EconoFiction

The Time of Money (Review) 1

23 Sep , 2018  

Wir besprechen hier in aller Ausführlichkeit das neue Buch von Lisa Adkins “The Time of Money” 

Der Logik der Spekulation wohnt eine spezifische Rationalität inne, die mit einer außergewöhnlichen Form der Zeit korreliert, einer nicht-chronologischen Zeit, in der Vergangenheit, Gegenwart und Zukunft nicht linear verlaufen, eine Zeit, die für eine ...

, , , , , ,

EconoFiction

On the Character of the Current Economic Crisis

15 Sep , 2018  

Spyros Lapatsioras,1 Leonidas Maroudas,2 Panayotis G. Michaelides,3 John Milios,4 D. P. Sotiropoulos,5

1. Introduction

In the third chapter of Capital Marx observed: “As long as the social character of labour appears as the money existence of the commodity and hence as a thing outside actual production, monetary crises, independent of ...

, , , , , , , , , ,

EconoFiction

The Autocatalytic Sprawl of Pseudorational Mastery

24 Jul , 2018  

According to Shimshon Bichler and Jonathan Nitzan capital is not an economic quantity but a mode of power [29]; it could be sumarized as: “Capital is power quantified in monetary terms”. So, what do we do when we “quantify”? What is the nature of “money” in a capitalist society? And, ...

, , , , , ,

EconoFiction

Marx’s Critique of (Ricardian) Political Economy, the Quantity Theory of Money and Credit Money

25 Jun , 2018  

The Marxist concept of value is very frequently equated, whether explicitly or merely tacitly, with the corresponding Ricardian concept of “labour expended”. This paper argues that unlike the Ricardian theory of value, the Marxist theory of value is a monetary theory. In the Marxist system, the value of a commodity

...

, , , , , , , ,

Documentation, EconoFiction

Marx’s Monetary Theory of Value and Capital and Contemporary Capitalism

5 Mai , 2018  

Contemporary capitalism is characterized on the one hand by ‘liberalization’ of markets, flexibility and restructuring of production structures in a direction undermining the workers’ rights and living standards, and on the other by a huge expansion of the financial sphere. The aim of this lecture is to show that Marx’s ...

, , , , , , ,

EconoFiction

Schumpeter and Lederer on Growth, Technology, Credit and Business Cycles

10 Aug , 2017  

Panayotis G. Michaelides, John G. Milios and Angelos Vouldi
It is the purpose of the present paper to compare Emil Lederer and Joseph Schumpeter withrespect to their visions concerning the notions of economic growth, technology, credit and business cycles. Lederer, just like Schumpeter, used the distinction between statics and dynamics.
...

, , , , ,