Tag Archives: Marxism

DiMuzio and Dow, ‘Uneven and Combined Confusion’

February 17, 2017

ABSTRACT 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, shortcomings or omissions, the omissions in How the West came to rule lead to a mistaken view of the emergence of … Read More

Bichler and Nitzan, ‘A CasP Model of the Stock Market’

December 15, 2016

ABSTRACT 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 different model, examining the stock market not from the mechanical viewpoint of a distorted economy, but from the dialectical perspective of … Read More

No. 2016/01: Debailleul, Bichler and Nitzan, “Theory and Praxis, Theory and Practice, Practical Theory”

February 17, 2016

Working Paper No. 2016/01 Corentin Debailleul, Shimshon Bichler and Jonathan Nitzan, “Theory and Praxis, Theory and Practice, Practical Theory” This working paper contains an intervention by Corentin Debailleul and an extended reply by Shimshon Bichler and Jonathan Nitzan. The exchange was first posted on the Capital as Power Forum in January 2016. Debailleul’s original questions … Read More

No. 2015/03: Bichler and Nitzan, “Capital Accumulation: Fiction and Reality”

June 11, 2015

Working Paper No. 2015/03 Shimshon Bichler and Jonathan Nitzan, “Capital Accumulation: Fiction and Reality” What do economists mean when they talk about ‘capital accumulation’? Surprisingly, the answer to this question is anything but clear, and it seems the most unclear in times of turmoil. Consider the recent ‘financial crisis’. The very term already attests to … Read More

The Colour of the Sun: A Metaphor for Methodology?

December 19, 2013

Found this video when browsing Boing Boing. Originally posted by NASA, this video is fascinating. It may also stand as a metaphor for the methodological problems in political economic theory. Consider part of the explanation behind the video: “As the colors sweep around the sun in the movie, viewers should note how different the same … Read More

Capital as Power: Toward a New Cosmology of Capitalism

September 10, 2012

Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists think of capital as an economic entity that they count in universal units of utils and abstract labour, respectively. But these units are totally fictitious: they can be … Read More