CASP model of the stock market Archives

Category: Featured/Publications

Baines & Hager, ‘Financial Crisis, Inequality, and Capitalist Diversity: A Critique of the Capital as Power Model of the Stock Market’

Posted On August 2, 2019September 18, 2021 By jmc

Abstract The relationship between inequality and financial instability has become a thriving topic of research in heterodox political economy. This article offers the first critical engagement with one framework within this wider literature: the Capital as Power (CasP) model of the stock market developed by Shimshon Bichler and Jonathan Nitzan. Specifically, we extend the CasP […]

Category: Featured/Working Papers

2018/01: Bichler & Nitzan, ‘With their Back to the Future: Will Past Earnings Trigger the Next Crisis?’

Posted On April 5, 2018September 20, 2021 By Sandy Hager

Abstract The U.S. stock market is again in turmoil. After a two-year bull run in which share prices soared by nearly 50 per cent, the market is suddenly dropping. Since the beginning of 2018, it lost nearly 10 per cent of its value, threatening investors with an official ‘correction’ or worse. As always, there is […]