Capital As Power – Toward a New Cosmology of Capitalism

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Ten Tips For Doing Open Science
by Blair Fix on June 23, 2020 at 2:19 pm
Originally published on Economics from the Top Down. Science is the quintessential public good. It’s an iterative process in which new knowledge builds on previous knowledge. For this process to work, science needs to be ‘open’. Both the results and methods of scientific research […]
Productivity Does Not Explain Wages
by Blair Fix on June 14, 2020 at 2:38 pm
Originally published on Economics from the Top Down. Does productivity explain income? I asked this question in a previous post. My answer was a bombastic no. In this post, I’ll dig deeper into the reasons that productivity doesn’t explain income. I’ll focus on wages. The evidence […]
The Tyranny of Meritocracy
by Blair Fix on June 6, 2020 at 5:10 pm
Originally published on Economics from the Top Down. Like many Canadians, I grew up with a faith in meritocracy. Do your best, I believed, and the world would reward you. In school, this idea seemed self-evidently true. I worked hard, and was rewarded with good grades and praise from teachers. And […]

Reconsidering Systemic Fear and the Stock Market: A Reply to Baines and Hager
on July 1, 2020 at 11:56 pm
Reconsidering Systemic Fear and the Stock Market: A Reply to Baines and Hager McMahon, James. (2020). Working Papers on Capital as Power. Version 1. No. 2020/04. July. pp. 1-36. (Article - Working Paper; English).
Manuscripts Don't Burn
on June 2, 2020 at 9:16 pm
Manuscripts Don't Burn Bichler, Shimshon and Nitzan, Jonathan. (2020). Working Papers on Capital as Power. No. 2020/03. June. pp. 1-12. (Article - Working Paper; English).
The Capital As Power Approach. An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan Nitzan
on June 2, 2020 at 9:15 pm
The Capital As Power Approach. An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan Nitzan Bichler, Shimshon and Nitzan, Jonathan. (2020). Working Papers on Capital as Power. No. 2020/2. June. pp. 1-58. (Article - Working Paper; English).

Bichler and Nitzan, ‘Growing through Sabotage: Energizing Hierarchical Power’
by James McMahon on June 1, 2020 at 9:35 pm
ABSTRACT: According to the theory of capital as power, capitalism, like any other mode of power, is born through sabotage and lives in chains – and yet everywhere we look we see it grow and expand. What explains this apparent puzzle of ‘growth in the midst of sabotage’? The […]
Hager and Baines: ‘The Tax Advantage of Big Business’
by Blair Fix on February 10, 2020 at 9:10 am
ABSTRACT Corporate concentration in the United States has been on the rise in recent years, sparking a heated debate about its causes, consequences, and potential remedies. In this study, we examine a facet of public policy that has been largely neglected in current debates about concentration: […]
Bichler and Nitzan, 'Making America Great Again'
by Blair Fix on December 11, 2019 at 4:49 pm
ABSTRACT Trump has promised to Make America Great Again. As a self-proclaimed expert on everything of import, he knows exactly how to increase domestic investment and consumption, boost exports, reduce the country’s trade deficit, expand employment and bolster wages. And as America’s […]

Research • Still in the Danger Zone
by Jonathan Nitzan on January 14, 2020 at 7:58 pm
Statistics: Posted by Jonathan Nitzan — Tue Jan 14, 2020 2:58 pm
Political Economy • Re: Monthly Review cites Fix
by uma on January 8, 2020 at 12:30 pm
A summary of Kolakowski's critique of Marxism can be found in his article , in: First Things, Oct. 2002.You will note that he holds up the distinction of politics and economics and generally argues from a conservative point of view. But this does not invalidate his criticism of Marxism.Statistics: Posted by uma — Wed Jan 08, 2020 7:30 am
Political Economy • Re: Monthly Review cites Fix
by uma on January 8, 2020 at 10:25 am
Having read the three volumes now, I can very much recommend Kolakowski, Main Currents of Marxism. Apart from its stylistic excellence as the author "distills thought until he can state it in broad terms and accessible language and with almost no qualifiers" (to quote Daniel) this is your one-stop reading about all of Marxism from "The Founders" […]

2020/04: McMahon, ‘Reconsidering Systemic Fear and the Stock Market: A Reply to Baines and Hager’
by James McMahon on July 1, 2020 at 5:57 pm
ABSTRACT A recent New Political Economy article by Baines and Hager (2020) critiqued Shimshon Bichler and Jonathan Nitzan’s capital-as-power (CasP) model of the stock market (Bichler & Nitzan, 2016). Bichler and Nitzan’s model of the […]
2020/03: Bichler and Nitzan, ‘Manuscripts Don’t Burn’
by Blair Fix on June 2, 2020 at 10:09 pm
ABSTRACT The French Revolution changed the world. In the new order, the masters no longer need Monsieur Fouche and the thought police. They don’t need guillotines to clip brains and scissors to censor pamphlets. They don’t need […]
2020/02: Bichler and Nitzan, ‘The Capital as Power Approach. An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan Nitzan’
by Blair Fix on June 2, 2020 at 9:57 pm
ABSTRACT This interview was commissioned in October 2019 for a special issue on ‘Accumulation and Politics: Approaches and Concepts’ to be published by the Revue de la régulation. We submitted the text in March 2020, only to learn […]

The Autocatalytic Sprawl of Pseudorational Mastery
by Blair Fix on October 8, 2019 at 6:04 pm
Vol 1, No. 4, 2019 Martin, Ulf (2019), ‘The Autocatalytic Sprawl of Pseudorational Mastery‘ (PDF), Review of Capital as Power, Vol. 1, No. 4, pp. 1-30.
Propertization: The Process by which Financial Corporate Power has Risen and Collapsed
by Blair Fix on October 8, 2018 at 6:02 pm
Vol 1, No. 3, 2018 Kim, Jongchul, (2018), ‘Propertization: The Process by which Financial Corporate Power has Risen and Collapsed‘ (PDF), Review of Capital as Power, Vol. 1, No. 3, pp. 58‐82.
Theory and Praxis, Theory and Practice, Practical Theory
by Blair Fix on October 8, 2018 at 5:59 pm
Debailleul, Corentin, Shimshon Bichler and Jonathan Nitzan (2018), ‘Theory and Praxis, Theory and Practice, Practical Theory‘ (PDF), Review of Capital as Power, Vol. 1, No. 3, pp. 40-57.