Now showing items 1-20 of 34984

    • Evidence for a Power Theory of Personal Income Distribution 

      Fix, Blair (2017)
      This paper proposes a new ‘power theory’ of personal income distribution. Contrary to the standard assumption that income is proportional to productivity, I hypothesize that income is most strongly determined by social ...
    • Political Economy of Capital Accumulation (YorkU, LAPS/POLS 4292 6.0, Undergraduate, Fall Term, 2017-18) 

      Nitzan, Jonathan (2017)
      Capital 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 ...
    • Growing through Sabotage: Energizing Hierarchical Power 

      Bichler, Shimshon; Nitzan, Jonathan (2017)
      According to the theory of capital as power, capitalism, like any other mode of power, is born through sabotage and lives in chains – and yet everywhere we look we see it grow and expand. What explains this apparent puzzle ...
    • The Coming Revolution in Political Economy: Money Creation, Mankiw and Misguided Macroeconomics 

      Muzio, Tim Di; Noble, Leoni (2017)
      The 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 ...
    • Un Modelo CcP Del Mercado De Valores (A CasP Model of the Stock Market) 

      Bichler, Shimshon; Nitzan, Jonathan (2017)
      SPANISH ABSTRACT: La mayoría de las explicaciones de las alzas y bajas del mercado de valores se basan en la comparación de la lógica “fundamental” subyacente de la economía con los factores exógenos que supuestamente la ...
    • Debt as Power 

      Muzio, Tim Di; Robbins, Richard H. (2015)
      FROM THE EDITOR’S INTRODUCTION: In Debt as Power, Di Muzio and Robbins present a historical account of the modern origins of capitalist debt by looking at how commercial money is produced as debt in the late seventeenth ...
    • Uneven and Combined Confusion: On the Geopolitical Origins of Capitalism and the Rise of the West 

      Muzio, Tim Di; Dow, Matthew (2017)
      This article offers a critique of Alexander Anievas and Kerem Nişancioğlu’s "How the West came to rule: the geopolitical origins of capitalism". We argue that while all historiography features a number of silences, ...
    • Accumulating through Food Crisis? Farmers, Commodity Traders and the Distributional Politics of Financialization 

      Baines, Joseph (2017)
      This paper considers the domestic and international ramifications of financialization and grain price instability in the US agri-food sector. It finds that during the recent period of high and volatile prices, the average ...
    • Energy and Institution Size 

      Fix, Blair (2017)
      Why do institutions grow? Despite nearly a century of scientific effort, there remains little consensus on this topic. This paper offers a new approach that focuses on energy consumption. A systematic relation exists between ...
    • Can Capitalists Afford a Trumped Recovery? 

      Bichler, Shimshon; Nitzan, Jonathan (2017)
      The presidential election of Donald Trump has rekindled hopes for a U.S. recovery. The new president promises to ‘make America great again’, partly by creating many millions of new jobs for U.S. workers, and judging by the ...
    • The Enlightened Capitalist 

      Bichler, Shimshon; Nitzan, Jonathan (2014)
      On April 16, 2014, we published a short article in the Indian fortnightly Frontline, titled 'Profit from Crisis'. Scarcely had a day passed from the article’s publication that we got an angry email from an asset manager ...
    • The Empirics of the Labour Theory of Value: Reply to Nitzan and Bichler 

      Cockshott, Paul; Cottrell, Allin; Baeza, Alejandro Valle (2014)
      The labor theory of value, originated in the classics and reformulated by Marx, has found support in numerous empirical works during the last thirty years. In many economies, sectors in monetary terms are highly correlated ...
    • El aspecto empírico de la teoría del valor: respuesta a Nitzan y Bichler 

      Cockshott, Paul; Cottrell, Allin; Baeza, Alejandro Valle (2014)
      La teoría del valor trabajo, originada en los clásicos y reformulada por Marx, ha encontrado apoyo empírico en numerosos trabajos en los últimos treinta años. En diversas economías los sectores en términos monetarios están ...
    • Differentiating Diamonds: Transforming Knowledge and the Accumulation of De Beers 

      Cochrane, D. T. (2017)
      In 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 ...
    • A CasP Model of the Stock Market 

      Bichler, Shimshon; Nitzan, Jonathan (2016)
      Most explanations of stock market booms and busts are based on contrasting the underlying 'fundamental' logic of the economy with the exogenous, non-economic factors that presumably distort it. Our paper offers a radically ...
    • A CasP Model of the Stock Market 

      Bichler, Shimshon; Nitzan, Jonathan (2016)
      Most explanations of stock market booms and busts are based on contrasting the underlying ‘fundamental’ logic of the economy with the exogenous, non-economic factors that presumably distort it. Our paper offers a radically ...
    • Financialization or Capitalization? Debating Capitalist Power in South Korea in the Context of Neoliberal Globalization 

      Park, Hyeng-Joon; Doucette, Jamie (2016)
      The article reviews debates concerning financialization in South Korea, with a focus on ongoing arguments between liberal, post-Keynesian, institutionalist and Marxist economists. It argues that post-Keynesian and ...
    • 2016 Capital as Power Essay Prize 

      Muzio, Tim Di (2016)
      The 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 $2000. A prize of $500 will be awarded to the second best contribution, ...
    • Energy, Capital as Power and World Order 

      Muzio, Tim Di (2016)
      Until late, the subject of energy and its importance for capitalism and the constitution and reconstitution of world order has been sorely overlooked in the international political economy (IPE) literature. Indeed, only ...
    • A CasP Model of the Stock Market -- Video and Chartbook 

      Bichler, Shimshon; Nitzan, Jonathan (2016)
      Most explanations of stock market booms and busts are based on contrasting the underlying, ‘fundamental’ logic of the economy with the exogenous, non-economic factors that presumably distort it. Our paper offers a radically ...