1) The derivative is not something you hold in your hands like a book. It is essentially relational, but rather, it is a relation of relations. First, it is about the volatility of the derivative in relation to the volatility […]
Speculative Capital in the 21th Century
In the first logistical statements in Capital, Marx writes that because commodities are things they “cannot themselves go to market and perform exchanges in their own right,” (1976:178) its guardians must lend them feet to move, and on the market
Circulation is a concept and category Marx uses to analyze capital as a process in addition to or, rather than, a relation. Marx’s analysis of the circulation process is challenging, which in part is due to the polysemy of circulation
What is to be Done? Plenary speech at the 14th annual conference of the world Association for political economy, winnipeg, 19th July 2019 Alan Freeman The conference title is ‘Class, State and Nation’. My title is ‘What is to be
Any heterodox project is compelled to begin by articulating a problem or set of problems it proposes to address (otherwise why heterodoxically begin at all?). When studying finance at our present moment, the particular problem to which we are alerted
Why even do political finance with Deleuze?
Das Einkaufszentrum Warum heute noch Baudrillard lesen? Sicherlich sind heute viele der poststrukturalistischen Texte, die oft genug als Science-Fiction-Texte wahrgenommen wurden, paradoxerweise »dated«, und manche der Texte von Baudrillard, sieht man einmal davon ab, dass es generelle Zweifeln an seiner
Im Resonanzraum der Supermärkte
Spyros Lapatsioras/John Milios/Dimitris P. Sotiropoulos Financial intermediation is a sui generis service itself and is therefore a productive activity striving for profit maximization, like any other sector of the capitalist economy. read here
Capitalism, financial system and forms of exploitation
Capitalism was always, and will never cease to be exploitative, domineering, speculative. But it will not disintegrate or decay due to its exploitative, domineering, speculative character, certainly not due to the supposedly specifically “predatory” function of the financial sphere –
Value, Fictitious Capital and Finance.The timeliness of Karl Marx’s Capital
Der Schweizer Soziologe Peter Streckeisen will „das Marx’sche Hauptwerk mit soziologischer Brille so neu lesen, dass es zur Inspirationsquelle einer Kritik an den üblichen Kapitalbegriffen sowie der konzeptuellen Schärfung und Weiterentwicklung soziologischer Kapitaltheorie werden kann“. (S. 14) Nachdem er vier
Dies ist ein erster Versuch, die Bewegung der gilets jaunes zu verstehen und sie auf den Kontext übergreifender Zusammenhänge zu beziehen. Wir müssten nun, unseren sozialrevolutionären Grundsätzen und Methoden folgend, an den Äußerungen aus dieser Bewegung anknüpfen um von hier
Gilets Jaunes im globalen Kontext
Nothing exemplifies the constitution of the market and motivations today more than speculation. The drive to permanently generate this type of derivative bet, which has marked the Euro-American financial markets since the 1970s, would never have been able to circulate in
LiPuma examines in a further section the various institutions of speculative capital. The first area is commercial and investment banks speculating on the derivatives markets. These companies have in-house hedge funds that speculate on corporate capital, that is, shareholder capital, using leveraged