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 summarized as follows: capital is power quantified in monetary terms. But what do we do when we quantify? What is […]
Originally published on Economics from the Top Down Blair Fix In the opening post of this blog, I described my ‘top-down’ approach to studying society. This means studying groups of people without trying to reduce everything to the actions of individuals. It’s not that I think individual actions are unimportant. Of course they are important. […]
Originally published on Economics from the Top Down Blair Fix There is an exciting side of blogging that I want to explore here. Blogging can tell the story behind research. This is something you don’t get in journals. Most scientific articles obey a formula that goes like this: Here is the question I asked. Here […]
Articles ‘Testing’ the Labor Theory of Value with Metaphysical Alchemy Blair Fix March 2026 Humbug Labor Values Isabella K. Sabatino March 2026 Capital as Power in the 21st Century A Conversation Michael Hudson, Jonathan Nitzan, Tim Di Muzio, and Blair Fix February 2025 Manuscripts Don’t Burn Shimshon Bichler and Jonathan Nitzan September 2023 The Capital […]
Peer Review The Review of Capital as Power practices double-blind peer review. Neither the author nor the referees are known to one another. Each manuscript is reviewed by two referees. If the reviewers disagree, we may consult a third referee. Reviewers should focus on constructive commentary that will help authors strengthen their article. We ask […]
Submission Guidelines To submit an article, please email your manuscript to blairfix@fastmail.com with the subject ‘RECASP submission’. Manuscripts should be sent as a PDF file. Anonymous Peer Review The Review of Capital as Power practices double-blind peer review. To facilitate review, please send two versions of your manuscript: Version 1: includes author information (including a […]
Advisory Board Editor Blair Fix Toronto, Canada Founding Editor Tim Di Muzio University of Wollongong, Australia Board
Review of Capital as Power The Review of Capital as Power (RECASP) is a non-disciplinary, peer-reviewed journal dedicated to the study of capital and capitalism. The journal invites contributions that engage with the idea of ‘capital as power’ – namely, the notion that capital is a symbolic quantification of organized power, and that capitalism as […]
Capital as Power This site explores the idea of ‘capital as power’, a radical approach to political economy that conceives ‘capital’ as a symbolic quantification of power. Our goal is to foster debate about received wisdom in political economy. As such, we conceive capital-as-power research as non-disciplinary. Contributions from any scientific background are welcome. Our […]
What’s New 2026-03-20 Fix, '‘Testing’ the Labor Theory of Value with Metaphysical Alchemy' ‘Testing’ the Labor Theory of Value with Metaphysical Alchemy BLAIR FIX March 2026 Economists have developed a timeworn algorithm for ‘testing’ untestable theories: they take what they can observe, which is usually monetary value, and … 2026-03-14 Isabella K. Sabatino wins the […]
Blair Fix, Jonathan Nitzan and Shimshon Bichler The study of economic growth is central to macroeconomics. More than anything else, macroeconomists are concerned with finding policies that encourage growth. And by ‘growth’, they mean the growth of real GDP. This measure has become so central to macroeconomics that few economists question its validity. Our intention […]
Shimshon Bichler and Jonathan Nitzan Originally published at Real World Economics Review Blog. A new, capitalism-denying book is on the shelves, and it makes a stunning discovery: ‘Capitalism without competition is not capitalism’! Distortions: Capitalism Denied Capitalist crisis, like climate change, tends to breed ‘capitalism deniers’. The problem, argue the deniers, lies not in capitalism […]
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 late Roman Republic. Since then, the division of property and contract has been an underlying structure of Western law. The […]
Theory and Praxis, Theory and Practice, Practical Theory CORENTIN DEBAILLEUL, SHIMSHON BICHLER and JONATHAN NITZAN April 2018 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 […]
The CasP Project Past, Present and Future SHIMSHON BICHLER and JONATHAN NITZAN April 2018 Abstract The study of capital as power (CasP) began when we were students in the 1980s and has since expanded into a broader project involving a growing number of researchers and new areas of inquiry. This paper provides a bird’s-eye view […]
Joe Francis The tendency toward buying other companies more than building new productive capacity continues in the United States In a past life I had access to expensive databases of corporate statistics, which I used to calculate the buy-to-build indicator for the United States from the 1880s until 2012. In short, the buy-to-build indicator shows […]
The Forum on Capital as Power presents a panel series at the Montreal 2018 Great Transition Conference, May 17-20. The panels include the following papers: 1. ‘What is Capital as Power?’ Shimshon Bichler, Israel and Jonathan Nitzan, Canada 2. ‘Capitalization, Capital Goods and the State of Capital: The Boundaries of Accumulation’ DT Cochrane, Ryerson University […]
ABSTRACT Existing theories of capitalism, mainstream as well as heterodox, view capitalism as a mode of production and consumption. The purpose of this ongoing speaker series is to interrogate capitalism as a mode of power. The presentations offer a power theory of personal income distribution (Blair Fix, 2:30-5:30pm, October 17, 2017), explore the power to […]
This presentation will examine how and why political economic theories of mass culture have accumulated, but not settled, methodological issues about the meaning of value and the nature of productivity. Labour is certainly an important factor to any comprehensive study of capitalist mass culture, but it is our assumptions about economic productivity and not the […]
DT Cochrane 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 […]
