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October 22, 2021

Originally published at joefrancis.info Joe Francis Daron Acemoglu, Simon Johnson and James Robinson (AJR, 2002) famously argued that a ‘reversal of fortune’ had taken place among ex-European colonies. Generally speaking, they argued, those ex-colonies that …

October 21, 2021

Originally published at pluralistic.net Cory Doctorow “Surprise billing” is when you go to the ER and discover that the doc, the specialist, or the test you got were performed by “independent contractors” who are not …

October 20, 2021

Originally published at sbhager.com Sandy Brian Hager Switching Things Up This year I am introducing a new second year undergraduate module on theories of international political economy. Modelled on the theory module I teach on …

October 18, 2021

Originally published on Economics from the Top Down Blair Fix A few weeks ago, evolutionary biologist David Sloan Wilson contacted me about an essay series he’s editing called Advice for an Aspiring Economist. The series …

October 17, 2021

Originally published at joefrancis.info Joe Francis Last year the eighth edition of the Penn World Table (PWT) was released to considerable fanfare – indeed, one commentator described it as ‘a special day for all researchers …

October 15, 2021

Originally published at pluralistic.net Cory Doctorow Comparing the government to a household or a business isn’t merely inapt (a government is a currency creator, while a household is a currency user – their budgeting constraints …

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Review of Capital as Power (RECASP)


October 9, 2021

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 …

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 …

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Blog


October 22, 2021

Originally published at joefrancis.info Joe Francis Daron Acemoglu, Simon Johnson and James Robinson (AJR, 2002) famously argued that a ‘reversal of fortune’ had taken place among ex-European colonies. Generally speaking, they argued, those ex-colonies that …

October 21, 2021

Originally published at pluralistic.net Cory Doctorow “Surprise billing” is when you go to the ER and discover that the doc, the specialist, or the test you got were performed by “independent contractors” who are not …

October 20, 2021

Originally published at sbhager.com Sandy Brian Hager Switching Things Up This year I am introducing a new second year undergraduate module on theories of international political economy. Modelled on the theory module I teach on …

October 18, 2021

Originally published on Economics from the Top Down Blair Fix A few weeks ago, evolutionary biologist David Sloan Wilson contacted me about an essay series he’s editing called Advice for an Aspiring Economist. The series …

October 17, 2021

Originally published at joefrancis.info Joe Francis Last year the eighth edition of the Penn World Table (PWT) was released to considerable fanfare – indeed, one commentator described it as ‘a special day for all researchers …

October 15, 2021

Originally published at pluralistic.net Cory Doctorow Comparing the government to a household or a business isn’t merely inapt (a government is a currency creator, while a household is a currency user – their budgeting constraints …

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Publications


October 7, 2021

Abstract This paper argues that the ability of dominant corporations in the fossil fuel and other polluting industries to shape government policy on climate change and energy issues is directly related to their financial interests …

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 …

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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


October 23, 2021 5:09 pm

jmc

Impressive list! At the rate of a novel a month, that’s around 17 years of reading.

October 22, 2021 9:41 pm

Jonathan Nitzan

Novels by Shimshon Bichler and Jonathan Nitzan Originally posted on The Bichler & Nitzan Archives *** The study of society today is divided into different disciplines – the so-called social sciences – a division that …

October 21, 2021 7:51 am

Blair Fix

I think both Chris and I get that definition of ‘markup’ from Jonathan Nitzan’s class. We can quibble with names (some people call profit/sales the ‘profit margin’) but I think the metric itself is unquestioningly …

October 21, 2021 6:48 am

Adam Marshall

Please ignore my last question. I’ve found the answer now. Most of you will proabably know this already, but I found the following explanation very helpful: “(N)ot to be confused with the S&P Composite 1500…(t)he …

October 21, 2021 6:09 am

Adam Marshall

Hi all, I just wanted to pick your brains about something. I’m looking for earnings data for the S&P 500 (going back 10-15 years or so). Although I have access to Rober Shiller’s data (www.econ.yale.edu/~shiller/data.htm), …

October 20, 2021 9:57 pm

Scot Griffin

I read “Soft-Wars” today, and I have a couple of quick comments regarding the essay. First, I note that MSFT’s fiscal year ends on June 30 and GOOG’s ends on December 31, but the figures …

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Bichler & Nitzan Archives


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