finance

How Marxism today has to read Das Kapital and how it has to analyze the current capital relations.

Already for Marx, an important consequence concerning the extraction of surplus value in commodity production is that surplus value is transformed into what we call today an asset. The asset in this context is a means by which surplus value …

How Marxism today has to read Das Kapital and how it has to analyze the current capital relations.

Capitalism as a Mode of Power

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 – …

Capitalism as a Mode of Power

Financial Capital in the 21th Century / Introduction

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

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?

Capitalizing a future unsustainable: Finance, energy and the fate of market civilization

Liberal capitalist polities are being held up as the ultimate civilizational achievement precisely at a point in time when the energy-demanding built environments and growth imperatives of these societies are threatened by global climate change and the coming end of …

Capitalizing a future unsustainable: Finance, energy and the fate of market civilization

On the situation in the financial markets

Trillion-dollar government spending programs have far exceeded the outlays following the 2008 financial crisis in Western countries, and go hand in hand with the gigantic government bond-buying programs and quantitative easing policies of central banks, which in turn flood the …

On the situation in the financial markets

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