capital

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

Von John Milios / 2020-08-14 / EconoFiction / capital, financialisation, Keynes, labour theory, marx, money, Veblen

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 […]

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

‘Growing through Sabotage: Energizing Hierarchical Power’

Von Bichler/Nitzan / 2020-08-12 / EconoFiction / capital, Capital as Power, differential accumulation, energy, sobatage

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

‘Growing through Sabotage: Energizing Hierarchical Power’

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

Von Achim Szepanski / 2020-07-27 / EconoFiction / capital, Ernest Mandel, law of falling profitrate, marx, marxism, profitrate

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

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

Minsky and the Instability of the Economy

Von Achim Szepanski / 2020-07-21 / EconoFiction / capital, crises, finance, Keynes, Minsky

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

Minsky and the Instability of the Economy

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

Von Peter Harrison / 2020-07-16 / PhiloFiction / capital, Cioran, Gemeinwesen, marxism, Millenarianism, state

Taken from Ill Will Editions * * * * * 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

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

Joseph Schumpeter and the German Historical School

Von John Milios / 2020-07-02 / EconoFiction / capital, innovation, Schumpeter, technology

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

Joseph Schumpeter and the German Historical School

COVID Life and the Asset Economy

Von Martijn Konings / 2020-05-28 / EconoFiction / Asset, capital, derivatives, finance, housing

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

COVID Life and the Asset Economy

What Black-Scholes-Merton means to a speculative materialist

Von Benjamin Lozano / 2020-05-25 / EconoFiction / Black Scholes, capital, derivatives, finance, Options

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

What Black-Scholes-Merton means to a speculative materialist

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

Von Jacques Camatte / 2020-05-23 / NonPolitics / capital, corona virus, Inversion, marxism

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

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

A propos capital

Von Jacques Camatte / 2020-05-16 / EconoFiction / capital, labour, marxism, money

“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

A propos capital

Capitalized money, austerity and the math of capitalism

Von Tim Di Muzio / 2020-05-06 / EconoFiction / capital, debt, finance, marxism, money

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

Capitalized money, austerity and the math of capitalism

Covid Capitalism. General Tendencies, Possible “Leaps”

Von Tithi Bhattacharya / Gareth Dale / 2020-04-25 / EconoFiction / capital, class struggle, finance, marxism, pandemie, state fascism, virus, welfare state

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

Covid Capitalism. General Tendencies, Possible “Leaps”

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