Fix, ‘Economics from the Top Down: Does Hierarchy Unify Economic Theory?’

August 17, 2018

ABSTRACT What is the unit of analysis in economics? The prevailing orthodoxy in mainstream economic theory is that the individual is the ‘ultimate’ unit of analysis. The implicit goal of mainstream economics is to root macro-level social structure in the micro-level actions of individuals. But there is a simple problem with this approach: our knowledge … Read More

Nitzan & Bichler, ‘El capital como poder. Un estudio del orden y el creorden’

April 30, 2018

ABSTRACT (Spanish) Las teorías convencionales del capitalismo están sumidas en una profunda crisis: tras siglos de debates todavía son incapaces de decirnos qué es el capital. Tanto liberales como marxistas se refieren al capital como una entidad ‘económica’ que puede ser contabilizada en unidades universales de ‘utilidad’ o de ‘trabajo abstracto’. Pero estas unidades son … Read More

Bichler and NItzan, ‘The CasP Project: Past, Present, Future’

April 13, 2018

ABSTRACT The study of capital as power (CasP) began when we were students in the 1980s and has since expanded into a broader project involving a growing number of researchers and new areas of inquiry. This paper provides a bird’s-eye view of the CasP journey. It explores what we have learned so far, reviews ongoing … Read More

Di Muzio, ‘The Tragedy of Human Development: A Genealogy of Capital as Power’

January 10, 2018

ABSTRACT How might an objective observer conceive of what humans have accomplished as a species over its brief history? Benjamin argues that history can be judged as one giant catastrophe. Liberals suggest that this is to sombre an assessment and that human history can be read as a story of greater and greater progress in … Read More

Fix, ‘Hierarchy and the power-law income distribution tail’

July 20, 2018

ABSTRACT What explains the power-law distribution of top incomes? This paper tests the hypothesis that it is firm hierarchy that creates the power-law income distribution tail. Using the available case-study evidence on firm hierarchy, I create the first large-scale simulation of the hierarchical structure of the US private sector. Although not tuned to do so, … Read More

Debailleul, and Bichler and Nitzan, ‘Theory and Praxis, Theory and Practice, Practical Theory’

April 13, 2018

ABSTRACT In their paper ‘The CasP Project: Past, Present and Future’, Shimshon Bichler and Jonathan Nitzan invite readers to engage critically with their theoretical framework, known as capital as power (CasP). This call for further research, reactions and critiques is the perfect occasion to raise a few questions that have grown in my mind in … Read More

Woodley, ‘Globalization and Capitalist Geopolitics’

February 9, 2018

ABSTRACT Globalization and Capitalist Geopolitics is concerned with the growth of transnational corporate power against the backdrop of the decline of the West and the struggle by non-Western states to challenge and overcome domination of the rest of the world by the West. At the centre of the study is the problematic status of the … Read More

Howard, ‘Craftwashing in the U.S. Beer Industry’

January 4, 2018

ABSTRACT 1) Background: Big brewers, which have experienced declining sales for their beer brands in the last decade, have been accused of “craftwashing” by some craft brewers and their aficionados—they define craftwashing as big brewers (>6 million barrels per year) taking advantage of the increasing sales of craft beer by emulating these products or by … Read More