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September 27, 2021

Note from Blair Fix: In a series of essays published in 2013 and 2014 on capitaspower.com, political economist Tim Di Muzio explored the concept of ‘sabotage’ as it applies to capitalist power. I recently rediscovered …

September 26, 2021

Originally published at pluralistic.net Cory Doctorow Reagan turned the country upside-down, in a very bad way. The “Reagan revolution” was indeed revolutionary (or, rather, counter-revolutionary), reversing a half-century of progress on social safety nets, workers’ …

September 24, 2021

Originally published at sbhager.com Sandy Brian Hager Earlier this month in Berlin I participated in the third workshop of the “Doing Debt” research network. I received the invitation back in May and was asked by …

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 22, 2021

Originally published at joefrancis.info Joe Francis Recently the Economist published a front-page feature on ‘The Tragedy of Argentina: A Century of Decline‘. By summarising the current scholarship on the ‘Argentine paradox’, the article demonstrates why the study of …

September 21, 2021

Originally published at sbhager.com Sandy Brian Hager The following piece is based on my State of the Art article in Socio-Economic Review. It was originally published for The Conversation and the World Economic Forum Global …

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Review of Capital as Power (RECASP)


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 …

October 8, 2018

Theory and Praxis, Theory and Practice, Practical Theory CORENTIN DEBAILLEUL, SHIMSHON BICHLER and JONATHAN NITZAN April 2018 Abstract In their paper ‘The CasP Project: Past, Present and Future’, Shimshon Bichler and Jonathan Nitzan invite readers …

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Blog


September 22, 2021

Originally published at joefrancis.info Joe Francis Recently the Economist published a front-page feature on ‘The Tragedy of Argentina: A Century of Decline‘. By summarising the current scholarship on the ‘Argentine paradox’, the article demonstrates why the study of …

September 21, 2021

Originally published at sbhager.com Sandy Brian Hager The following piece is based on my State of the Art article in Socio-Economic Review. It was originally published for The Conversation and the World Economic Forum Global …

September 20, 2021

Originally published at joefrancis.info Joe Francis I never met my grandsupervisor (the PhD supervisor of my PhD supervisor), but I have enjoyed reading his rants. One in particular made a major impression upon me. In Mickey …

September 18, 2021

Originally published at notes on cinema James McMahon Your movie turned out the be a flop? “Nobody knows anything”. You mistakenly believed consumers wanted to see a movie set in the 1920s? “Nobody knows anything”. …

September 17, 2021

Originally published at dtcochrane.com DT Cochrane I recently saw a misleading presentation of COVID data pertaining to Israel. In this post I’m sharing several graphs that I made to counter this misleading image. Israel is …

September 16, 2021

Originally published at sbhager.com Sandy Brian Hager I put together Figure 1 for a paper I will be presenting at the 29th Annual Meeting of the Society for the Advancement of Socio-Economics in Lyon this summer. The …

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Publications


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 …

February 9, 2021

Abstract This two-part paper details the arguments and evidence that have been marshalled by both climate scientists and social scientists to critique the current procedures and methodologies deployed by the Intergovernmental Panel on Climate Change …

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Working Papers on Capital as Power


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. …

July 1, 2020

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 …

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Forum


September 28, 2021 6:54 am

Rowan Pryor

I am very late in commenting on this essay by Jesús Suaste Cherizola. In this first comment I want to touch briefly on the issue of ontology in economics. What a relief it is to …

September 27, 2021 9:07 pm

Rowan Pryor

Scot, I basically accept your points, albeit with significant caveats. COVID-19 is probably not going to be to capitalism what the Black Death was to feudalism. That is if we hold that the Black Death …

September 27, 2021 7:32 pm

Rowan Pryor

Thank you, Jonathan, for your succinct reply. My comments tend to be discursive and prolix. I also appear to have missed the point. The term “dialectical determinism” I will take to encompass the additive meaning …

September 27, 2021 1:49 pm

Scot Griffin

COVID-19 is not to capitalism what the Black Death was to feudalism. Capitalism has survived prior pandemics (see, e.g., the Influenza Pandemic of 1918), and it will survive COVID-19. The collective action problem that is …

September 27, 2021 9:04 am

Jonathan Nitzan

Rowan Pryor wrote:Jonathan Nitzan criticises Marx for “dialectical determinism” which “perhaps explains why many of his predictions failed to materialize.” 1. Very interesting posts, Rowan, but I think their focus is different than mine in …

September 26, 2021 10:45 pm

Rowan Pryor

Please see Part 1 above first. Part 2 – The issue of “Laws” and “Tendencies” in Marx. “It’s tough to make predictions, especially about the future.” – Yogi Berra. This is a fraught area, not …

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From the CASP Archives


January 6, 2016

Abstract ¿Qué quieren decir los economistas cuando hablan de “acumulación de capital’? La respuesta es todo, menos clara. La opinión convencional es que hay dos tipos de capital: real y financiero, que deben guardar correspondencia …

May 4, 2016

Sandy Hager This is a (longer) draft version of an article that is under consideration for the newsletter of the Tax Justice Network: Tax Justice Focus. Taxation is all about power. We are constantly reminded …

September 18, 2021

Originally published at notes on cinema James McMahon Your movie turned out the be a flop? “Nobody knows anything”. You mistakenly believed consumers wanted to see a movie set in the 1920s? “Nobody knows anything”. …


Bichler & Nitzan Archives


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