Political economy of communication: A critique

Philip Graham

doi:10.1108/17422040710775012

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Political economy of communication: A critique

Journal article

Open access

Peer reviewed

Political economy of communication: A critique

Philip Graham

Critical Perspectives on International Business, Vol.3(3), pp.226-245

2007

DOI: https://doi.org/10.1108/17422040710775012

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Abstract

capitalist systems

communication

Marxist economics

political economy

social values

Purpose - This article aims to provide a critical understanding of contextual issues surrounding international business from a political economy of communication perspective. Design/methodology/approach - The approach is based in classical dialectics and proceeds from a Marxian perspective. It includes a literature review of major theorists in political economy of communication and an analysis of present institutional relationships that frame international business in the context of corporatism. Findings - The main argument is that current practices that dominate international business can no longer be considered as any kind of capitalism and that political economy of communication is necessary for comprehending this system. Current business practices are a form of corporatism in which ownership is separated from control, business is separated from industry, and the idea of a "going concern" is subject to "overriding concerns". To understand the implications of these factors, political economy of communication needs new theories of value, labour, mediation, and meaning. Research limitations/implications - The work is limited by the current pace of change, by alternative, non-Marxist definitions of capitalism which are not taken into account here, and by the variegated nature of global business practices. The work is limited to dominant practices and definitive relationships. Practical implications - The paper provides a useful perspective for understanding the future direction of international business, specifically in terms of communication, culture, and understandings of value. Originality/value - This paper offers an alternative, non-capitalistic view of "globalisation" within a Marxist framework and proposes a new theoretical and analytical synthesis for political economy of communication. © Emerald Group Publishing Limited.

Details

Title: Political economy of communication: A critique
Authors: Philip Graham (Author) - Queensland University of Technology
Publication details: Critical Perspectives on International Business, Vol.3(3), pp.226-245
Publisher: Emerald Group Publishing Ltd.
Date published: 2007
DOI: 10.1108/17422040710775012
ISSN: 1742-2043
Copyright note: Copyright © 2007 Emerald Group Publishing Limited. This article is © Emerald Group Publishing and permission has been granted for this version to appear here. Emerald does not grant permission for this article to be further copied/distributed or hosted elsewhere without the express permission from Emerald Group Publishing Limited.
Organisation Unit: Office of the Deputy Vice-Chancellor (Academic); University of the Sunshine Coast, Queensland; School of Creative Industries - Legacy
Language: English
Record Identifier: 99450574302621
Output Type: Journal article

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