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February 7, 2024

Abstract Political economists, both mainstream and Marxist, find it difficult to reconcile the «real» and «financial» appearances of capital. The conventional view is that «real» capital is an objective productive entity; that «finance» merely reflects …

January 12, 2024

Regan Boychuk Author’s Note: John D. Rockefeller Sr. had the last laugh about American anti-trust law and the muck-raking media before descending to Dante’s 9th Circle in May 1937. The oil industry’s center of gravity had …

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 …

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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


January 12, 2024

Regan Boychuk Author’s Note: John D. Rockefeller Sr. had the last laugh about American anti-trust law and the muck-raking media before descending to Dante’s 9th Circle in May 1937. The oil industry’s center of gravity had …

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 …

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Publications


February 7, 2024

Abstract Political economists, both mainstream and Marxist, find it difficult to reconcile the «real» and «financial» appearances of capital. The conventional view is that «real» capital is an objective productive entity; that «finance» merely reflects …

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 …

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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


February 21, 2024 10:20 pm

msk0

Thank you, yes; this is the PPI-adjusted manufacturing construction spending, Thank you for your responses.  

February 18, 2024 10:58 am

Jonathan Nitzan

True — but (1) a significant part of this increase is due to input-price inflation, and (2) construction is roughly 4% of U.S. GDP, so its impact on the overall growth trend is limited.

February 17, 2024 7:48 pm

msk0

Yes, the long term trends are downward, but there is a major uptick in manufacturing construction spending not seen in decades;

February 14, 2024 1:21 pm

Jonathan Nitzan

The ‘external breadth’ of accumulation can be measured in different ways. Here are two simple figures to put the prospects of a new U.S. external breadth regime in historical context. Figure 1 shows U.S. net private …

February 8, 2024 12:15 pm

msk0

Does it look like the global economy is moving into a new breadth cycle, or at least in some advanced core countries (the UK being an exception) and adjacent periphery partners? CapEx is mostly rising …

December 19, 2023 10:50 am

CM

Excellent, thank you!

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Bichler & Nitzan Archives


  • Правда об инфляции (The Truth About Inflation)
    on February 28, 2024

    Правда об инфляции (The Truth About Inflation) Fix, Blair. (2024). Новый курс. February. pp. 1-26. (Article - Magazine; Russian).

  • Degrowth and Capital: Assembling a Power-Centred Theory of Change
    on February 10, 2024

    Degrowth and Capital: Assembling a Power-Centred Theory of Change Vastenaekels, Julien. (2023). Unpublished PhD Dissertation. Faculté des Science. Universite Libre de Bruxelles. (Thesis; English).

  • The Mismatch Thesis. Fiction and Reality in the Accumulation of Capital
    on January 27, 2024

    The Mismatch Thesis. Fiction and Reality in the Accumulation of Capital Bichler, Shimshon and Nitzan, Jonathan. (2023). Revista de Estudios Globales. Análisis Histórico Y Cambio Social. (Special Issue: Capital ficticio y digitalización). Vol. 3. No. 5. December. pp. 13-40. (Article - Journal; English).

  • Massaging the Message: How Oilpatch Newspapers Censor the News
    on December 26, 2023

    Massaging the Message: How Oilpatch Newspapers Censor the News Fix, Blair. (2023). Economics from the Top Down. 22 December. pp. 1-21. (Article - Magazine; English).

  • Unhealthy Profits
    on December 26, 2023

    Unhealthy Profits Mouré, Christopher and Gorsky, Shai. (2023). The Mint. 23 December. pp. 1-6. (Article - Magazine; English).

  • Capital as Death Denial
    on December 19, 2023

    Capital as Death Denial Hager, Sandy Brian. (2023). In Clickbait Capitalism: Economies of Desire in the Twenty-First Century. Edited by Samman, Amin and Gammon, Earl. Chapter 2. Manchester. Manchester University Press, pp. 41-60. (Book Chapter; English).

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