The Bichler and Nitzan Archives
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New Imperialism or New Capitalism?
Get PDFOver the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad brush, we outline a new, power theory of capital and accumulation. We use this theory to assess the changing meaning of the corporation and the capitalist state, the new ways in which capital gets accumulated and the specific historical trajectory of twentieth-century capitalism up to the present
על כלכלה וחברה בימים של אימפריה (On Economics and Society in Days of Empire)
Get PDFמאמר זה מקורו בפנייה מטעם מערכת עיונים בתקומת ישראל לכתוב על הספרות שנכתבה בישראל בעשור האחרון או בשני העשורים האחרונים בנושא כלכלה וחברה. נטלתי לעצמי רשות שלא להיצמד להגדרה הטכנית של סקירת ספרות: אין כאן סקירה שיטתית של כל אשר נכתב וגם לא סקירה מלאה של כל אחת מהעבודות המוזכרות
Elementary Particles of the Capitalist Mode of Power
Get PDFTheories of society, as of nature, are characterized by their elementary particles. The elementary particle of neoclassical economics is the util. The elementary particle of classical Marxism is abstract labour. These elementary particles represent material quanta. They are deemed useful because both neoclassical economics and classical Marxism analyze capitalism as a mode of production and consumption. In this paper we offer a different approach. We argue that, most broadly, capitalism should be seen not as a mode of production, but a mode of power. From a viewpoint of power, utils and abstract labour are useless. They represent absolute magnitudes, whereas power is inherently relative. To understand the capitalist mode of power we need new elementary particles. The basic unit of analysis we begin with is differential capitalization. Capitalization represents the present value of expected future earnings (ex-post future earnings modified by investors’ hype), which in turn are corrected for risk perceptions and discounted by the normal rate of return. Differential capitalization benchmarks the capitalization of any owner or group of owners against the average owner. The paper begins by exploring the four elementary particles that comprise differential accumulation – future earnings, hype, risk and the normal rate of return. It concludes by assessing the implications of this new framework of differential capitalization for understanding the capitalist mode of power
Global Political Economy I: Theory and Approaches (YorkU, AS/POLS 3270 3.0, Undergraduate)
Get PDFWhat is ‘capitalism’ and how is it different from other social orders? How did capitalism develop? How does it function at different levels? What theories are used to explain capitalism, and how is it justified and critiqued by different ideologies? What are the roles of power, cooperation and incessant change in capital-ism? This course examines such questions from the viewpoint of political economy. It begins by critically analyzing the basic concepts of surplus and class, supply and demand, prices and profit, investment and capital accumulation. Using these basic concepts, the course proceeds to explore issues such as the nature of the corporation and business organization, the process of capitalist production, the role of inequality, the macro analysis of aggregate processes, government policies and the various ‘anomalies’ of political economy, like stagflation and accumulation-through-crisis
Personal Questions. Radio Interview with Jonathan Nitzan (שאלות אישיות עם יהונתן ניצן)
No full textThoughts on modern capitalism and the rule of capital (49 minutes
Do Economics Studies Harden the Heart?
Get PDFWhere are society's power mechanisms formed? What are the foundations upon which a new Israeli society is being built? How did the human element of that society get lost? A few sharp critics claim that the answers to these questions lead straight to the economics faculties at the universities
Milton Friedman and the Laity (מילטון פרידמן ועדת המאמינים)
Get PDFהמאמר "מילטון פרידמן: אני תמיד צודק" פורסם לראשונה בגרסה מקוצרת במוסף ''ממון'' של "ידיעות אחרונות" ב-30 ביולי 2002. הגירסה הנוכחית פורסמה ב"האייל הקורא" ב-17 בפברואר 2005. חלק מקוראי האייל, ביניהם חסידיו של פרידמן, הגיבו בזעם. להלן המאמר מ"האייל" בתוספת חילופי דברים משעשעים עם אחד מחסידיו של פרידמן המזדהה בשם א. ווטסו
"Studying Economics As an Equation Without Value Variables": A Critical Addendum (תוסף ביקורתי למאמר: לימודי הכלכלה כמשוואה בלא משתנים ערכיים)
Get PDFב-4 ביולי 2005, פרסם עתון 'הארץ/דה-מרקר' מאמר תחת הכותרת "לימודי הכלכלה כמשוואה בלא משתנים ערכיים". המאמר הוא דוגמא מצוינת לאלו שאוהבים 'ביקורתיות', 'דה-קונסטרוקציה' ותיאוריות של השתקה וצנזורה של היום. המאמר הוא גם דוגמא מצוינת לאופיו של 'הארץ', ובעיקר ליכולתם של עורכיו, אשר רוחם של בעלי ומנהלי העיתון מפעמת בקצות עצביה
Review of Nitzan and Bichler's "The Global Political Economy of Israel"
Get PDFFROM THE REVIEW:
“Dismantles neoclassical economic dogma and keeps radical economics honest by doing the empirical dirty work that most economic commentators sidestep. . . . Gives more firepower against the neoliberal worldview than any other text I’ve read. . . . Nitzan and Bichler enfold several truly radical assertions into this work. . . . This book has enormous potential for bolstering the case against globalization in its current incarnation. It is the best tool I have found for making extremely intelligent free market fans have second thoughts because the evidence is so well compiled and laid out and the authors are not afraid to dispel prevalent myths amongst the left despite being self-described Marxists (they quarrel with his theory of value, not his more broad-ranging commentary).
Capital and Power in the Global Political Economy (YorkU, AS/POLS 4291 3.0, Undergraduate)
Get PDFWhat is capital? Is it a material thing or a social relation? What is political about it and how does it relate to power? What is the role of capital in the broader global political economy? The seminar examines such questions theoretically and historically. The first part explores basic conceptions of capital. It begins by studying three approaches to capital: one based on utility, a second based on labour value and a third based on power. The discussion then broadens to examine these three approaches in relation to technology, the corporation and the state. The second part of the seminar deals with transformations of capital. This part introduces the twin concepts of dominant capital and differential accumulation. Using these concepts, the seminar explores the historical processes of corporate mergers, globalization, stagflation, imperialism and the new wars of the twenty-first century