a School of Business and Management, Queen Mary university of london, uK; b department of economics, School of oriental and african Studies (SoaS), university of london, uK; c School of international development, university of east anglia, Norwich, uK; d department of international relations, university of Sussex, Brighton, uK ABSTRACTThis article argues that class relations are constitutive of development processes and central to understanding inequality within and between countries. Class is conceived as arising out of exploitative social relations of production, but is formulated through and expressed by multiple determinations. The article illustrates and explains the diversity of forms of class relations, and the ways in which they interplay with other social relations of dominance and subordination, such as gender and ethnicity. This is part of a wider project to revitalise class analysis in the study of development problems and experiences.

Marx and Polanyi both held that socialism, in one form or another, was a preferable and possible alternative to capitalism. Their ideas are seen to offer theoretical tools to understand the tensions and contradictions of capitalism, and to inform ways to overcome them. This paper discusses Polanyi's work from a Marxist perspective in order to illuminate his strengths and weaknesses. Its main focus is to discuss Polanyi's juxtaposing of commodification against exploitation, in diagnosing the problems of capitalist expansion. We suggest that by juxtaposing these two moments, Polanyi not only misses out on a crucial arena of capitalist activity (exploitation), but also undermines his own explication of processes of commodification. This has deleterious consequences for his understanding of the prevalence of poverty under capitalism. It also means that his vision of social transformation and of socialism is profoundly different, and potentially antithetical, to that of Marx. We suggest that for Polanyi's conception of de-commodification to gain greater traction it needs to be combined with Marx's analysis of exploitation and class struggle

This article argues that class relations are constitutive of development processes and central to understanding inequality within and between countries. Class is conceived as arising out of exploitative social relations of production, but is formulated through and expressed by multiple determinations. The article illustrates and explains the diversity of forms of class relations, and the ways in which they interplay with other social relations of dominance and subordination, such as gender and ethnicity. This is part of a wider project to revitalise class analysis in the study of development problems and experiences.