Abstract Este artículo intenta sentar las bases para una comprensión de los precios radicalmente diferente a como los entiende el pensamiento económico tradicional. Tras revisar algunos aspectos relevantes de la crítica a la teoría del dinero como mercancía, se muestra que el pensamiento tradicional es incapaz de captar las propiedades irreductibles de los precios y […]
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Originally published on Economics from the Top Down Blair Fix As some of you may know, I recently became the editor of the Review of Capital as Power (RECASP), a journal that publishes research on the power underpinnings of capitalism. Each year, RECASP hosts an essay competition. I’m proud to announce that the winner of […]
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From Commodities to Assets Capital as Power and the Ontology of Finance JESÚS SUASTE CHERIZOLA May 2021 Abstract Assets are a crucial concept of the practice and mindset of the capitalist class. Critical analyses of capitalism, however, tend to admit that the exchange of commodities is the foundation of the analysis of capitalism. This article […]
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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 recent ‘financial crisis’. The very term already attests to the presumed nature and causes of the crisis, which most observers indeed believe […]
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DT Cochrane The Globe & Mail recently published a roundup of seven analyses of the Canadian housing sector. All of the analyses took some position on whether or not housing in Canada is “overvalued.” The positions ranged from 60 percent overvalued to seven percent under-valued. Regardless of the position, all of the analyses – at […]
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