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The 2024 Capital as Power Essay Prize is now open. Details here.

What’s New


September 26, 2023

Jerry Cayford Originally published here A conversation, eighty-some years ago, shaped our world today. The conversation was among three papers in economics. In 1939, Nicholas Kaldor and John Hicks published papers that steered economics through …

September 20, 2023

Originally published at Economics from the Top Down Blair Fix One of the challenges of studying the past is that time has a maddening way of erasing evidence. Take the origin of life — the …

September 12, 2023

Manuscripts Don’t Burn SHIMSHON BICHLER and JONATHAN NITZAN September 2023 Keywords censorship, ideology, marxism, neoliberalilsm, peer review, plagiarism Citation Bichler, Shimshon, and Nitzan, Jonathan. 2023. ‘Manuscripts Don’t Burn’. Review of Capital as Power, Vol. 2, …

September 12, 2023

The Capital as Power Approach An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan Nitzan SHIMSHON BICHLER and JONATHAN NITZAN September 2023 Keywords capital accumulation, capitalization, interview, Marxism, modes of power, stagflation, systemic fear, value theory …

September 8, 2023

Originally published at pluralistic.net Reproduced under a Creative Commons Attribution 4.0 license Cory Doctorow “Political economy” may sound like an obscure technical matter, but it’s a really very simple (and incredibly important) idea: That the …

August 20, 2023

Abstract Israel’s ongoing crisis – or ‘judicial coup’ in popular parlance – has elicited two opposite responses. The first comes from global rating agencies, economists and investment strategists who see Israel’s country risk rising. The …

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Review of Capital as Power (RECASP)


September 12, 2023

Manuscripts Don’t Burn SHIMSHON BICHLER and JONATHAN NITZAN September 2023 Keywords censorship, ideology, marxism, neoliberalilsm, peer review, plagiarism Citation Bichler, Shimshon, and Nitzan, Jonathan. 2023. ‘Manuscripts Don’t Burn’. Review of Capital as Power, Vol. 2, …

September 12, 2023

The Capital as Power Approach An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan Nitzan SHIMSHON BICHLER and JONATHAN NITZAN September 2023 Keywords capital accumulation, capitalization, interview, Marxism, modes of power, stagflation, systemic fear, value theory …

January 17, 2023

The Business of Strategic Sabotage SHIMSHON BICHLER and JONATHAN NITZAN January 2023 Abstract In a recent article, Nicolas D. Villarreal claims that our empirical analysis of the relation between business power and industrial sabotage in …

June 23, 2022

Pensions and Power The Political and Market Dynamics of Public Pension Plans ERALD KOLASI June 2022 Abstract This paper uses the theory of ‘capital as power’ to analyze the struggle over public pensions in the …

May 3, 2022

Costly Efficiencies Healthcare Spending, COVID-19, and the Public/Private Healthcare Debate CHRIS MOURÉ May 2022 Abstract Proponents of private healthcare often claim that the private sector is more ‘efficient’ at delivering healthcare services. This paper tests …

hype (from wiki commons)
April 23, 2022

Hype The Capitalist Degree of Induced Participation YURI DI LIBERTO April 2022 Abstract Power is usually considered as either a ‘positive’ or ‘negative’ construct, as in the power to force action versus the power to …

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Blog


September 26, 2023

Jerry Cayford Originally published here A conversation, eighty-some years ago, shaped our world today. The conversation was among three papers in economics. In 1939, Nicholas Kaldor and John Hicks published papers that steered economics through …

September 20, 2023

Originally published at Economics from the Top Down Blair Fix One of the challenges of studying the past is that time has a maddening way of erasing evidence. Take the origin of life — the …

September 8, 2023

Originally published at pluralistic.net Reproduced under a Creative Commons Attribution 4.0 license Cory Doctorow “Political economy” may sound like an obscure technical matter, but it’s a really very simple (and incredibly important) idea: That the …

July 22, 2023

Regan Boychuk Green Party of Alberta energy critic Author’s note Extraordinary claims require extraordinary evidence. The suggestion that a semi-secret conspiracy of racists transferred imperial control of Canada from the British to the Americans on …

July 17, 2023

Daniel Baryon Originally published at libcom.org Author’s Note The following is the script of the video I published on my channel Anark. If you would like to watch that video, it is here Minor edits …

June 14, 2023

Originally published at Wealth Economics Steve Roth Following the community of Socks (?s) or “social democrats” out there on the interwebs (this is definitely my economic tribe), in articles, and in books, there’s a particular …

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Publications


July 15, 2023

Abstract This essay opposes the idea that contemporary critical events like pandemics, global warming, environmental deterioration, et cetera, are to be considered as affecting humanity in a uniform way. Instead of seeing these phenomena like …

July 14, 2023

Abstract Este artículo intenta sentar las bases para una comprensión de los precios radicalmente diferente a como los entiende el pensamiento económico tradicional. Tras revisar algunos aspectos relevantes de la crítica a la teoría del …

May 30, 2023

Abstract This paper builds an empirical and theoretical model to analyze how the financial goal of risk reduction changed the insides of Hollywood’s star system. For the moviegoer looking at Hollywood cinema from the outside, …

April 3, 2023

Abstract Rapid technological change is often touted as a fundamental reality of capitalist societies. It is also presented as concrete evidence for the supposed progressive improvement of material well-being that characterises the capitalist system of …

March 24, 2023

Abstract Od głodu i biedy po zwykłe marnotrawstwo i nawracające fale przeróżnych kryzysów – to nie niepożądane skutki uboczne kapitalizmu, ale przejawy sabotażu. Bo nic nie utrwala władzy kapitału skuteczniej niż istnienie szerokiej rzeszy ludzi, …

February 6, 2023

Abstract Capitalizing a Cure takes readers into the struggle over a medical breakthrough to investigate the power of finance over business, biomedicine, and public health. When curative treatments for hepatitis C launched in 2013, sticker …

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Working Papers on Capital as Power


August 20, 2023

Abstract Israel’s ongoing crisis – or ‘judicial coup’ in popular parlance – has elicited two opposite responses. The first comes from global rating agencies, economists and investment strategists who see Israel’s country risk rising. The …

April 28, 2023

Abstract This paper is part of a dialogue with Blair Fix on how inflation redistributes income between creditors and workers and the way in which monetary policy affects this process. In his 2023 paper, ‘Inflation! …

October 31, 2022

Abstract Marxists love to hate the theory of capital as power, or CasP for short. And they have two good reasons. First, CasP criticizes the logical and empirical validity of the labour theory of value …

January 3, 2022

Abstract This paper builds an empirical and theoretical model to analyze how the financial goal of risk reduction changed the insides of Hollywood’s star system. For the moviegoer looking at Hollywood cinema from the outside, …

December 23, 2021

Abstract Neoclassical economics is the official scientific underpinning of capitalism as well as its main ideological defence, and according to Keen, it fails in both tasks. Contrary to received opinion, neoclassicism cannot explain capitalism – …

December 23, 2021

Abstract This note offers some speculative ideas worth considering. One of the key features of all hierarchical civilizations is their rulers’ fear of death. This fear was famously narrated in the ancient myth of Gilgamesh …

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Forum


September 30, 2023 7:12 pm

Jonathan Nitzan

Nice be so highly graded, if only among the non-sequiturers!

September 30, 2023 12:25 pm

Scot Griffin

Sterling non sequitur.  A+++.

September 28, 2023 7:48 pm

Jonathan Nitzan

The tail that wags the dog? The accumulation of ‘actual’ capital is counted in backward-looking labour time, while the confidence of the accumulators relies on the forward-looking ‘fiction’ of credit (or the other way around). …

September 28, 2023 2:11 pm

Scot Griffin

From The Class Struggles in France: 1849-1850:   Both public credit and private credit were, of course, shaken. Public credit is based on the confidence that the state will allow itself to be exploited by …

September 8, 2023 9:25 pm

Rowan Pryor

I guess this comes under the heading of preparing theory for the day it is required. Compared to human life spans, history can move slowly. It’s like the old joke though. How did you go …

September 8, 2023 8:15 pm

Jonathan Nitzan

1. It would be nice to offer solutions, but first we need to convince our audience there is a problem. We have been trying to do so for over 40 years, and truth be told, …

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Bichler & Nitzan Archives


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