Has Wealth Gone Digital?

Originally published on Economics from the Top Down. A revolution is underway around us and it’s called the digital. And it’s changing everything. More than 80% of wealth is now non-material. — Charles Foran in Just don’t say his name: the modern left on Karl Marx’s place in politics (41:30) Has wealth gone digital? Both […]

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No. 2015/03: Bichler and Nitzan, “Capital Accumulation: Fiction and Reality”

Working Paper No. 2015/03 Shimshon Bichler and Jonathan Nitzan, “Capital Accumulation: Fiction and Reality” 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 […]

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The 1%, Exploitation and Wealth

Shimshon Bichler, Jonathan Nitzan and Tim Di Muzio Abstract Tim Di Muzio interviews Shimshon Bichler and Jonathan Nitzan about how their ‘capital as power’ framework fits with the Occupy Wallstreet movement, the Marxist theory of exploitation, and the origins of wealth. Keywords capital as power, exploitation, Marxism, Occupy Wall Street, power theory of value, the […]

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