Orhangazi, Özgür

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Profile URL
https://hdl.handle.net/20.500.12469/6057
Name Variants
Orhangazi, Özgür
Özgür ORHANGAZI
Orhangazi, Ö.
Ozgür Orhangazi
Orhangazi, Ozgur
Orhangazi O.
ÖZGÜR ORHANGAZI
O., Ozgur
Orhangazi Ö.
Orhangazi,Ö.
Orhangazi, Ozgür
O.,Ozgur
Ozgur, Orhangazi
ORHANGAZI, Özgür
Özgür Orhangazi
O., Özgür
Orhangazi,Ozgur
Orhangazi, ÖZGÜR
O. Orhangazi
Orhangazi, O.
ORHANGAZI, ÖZGÜR
Ö. Orhangazi
Orhangazi,O.
Job Title
Prof. Dr.
Email Address
[email protected]
Main Affiliation
Economics
Status
Current Staff
Website
ORCID ID
0000-0002-3122-8206
Scopus Author ID
19934133800
Turkish CoHE Profile ID
Google Scholar ID
WoS Researcher ID
D-7311-2019

Sustainable Development Goals

13

CLIMATE ACTION
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2

Research Products

2

ZERO HUNGER
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0

Research Products

7

AFFORDABLE AND CLEAN ENERGY
AFFORDABLE AND CLEAN ENERGY Logo

2

Research Products

11

SUSTAINABLE CITIES AND COMMUNITIES
SUSTAINABLE CITIES AND COMMUNITIES Logo

1

Research Products

15

LIFE ON LAND
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1

Research Products

14

LIFE BELOW WATER
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0

Research Products

8

DECENT WORK AND ECONOMIC GROWTH
DECENT WORK AND ECONOMIC GROWTH Logo

13

Research Products

3

GOOD HEALTH AND WELL-BEING
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0

Research Products

5

GENDER EQUALITY
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0

Research Products

9

INDUSTRY, INNOVATION AND INFRASTRUCTURE
INDUSTRY, INNOVATION AND INFRASTRUCTURE Logo

6

Research Products

12

RESPONSIBLE CONSUMPTION AND PRODUCTION
RESPONSIBLE CONSUMPTION AND PRODUCTION Logo

1

Research Products

16

PEACE, JUSTICE AND STRONG INSTITUTIONS
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1

Research Products

1

NO POVERTY
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2

Research Products

6

CLEAN WATER AND SANITATION
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0

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17

PARTNERSHIPS FOR THE GOALS
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7

Research Products

4

QUALITY EDUCATION
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0

Research Products

10

REDUCED INEQUALITIES
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12

Research Products
Documents

31

Citations

1261

h-index

11

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Documents

24

Citations

1099

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Scholarly Output

43

Articles

20

Views / Downloads

9/0

Supervised MSc Theses

9

Supervised PhD Theses

2

WoS Citation Count

276

Scopus Citation Count

297

WoS h-index

8

Scopus h-index

9

Patents

0

Projects

0

WoS Citations per Publication

6.42

Scopus Citations per Publication

6.91

Open Access Source

23

Supervised Theses

11

JournalCount
Review of Radical Political Economics6
Development and Change2
Review of Keynesian Economics2
Elgar Encyclopedia of Central Banking: Second Edition1
Emerging Markets Finance and Trade1
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Scholarly Output Search Results

Now showing 1 - 10 of 43
  • Thumbnail Image
    Article
    “Capitalism without Capital” or “Technofeudalism”? Preliminary Thoughts toward a Theory of Knowledge Monopolization
    (SAGE Publications Inc., 2025) Orhangazi, Özgür
    This article engages with the arguments that the rise of intangible assets, digital platforms, and knowledge monopolies represents either a fundamental transformation of capitalism or the emergence of “technofeudalism.” Drawing from Marxian economic theory, I propose a conceptual framework based on three appearances of knowledge in the economy: commodity, capital, and barriers to entry. Knowledge commodities challenge traditional Marxian value theory because of their infinite reproducibility and near-zero reproduction costs, enabling firms to extract rents rather than directly create new value. Intangible assets increasingly function as capital, intensifying labor exploitation and enabling surveillance and control. Finally, knowledge monopolization reinforces capitalist accumulation and monopolization tendencies by creating barriers to entry. The analysis underscores the persistence of core capitalist logic while highlighting new contradictions posed by digitalization, intangible assets, and intellectual property rights.JEL Classification: B51, O33, O34, L86. © 2025 Elsevier B.V., All rights reserved.
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    Article
    The Intellectual Odyssey of James R. Crotty: From the War on Vietnam To a Socialist Alternative To Global Capitalism
    (SAGE Publications Inc., 2023) Orhangazi, Ö.; Dymski, G.
    We summarize the intellectual journey of James R. Crotty in this tribute. We discuss how Crotty’s approach to macroeconomics based on Marxian and Keynesian insights led to a series of flexible models based on realistic assumptions that help us better understand the contradictory evolution of capitalism from the 1970s to the 2010s. The basic building blocks of Crottyian macroeconomics consist of the emphasis on macro foundations, focus on the concrete capitalist processes with their endogenous, dynamic, and conflict-ridden nature, and the centrality of money, credit, and competitive dynamics of the capitalist system. We also discuss how a study of these dynamics led to his final work on “liberal socialism” as the way to end the disruptive cycles of capitalism. We argue that those aiming to construct a solid theoretical foundation to guide the understanding, transformation, and transcending of contemporary capitalist societies would find much inspiration in Crotty’s intellectual legacy. JEL Classification: E11, E12, B51 © 2023 Union for Radical Political Economics.
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    Article
    Citation - WoS: 8
    Citation - Scopus: 10
    Growth and Distribution After the 2007-2008 Us Financial Crisis: Who Shouldered the Burden of the Crisis?
    (Edward Elgar Publishing Ltd, 2016) Dufour, Mathieu; Orhangazi, Özgür
    The post-1980 era witnessed an increase in the frequency and severity of financial crises around the globe the majority of which took place in low-and middle-income countries. Studies of the impacts of these crises have identified three broad sets of consequences. First the burden of crises falls disproportionately on labor in general and low-income segments of society in particular. In the years following financial crises wages and labor share of income fall the rate of unemployment increases the power of labor and labor unions is eroded and income inequality and rates of poverty increase. Capital as a whole on the other hand usually recovers quickly and most of the time gains more ground. Second the consequences of crises are visible not only through asset and income distribution but also in government policies. Government policies in most cases favor capital especially financial capital at the expense of large masses. In addition many crises have presented opportunities for further deregulation and liberalization not only in financial markets but in the rest of the economy as well. Third in the aftermath of financial crises in low-and middle-income economies capital inflows may increase as international capital seeks to take advantage of the crisis and acquire domestic financial and non-financial assets. The 2007-2008 financial crisis in the US provides an opportunity to extend this analysis to a leading high-income country and see if the patterns visible in other crises are also visible in this case. Using the questions and issues typically raised in examinations of low-and middle-income countries we study the consequences of the 2007-2008 US financial crisis and complement the budding literature on the 'Great Recession.' In particular we examine the impacts of the crisis on labor and capital with a focus on distributional effects of the crisis such as changes in income shares of labor and capital and the evolution of inequality and poverty. We also analyse the role of government policies through a study of government taxation and spending policies and examine capital flow patterns.
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    Book Part
    Citation - WoS: 1
    Contradictions of Capital Accumulation in the Age of Financialization
    (Edward Elgar Publishing Ltd, 2016) Orhangazi, Özgür
    [Abstract Not Available]
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    Book Review
    States Banks and Crisis: Emerging Finance Capitalism in Mexico and Turkey
    (M.E Sharpe Inc., 2013) Orhangazi, Özgür
    [Abstract Not Available]
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    Article
    Kalkınma, Kapitalizmin Mantığı ve Eşit Olmayan Gelişme
    (İ.Ü. İktisat Fakültesi Mezunları Cemiyeti, 2011) Orhangazi, Özgür
    Kapitalizm, ortaya çıkışından bu yana dünya üzerinde eşit olmayan bir gelişme üretmiştir. İlk başlarda, kapitalizmin ortaya çıktığı bölgeler ve bunların uzantılarıyla dünyanın geri kalanı arasında kurulan ilişkilerin yarattığı eşit olmayan gelişme dinamikleri, sistemin mantığı tarafından sürekli yeniden üretilmektedir. Dünyanın belirli yerlerinde ortaya çıkan iktisadi gelişme, çoğu zaman başka bölgelerde ‘azgelişme’ yaratmaktadır. Gerek 1980 öncesinin devletçi kalkınma politikaları gerekse daha sonra devreye sokulan neoliberal politikalar, ‘azgelişmiş’ ülkelerin ‘gelişmiş’ ülkeler seviyesine ulaşmasını sağlayamamıştır. Gerçek anlamda bir kalkınmadan söz edebilmek için bu piyasacı/devletçi kalkınma ikileminden koparak yeni bir paradigmanın arayışı içerisine girilmesi ve hem iktisadi hem de insani kalkınmanın sermayenin ihtiyaç ve kararlarının insafına bırakılmaması gerekmektedir.
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    Article
    Citation - WoS: 3
    Citation - Scopus: 3
    Contours of Alternative Policy Making in Venezuela
    (Sage Publications Inc, 2014) Orhangazi, Özgür
    The economic policies of the Venezuelan government in the last decade represent a significant departure from neoliberal orthodoxy. This departure consists of a focus on greater national autonomy, a return to some of the macroeconomic policies of earlier eras, and increased state involvement in the economy through interventions and social programs. While these policies have resulted in improved social indicators, they also have provided space for a set of "transformative" initiatives, including experiments with worker co-management, cooperatives, and participatory planning, all of which seek alternatives to the capitalist organization of the economy. Although the Venezuelan experience could be considered sui generis, especially with the economy's dependence on oil, a critical evaluation of the policies implemented in Venezuela would contribute to discussions on the alternatives to both neoliberal policies and capitalism in general. This paper provides an analysis of the break with neoliberal economic policies and of the transformative initiatives, as well as an evaluation of their achievements together with a discussion on their likely future path.
  • Thumbnail Image
    Book Part
    Finance, Finance Capital, Financialisation
    (Palgrave Macmillan, 2016) Orhangazi, Ö.
  • Thumbnail Image
    Article
    Citation - WoS: 31
    Citation - Scopus: 37
    Competition and Monopoly in the U.s. Economy: What Do the Industrial Concentration Data Show?
    (Sage Publications, 2021) Davis, Leila; Orhangazi, Özgür
    A recent series of academic studies, think-tank reports, and news articles shows widespread attention to rising industrial concentration and market power in the U.S. economy. In this paper, we focus on concentration in the U.S. nonfinancial corporate sector to make three contributions to the literature. First, we use examples from the debate on industrial concentration to show that there are often-divergent predictions in the theoretical literature surrounding the expected consequences of concentration and monopolization for nonfinancial firms. Second, we use industry-level concentration data to describe recent trends in average concentration. We show that, while concentration increases across the majority of industries after the late 1990s, the retail and information-services sectors are particularly key for understanding recent trends in average industrial concentration. Third, we link our industry-level analysis with firm-level data to describe the relationship between industrial concentration and nonfinancial corporations' profitability, markups, and investment. Consistent with the ambiguities in the theoretical literature, we find that these relationships are not uniform: while some highly concentrated industries confirm standard expectations with high markups, high profitability, and low investment rates, other highly concentrated industries earn lower-than-average markups and profits, suggesting that - in some industries - increased concentration and intensified competition may go hand in hand.
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    Master Thesis
    Türkiye'nin Yeşil Dönüşümü ve İş Fırsatları
    (2023) Gözkün, Kübra Atik; Orhangazi, Özgür
    Enerji sektörü küresel olarak sera gazı emisyonunu arttırırken, Türkiye'deki yıllık sera gazı emisyonlarının %40'ından elektrik üretimi sorumludur. Elektrik enerjisi üretimi amacıyla yenilenebilir enerji kaynaklarına yapılacak geçişin emisyon salınımında düşüşe sebep olması beklenirken, ekonomik aktivite ve istihdam fırsatlarında da artış yaratması beklenmektedir. Literatürdeki araştırmalar, yeşil enerji yatırımlarının ekonomik büyüme ve istihdam üzerindeki etkisi üzerine yoğunlaşmış olup, gelişmekte olan ülkelerdeki net etki belirsizdir. Ayrıca, alternatif politika senaryolarını dikkate alarak Türkiye'nin enerji geçişini inceleyen az sayıda çalışma bulunmaktadır. Bu tez, girdi-çıktı yöntemi ve istihdam faktörü yaklaşımını kullanarak Türkiye'de yeşil enerji dönüşümünün istihdam üzerindeki etkisini farklı senaryolar altında incelemektedir. Her iki analiz de, kömür enerjisinin yenilenebilir enerjiye göre daha yüksek istihdam potansiyeli içerdiğini, yenilenebilir enerji yatırımlarının ise fosil yakıtlara göre daha fazla operasyon ve bakım işi sağladığını göstermektedir. 1 milyon dolarlık yatırım, önümüzdeki 25 sene içerisinde güneş enerjisinde 16.2 iş potansiyeli barındırırken, rüzgar enerjisi 11.6 iş yaratmaktadır. Kömür enerjisi, daha yüksek sermaye maliyetleri nedeniyle yenilenebilir enerjiden daha yüksek bir istihdam yaratma potansiyeline sahip olsa da, öngörülen elektrik talebinin analize dahil edilmesi, 2020 istihdamının toplam %1,3 ila %3,9'una eşdeğer net pozitif istihdam fırsatı yaratmaktadır. Bu sonuçlar enerji endüstrisinin transformasyonunun enerji verimliliği yatırımları ile desteklenmesi gerektiğini ortaya koymaktadır.