Undoubtedly, Joseph Alois Schumpeter ‘was one of the greatest economists of all time’ (Haberler, 1950, p. 1) who made seminal contributions to economics and had a major impact on the development of the discipline in the twentieth century. However, some important aspects of his works remain less widely discussed.
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Lisa Adkins and Martijn Konings
Following the 2007/08 financial crisis the creation of a less unequal and fairer world appeared to be a major prospect. As is by now all too familiar, after the financial crisis, instead of becoming more progressive, societies turned out to be more unequal, with inequalities ...
taken from Ill Will
Jacques Camatte was a central figure in the theoretical debates of the Italian communist left in the sixties and seventies, in the wake of the exhaustion of the revolutionary horizon. Camatte has written dozens of essays on the transformation of the logic of capital (Il ...
“The exact development of the concept of capital is necessary, since it is the fundamental concept of modern economics, just as capital itself, whose abstract counterpart (Gegenbild) is its concept, is the foundation of bourgeois society. The sharp formulation of the basic, presuppositions of the relation must bring ...
This article seeks to contribute to the existing critical debates on money and debt by advancing three main arguments. First, largely due to such debates’ tendency for description, the article argues that in in the heterodox literature on money and debt there is no convincing critical theory of money creation. ...
Tithi Bhattacharya / Gareth Dale
taken from Spectre Journal
Never has the global economy faced such a thorough challenge from a virus. Previous epidemics scythed through populations and ravaged livelihoods, but they remained contained on a regional scale or, where global, impacted the world economy less precipitously. Noteworthy too is the fact that never in recent ...
capital, class struggle, finance, marxism, pandemie, state fascism, virus, welfare state
„Geld regiert die Welt, und die von ihm regierte Welt droht in einer Katastrophe zu enden – sozial und ökologisch. Doch warum bestimmt das Geld überhaupt über den Lauf der Welt? … Mit dieser Herleitung des Geldes gelingt es endlich, auch das scheinbar ewige Rätsel zu lösen: was Geld überhaupt ...
capital, featured, finance, Geld, Kapital, Kapitalfetisch, mehrwert, Verpflichtung
Originally published by Grupo Barbaria. Translated by Malcontent Editions.
It’s difficult to write a text like this one right now. In the current context, in which coronavirus has busted – or soon threatens to – the living conditions of many of us, the only thing you want to do is ...
Recently, the writings of Suzanne de Brunhoff (1929-2015), largely unknown at least in the German-speaking world, have again been mentioned by some Marxist economists and philosophers. Tony Norfield refers to Brunhoff in his book “The City” in a footnote in connection with the little-discussed role of private banks as creators ...
1) Economic quantities can be changed in time precisely because money, as a so-called transcendental signifier of capital, has the quality of a pure quantity, whereby money is released from current acts of exchange and thus, as a monetary sign, accounts for the time accumulated in the commodity, which in ...
capital, credit, derivatives, finance, marx, marxism, money, non-philosophy, time
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 ...
capital, Capital as Power, creorder, derivatives, discounting, finance, hype-coeffizient, interest rate, structure
