Mouré, ‘No Shortage of Profit: Technological Change, Chip ‘Shortages’, and Capital Accumulation in the Semiconductor Business’

Abstract Rapid technological change is often touted as a fundamental reality of capitalist societies. It is also often presented as concrete evidence for the supposed progressive improvement of material well-being that characterises the capitalist system of social order. Since its emergence in the mid-20th century, semiconductor technology in many ways exemplifies this reality. Yet the […]

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Bichler & Nitzan, ‘Capital Accumulation: Fiction and Reality’

Abstract What do economists mean when they talk about “capital accumulation”? Surprisingly, the answer to this question is anything but clear, and it seems the most unclear in times of turmoil. Consider the “financial crisis” of the late 2000s. The very term already attests to the presumed nature and causes of the crisis, which most […]

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Baines, ‘Food Price Inflation as Redistribution: Towards a New Analysis of Corporate Power in the World Food System’

Abstract This paper outlines the contours of a new research agenda for the analysis of food price crises. By weaving together a detailed quantitative examination of changes in corporate profit shares with a qualitative appraisal of the restructuring in business control over the organisation of society and nature, the paper points to the rapid ascendance […]

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Nitzan, ‘Inflation As Restructuring. A Theoretical and Empirical Account of the U.S. Experience’

Abstract The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of ongoing structural and institutional change. In the modern context of […]

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