The Forum on Capital as Power brings together a diverse range of radically minded people who seek to explore the possibilities and limitations of the concept of power as an alternative basis for re-thinking political economy and its foundational categories of value, capital and accumulation. As the name of our forum suggests, we think that the Capital as Power framework offers a promising new alternative for pursuing radical and innovative research in political economy.
By conceptualizing capital as the symbolic quantification of power, and capitalism as a mode of power, this framework challenges the foundational bifurcations between politics/economics, ‘real’/’nominal’ and state/capital upon which conventional theories of capitalism rest. And by re-casting accumulation as a process of differential capitalization, this framework also offers research tools for empirically exploring capitalism; something that liberal and Marxist theories, anchored respectively in problematic units of ‘utility’ and ‘abstract labour’, have difficulty providing. This combined focus on theoretical-empirical research is, for us, of paramount importance. It points the way to a more democratic form of knowledge production. And it corresponds with what we believe should be a guiding maxim of radical praxis: that in order to change the world, we first have to adequately interpret and explain it.
Editors: Joseph Baines, D.T. Cochrane, Sandy Hager, James McMahon, Mladen Ostojic and Ilirjan Shehu.
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