John Milios

Seeking the “Spirit of Capitalism”: The German Historical School and the Controversies about the Origins of Capitalism

The question of the origins or genesis of capitalism preoccupied thewriters of the so-called German Historical School and led to fiercedisputes between them in the first three decades of thetwentieth century. Its “background” was Marx’s theory ofcapitalism and its genesis …

Seeking the “Spirit of Capitalism”: The German Historical School and the Controversies about the Origins of Capitalism

Heterodox Economics vis-à-vis Crisis and Finance.Speculation of the ‘absentee rentier’ or Mechanism of disciplining social action?

The 2007-2008 financial crisis is without precedent in the post-war period, a factacknowledged by the majority of economists. At the same time, the crisis is a ‘marginalmoment’ which unveils and helps us rethink the workings of contemporary capitalism. Thelatter is …

Heterodox Economics vis-à-vis Crisis and Finance.Speculation of the ‘absentee rentier’ or Mechanism of disciplining social action?

Global finance as capital rule. The “creative” role of the ECB

Spyros LapatsiorasUniversity of Crete, spirosla@gmail.comJohn MiliosNational Technical University of Athens, john.milios@gmail.com1. The prevailing heterodox approaches to neoliberalism and financializationA crucial aspect of many heterodox approaches to modern capitalism, finacializationand crisis is the idea that the domination of neoliberalism and of …

Global finance as capital rule. The “creative” role of the ECB

Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class

Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class, by D. Bryan and M. Rafferty, New York: Palgrave-MacMillan 2006. $ 85; pp. viii, 236 The book is a vitally interesting and innovative approach to finance, focusing on …

Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class

Value Form and Abstract Labour in Marx. A critical review of Alfred Sohn-Rethel’s notion of “real abstraction“

University of Chicago, May 14, 2021. Marx defines the social homogenisation of individual production processes by introducing the term abstract labour. Labour has a dual nature – on the one hand it is concrete labour (labour which produces a concrete …

Value Form and Abstract Labour in Marx. A critical review of Alfred Sohn-Rethel’s notion of “real abstraction“

The working class and the middle classes: Allies in a common anti-neoliberal strategy?

John Milios & George Economakis Austerity constitutes the cornerstone of neoliberal policies. On the surface, itworks as a strategy of reducing entrepreneurial cost. Austerity reduces labour costs ofthe private sector, increases profit per (labour) unit cost and thereon boosts the …

The working class and the middle classes: Allies in a common anti-neoliberal strategy?

The Middle Classes, Class Places, and Class Positions: A Critical Approach to Nicos Poulantzas’s Theory

Through a critical rereading of Marxist class theory, a reexamination of the borderline between the working and middle classes is undertaken, focusing on the classidentity of middle classes with respect to the question of class place and classposition. In this …

The Middle Classes, Class Places, and Class Positions: A Critical Approach to Nicos Poulantzas’s Theory

Commodity Fetishism vs. Capital Fetishism. Marx’s Reflections and Marxist Interpretations

… In this context, financial risk is calculated on the basis of particular fetishistic representations of the events and outcomes of class struggle. Risk is the way capitalist agents perceive the future from an ideological point of view. Risk is …

Commodity Fetishism vs. Capital Fetishism. Marx’s Reflections and Marxist Interpretations

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