Joseph Schumpeter and the German Historical School

2 Jul , 2020  

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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COVID Life and the Asset Economy

28 Mai , 2020  

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 ...

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What Black-Scholes-Merton means to a speculative materialist

25 Mai , 2020  

Even those persons paralyzed by anxiety over their lack of knowledge of financial economics will intuitively grasp that uncertainty pervades an attempt to ascertain what will have been the value of an asset in the future, relative to its subsequent past value now in the present. Can this even be done? ...

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‘Inversion is not a strategy’ A Conversation with Jacques Camatte

23 Mai , 2020  

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 ...

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A propos capital

16 Mai , 2020  

“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 ...

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Capitalized money, austerity and the math of capitalism

6 Mai , 2020  

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. ...

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Covid Capitalism. General Tendencies, Possible “Leaps”

25 Apr , 2020  

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 ...

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Eske Bockelmann: Das Geld. Was es ist, das uns beherrscht Berlin (Matthes & Seitz) 2020 / Review by Klerich

14 Apr , 2020  

„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 ...

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Grupo Barbaria: The Pandemics of Capital

30 Mrz , 2020  

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 ...

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Remarks on Suzanne de Brunhoffs “Marx on Money”

6 Feb , 2020  

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 ...

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EconoFiction, PhiloFiction

25 Theses at time (of capital)

23 Jan , 2020  

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 ...

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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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