What’s New
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 …
Originally published at Economics from the Top Down Blair Fix There’s something mysterious about finance. The symbols are arcane. The math is complex. The practitioners are impressively educated. And the stakes are high. All of …
Originally published at pluralistic.net Cory Doctorow I was 12 years into my Locus Magazine column when I published the piece I’m most proud of, “IP,” from September 2020. It came after an epiphany, one that …
Originally published at Economics from the Top Down Blair Fix They say that Americans love two things: freedom … and guns. The trouble with guns is obvious. The trouble with freedom is more subtle, and …
Originally published at notes on cinema James McMahon On the question of who judges the quality of a film, it is easy to start with a notion that the ultimate judge of a film’s quality …
Blair Fix The Review of Capital as Power is pleased to announce the winners of the 2022 Capital as Power Essay Prize: First Prize: ‘Costly Efficiencies: Healthcare Spending, COVID-19, and the Public/Private Healthcare Debate’, by …
Review of Capital as Power (RECASP)
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 …
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 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 …
Soft-wars A Capital-as-Power Analysis of Google’s Differential Power Trajectory CHRIS MOURÉ October 2021 Abstract The capital as power framework, developed by Jonathan Nitzan and Shimshon Bichler, argues that the aim of business is not ‘profit …
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. …
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 …
Blog
Originally published at Economics from the Top Down Blair Fix There’s something mysterious about finance. The symbols are arcane. The math is complex. The practitioners are impressively educated. And the stakes are high. All of …
Originally published at pluralistic.net Cory Doctorow I was 12 years into my Locus Magazine column when I published the piece I’m most proud of, “IP,” from September 2020. It came after an epiphany, one that …
Originally published at Economics from the Top Down Blair Fix They say that Americans love two things: freedom … and guns. The trouble with guns is obvious. The trouble with freedom is more subtle, and …
Originally published at notes on cinema James McMahon On the question of who judges the quality of a film, it is easy to start with a notion that the ultimate judge of a film’s quality …
Blair Fix The Review of Capital as Power is pleased to announce the winners of the 2022 Capital as Power Essay Prize: First Prize: ‘Costly Efficiencies: Healthcare Spending, COVID-19, and the Public/Private Healthcare Debate’, by …
Originally published at pluralistic.net Cory Doctorow Two of the most astute IP scholars I know also happen to be two of the best legal writers I know, and also happen to work at one of …
Publications
Abstract In the March 2021 issue of Harper’s, Scorsese wrote an essay to pay tribute to Federico Fellini, the Italian director who directed such great films as La Strada, 8 1/2, La Dolce Vita, Nights …
Abstract In Hollywood, the goals of art and business are entangled. Directors, writers, actors, and idealistic producers aspire to make the best films possible. These aspirations often interact with the dominant firms that control Hollywood …
Abstract Wenn man genau hinhört, kann man zuhören, wie Jeff Bezos immer reicher wird. Da ist es schon wieder, dieses Geräusch. Eine weitere Milliarde in Bezos‘ Kassen. Lassen Sie uns diesen Klang des Geldes mit …
Abstract This article examines the role of the Big Three asset management firms — BlackRock, Vanguard and State Street — in corporate environmental governance. Specifically, it charts the Big Three’s relationships with the public–owned Carbon …
Abstract Although the determinants of income are complex, the results are surprisingly uniform. To a first approximation, top incomes follow a power-law distribution, and the redistribution of income corresponds to a change in the power-law …
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 …
Working Papers on Capital as Power
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, …
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 – …
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 …
Abstract The debate around public versus private health care often turns on cost – that is, on how to reduce costs, and particularly government expenditures, when it comes to health care. This paper examines the …
Abstract Although the determinants of income are complex, the results are surprisingly uniform. To a first approximation, top incomes follow a power-law distribution, and the redistribution of income corresponds to a change in the power-law …
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 …
Forum
Jonathan Nitzan
The May 2022 data for the United States, shown in the figure below, suggest that the current bout of inflation may be peaking. The chart contrasts the annual rate of change for consumer prices (left) …
Rowan Pryor
Thank you Scot. It is a sign of my poor search skills and impatience that I did not find that paper. I will go to that thread, read the latest version of it and formulate …
Scot Griffin
Rowan Pryor wrote:In other words, my short question is this. Can we already see differentially improved profits and capitalisations accruing to a sub-set of corporations (mainly but not only pharma and medical) as most of …
Rowan Pryor
In other words, my short question is this. Can we already see differentially improved profits and capitalisations accruing to a sub-set of corporations (mainly but not only pharma and medical) as most of the economy …
Jonathan Nitzan
Scot Griffin wrote:Is anyone aware of work done to “map” the financial system? […] I think an institution-driven mapping of financial networks would be more informative for understanding the state of capital. Agreed. Such institutional …
Rowan Pryor
Is there no CasP analysis/research yet of the intersection of the Covid-19 pandemic and capital as power? Or have I missed it? Eric Topol has asked: “How can you go from sequence of a novel …
Bichler & Nitzan Archives
- Pensions and Power. The Political and Market Dynamics of Public Pension Planson June 25, 2022
Pensions and Power. The Political and Market Dynamics of Public Pension Plans Kolasi, Erald. (2022). Review of Capital as Power. Vol. 2. No. 2. June. pp. 46-80. (Article - Journal; English).
- Pravda o inflácii: prečo sa Milton Friedman mýlil, nie prvý razon May 31, 2022
Pravda o inflácii: prečo sa Milton Friedman mýlil, nie prvý raz Fix, Blair. (2022). Belobog.sk. Translated by Marián Moravčík. May. (Article - Magazine; Other).
- El Capital Como Poder. Hacia Una Nueva Cosmología del Capitalismo (2002)on May 17, 2022
El Capital Como Poder. Hacia Una Nueva Cosmología del Capitalismo (2002) Bichler, Shimshon and Nitzan, Jonathan. (2022). Libértame. Translated by Jorge Joya. 16 May. (Article - Magazine; Spanish).
- Costly Efficiencies: Health Care Spending, COVID-19, and the Public/Private Health Care Debateon May 4, 2022
Costly Efficiencies: Health Care Spending, COVID-19, and the Public/Private Health Care Debate Mouré, Christopher. (2022). Review of Capital as Power. Vol. 2. No. 2. May. pp. 17-45. (Article - Journal; English).
- Hype: The Capitalist Degree of Induced Participationon April 26, 2022
Hype: The Capitalist Degree of Induced Participation Di Liberto, Yuri. (2022). Review of Capital as Power. Vol. 2. No. 2. April. pp. 1-16. (Article - Journal; English).
- Why Scorsese is Right About Corporate Poweron April 15, 2022
Why Scorsese is Right About Corporate Power McMahon, James. (2022). Class, Race and Corporate Power. Vol. 10. No. 1. pp. 1-17. (Article - Journal; English).