EconoFiction

Capitalizing Obesity

13 Apr , 2016  

In his article, ‘Food Price Inflation as Redistribution’, Joseph Baines (2014) shows the intimate correspondence between differential profit and world hunger. Figure 1 below, reproduced from his article, portrays a systematic positive correlation between the relative income of the Agro-Trader Nexus (Archer Daniels Midland, Bunge, Cargill, Deere, DuPont and Monsanto) ...

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EconoFiction, Lexicon

Financialization and Marx: Some Reflections on Bryan’s, Martin’s and Rafferty’s Argumentation

7 Feb , 2016  

Abstract

The recent theoretical works of the authors provide thorough insights into the workings of contemporary capitalism. Derivatives are the key issue involved here. They comprehend financialization as a development within, rather than a distortion of, capitalist production. They nevertheless underestimate the ability of Marx’s analytical categories to capture the ...

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