Monthly Archives: September 2018

Bichler & Nitzan, ‘With Their Back to the Future: Will Past Earnings Trigger the Next Crisis?’

September 25, 2018

ABSTRACT As these lines are being written (April 2018), the The U.S. stock market is again in turmoil. After a two-year bull run in which share prices soared by nearly 50 per cent, the market is suddenly dropping. Since the beginning of 2018, it lost nearly 10 per cent of its value, threatening investors with … Read More

Kim, ‘Propertization: The Process by which Financial Corporate Power has Risen and Collapsed’

September 19, 2018

ABSTRACT Elsewhere I argue that the legal concept of property was created in the image of money in the late Roman Republic. Since then, the division of property and contract has been an underlying structure of Western law. The paper argues that a main way of structuring financial corporate power, especially money market funds (MMFs), … Read More

McMahon, ‘Is Hollywood a Risky Business? A Political Economic Analysis of Risk and Creativity’

September 19, 2018

ABSTRACT This paper seeks to explain why Hollywood’s dominant firms are narrowing the scope of creativity in the contemporary period (1980–2015). The largest distributors have sought to prevent the art of filmmaking and its related social relations from becoming financial risks in the pursuit of profit. Major filmed entertainment, my term for the six largest … Read More

Francis’ Updated Buy-to-Build Indicator

September 5, 2018

Joe Francis, who written on the buy-to-build indicator before, has updated his data for the USA and the UK. Below is his post entitled ‘An Open Source Update of the Buy-to-Build Indicator’: The tendency toward buying other companies more than building new productive capacity continues in the United States In a past life I had … Read More