For my commentary there are two issues to highlight. The first can be anticipated and raises a problem with Fraser’s dual-systems theorising and her emphasis on the institutionalised social order of capitalism as a series of separations between the structures …
Moreover, this chapter argues that while MMT has its virtues, it too misses two very important aspects of capitalism: (1) why there is a constant aggregate demand problem in a capitalist economy and; (2) that the majority of new money creation …
Covid 19 and the Global Political Economy: Crises in the 21st Century
Steve Keen’s book, The New Economics: A Manifesto (2021), offers a new path for economics, and for good reason. In his view, neoclassicism, the paradigm that rules modern-day economics, has become a serious menace: I regard Neoclassical economics as not …
The Poor Way We will pay tribute to the great Italian thinker Giorgio Agamben, the anti-Badiou par excellence.And we will, in particular, try to illustrate one of the last books of the Homo Sacer series:The Highest Poverty: Monastic Rules and …
taken from positions politics I saw the sunBorn from a great silenceI saw the sun burning towards a great deathI have walked above many deaths and much silenceBut I cannot describe the sunToo late to its waningToo early to its …
The world economy is currently in a phase of secular stagnation with persistently low growth rates of the real gross domestic product.1 The litanies of boundless economic growth that the representatives of capital and the imperialist states repeatedly prayed to …
For Marx, well before when Keynes spoke of capitalism a ‘monetary economy of production’ (Keynes) , money as an independent expression of a certain amount of value, is the form through which capitalists can control that the process of valorization …
The Current Financial Meltdown: A Crisis of Finance Capital-Driven Globalisation
Dear comrades and friends, In order to answer the question stated by the organizers of this very important meeting, we must speak about neoliberalism and the financial sphere.Neoliberalism is a form of capitalist exploitation, i.e. of extracting surplus valueand stren …
The character of the crises: Seeking a way-out for the social majority
The analysis of Polanyi’s Great Transformation can be summarized in the six points listed below. 1: All societies face the economic task of producing and providing for all members of society. Modern market societies are unique in assigning this responsibility …
One of the key motives of the crypto scene is the recurrent claim that the spread of crypto-currencies and the associated decentralization of the financial sphere will help the world’s poor and underpriviledged.1 The reality, however, is that decentralization is …
1) Das Derivat ist kein Ding, das man etwa wie ein Buch in den Händen hält. Es ist essenziell relational, vielmehr noch, es ist eine Relation von Relationen. Zunächst geht es um die Volatilität des Derivats in Relation zur Volatilität …
