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November 25, 2021

Originally published at Economics from the Top Down Blair Fix It’s been 20 years, but I still remember the feeling. It was a mix of curiosity and unease. I was curious because I was learning …

November 23, 2021

Originally published at joefrancis.info Joe Francis In a previous post I discussed a working paper in which I criticised Roberto Cortés Conde’s estimates of Argentina’s industrial output from 1875 to 1913. In a new version …

November 22, 2021

Originally published at pluralistic.net Cory Doctorow The Internet Society (ISOC) is a nonprofit that is in the enviable position of receiving tens of millions of dollars every year merely for overseeing work that someone else …

November 17, 2021

Originally published on Economics from the Top Down Blair Fix This post begins with a sigh. For the last month, I’ve been working on a project that analyzes word frequency in economics textbooks. I’d hoped …

November 16, 2021

Originally published at notes on cinema James McMahon I have been fortunate enough to teach university classes on politics and film. I am certain few students in these classes could guess how stressful it was …

November 12, 2021

Originally published at joefrancis.info Joe Francis When a prominent economic historian provides a new estimate of something, it is likely that the estimate will be taken at face value. Other economic historians will cite it, …

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Review of Capital as Power (RECASP)


October 9, 2021

Soft-wars A Capital-as-Power Analysis of Google’s Differential Power Trajectory CHRIS MOURÉ October 2021 Abstract The capital as power framework, developed by Jonathan Nitzan and Shimshon Bichler, argues that the aim of business is not ‘profit …

August 21, 2021

Reconsidering Systemic Fear and the Stock Market A Reply to Baines and Hager JAMES MCMAHON August 2021 Abstract This article responds to Baines and Hager’s recent critique of the capital-as-power model of the stock market. …

May 1, 2021

From Commodities to Assets Capital as Power and the Ontology of Finance JESÚS SUASTE CHERIZOLA May 2021 Abstract Assets are a crucial concept of the practice and mindset of the capitalist class. Critical analyses of …

September 7, 2020

Growing Through Sabotage Energizing Hierarchical Power SHIMSHON BICHLER and JONATHAN NITZAN June 2020 Abstract According to the theory of capital as power, capitalism, like any other mode of power, is born through sabotage and lives …

October 8, 2019

The Autocatalytic Sprawl of Pseudorational Mastery ULF MARTIN May 2019 Abstract According to Jonathan Nitzan and Shimshon Bichler (2009), capital is not an economic quantity, but a mode of power. Their fundamental thesis could be …

October 8, 2018

Propertization The Process by which Financial Corporate Power has Risen and Collapsed JONGCHUL KIM September 2018 Abstract Elsewhere I argue that the legal concept of property was created in the image of money in the …

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Blog


November 25, 2021

Originally published at Economics from the Top Down Blair Fix It’s been 20 years, but I still remember the feeling. It was a mix of curiosity and unease. I was curious because I was learning …

November 23, 2021

Originally published at joefrancis.info Joe Francis In a previous post I discussed a working paper in which I criticised Roberto Cortés Conde’s estimates of Argentina’s industrial output from 1875 to 1913. In a new version …

November 22, 2021

Originally published at pluralistic.net Cory Doctorow The Internet Society (ISOC) is a nonprofit that is in the enviable position of receiving tens of millions of dollars every year merely for overseeing work that someone else …

November 17, 2021

Originally published on Economics from the Top Down Blair Fix This post begins with a sigh. For the last month, I’ve been working on a project that analyzes word frequency in economics textbooks. I’d hoped …

November 16, 2021

Originally published at notes on cinema James McMahon I have been fortunate enough to teach university classes on politics and film. I am certain few students in these classes could guess how stressful it was …

November 12, 2021

Originally published at joefrancis.info Joe Francis When a prominent economic historian provides a new estimate of something, it is likely that the estimate will be taken at face value. Other economic historians will cite it, …

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Publications


October 7, 2021

Abstract This paper argues that the ability of dominant corporations in the fossil fuel and other polluting industries to shape government policy on climate change and energy issues is directly related to their financial interests …

September 22, 2021

Abstract For more than a century, political economists have sought to understand the nature of capital. The prevailing wisdom is that there must be something ‘real’ — some productive capacity — that underpins capitalized values. …

September 16, 2021

Abstract According to neoclassical economics, the most efficient way to organize human activity is to use the free market. By stoking self interest, the theory claims, individuals can benefit society. This idea, however, conflicts with …

August 17, 2021

Abstract Recent years have seen the convergence of industries that focus on higher protein foods, such as meat processing firms expanding into plant-based substitutes and/or cellular meat production, and fisheries firms expanding into aquaculture. A …

March 29, 2021

Abstract Today, human capital theory dominates the study of personal income. But this has not always been so. In this essay, I chart the rise of human capital theory, and compare it to the rise …

March 24, 2021

Abstract The theory of capital as power (CasP) is radically different from conventional political economy. In the conventional view, mainstream as well as heterodox, capital is seen a ‘real’ economic entity engaged in the production …

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Working Papers on Capital as Power


October 24, 2021

Abstract Although the determinants of income are complex, the results are surprisingly uniform. To a first approximation, top incomes follow a power-law distribution, and the redistribution of income corresponds to a change in the power-law …

March 15, 2021

Abstract We write this essay for both lay readers and scientists, though mainstream economists are welcome to enjoy it too. Our subject is the basic toolbox of mainstream economics. The most important tools in this …

February 10, 2021

Abstract Humanity’s most pressing need is to learn how to live within our planet’s boundaries — something that likely means doing without economic growth. How, then, can we create a non-growth society that is both …

February 10, 2021

Abstract According to the capital as power framework, pecuniary earnings, or profits, are a symbolic representation of the struggle for power between different capitalist groups. In this struggle, capitalists measure their own power differentially – …

December 23, 2020

Abstract Until the late 2000s, our work focused primarily on why capitalism should be understood as a mode of power. We argued that capital itself is a form of organized power and researched how capitalists …

July 12, 2020

Abstract Neoclassical economists fundamentally misunderstand the role of natural resources in the economy. I discuss here the source of this misunderstanding, and the ways we can better understand the role of energy to human societies. …

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Forum


November 25, 2021 11:56 am

Jonathan Nitzan

Pieter de Beer wrote:Which brings me to a question. Differential accumulation is central to CasP, but how do we compare the relative power of states using fundamentally different modes of power? North Korea seems to …

November 25, 2021 3:35 am

Pieter de Beer

This is an invaluable response already, thanks Scot. I can definitely see how, given the CasP framework of encompassing political influence into the notion of capital, straight forward  market cap would not be reflective of …

November 25, 2021 1:31 am

Scot Griffin

Pieter, Thanks for your post. I am likely to have additional replies with references to sources that might have additional clues to help you fill in your timeline, which is already pretty good, but I …

November 25, 2021 12:07 am

Pieter de Beer

in 2019, James Glattfelder and Stefano Battison of the University of Zurich published a paper The architecture of power: Patterns of disruption and stability in the global ownership network In this they show that while …

November 24, 2021 11:41 pm

Pieter de Beer

Thanks for the encouragement Blair. I think I will Flesh this piece out in full depth before I move on to any other subjects within the CasP sphere, I have found it deeply fascinating digging …

November 24, 2021 12:24 pm

Scot Griffin

I was unaware of the Open Science Framework (or that Elsevier owns SSRN).  Thanks for the link!   –Scot

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Bichler & Nitzan Archives


  • Cinema
    on November 11, 2021

    Cinema Bichler, Shimshon and Nitzan, Jonathan. (2021). November. pp. 1-9. (Review; English).

  • Red Giant
    on October 29, 2021

    Red Giant Bichler, Shimshon and Nitzan, Jonathan. (2021). Real-World Economics Review Blog. 15 October. (Article - Magazine; English).

  • Dominant Capital and the Government
    on October 29, 2021

    Dominant Capital and the Government Bichler, Shimshon and Nitzan, Jonathan. (2021). Real-World Economics Review. 5 October. (Article - Magazine; English).

  • Redistributing Income Through Hierarchy
    on October 24, 2021

    Redistributing Income Through Hierarchy Fix, Blair. (2021). Working Papers on Capital as Power. No. 4. October. pp. 1-34. (Article - Working Paper; English).

  • Novels
    on October 23, 2021

    Novels Bichler, Shimshon and Nitzan, Jonathan. (2021). October. pp. 1-11. (Review; English).

  • Red Giant
    on October 12, 2021

    Red Giant Bichler, Shimshon and Nitzan, Jonathan. (2021). Research Note. October. pp. 1-8. (Article - Working Paper; English).

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