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 Autocatalytic Sprawl of Pseudorational Mastery

24 Jul , 2018  

According to Shimshon Bichler and Jonathan Nitzan capital is not an economic quantity but a mode of power [29]; it could be sumarized as: “Capital is power quantified in monetary terms”. So, what do we do when we “quantify”? What is the nature of “money” in a capitalist society? And, ...

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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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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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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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