Power and Price Construction in Capital as Power
September 11, 2020 | Blair Fix
Perhaps the most contentious concept in Nitzan and Bichler’s power theory of value (CasP), is that of power itself. The contention is rightly placed. The concept has a long, complicated history and its widespread use within the social sciences is a problematic one, in part because its meaning is often taken for granted. We are able to point to those we generally consider to be powerful – the wealthy, business and political leaders, cultural icons and taste-makers – and few will disagree. However, trying to identify what that power is proves much more complicated. …
capitalization, power, price construction, prices
Cochrane, D.T. (2015). ‘Power and Price Construction in Capital as Power’. Unpublished Paper. York University. Toronto.