interconnected aspects of oppression, and discusses how each is co-opted today. The article presents specific connections to post Keynesian economic analysis and concludes by highlighting the potential of post Keynesian economics for social justice.

Keywords:

• Stratification
• oppression
• Thorstein Veblen
• feminist post Keynesian economics
• social processes

JEL CLASSIFICATION CODES:

• B52
• B54
• E12
• Z13
• Z18

Disclosure statement

No potential conflict of interest was reported by the author(s).

Additional information

Notes on contributors

Zdravka Todorova

Zdravka Todorova is at Department of Economics, Wright State University, Dayton, OH, USA.