EconoFiction

‘Growing through Sabotage: Energizing Hierarchical Power’

12 Aug , 2020  

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 shifts income in favour of the top 1% of individuals ...

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EconoFiction

Bichler/Nitzans “Capital of Power”

22 Jan , 2020  

At first glance, it seems that Deleuze’s concept of structure involves a complex form of the so-called creorder, a term that appears at the forefront of the methodological findings of the economists Bichler/Nitzan. (Cf. Bichler/Nitzan 2009) If the structure is updated in each of its moments in processes, then Bichler/Nitzan ...

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EconoFiction

Making America great again

11 Dez , 2019  

Can Trump reverse or even dent this long-term evisceration of “America”? The short answer is no. So far, his policies have only hastened this evisceration, accelerating the upward redistribution of income and amplifying the de-Americanization of U.S. corporations. During his three years in office, the share of foreign profit, instead ...

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EconoFiction

Imperialism and World Market

13 Nov , 2019  

While there are important parallels between the national market and the world market, the latter is not simply a subcategory of the latter. A more detailed analysis of the world market reveals that it is more than just the aggregation of states and enterprises, namely a complex structure, a chain ...

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EconoFiction

The Harder They Fall

23 Jan , 2019  

Until a few months ago, the stock market narrative in the United States could have been summarized by the popular acronym BTFD – or ‘buy the fucking dip’. Analysts and strategists, emboldened by the world’s synchronized recovery, Trump’s pro-business policies and ample liquidity, predicted that equities would continue rising and ...

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EconoFiction

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

2 Jan , 2019  

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 second story narrates the authors’ personal journey to uncover, theorize, ...

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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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