In contrast to some Keynesian authors who constantly describe of all sorts of dysfunctions of financialisation, in this book we assume rather that the neoliberal model of financialisation and its austerity policies have proven to be a relatively effective strategy […]
The Functions of Financial Markets for the Capitalist Economy
Money robots are actually nothing more than complex algorithms that analyze and process data and are also able to learn from feedback and results. Martin Ehrenhauser, a former member of the European Parliament, has published an informative book on this
1) Economic quantities are changeable in time precisely because money, as a so-called transcendental signifier for capital, possesses the quality of a pure quantity, with which money is released from actual acts of exchange and thus, as a monetary sign,
25 Theses on TIME (of Capital)
After the folding of the last period of mass labour mobilisation – the post-war Fordist boom – capitalism entered its terminal crisis, where fictitious money is increasingly dissociated from labour-mediated value. Already in the 1980s, the irreversible erosion of capital’s labour-substance, triggered by
PAUSE FOR THOUGHT: MONEY WITHOUT VALUE IN A RAPIDLY DISINTEGRATING WORLD
Piotr Dutkiewicz: In a unique two-pronged dovetailing discussion, frequent collaborators and coauthors Jonathan Nitzan and Shimshon Bichler discuss the nature of contemporary capitalism. Their central argument is that the dominant approaches to studying the market – liberalism and Marxism –
published by Palgrave The world economy is still in a phase of secular stagnation with persistently low growth rates of real gross domestic product.[1] The postwar litanies of boundless economic growth repeatedly preached by the representatives of capital and the
Financial Capital in the 21th Century / Introduction
The 2007-2008 financial crisis is without precedent in the post-war period, a factacknowledged by the majority of economists. At the same time, the crisis is a ‘marginalmoment’ which unveils and helps us rethink the workings of contemporary capitalism. Thelatter is
By assets we do not mean – as usually assumed – individual assets or realizable income, nor investments in the form of goods or money, but very specific forms of speculative capital. We assume in this section a progressive differentiation
Deleuze/Guattari and the synthetic Asset
you can order here A New Theory of Speculative Capital The book’s central theme is to develop a new theory of speculative capital related to other forms of capital, the world market, and the state. Besides most Marxist and heterodox
Financial Capital in the 21st Century
We present ht here, in three parts, a preliminary report on the book Speculative Capital, which contains the first comprehensive study of a new form of capital that dominates the economies of the 21st century. Throughout this report, we refer
Speculative Capital in the context of LiPumas theory of Speculation And CIrculatory Capital
Some Notes on Housing Markets in China, and What This Tells Us About Wider Economic Realities taken from here Context of a Crisis With the impending collapse of housing conglomerate Evergrande, focus has been placed on the housing market in
Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class, by D. Bryan and M. Rafferty, New York: Palgrave-MacMillan 2006. $ 85; pp. viii, 236 The book is a vitally interesting and innovative approach to finance, focusing on
Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class