fictitious capital

Heterodox Economics vis-à-vis Crisis and Finance.Speculation of the ‘absentee rentier’ or Mechanism of disciplining social action?

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 […]

Heterodox Economics vis-à-vis Crisis and Finance.Speculation of the ‘absentee rentier’ or Mechanism of disciplining social action?

Value, Fictitious Capital and Finance.The timeliness of Karl Marx’s Capital

Capitalism was always, and will never cease to be exploitative, domineering, speculative. But it will not disintegrate or decay due to its exploitative, domineering, speculative character, certainly not due to the supposedly specifically “predatory” function of the financial sphere –

Value, Fictitious Capital and Finance.The timeliness of Karl Marx’s Capital

THE PROFIT RATE IN THE PRESENCE OF FINANCIAL MARKETS: A NECESSARY CORRECTION

… Most commentators agree on one point: that financial firms do not produce value but appropriate it from value produced elsewhere. They are in some sense not ‘normal capitalists’. This is true, but they do not function without capital. The

THE PROFIT RATE IN THE PRESENCE OF FINANCIAL MARKETS: A NECESSARY CORRECTION

Nach oben scrollen