Fix, 'The Aggregation Problem: Implications for Ecological and Biophysical Economics'

ABSTRACT This paper discusses the dimension problem in economic aggregation, as it relates to ecological and biophysical economics. The dimension problem consists of a simple dilemma: when we aggregate, the observer must choose the dimension of analysis. The dilemma is that this choice affects the resulting measurement. This means that aggregate measurements are dependent on Continue Reading

Bichler & Nitzan, 'Arms and Oil in the Middle East: A Biography of Research'

ABSTRACT This essay interweaves two stories—one theoretical and empirical, the other autobiographical. The first story embeds the Israeli-Palestinian conflict in the broader political economy of the Middle East and the global accumulation of “capital as power.” The second story narrates the authors’ personal journey to uncover, theorize, and research this enfoldment. The essay explores and Continue Reading

2018 Capital as Power Essay Prize

2018 Capital as Power Essay Prize First Prize $1000 Second Prize $500 Third Prize $300 http://www.recasp.com/essay-prize The Review of Capital as Power (RECASP) announces an annual essay prize on the subject of capital as power.  The best paper will receive a prize of $1000. A prize of $500 will be awarded to the second best contribution, while Continue Reading

2018/08: Bichler & Nitzan, 'CasP's '"Differential Accumulation" versus Veblen's "Differential Advantage"'

This paper clarifies a common misrepresentation of our theory of capital as power, or CasP. Many observers tend to box CasP as an ‘institutionalist’ theory, tracing its central process of ‘differential accumulation’ to Thorstein Veblen’s notion of ‘differential advantage’. This view, we argue, betrays a misunderstanding of CasP, Veblen or both. As we show, CasP’s Continue Reading

Kim, 'Propertization: The Process by which Financial Corporate Power has Risen and Collapsed'

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 paper argues that a main way of structuring financial corporate power, especially money market funds (MMFs), Continue Reading

McMahon, 'Is Hollywood a Risky Business? A Political Economic Analysis of Risk and Creativity'

ABSTRACT This paper seeks to explain why Hollywood’s dominant firms are narrowing the scope of creativity in the contemporary period (1980–2015). The largest distributors have sought to prevent the art of filmmaking and its related social relations from becoming financial risks in the pursuit of profit. Major filmed entertainment, my term for the six largest Continue Reading