What’s New
2026-03-20
‘Testing’ the Labor Theory of Value with Metaphysical Alchemy BLAIR FIX March 2026 Economists have developed a timeworn algorithm for ‘testing’ untestable theories: they take what they can observe, which is usually monetary value, and …
2026-03-14
The Review of Capital as Power is pleased to announce that Isabella K. Sabatino has won the 2026 CASP Essay Prize for her landmark paper ‘Humbug Labor Values’.1 Sabatino’s paper takes aim at Anwar Shaikh’s …
2026-03-11
Humbug Labor Values ISABELLA K. SABATINO March 2026 In 1974, Anwar Shaikh published a landmark paper demonstrating that the Cobb-Douglas production function was in fact an accounting identity. As such, under fairly general conditions, the …
2026-02-17
Abstract This paper investigates the timing of labour strikes in Hollywood. The occurrence of strikes, such as the WGA and SAG-AFTRA strikes in 2023, can make sense when we have the hindsight to piece together …
2026-01-07
Abstract This paper presents a theoretical approach to the study of power in energy transitions that builds upon Capital as Power (CasP) theory and the critique of neoclassical growth theory. The approach integrates an understanding …
2026-01-02
Abstract The study of energy transition is crucial to confronting the risks of climate change. However, it lacks a methodical approach to understanding relations of capitalist power, energy regime, and transitional dynamics. This study offers …
Review of Capital as Power (RECASP)
2026-03-20
‘Testing’ the Labor Theory of Value with Metaphysical Alchemy BLAIR FIX March 2026 Economists have developed a timeworn algorithm for ‘testing’ untestable theories: they take what they can observe, which is usually monetary value, and …
2026-03-11
Humbug Labor Values ISABELLA K. SABATINO March 2026 In 1974, Anwar Shaikh published a landmark paper demonstrating that the Cobb-Douglas production function was in fact an accounting identity. As such, under fairly general conditions, the …
2025-02-24
Capital as Power in the 21st Century A Conversation MICHAEL HUDSON, JONATHAN NITZAN, TIM DI MUZIO, and BLAIR FIX February 2025 Abstract On December 3, 2024, Michael Hudson met with capital-as-power researchers Jonathan Nitzan, Tim …
2023-09-12
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, …
2023-09-12
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 …
2023-01-17
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 …
Blog
2026-03-14
The Review of Capital as Power is pleased to announce that Isabella K. Sabatino has won the 2026 CASP Essay Prize for her landmark paper ‘Humbug Labor Values’.1 Sabatino’s paper takes aim at Anwar Shaikh’s …
2025-08-12
Originally published at notes on cinema James McMahon To most of us, the beating heart of Hollywood film and TV is where we imagine it is supposed to be, in the historical studio lots of …
2025-05-14
Regan Boychuk British, American, and Russian elites planned global domination through one great war a century ago, but it did not quite work out. Instead, today we approach a third world war to avoid democracy …
2025-05-02
Originally published at pluralistic.net Reproduced under a Creative Commons Attribution 4.0 license Cory Doctorow You know how “realist” has become a synonym for “asshole?” As in, “I’m not a racist, I’m just a ‘race realist?'” …
2025-04-09
Originally published at notes on cinema James McMahon I will be presenting at the Society for Cinema and Media Studies (SCMS) conference on Friday, April 4 at 6PM. Here is the chart book for the …
2024-08-20
Coda to the 6-part series Alberta’s Rockefeller Coups Regan Boychuk Since a small and relatively weak people living alongside a great and powerful people necessarily devotes much time to study and observation of its large …
Publications
2026-01-07
Abstract This paper presents a theoretical approach to the study of power in energy transitions that builds upon Capital as Power (CasP) theory and the critique of neoclassical growth theory. The approach integrates an understanding …
2025-09-11
Abstract This article traces the shifting fortunes of for-profit psychedelic medicine through two phases: a boom from 2016 to late 2021, followed by a bust that continued through late 2024. It argues that the forces …
2025-04-02
Abstract An early analysis of the imperialist implications of the surge of global commodity prices was conducted in 2014 by Jonathan Nitzan and Shimshon Bichler. However, their analysis did not consider how the US monetary …
2025-03-24
Abstract National champion policies in BRICS countries pose challenges for governance in global meat processing markets as they increase concentration, reduce competition and enhance corporate power in food systems. We investigate the degree to which …
2025-03-03
Abstract El 3 de diciembre de 2024, Michael Hudson se reunió con los investigadores del capital como poder Jonathan Nitzan, Tim Di Muzio y Blair Fix para discutir las intersecciones entre sus dos líneas de …
2024-12-16
Abstract Our recent article on ‘The Road to Gaza’ examined the history of the three supreme-God churches and the growing role of their militias in armed conflicts and wars around the world. The present paper …
Working Papers on Capital as Power
2026-02-17
Abstract This paper investigates the timing of labour strikes in Hollywood. The occurrence of strikes, such as the WGA and SAG-AFTRA strikes in 2023, can make sense when we have the hindsight to piece together …
2025-07-18
Abstract This paper tries to answer the question: in what ways does the logic of capital accumulation shape the organization of hospital care in the US – a sector characterized by a preponderance of both …
2025-03-06
Abstract This study examines the declining usage lifespan of household consumer durables in the United States between 1970 and 2018, situating the phenomenon within a heterodox political economy framework. While mainstream economic narratives attribute the …
2024-08-19
Abstract Our recent article on ‘The Road to Gaza’ examined the history of the three supreme-God churches and the growing role of their militias in armed conflicts and wars around the world. The present paper …
2024-08-15
Abstract Much of the economic analysis of banking crises focuses on the interplay between concentration and stability. A common theory is that concentration is associated with greater stability, whereas competition is associated with instability. In …
2024-08-14
Abstract Hager’s project examines the historical development of US public debt ownership and its political implications. His main innovation is to approach the topic from the perspective of disaggregated social class and frame questions of …
Forum
2026-04-19
Jonathan Nitzan
Jonathan Nitzan
Thank you, Ulf. It’s always good to hear from you. A few general points before turning to your individual items. A. We (Shimshon and I) see capitalism as a totalizing mode of power which emerged …
2026-04-17
Ulf Martin
Ulf Martin
Here are a few questions for you and Shimshon. 1. Do you think that Petro Core manufactured the Iran war to generate higher profits? (Werner Rügemer sent me this question.) 2. Is it just about …
2026-04-11
Jonathan Nitzan
Jonathan Nitzan
Back in June 2022 we suggested — and in retrospect, correctly — that because inflation redistributes earnings away from workers, the post-Covid bout of inflation would be self limiting. Now it seems that the same thing …
2026-04-02
Ulf Martin
Ulf Martin
The difficulty here is that causality cannot be scientifically proven. Well, at least the so-called “pandemic” – one of several “centralization scams” as Nick Hudson calls them* – shows that large, indeed world-wide scams can …
2026-04-02
Jonathan Nitzan
Jonathan Nitzan
1. max gr wrote: Sure, but also besides the point is the neoclassicist view in toto. This argument can come as easily from a neo-Marxist, assuming chronic over-production in the oil industry; or just …
2026-03-29
max gr
max gr
Sure, but also besides the point is the neoclassicist view in toto. This argument can come as easily from a neo-Marxist, assuming chronic over-production in the oil industry; or just any skeptical radical, taking the …
Bichler & Nitzan Archives
2026-04-02
Shimshon Bichler & Jonathan Nitzan
Shimshon Bichler & Jonathan Nitzan
Carissimi, veniamo inondati di articoli sulle cause e sulle conseguenze delle guerre del golfo che proseguono dopo decenni, tutti incentrati sulle "scelte politiche", "religiose", "egemoniche" "imperialiste" e quant’altro riguardi i fenomeni superficiali e giornalistici del …
2026-03
Shimshon Bichler & Jonathan Nitzan
Shimshon Bichler & Jonathan Nitzan
Over the years, we have researched and published many papers and book chapters on the global political economy of the Middle East, with particular emphasis on the relation between oil, armament and regional conflicts as …
2026-03
Blair Fix
Blair Fix
Economists have developed a timeworn algorithm for ‘testing’ untestable theories: they take what they can observe, which is usually monetary value, and declare that it measures what they cannot observe. I call this algorithm ‘metaphysical …
2026-03
Shimshon Bichler & Jonathan Nitzan
Shimshon Bichler & Jonathan Nitzan
In February 2026, the United States and Israel attacked Iran, kick-starting a new Middle East ‘energy conflict’. And like most energy conflicts over the past half century, this one too began after the region fell …
2026-03
Isabella K Sabatino
Isabella K Sabatino
*** Winner of the 2026 CASP Essay Prize *** In 1974, Anwar Shaikh published a landmark paper demonstrating that the Cobb-Douglas production function was in fact an accounting identity. As such, under fairly general …
2026
James McMahon
James McMahon
This paper investigates the timing of labour strikes in Hollywood. The occurrence of strikes, such as the WGA and SAG-AFTRA strikes in 2023, can make sense when we have the hindsight to piece together the …