Bichler/Nitzan

What Do Economists Mean When They Talk About ‘Capital Accumulation’?

THE MISMATCH THESIS: 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 “financial crisis” of the late

What Do Economists Mean When They Talk About ‘Capital Accumulation’?

‘Growing through Sabotage: Energizing Hierarchical Power’

8Growing Through SabotageThe CasP project has identified numerous such paths of differential accumulation through strategic sabotage. A partial list of these paths includes higher unemployment that redistrib-utes income in favour of capitalists (Bichler and Nitzan 2014a); decelerating employment growth that

‘Growing through Sabotage: Energizing Hierarchical Power’

Arms and Oil in the Middle East: A Biography of Research

Abstract or Brief Description This essay interweaves two stories—one theoretical and empirical, the other autobiographical. The first story embeds the Israeli-Palestinian conflict in the broader political economy of the Middle East and the global accumulation of “capital as power.” The

Arms and Oil in the Middle East: A Biography of Research

The Nordhaus Racket: How to use capitalization to minimize the cost of climate change and win a ‘Nobel’ for ‘sustainable growth’

The LA Times called the bluff: William D. Nordhaus won the Nobel prize in economics for a climate model that minimized the cost of rising global temperatures and undermined the need for urgent action. ‘The economics Nobel went to a

The Nordhaus Racket: How to use capitalization to minimize the cost of climate change and win a ‘Nobel’ for ‘sustainable growth’

The CasP Project: Past, Present, Future

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

The CasP Project: Past, Present, Future

Trump’s Trade Wars Threaten US Foreign Investment

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.

Trump’s Trade Wars Threaten US Foreign Investment

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