World Review of Political Economy

Editorial Board

Editor

Enfu Cheng (China), Professor and Member of Chinese Academy of Social Sciences

Co-editors

David M. Kotz (US), Professor at University of Massachusetts Amherst

Hiroshi Onishi (Japan), Professor at Keio University

Jean-Claude Delaunay (France), Honorary Professor at Universities of Lille and Paris East-Marne la Vallée

Managing Editors

Zhongbao Wang (China), Professor at Chinese Academy of Social Sciences

Xiaoqin Ding (China), Professor at Shanghai University of Finance and Economics

Editorial Board

Josef Baum (Austria), Researcher at University of Vienna

Riccardo Bellofiore (Italy), Professor at University of Bergamo

Alexander Buzgalin (Russia), Professor at Lomonosov Moscow State University

Enfu Cheng (China), Professor and Member of Chinese Academy of Social Sciences

Jean-Claude Delaunay (France), Honorary Professor at Universities of Lille 1 and Paris East-Marne la Vallée

Radhika Desai (Canada), Professor at University of Manitoba

Heinz Dieterich (Germany), Professor at Metropolitan Autonomous University

Gérard Duménil (France), Former Research Director at French National Centre for Scientific Research

John Bellamy Foster (US), Professor at University of Oregon, Editor of Monthly Review

Hailiang Gu (China), Professor at Peking University

Hazel Dayton Gunn (US), Visiting Scholar at Cornell University, Managing Editor of Review of Radical Political Economics

Henri Houben (Belgium), Researcher at Research Group for an Alternative Economic Strategy and Institute for Marxist Studies

Leming Hu (China), Professor at Chinese Academy of Social Sciences

Makoto Itoh (Japan), Emeritus Professor at University of Tokyo, Member of the Japan Academy

David M. Kotz (US), Professor at University of Massachusetts Amherst

David Laibman (US), Professor at City University of New York, Editor of Science & Society

Thomas E. Lambert (US), Assistant Professor at University of Louisville

Jianping Li (China), Professor at Fujian Normal University

Terrence McDonough (Ireland), Professor at National University of Ireland Galway

Hiroshi Ohnishi (Japan), Professor at Keio University

Ozgur Orhangazi (Turkey), Professor at Kadir Has University

Luis Sandoval Ramírez (Mexico), Professor at National Autonomous University of Mexico

Roger Seifert (UK), Professor at Wolverhampton University

Pritam Singh (India), Professor at Oxford Brookes University

Lefteris Tsoulfidis (Greece), Professor at University of Macedonia

Roberto Mangabeira Unger (Brazil), Professor at Harvard University, former Minister of Strategic Affairs of Brazil

Pengfei Yan (China), Professor at Wuhan University

Yunxia Yang (China), Professor at Northwestern Polytechincal University

Assistant Editors

Shuoying Chen (China), Associate Professor at Chinese Academy of Social Sciences

Dongyun Han (China), Assistant Professor at Chinese Academy of Social Sciences

Zhen Wang (China), Assistant Professor at Chinese Academy of Social Sciences

Aims & Scope

World Review of Political Economy (WRPE) is a peer-reviewed academic journal of Marxist Political Economy, which aims to promote the innovative research into Marxist economic theories and their practical applications to world economy, developed and undeveloped economies, capitalist and socialist economies and so on, and to benefit the development of the world and well-beings of its people. WRPE welcomes submissions in normative and empirical research including, but not limited to:

1. State Capitalism, Monopoly Capitalism, Financial Capitalism, Neoliberal Capitalism, Imperialism, and Capitalist Development History;
2. Economic Globalization, Internationalization of Capital, Global Value Chain, Underdevelopment, Unequal Exchange, Colonialism, and Capitalist System;
3. Exploitation, Profit Squeeze, Living Wage, Income Inequality, and Relationship between Capital and Labour;
4. Business Cycle, Capital Accumulation, Under-Consumption, Over-Investment, Financial Crisis, and Theory of Economic Crisis;
5. Organic Composition of Capital, Technical Change, Labour Process, Digital Economy, Platform Economy, Productive Automation, and Theory of Falling Profit Rate;
6. Productive and Unproductive Labour, Surplus Value, Value Composition of Capital, Value and Price, Value Formation and Transformation, and Labour Theory of Value;
7. Labour-Managed Firms, Participatory Planning, Market Socialism, Eco-Socialism, Feasible Socialism, and Socialist Development History.

Guidelines for authors

For full submission guidelines, please see this document.

World Review of Political Economy (WRPE) accepts article submissions written in English that are original and not currently under consideration for publication by any other journal.

Submission

Articles should be original and not currently under consideration by any other publication. All contributions should be submitted to WRPE via the WRPE ScholarOne Manuscripts site (https://mc.manuscriptcentral.com/wrpe).

For submission on ScholarOne, new users should first create an account. Once a user is logged onto the site, submissions should be made via the Author Center. Online user guides and access to a helpdesk are available on this website. Authors should prepare and upload at least two files: Title Page and Main Document. Main Document should be an anonymous complete text, in which all information identifying the author(s) should be removed in order to allow it to be sent anonymously to referees. Title Page may include article's title, author's short biography and contact information.

Please contact the Editorial Office of WRPE via wrpe@cass.org.cn  or wrpejournal@sina.com  if you have any questions.

Contributions should be submitted in English. If authors are not native English speakers and are uncertain about the quality of their writing, their work should be edited for language by a native English speaker prior to submission.

Contributions should be formatted as A4 Microsoft Word files (Mac files must be converted), double-spaced and with ample margins. All pages, including those containing only diagrams and tables, should be numbered consecutively. Biographical information of up to 80 words should be included on the title page, indicating authors’ institutional affiliation, research area, representative writings, and email addresses.

It is the responsibility of the author to obtain permission to reproduce any illustrations that may be subject to copyright, and sources should be indicated appropriately in the accompanying captions. The use of figures (diagrams, charts, graphs) and tables should be kept to a minimum, with only essential data presented. Each should be numbered consecutively, titled, and mentioned in the main text. Tables must contain editable text. Figures should be supplied as separate *editable* files where possible (preferably in EPS, Illustrator or Excel format) and not in colour. Picture files or JPEGs are unsuitable for figures, but can be supplied for photographs if they are of good quality. Mathematical formulations should be kept to a minimum. Footnotes should be numbered consecutively. Bibliographical references should be checked for accuracy. Authors’ full addresses and other contact information including email, fax, telephone numbers, and postal address should be included in a separate A4 Microsoft Word file. One photo of the author should be provided (the first two authors’ photos, if the contribution is co-authored), which will appear in the journal on the article’s title page.

WRPE contributions are reviewed in five categories:

1) ARTICLES, up to 12,000 words, including an abstract of maximum 200 words describing the main arguments and conclusions, three to five key words, notes, acknowledgements, funding, and references.

2) COMMUNICATIONS, up to 8000 words, usually responses to the published articles or books of other authors.

3) BOOK REVIEWS, up to 6000 words.

4) ACADEMIC FRONTIERS, up to 8000 words, including conference reports, coverage of scholarly exchanges, literature review, and commentary on recent research developments.

5) FIGURE, up to 8000 words, introducing the academic career, thoughts and achievements of distinguished political economists.

Copyright and authors' rights

To assure the integrity, dissemination, and protection against copyright infringement of published articles, the copyright in your article is assigned to Pluto Journals (in behalf of the World Association for Political Economy, the proprietor of the journal World Review of Political Economy). Your Article is defined as the final, definitive, and citable Version of Record, and includes: (a) the accepted manuscript in its final form, including the abstract, text, bibliography, and all accompanying tables, illustrations, data; and (b) any supplemental material hosted by Pluto Journals.

The Author has the right to use the article in its published form in whole or in part without revision or modification in personal compilations or other publications of your own work, and the right to expand an article into book-length form for publication, provided that the acknowledgement to the journal World Review of Political Economy is made explicit.

Now WRPE is Open-Accessed and published under the Creative Commons License CC BY 4.0. This license allows users, scholars and readers, to read the content or any part of the content without charges. This license allows scholars to download and use the contents for educational purposes. This license does not allow the content or any part of the content to be used for commercial purposes.

Publishing ethics

All authors must comply with the common publishing ethics, and warrant that their article is their own original work, which does not infringe the intellectual property rights of any other person or entity, and cannot be construed as plagiarizing any other published work, including their own previously published work. The article contains no content that is abusive, defamatory, libellous, obscene, fraudulent, nor in any way infringes the rights of others, nor is in any other way unlawful or in violation of applicable laws.

Official Homepages

World Review of Political Economy (WRPE) is a quarterly, peer-reviewed title, published by Pluto Journals as the official journal of the World Association for Political Economy, to produce research into Marxist political economy. Please visit its official websites for details: WRPE homepage (www.wrpe.org.uk/); WRPE at Pluto Journals (www.plutojournals.com/wrpe/); WRPE at JSTOR (https://www.jstor.org/journal/worlrevipoliecon); WRPE at ScienceOpen (www.scienceopen.com/collection/wrpejournal).

Indexing and Abstracting

The Journal has been indexed in ESCI (Emerging Sources Citation Index, an edition of Web of Science) since 2015, and indexed in Scopus since 2018. The electronic journal is archived in Portico, and collected in JSTOR (www.jstor.org/r/pluto/wrpe), ScienceOpen, and EBSCO.

Publication

The journal World Review of Political Economy is published quarterly in March (Spring issue), June (Summer issue), September (Fall issue) and December (Winter issue).

Now all published articles in World Review of Political Economy (WRPE) are open-accessed. Please visit them at WRPE at JSTOR (https://www.jstor.org/journal/worlrevipoliecon), ScienceOpen (www.scienceopen.com/collection/wrpejournal)  and WRPE homepage (www.wrpe.org.uk/).

Now WRPE is Open-Accessed and published under the Creative Commons License CC BY 4.0. This license allows users, scholars and readers, to read the content or any part of the content without charges. This license allows scholars to download and use the contents for educational purposes. This license does not allow the content or any part of the content to be used for commercial purposes.

Contact Information

Editorial Office, wrpe@cass.org.cn or wrpejournal@sina.com

Managing editor, Prof. Zhongbao Wang, wangzb@cass.org.cn

Publisher Pluto Journals, evek@plutojournals.com

Affiliation

World Review of Political Economy (WRPE) is an official journal of the World Association for Political Economy (www.wapeweb.org/). 

Call for Papers

18th Annual Forum of the World Association for Political Economy

Multipolarity in the 21st Century: Challenges and Opportunities in Political Economy

Dates: 6-8 August 2025  

Location: Yeditepe University Kayışdağı Campus, Istanbul, Turkey

The World Association for Political Economy (WAPE) is pleased to announce its annual meeting, themed "Multipolarity in the 21st Century: Challenges and Opportunities in Political Economy." We invite scholars, researchers, activists, and practitioners to submit their papers for consideration.

As the global order transitions from a unipolar to a multipolar configuration, new dynamics are emerging that reshape international relations, economic systems, and global governance structures. This year's theme aims to explore the implications of multipolarity for political economy, focusing on the diverse dimensions of power transitions, regional integration, and the reconfiguration of trade, investment, and development paradigms.

We welcome papers that address theoretical, empirical, or policy-oriented dimensions of multipolarity and its intersections with topics such as:

• The law of uneven economic development and the new patterns of international economic development.
• The rise of emerging economies and their impact on global power structures, including BRI international cooperation and BRICS development.
• The challenge to the dominance of the dollar and the creation of alternative mechanisms for international economic relations such as a new common curreny.
• The role of regional blocs and institutions in shaping multipolar governance.
• The ecological challenge and resource politics in a multipolar world.
• Shifts in labor relations and production systems under multipolarity.
• The geopolitical economy of technology and digital governance.
• Historical and theoretical insights into past transitions to multipolarity.
• New developments in left-wing international political economy theory.
• Proposing solutions to the challenges faced by global south countries in democratization, wealth distribution and people’s involvenment in governance.
• The political economy of Artificial Intelligence (AI), the prospect for full automation, and the future of surplus value exploitation.
• The social classes in world and countries within the context of digitalization and multipolarity.
• Explaining the decline of (neo)liberalism and the advent of nationalist and right-wing parties in the West and beyond within the context of multipolar world.

Contributions that critically engage with the concept of multipolarity from a political-economy perspective, including its potential to challenge or reproduce existing inequalities and power asymmetries, and other related issues in political economy are also welcome.

We look forward to your contributions to what promises to be a vibrant and intellectually stimulating discussion on multipolarity and its implications for political economy.

Submission Guidelines:

• Abstracts (no more than 300 words) should be submitted to wape2025@wapeweb.org.
• Please include a brief biography (up to 150 words), highlighting your academic affiliation and key research interests.
• Papers selected for presentation will be eligible for consideration in WAPE-affiliated journals (World Review of Political Economy, International Critical Thought, World Marxist Review, The Belt and Road Initiative Quarterly - BRIQ).

Important Dates:

• Abstract submission deadline: May 15, 2025
• Notification of acceptance: June 1, 2025
• Final paper submission deadline: June 30, 2025

For more information, visit www.wapeweb.org or contact us at adnanakfirat@gmail.com, ndemircan11@hotmail.com, safak.erdem.h@gmx.de, wapemember@vip.163.com.

Registration Fees:

• 150 euros: for online payment before June 15, 2025
• 200 euros: for online payment after June 15, 2025 or on-site payment
• 75 euros: reduced rate for unemployed, retired and students for online or on-site payment. 

WAPE 2025 Forum Organizational Committee

Cheng Enfu, WAPE Chair, Academician of Chinese Academy of Social Sciences

Adnan Akfırat, WAPE Vice Chair, Chairman of the Belt and Road Initiative Quarterly-BRIQ Journal

Allen Ding, WAPE Secretary General, Chair Professor of Shanghai University of Finance and Economics

Efe Can Gurcan, WAPE Council Member, Visiting Scholar at London School of Economics

International Coordinator: 

Adnan Akfırat (WAPE Vice Chairman)
adnanakfirat@gmail.com  

Allen Ding (WAPE Secretary General)
wapemember@vip.163.com  

Academic Advisor: 

Dr. Efe Can Gurcan (London School of Economics)

efe.gurcan@istinye.edu.tr

Academic Coordinator: 

Dr. Can Ulusoy (Cappadocia University)
can.ulusoy@kapadokya.edu.tr

Deputy Academic Coordinator:

Dr. Necati Demircan (Shanghai University Global Studies Institute) ndemircan11@hotmail.com  

Secretarial Works: 

Safak Erdem (Leibniz University Hannover)
safak.erdem.h@gmx.de

Isikgun Akfirat (Bogazici University)
iakfiratt@gmail.com                     

Ye Zhangxu (Shanghai University)
yezhangxu926@gmail.com

Tolga Disci (Bilkent University)
tolgadisci@gmail.com

Chen Zijing (Shanghai University of Finance and Economics)
wapemember@vip.163.com

•      WAPE. The World Association for Political Economy, registered in Paris, is an international academic organization founded by Marxian economists and related groups around the world. The mission of WAPE is to utilize modern Marxian economics to analyze and study the world economy, reveal its laws of development, and offer policies to promote economic and social progress on the national and global levels. The last seventeen WAPE forums were successively held at Shanghai (China), Shimane (Japan), Beijing (China), Paris (France), Suzhou (China), Amherst (USA), Mexico City (Mexico), Florianópolis (Brazil), Hanoi (Vietnam), Johannesburg (South Africa), Patiala (India), Moscow (Russia), Berlin (Germany), Winnipeg (Canada), Shanghai (China), Fuzhou (China), Athens (Greece) during 2006–2024. Participants in past WAPE forums have come from over 50 countries in Asia, Australia, Africa, Europe, and North and South America.

•      WRPE. The World Review of Political Economy is a peer-reviewed quarterly journal of Marxian Political Economy sponsored by WAPE and published by Pluto Journals. For more information including types of submissions that will be considered, please go to http://www.plutojournals.com/wrpe/ and submit your articles to WRPE  via WRPE ScholarOne Manuscripts site https://mc.manuscriptcentral.com/wrpe.

•      WAPEWEB.ORG. WAPE Secretariat is working with a team from its long-term partner Pluto Journals, publisher of WRPE, to launch its new version of WAPE website with WAPE Membership system. The team will contact our members for registration or renewal of membership with approval from and on behalf of WAPE Secretariat.

•      WAPE Awards. The Distinguished Achievement Award of World Political Economy of the 21st Century, established by WAPE, has been granted annually since 2009 to recognize outstanding books or articles on political economy published since the year of 2001. It is intended to promote research of modern political economy around the world by granting this award to those who have made important innovations in the theory or methodology of political economy. The Marxian Economics Award, established by WAPE in 2011, is given to recognize an outstanding lifetime record of achievement in political economy. Its purpose is to promote the development of the research of Marxist economics around the world by granting this award to those who have made important innovations in the research of theories, methodology and application of Marxian economics. The 2025 WAPE Awards will be granted at the opening ceremony of the 18^th WAPE Forum. Nominations and applications can be sent to wapemember@vip.163.com.

Marxian economists from all over the world are welcome to join WAPE and attend the forum whether or not they will present a paper. The WAPE Forums aim to encourage cooperation among Marxian economists and to enlarge and strengthen the influence of Marxian economics in the world.

Workgroup for Marxist Macroeconomic Modelling

Special Call for Papers

for the 18th Forum of the World Association for Political Economy

‘Multipolarity in the 21st Century: Challenges and Opportunities in Political Economy’

August 6-8, 2025

Yeditepe University Kayışdağı Campus, Istanbul, Turkiye

Special Call for Papers for the Marxist Macroeconomic Modelling Workgroup

Macroeconomic modelling plays an important role for both socialist and capitalist economies. Particularly for the former macroeconomic modelling is crucial for economic planning. Macroeconomic modelling – geared especially towards economic policy – has a long and turbulent course within the science of the economy. This workgroup of the WAPE Forum aims to study this course and to promote macroeconomic modelling within the Marxist tradition.

All economic models are by their very nature simplifications of reality that are based on a set of assumptions that reflect the fundamental hypotheses of the modeler. In recent years Mainstream Economics – both Neoliberal and New Keynesian - have embraced Dynamic Stochastic General Equilibrium (DSGE) models (that is a class of models that bases its outcomes on microeconomic principles and behavioural assumptions that are directly derived from mainstream economics core assumptions). However, Marxist Political Economy argues that these Mainstream Economics’ assumptions misrepresent actual human behaviour, disregard social relations and are fundamentally unrealistic. On the other hand, whilst Marxist Political Economy was a pioneer in economic modelling, during the recent decades has somehow lapsed behind in expanding and developing its macroeconomic modelling intuitions.

As we navigate through a turbulent world, characterized by acute imperialist conflicts and economic uncertainties, the relevance and accuracy of economic models come under scrutiny. The insights of Marxist Political Economy on the subject can be a valuable contribution in the discussion. Focusing on subjects such as class struggle, the effect of variations in the historical evolution institutions, of sectoral variations in the level of competition, or the effects of variations in the distribution of income and wealth, etc. is critical for the reorientation of economic models towards realism and the formation of economic policies opposing capitalist exploitation and supporting socialist transition.

Topics of Interest:

We invite submissions addressing various aspects of macroeconomic modelling, including but not limited to:

1. History of macroeconomic modelling
2. Macroeconomic models for economic policy: from Fel’dman and Tibergen to nowadays
3. Modelling different conceptions of competition
4. Modelling different conceptions of economic agents (classes, individuals etc.)
5. Modelling changes in the distributions of income and wealth
6. Modelling international economic relations (trade, portfolio and investment flows, exchange rates, capital flights etc.) and imperialist conflicts
7. Modelling economic development and socialist transition: from A.Lewis and E.Preohbrazhensky to nowadays

Submission Guidelines:

Abstracts and full papers should be submitted to s.mavroudeas@panteion.gr and wape2025@wapeweb.org with the subject line Marxist Macroeconomic Modelling.

• Abstracts (up to 300 words) should clearly outline the research question, methodology, data sources, findings, and its significance to the broader theme of the conference.
• Please include a brief biography (up to 150 words), highlighting your academic affiliation and key research interests.

Important Dates:

• Abstract Submission Deadline: May 15, 2025
• Notification of Acceptance: June 1, 2025
• Full Paper Submission Deadline: June 30, 2025

Registration Fees:

• 150 euros: for online payment before June 15, 2025
• 200 euros: for online payment after June 15, 2025 or on-site payment
• 75 euros: reduced rate for unemployed, retired and students for online or on-site payment.

The WAPE Secretariat

March 2025

Scholars

We are building the list of World Review of Political Economy (WRPE) scholars. Please register an ScienceOpen account and make your personal homepage on ScienceOpen (e.g., the “Friendly URL” on ScienceOpen for the Managing Editor of WRPE, Prof. Zhongbao Wang: www.scienceopen.com/user/wangzb) , then “Follow” the WRPE homepage (www.scienceopen.com/collection/wrpejournal) on ScienceOpen,  and write to the editorial office of World Review of Political Economy (WRPE) via wrpe@cass.org.cn or wrpejournal@sina.com to tell us your personal homepage on ScienceOpen.

WRPE Scholars

Enfu Cheng (Cheng Enfu in Chinese tradition)

Zhongbao Wang (Wang Zhongbao in Chinese tradition)

Welcome also to visit the scholars of World Association for Political Economy at Elsevier.