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Can Capitalists Afford Recovery? A 2018 Update and a Closer Look
Get PDFThis research note starts by showing that, for much of the postwar period, U.S. unemployment to has been a highly reliable leading indicator for the capitalist share of domestic income three years later, and then assesses whether this relationship still holds
2018 Capital as Power Essay Prize
Get PDFThe Review of Capital as Power (RECASP) announces an annual essay prize on the subject of capital as power. The best paper will receive a prize of 500 will be awarded to the second best contribution, while a $300 prize will be given to the third best article.
Submitted articles should not have been published in a refereed journal or book before. The particular topic is open. The paper can be theoretical, historical or empirical, and it may support or critique the capital as power framework. Winning essays will be published (with revisions, if necessary) in the Review of Capital as Power.
DEADLINE: January 31, 201
Kapitalizm: Sabotaj Yoluyla Büyüme – 2
Get PDFAnarşist Ekonomi Tartışmaları yazı dizimize, önceki sayılarda ilk üç bölümünü aktardığımız ve kapitalizmin büyüme yanılsamasını inceleyen makale ile devam ediyoruz. Makalenin yine kısaltarak alıntıladığımız 4-8. bölümleri, genel olarak iktidar odaklı yapıların ve hiyerarşinin sosyoekonomik özelliklerini inceliyor. Bu bölümler, büyük ve ekonomik olarak gelişmiş toplumların zorunlu olarak hiyerarşik olacağı iddiası gibi, egemen devletçi düşünce akımlarının yarattığı mitleri parçalaması açısından önemli bir okuma olarak karşımıza çıkıyor
Kapitalizm: Sabotaj Yoluyla Büyüme – 3
Get PDFAnarşist Ekonomi Tartışmaları yazı dizimizde, Bichler ve Nitzan’ın kapitalizmin büyüme yanılsamasını inceleyen makalelerinin ilk 8 bölümünü aktarmıştık. Makalenin sonundaki 9-12. bölümlerinde enerji ve iktidar ilişkisini inceleyen alternatif bir model sunuluyor. Makalenin bu bölümü ayrıca, neoliberal ve Marxist ekonomi teorilerin indirgemeci yapısını göz önüne sermesi açısından ilgi çekici
Political Economy of Capital Accumulation (YorkU, LAPS/POLS 4292 6.0, Undergraduate, Fall Term, 2017-18)
Get PDFCapital is the central power institution of capitalism: it is the main force underlying the relentless transformation of power relations in capitalist societies. The course explores the accumulation of capital from three interrelated perspectives: conceptual, historical and empirical. At the conceptual level, the course examines the evolution of different orthodox and critical theories of value and how these theories serve to explain and justify contending notions of accumulation. At the historical level, it traces the development of capital from its humble pre-capitalist origins to its present world dominance. At the empirical level, it studies and juxtaposes the qualitative and quantitative aspects of capital accumulation and study what they mean for the contemporary political economy. In parallel to these explorations, the course introduces students to the art and science of empirical research. By the end of the course, students are expected to be able to develop and integrate theoretical arguments with their own empirical work
Kapitalizm: Sabotaj Yoluyla Büyüme – 1
Get PDFKapitalizmi geleneksel yöntemlerin dışında inceleyen akademisyenlerden oluşan CasP projesine, Meydan Gazetesi’nin bir önceki sayısında yer vermiştik. Anarşist Ekonomi Tartışmaları yazı dizimize, aynı proje kapsamında yayınlanan ve kapitalizmin büyüme yanılsamasını inceleyen bir makale ile devam ediyoruz. Makalenin kısaltarak alıntıladığımız ilk üç bölümü, kapitalizmin stratejik sabotajını ve büyüme şeklini açıklıyor. Bu yazı ayrıca, tarih öncesi ekonomik faaliyetleri bugün ile karşılaştırmaya olanak veren, sosyo-biyofiziksel bir ölçütü, enerji yakalamayı kullanması açısından ilgi çekici, çünkü bu karşılaştırmayı para ya da üretim miktarları kullanarak yapmak imkansızdır
Differentiating Diamonds: Transforming Knowledge and the Accumulation of De Beers
Get PDFIn 1939, the De Beers diamond company faced a dire situation. The company’s accumulation had been dwindling for decades. The Great Depression not only pushed diamond sales to historic lows, it shifted American attitudes around consumption and thriftiness to the detriment of the luxury object. In this article, I bring together Liz McFall’s assertion that advertising needs to be studied as a “specific commercial device” with Jonathan Nitzan and Shimshon Bichler’s capitalas-power theory of value (CasP), which emphasizes differential accumulation. Both McFall and CasP challenge analyses that treat capitalism as an undifferentiated totality. It is from this perspective of differentiated commercial struggle that I analyze De Beers’ early advertising campaigns as well as the market research by N.W. Ayer that preceded them. My analysis focuses on an educational component intended to transform the diamond knowledge of the masses. The analysis demonstrates how the research informed the campaign that emerged in contingent relation with various facets of American society and was transformed by changes emergent with WWII
The Coming Revolution in Political Economy: Money Creation, Mankiw and Misguided Macroeconomics
Get PDFThe aim of this article is to challenge one of the principal received truths in the field of Economics: the way that new money is created. We also aim to go further and argue that a proper understanding of how new money is created has such devastating consequences that it heralds no less than a coming revolution in how we understand political economy and future possibilities. Our main argument is that the received truth of the fractional reserve theory or 'money multiplier' model taught in most economics textbooks cannot explain the expansion of the money supply by logic, simple math and by basic bank accounting practices. To demonstrate our argument we rely on Mankiw’s 'Macroeconomics' and his chapter explaining to students how new money is created. We use Professor Mankiw’s textbook because of its widespread use as an introductory text to macroeconomics. Our second argument is that the vast majority of new money is actually created by banks when they make loans. The article concludes with a discussion of some of the major consequences of allowing private social forces to issue new money as debt
Can Capitalists Afford a Trumped Recovery
Get PDFFROM THE POST: "Earlier this week, I hooked up for a lunch with George Archer and Jonathan Nitzan, two friends of mine who also had previous stints working at BCA Research. I enjoyed our lunch and conversation. After we met, Jonathan sent me a paper he published along with Shimshon Bichler, ‘Can Capitalists Afford a Trumped Recovery? Let me begin by stating. . . .
Trump and the Bond Market: Why a Flight From U.S. Treasuries Is Unlikely
Get PDFFROM THE ARTICLE: Trump’s election made investors justifiably nervous. But a mass exodus from the U.S. Treasuries market is unlikely, both because the United States remains the most relatively safe investment option in a perilous world and because Trump’s policies will entrench the power of the superrich owners of Treasuries. The existence of an influential bloc of domestic owners should offer some solace to foreign investors rattled by the new administration’s nationalist rhetoric. But perhaps the main lesson for the holders of U.S. Treasuries is that the inertia in the global financial system is strong -- even in the face of a change like Trump