Africa and Capital as Power

March 21, 2018

This post was written by Tim DiMuzio and originally appeared on the website for Review of African Political Economy. Despite the fact that the ‘capital as power’ approach to critical political economy has been around for some time now, it is not very widely used and/or understood.  Part of the reason for this, I believe, … Read more

Podcast Interview with Blair Fix on Capitalism, Hierarchy, and Energy

February 9, 2018

Blair Fix, whose publications are available on this site, was interviewed by Post-Scarcity Anarchism. The interview covers his research on energy use and the relationship between hierarchy and personal income. Worth the listen!

Profit warning: there will be blood

December 12, 2017

The following research note by Shimshon Bichler and Jonathan Nitzan first appeared on Real World Economics Review Blog. We have just updated the charts in our 2014 RWER paper ‘Still About Oil?’, and the picture they portray reads like a capitalist call for arms. Beginning in the late 1980s, we suggested that, since the late … Read more

Comment on Can Capitalists Afford a Trumped Recovery?

May 12, 2017

The following commentary on Nitzan and Bichler’s piece ‘Can Capitalist Afford a Trumped Recovery?’ first appeared on the blog Pension Pulse, written by Leo Kolivakis. Earlier this week, I hooked up for a lunch with George Archer and Jonathan Nitzan, two friends of mine who also had previous stints working at BCA Research. I enjoyed our lunch … Read more

Did the Market Punish United Airlines?

April 19, 2017

In the days following the wide-spread distribution of a video depicting Chicago transportation police officers violently removing Dr. David Dao from a United Airlines flight, there was celebration as the market pummelled the airlines shares (UAL). Or did it? Although the incident generated a great deal of outrage on Twitter, and early in the trading … Read more

Spiegel Online Analysis of Deutsche Bank’s Differential Misfortune

January 2, 2017

Deutsche Bank was a central figure of the 2008 global financial crisis. While some of its compatriots, such as Goldman Sachs, have re-ascended to the commanding heights of global capital, Deutsche remains a shadow of its former self as seen in the graph below (screenshot from Yahoo! Finance). A comparison of Deutsche Bank (DB) with … Read more

Trump, US Public Debt, and the Future of Global Financial Power

December 16, 2016

The following post is based loosely on my presentation at the first annual Thammasat University-Conference for Asia Pacific Studies in Phuket, Thailand (8-9 December 2016).  What a difference a few months makes. This past summer I published a piece in the European Journal of International Relations on the role of US Treasury securities as the … Read more

Logics AND the Logic of Accumulation

September 1, 2016

The presiding logic of capitalism is that of accumulation. CasP re-emphasizes and re-theorizes accumulation as ‘Moses & the Prophets’ of capitalism. However, Nitzan and Bichler’s theorization severs the link between accumulation and productivity that grounds both mainstream and critical value theory. Instead, they emphasize the meaning of the nominal quantities of capital as a translation … Read more

Protecting the Game from the Players

June 7, 2016

In certain circles, Charlie Munger is a demi-god. He is the vice-chairman of Berkshire Hathaway, the holding company controlled by the god of markets himself, or rather, Warren Buffett. The words spoken and written by both Buffett and Munger are treated as divine insights on the way the world works or ought to work. Recently, Munger … Read more

Corporate Taxation and the Power Theory of Value

May 4, 2016

This is a (longer) draft version of an article that is under consideration for the newsletter of the Tax Justice Network: Tax Justice Focus.  Taxation is all about power. We are constantly reminded of this when flipping through any newspaper (or browsing any news website). The Panama Papers, the stuff of which front page headlines … Read more

Why Diamonds and De Beers?, or The Need for Accumulation Studies

April 15, 2016

Preface. I successfully defended my dissertation in December. This served as the introductory presentation for the defence. In it, I explain what I tried to do with the dissertation, the methods I used, and the larger project I hope it is initiating. Specifically, I suggest there is a need for accumulation studies as a field … Read more

Social Change and the Bottom Line

April 14, 2016

The North Carolina legislature recently passed a law, widely known as the ‘Bathroom Bill,’ that bans anti-discrimination protections for gay and transgender people. The law has generated a lot of backlash from the general public and several high-profile musicians have cancelled scheduled appearances in the state. However, it is not just activists or celebrities who … Read more