information about “how the effects of the state institution and state policies operate to fulfill this general maintenance function.” (p. 51).
In applying the method of power structure research, instrumentalists Marxist based on two theoretical principles taken from Capital volume I. These principles are the Principle of Commodification and the General Law of Capitalist Accumulation. The basic notion of the principle of commodification is the capitalism converts all use values to exchange values. "As a historical phenomenon, commodification is the tendency of the capitalist mode of production to extend market relation to a wider and wider range of social phenomena, thus making it possible to convert capital (i.e., money) to other types of value." (p. 15). In relation to the theory of the state, the …show more content…
Miliband proved the first thesis by demonstrating "that an economically dominant class does exist in capitalist society" and then describing the capacity of corporate elites to "formulate their general class interests and to act then as a coherent organizational entity in pursuit of those interests" (p. 18). To this purpose, the Marxist instrumentalists conducted two types of analysis, which are 1) positional analysis to evaluate the potential for coordinated action among corporate elites on the basis of shared economic interest; and 2) social analysis to seek the status indicators and their association with members of the capitalist class as an upper class. As reviewed in the previous section, that is Miliband 's works in the second chapter of his
In applying the method of power structure research, instrumentalists Marxist based on two theoretical principles taken from Capital volume I. These principles are the Principle of Commodification and the General Law of Capitalist Accumulation. The basic notion of the principle of commodification is the capitalism converts all use values to exchange values. "As a historical phenomenon, commodification is the tendency of the capitalist mode of production to extend market relation to a wider and wider range of social phenomena, thus making it possible to convert capital (i.e., money) to other types of value." (p. 15). In relation to the theory of the state, the …show more content…
Miliband proved the first thesis by demonstrating "that an economically dominant class does exist in capitalist society" and then describing the capacity of corporate elites to "formulate their general class interests and to act then as a coherent organizational entity in pursuit of those interests" (p. 18). To this purpose, the Marxist instrumentalists conducted two types of analysis, which are 1) positional analysis to evaluate the potential for coordinated action among corporate elites on the basis of shared economic interest; and 2) social analysis to seek the status indicators and their association with members of the capitalist class as an upper class. As reviewed in the previous section, that is Miliband 's works in the second chapter of his