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 are totally unrelated) – it’s also profoundly dishonest. Like, if you really are worried about government “living beyond its means,” […]
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Originally published at sbhager.com Sandy Brian Hager Last month I had the pleasure of working on a new Common Wealth report entitled Commoning the Company with Mathew Lawrence, Adrienne Buller and Joseph Baines. In the report we put forth a vision for redesigning the company in light of the COVID-19 pandemic. The current crisis, we […]
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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 maximization’ but the differential accumulation of social power. Using this framework as a theoretical starting point, I analyze the differential […]
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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 in particular countries, and emblematic of the crippling effect which they have exercised on the ability of nation states to […]
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Originally published on Economics from the Top Down Blair Fix Last fall, I wrote a short article for The Mint Magazine about how income relates to hierarchy. The Mint, if you’re not familiar, does great work promoting pluralist thinking in economics. Check out their on-going Festival for Change — a festival devoted to building a […]
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Originally published at joefrancis.info Joe Francis Jeffrey Williamson‘s (2011) book Trade and Poverty: When the Third World Fell Behind is one of the most interesting attempts to explain the ‘great divergence’ between rich and poor countries. It is a shame, then, that it is marred by his use of Mickey Mouse numbers. In simplified terms, Williamson argues that […]
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Originally published at pluralistic.net Cory Doctorow One of the most exciting, eye-opening articles I’ve read in AGES. Showing how shareholder capitalism is a lie BY ITS PROPONENTS’ OWN TERMS…Genius. https://lpeblog.org/2020/02/18/privatizing-sovereignty-socializing-property-what-economics-doesnt-teach-you-about-the-corporation/ Marx thought individual property would end up being socialized, and he was right…but also wrong. The state hasn’t socialized property, corporations have. Corporatism is “capitalism […]
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Originally published at sbhager.com Sandy Brian Hager For four years now I’ve been teaching a postgraduate module called Global Political Economy: Contemporary Approaches. This is one of two core modules for our MA programme in Global Political Economy at City. While my module deals with theoretical approaches, the other core module, taught by my colleague […]
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Originally published on Economics from the Top Down Blair Fix In the field of ecological economics, Frederick Soddy looms large. Born in 1877, Soddy became a chemist and eventually won a Nobel prize for work on radioactive decay. Then he turned his attention to economics. Between 1921 and 1934, Soddy wrote four books that looked […]
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Originally published at joefrancis.info Joe Francis Andre Gunder Frank’s Lumpenbourgeoisie, Lumpendevelopment was published in 1972, almost half a century ago. Reading it now, it is surprising how contemporary it seems. Most notably, in a few pages Frank appears to provide a review of the ‘neo-institutionalist’ literature that is so prominent today in debates about the […]
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Note from Blair Fix: In a series of essays published in 2013 and 2014 on capitaspower.com, political economist Tim Di Muzio explored the concept of ‘sabotage’ as it applies to capitalist power. I recently rediscovered these essays and was so impressed by them that I have reposted them here as a single piece. About the […]
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Originally published at pluralistic.net Cory Doctorow Reagan turned the country upside-down, in a very bad way. The “Reagan revolution” was indeed revolutionary (or, rather, counter-revolutionary), reversing a half-century of progress on social safety nets, workers’ rights, and environmental protections. When we take stock of the Reagan years, we tend to focus on the actions that […]
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Originally published at sbhager.com Sandy Brian Hager Earlier this month in Berlin I participated in the third workshop of the “Doing Debt” research network. I received the invitation back in May and was asked by the organizers to present my research on ownership of the public debt and to think about how this research might […]
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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. This thinking, I argue, is a mistake. Building on Jonathan Nitzan and Shimshon Bichler’s theory of capital as power, I […]
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Originally published at joefrancis.info Joe Francis Recently the Economist published a front-page feature on ‘The Tragedy of Argentina: A Century of Decline‘. By summarising the current scholarship on the ‘Argentine paradox’, the article demonstrates why the study of the country’s history remains so necessary. The article begins with the standard claim that Argentina was rich at the beginning […]
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Originally published at sbhager.com Sandy Brian Hager The following piece is based on my State of the Art article in Socio-Economic Review. It was originally published for The Conversation and the World Economic Forum Global Agenda. A Spanish translation can be found here. Why do the richest 1% of Americans take 20% of national income, […]
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Originally published at joefrancis.info Joe Francis I never met my grandsupervisor (the PhD supervisor of my PhD supervisor), but I have enjoyed reading his rants. One in particular made a major impression upon me. In Mickey Mouse Numbers in World History: The Short View D.C.M. Platt (1989) outlined what he believed to be a major malady that […]
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Originally published at notes on cinema James McMahon Your movie turned out the be a flop? “Nobody knows anything”. You mistakenly believed consumers wanted to see a movie set in the 1920s? “Nobody knows anything”. You thought your casting decisions were going to be loved by all? “Nobody knows anything”. “Nobody knows anything”–this was the […]
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Originally published at dtcochrane.com DT Cochrane I recently saw a misleading presentation of COVID data pertaining to Israel. In this post I’m sharing several graphs that I made to counter this misleading image. Israel is currently a popular object of those committed to an anti-vax narrative because a high proportion of the population is fully […]
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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 the evolutionary theory of multilevel selection, which proposes that rather than stoke individual self interest, successful groups must suppress it. […]
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