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

What’s New


November 30, 2023

Abstract This chapter examines the political economy of biopharmaceutical innovation, focusing primarily on vaccines in the Covid-19 pandemic. This analysis aims to make visible the deep entanglements that entrench an extractive and dysfunctional innovation ecosystem, …

November 24, 2023

Originally published at Economics from the Top Down Blair Fix A few months ago I received an intriguing email from researcher and activist Regan Boychuk. For the past 15 years, Boychuk has been studying the …

November 18, 2023

Originally published at notes on cinema James McMahon Around the time of this post, SAG-AFTRA and the Alliance of Motion Picture and Television Producers (AMPTP) produced a tentative agreement in their 2023 negotiations. The SAG-AFTRA …

November 9, 2023

Abstract The 2023 war between Hamas and Israel elicits many different explanations. As with previous regional hostilities, here too, the pundits and commentators have numerous overlapping processes to draw on – from the struggle between …

October 31, 2023

Originally published at pluralistic.net Reproduced under a Creative Commons Attribution 4.0 license Cory Doctorow If you’ve never had a fight over the phrase “intellectual property,” count yourself lucky, you normie, you. In the land of …

October 5, 2023

Originally published at notes on cinema James McMahon Missed Part 1? You should start here. Author’s note: Around the time of this post, the WGA and the Alliance of Motion Picture and Television Producers (AMPTP) …

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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


November 24, 2023

Originally published at Economics from the Top Down Blair Fix A few months ago I received an intriguing email from researcher and activist Regan Boychuk. For the past 15 years, Boychuk has been studying the …

November 18, 2023

Originally published at notes on cinema James McMahon Around the time of this post, SAG-AFTRA and the Alliance of Motion Picture and Television Producers (AMPTP) produced a tentative agreement in their 2023 negotiations. The SAG-AFTRA …

October 31, 2023

Originally published at pluralistic.net Reproduced under a Creative Commons Attribution 4.0 license Cory Doctorow If you’ve never had a fight over the phrase “intellectual property,” count yourself lucky, you normie, you. In the land of …

October 5, 2023

Originally published at notes on cinema James McMahon Missed Part 1? You should start here. Author’s note: Around the time of this post, the WGA and the Alliance of Motion Picture and Television Producers (AMPTP) …

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 …

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Publications


November 30, 2023

Abstract This chapter examines the political economy of biopharmaceutical innovation, focusing primarily on vaccines in the Covid-19 pandemic. This analysis aims to make visible the deep entanglements that entrench an extractive and dysfunctional innovation ecosystem, …

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, …

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Working Papers on Capital as Power


November 9, 2023

Abstract The 2023 war between Hamas and Israel elicits many different explanations. As with previous regional hostilities, here too, the pundits and commentators have numerous overlapping processes to draw on – from the struggle between …

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 – …

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Forum


November 27, 2023 12:15 pm

Jonathan Nitzan

Here is the relation between the Petro-Core’s differential earnings, energy conflicts and the relative price of crude oil.

November 27, 2023 10:18 am

jmc

Hi Byron, We can break it down in parts: – R2, R-squared, R^2: This is also called the coefficient of determination. Compared to other statistical methods or economic papers, BN are not using it in …

November 27, 2023 9:42 am

Byron Macrides

Particularly this part: “And the results leave little to the imagination: based on the R2, the variance of the relative price of oil explains 66 per cent of the variance of the differential EPS of …

November 27, 2023 9:39 am

Byron Macrides

Unfortunately I am not well versed in economics or the political economy to understand fully certain aspects of your texts. In your recent article “Blood and Oil in the Orient” I am having trouble comprehending …

November 26, 2023 1:45 pm

Blair Fix

Thanks Steve. You raise good points. Essentially, we’re dealing with an absence of evidence. There is nothing in the deep archaeological record that suggests massive inequality. Scientists usually take this to mean that inequality was …

November 26, 2023 12:27 pm

Steve Roth

Hi all, jumping in late here, spurred by Blair’s contributions. The aha! for me from the book was the huge political diversity (more, less, differently, and even seasonally hierarchical/egalitarian) of pre-historic/-literate societies — discernible, with …

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Bichler & Nitzan Archives


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