Bichler & Nitzan, ‘The Mismatch Thesis. Fiction and Reality in the Accumulation of Capital’

Abstract Political economists, both mainstream and Marxist, find it difficult to reconcile the «real» and «financial» appearances of capital. The conventional view is that «real» capital is an objective productive entity; that «finance» merely reflects this reality; and that, unfortunately, the reflection is often inaccurate, causing the two to «mismatch». This convention, we argue, is […]

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