EconoFiction

Financialization:Market Discipline or Capital Discipline?

19 Sep , 2020  

John Milios/ Dimitris P. Sotiropoulos

A crucial aspect of nearly all contemporary approaches to imperialism is the idea that the domination of neoliberalism and of the globalized financial sector of the economy produces a predatory version of capitalism, a capitalism that inherently tends towards crisis.

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EconoFiction

Commodity, Money and Capital

16 Sep , 2020  

Under the aspect of the juxtaposition of commodity and money, Marx speaks in the first three chapters of Kapital Bd.1 of the commodity as a commodity form. If the development of value itself is addressed here at the same time, he speaks of the value form. In this context, he ...

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PhiloFiction

Non-Marxist Critique of Capital, Philosophy and Patriarchy

3 Sep , 2020  

The physical and the automaton, introducing the radical dyad of the non-human By abandoning the principle of philosophical sufficiency in the analysis of the dialectics between thought and the real, following Laruelle and Marx, we arrive at the determination in the last instance of what philosophy calls the “human.” In ...

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EconoFiction

Beyond Capitalism. Strategies for a Good Society in the “Era of Financialization”

31 Aug , 2020  

Spyros Lapatsioras, John Milios and Dimitris Sotiropoulos

Contemporary capitalism seems too far away from the implementation of any version of a good society.

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EconoFiction

Assetization (2)

23 Aug , 2020  

Wenn die Autoren auf frühere Ökonomen zu sprechen kommen, die sich mit den Konzepten der Assetization bzw. Kapitalisierung auseinandergesetzt haben, dann zuerst auf den von Bichler/Nitzan geschätzten Thorstein Veblen, für den das Asset ein monetäre Konzept ist, das mit Eigentum und Wert konnotiert ist, wobei letzterer den kapitalisierbaren Wert repräsentiert. ...

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EconoFiction

Marx’s Monetary Theory of Value and Capital as a Critique of Classical Political Economy

14 Aug , 2020  

John Milios Department of Humanities, Social Sciences and LawNational Technical Universityof Athens, GreeceEmail: john.milios@gmail.com

Dimitris P. SotiropoulosDepartment of Sociology University of the Aegean, GreeceEmail: d.p.sotiropoulos@gmail.com

Short description: When does a theory really die? In the history of economic thought, it is rather common to assume that the labour theory of ...

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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

The law of the tendential fall of the general rate of profit in capital Bd.3

27 Jul , 2020  

In the opinion of Georgios Stamatis, Marx, when presenting the law of the tendency of the general rate of profit, equates value and price, among other things in order to disregard the effect of the so-called Wicksell effects (including the observation of the relationship between the rate of profit and ...

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EconoFiction

Minsky and the Instability of the Economy

21 Jul , 2020  

Himan P. Minsky is usually associated with post-Keynesian economic theory, more precisely with the American “school”, to which authors such as Weintraub, Moore, Eichner, Kregel, etc. belong. In contrast to the European school around Kalecki, Robinson, Kaldor, Harcourt etc., this school is more concerned with the monetary and financial processes ...

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PhiloFiction

The ‘Gemeinwesen’ Has Always Been Here: An Engagement with the Ideas of Jacques Camatte

16 Jul , 2020  

Taken from Ill Will Editions

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The less you are, the less you express your own life, the more you have, the more pronounced is your alienated life, the greater is the aggregate of your alienated being.

-Karl Marx,  Economic-Philosophical Manuscripts, 1844 [1]

Jacques ...

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EconoFiction

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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EconoFiction

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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