This paper establishes, and illustrates for the case of the UK, a temporal method for calculating the labour values of outputs from any process or sector of a market economy. It exhibits the temporal calculation of the Monetary Equivalent of […]
TIME, THE VALUE OF MONEY AND THE QUANTIFICATION OF VALUE
In den letzten Jahren ist auch im deutschsprachigen Raum, insbesondere durch das Wirtschaftsmagazin Makroskop, die Diskussion um die Modern Money Theory verstärkt geführt worden, und dies insbesondere auch im Kontext einer linkssozialdemokratischen und grünen Wirtschaftspolitik. Wir verlinken hier zu unserer
Modern Money Theory – Die neue Heilslehre?
The notion of capital overaccumulation, as constructed by Marx in Volume 3 of Capital on the basis of his “preliminary definition” of “absolute overproduction”, is considered in this paper as the key element of Marx’s crisis theory. Following what the
ON MARX’S CRISIS THEORY IN THE ORIGINAL MANUSCRIPT OF THE 3RD VOLUME OF CAPITAL
Most explanations of stock market booms and busts are based on contrasting the underlying ‘fundamental’ logic of the economy with the exogenous, non-economic factors that presumably distort it. Our paper offers a radically different model, examining the stock market not
A CasP Model of the Stock Market
By Nick Dyer-Witheford, Jaime Brenes Reyes and Michelle Liu This paper, originally published by Into the Black Box on June 29, 2020, was written before the Black Lives Matter uprisings, in the US and around the world, ignited by the
THE MISMATCH THESIS: What do economists mean when they talk about “capital accumulation”? Surprisingly, the answer to this question is anything but clear, and it seems the most unclear in times of turmoil. Consider the “financial crisis” of the late
What Do Economists Mean When They Talk About ‘Capital Accumulation’?
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
Financialization:Market Discipline or Capital Discipline?
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,
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
Non-Marxist Critique of Capital, Philosophy and Patriarchy
Spyros Lapatsioras, John Milios and Dimitris Sotiropoulos Contemporary capitalism seems too far away from the implementation of any version of a good society. read here
Beyond Capitalism. Strategies for a Good Society in the “Era of Financialization”
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