Monthly Archives: July 2017

No. 2017/03: Fix, ‘Evidence for a Power Theory of Personal Income Distribution’

July 26, 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 power, as indicated by one’s position within an institutional hierarchy. While many theorists have proposed a connection between personal income and power, this paper is the … Read More

No. 2017/02: Bichler & Nitzan, ‘Growing through Sabotage’

July 14, 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 of ‘growth in the midst of sabotage’? The answer, we argue, begins with the very … Read More