Nitzan & Bichler, 'El capital como poder. Un estudio del orden y el creorden'

ABSTRACT (Spanish) Las teorías convencionales del capitalismo están sumidas en una profunda crisis: tras siglos de debates todavía son incapaces de decirnos qué es el capital. Tanto liberales como marxistas se refieren al capital como una entidad ‘económica’ que puede ser contabilizada en unidades universales de ‘utilidad’ o de ‘trabajo abstracto’. Pero estas unidades son Continue Reading

Debailleul, and Bichler and Nitzan, 'Theory and Praxis, Theory and Practice, Practical Theory'

ABSTRACT In their paper ‘The CasP Project: Past, Present and Future’, Shimshon Bichler and Jonathan Nitzan invite readers to engage critically with their theoretical framework, known as capital as power (CasP). This call for further research, reactions and critiques is the perfect occasion to raise a few questions that have grown in my mind in Continue Reading

2018/02: Fix, 'A Hierarchy Model of Income Distribution'

Based on worldly experience, most people would agree that firms are hierarchically organized, and that pay tends to increase as one moves up the hierarchy. But how this hierarchical structure affects income distribution has not been widely studied. To remedy this situation, this paper presents a new model of income distribution that explores the effects Continue Reading

2018/01: Bichler and Nitzan, 'With their Back to the Future: Will Past Earnings Trigger the Next Crisis?'

The U.S. stock market is again in turmoil. After a two-year bull run in which share prices soared by nearly 50 per cent, the market is suddenly dropping. Since the beginning of 2018, it lost nearly 10 per cent of its value, threatening investors with an official ‘correction’ or worse. As always, there is no Continue Reading