Post by: Bichler/Nitzan

EconoFiction

With their back to the future: will past earnings trigger the next crisis?

22 Sep , 2018  

As these lines are being written (April 2018), 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 ...

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EconoFiction

The CasP Project: Past, Present, Future

30 Apr , 2018  

The capitalization ritual consists of discounting riskadjusted expected futur e earnings to their present value. The  reduction involves fourelementary particles: (1) future earnings, (2) investors’ hype regarding these earnings, ( 3) risk perceptions associated with earnings  estimates and (4) the normal rate of return. When measured differentially, each elementary particle ...

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EconoFiction

Trump’s Trade Wars Threaten US Foreign Investment

18 Mrz , 2018  

There is a lot of buzz about Trump’s recently launched trade wars, but much of this buzz misses the point. The key issue here is not foreign trade, but foreign investment.

Foreign trade contributes relatively little to US corporate profit. The disaggregate data here are patchy, but if we can ...

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EconoFiction

Blood and Oil in the Orient, Redux

11 Dez , 2017  

This research note updates selected charts from three previous papers. The new data present a rather startling picture, suggesting that the Middle East – and the global political economy more generally – might face an important crossroads. Our assessment here rests on the analysis of capital as power, or CasP. ...

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Documentation, EconoFiction

The 1%, Exploitation and Wealth: Tim Di Muzio interviews Shimshon Bichler and Jonathan Nitzan

9 Jun , 2017  

Suggested citation:
Shimshon Bichler, Jonathan Nitzan and Tim Di Muzio (2012), ‘The 1%, Exploitation and Wealth: Tim Di Muzio interviews Shimshon Bichler and Jonathan Nitzan’, Review of Capital as Power, Vol. 1, No. 1, pp. 1-22.
The 1%, Exploitation and Wealth:
Tim Di Muzio interviews Shimshon Bichler and Jonathan Nitzan ...

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EconoFiction

Can Capitalists Afford a Trumped Recovery?

30 Jan , 2017  

ABSTRACT: The presidential election of Donald Trump has rekindled hopes for a U.S. recovery. The new president promises to ‘make America great again’, partly by creating many millions of new jobs for U.S. workers, and judging by the rising stock market, capitalists seem to love his narrative. But if Trump ...

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EconoFiction

Capitalizing Obesity

13 Apr , 2016  

In his article, ‘Food Price Inflation as Redistribution’, Joseph Baines (2014) shows the intimate correspondence between differential profit and world hunger. Figure 1 below, reproduced from his article, portrays a systematic positive correlation between the relative income of the Agro-Trader Nexus (Archer Daniels Midland, Bunge, Cargill, Deere, DuPont and Monsanto) ...

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Documentation, EconoFiction, Lexicon

“Theory and Praxis, Theory and Practice, Practical Theory”

18 Feb , 2016  

Wir verlinken zu einem aktuellen Text der Ökonomen Shimshon Bichler und Jonathan Nitzan, in dem sie Fragen zu beantworten versuchen, die vor allem von marxistischen Autoren  immer wieder hinsichtlich ihres grundlegenden Textes “Capital as Power” gestellt werden. Da dieser Text, der 2009 erschien, im deutschsprachigen Raum bis heute weitgehend unbekannt ...

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