EconoFiction

Das Kapital im 21. Jahrhundert

21 Nov , 2017  

Achim Szepanski

Das Kapital im 21. Jahrhundert

Achim Szepanski legt eine umfassende Studie zur Logik und Existenzweise des Kapitals im 21. Jahrhundert vor. Er bemüht sich um ein radikal marxistisches Verständnis der intrinsischen Rolle, welche das moderne Finanzsystem für den gegenwärtigen Kapitalismus spielt. Wenn das Kapitalprinzip der Motor des atmenden ...

, , , , , , , ,

EconoFiction

LiPumas “The Social Life of Financial Derivatives” (3)

16 Nov , 2017  

Um das Soziale der Finanzmärkte zu diskutieren, untersucht LiPuma das in den Dispositionen der an den Finanzmärkten arbeitenden Akteure verkörperte Soziale sowie das Soziale solcher Institutionen wie Hedgefonds, das implizite Soziale der Derivate selbst und das der Strukturen der Handelspraktiken. Dies alles sind Objektivierungen des Sozialen. Die Objektivierungen sind in ...

, , , , , , ,

EconoFiction

LiPumas “The Social Life of Financial Derivatives” (2)

14 Nov , 2017  

Das generelle Problem der Finanzmärkte besteht für LiPuma darin, soviel Volatilität als möglich zu erzeugen, ohne dass die Volatilität eine Beeinträchtigung der Liquidität produziert. Die immanente Dynamik der Märkte liegt dann genau in der Notwendigkeit, durch finanzielle Transaktionen Arbitrage auf die Volatilität auszuüben und die Höhe des Risikos (durch Leveraging) ...

, , , , ,

Biopolitics, EconoFiction

Das kommende Ultrakapital – Die Unterteilung der Säuglinge in Derivat und Schrott – Zehn Thesen

13 Nov , 2017  

1) Mit jeder zukünftigen Generation wird die Zahl der Überzähligen, also derjenigen, die für das Kapital nutzlos sind, höher werden. Die zukünftigen Automationsschübe werden die Zahl der Beschäftigten in den Zentren des Kapitalismus weiter senken und gleichzeitig mutiert die Lohnarbeit tendenziell zur Beschäftigung, wenn nicht zur Beschäftigungstherapie, von der nur ...

, , , , , , , ,

EconoFiction

Kapital, Derivate und Finanzmärkte im 21. Jahrhundert

12 Nov , 2017  

Vortrag, gehalten bei Attac in Aachen here

Das Kapital ist ein sozio-ökonomisches Verhältnis, das durch das Profitmotiv angetrieben wird. Eine große Bandbreite von ökonomischen Phänomenen wird durch ein kleines Set von operativen Prinzipien bestimmt, wobei aktuelle Ereignisse um die je sich schon bewegenden Zentren der Gravitation kreisen. Man könnte dies ...

, , , , ,

EconoFiction

LiPumas “The Social Life of Financial Derivatives” (1)

8 Nov , 2017  

LiPumas neues Buch The Social Life of Financial Derivatives: Markets, Risk, and Time ist ein wichtiger Text zum Verständnis der gegenwärtigen Kapitalökonomie. Insbesondere die Analyse des spekulativen Kapitals, des abstrakten Risikos und des Sozialen sind für uns von Interesse, weil wir im Anschluss an die Arbeiten von John Milios uns ...

, , , , , ,

EconoFiction

Ramping the Markets: Banking on Ponzi Finance

7 Nov , 2017  

When funded pension schemes were first put forward at the beginning of the 1970s as a private sector alternative to state earnings-related pensions, the merchant (investment) banks and stockbroking firms that promoted them did not anticipate how successful they would become in that, by the following decades, pension schemes and ...

, , , , ,

EconoFiction

Indecent Bazaars

30 Okt , 2017  

Peripheral markets may be defined as markets which generate only a small proportion of their financial inflows from local business and investors, but which attract the interest of ‘global’ investors. Emerging markets and markets for financial exotica such as financial derivatives are examples of such peripheral markets. Because emerging markets ...

, , , , ,

Dates, EconoFiction

Das Kapital für das 21. Jahrhundert / Seminar

24 Okt , 2017  

Wann: 11.11.2017 | 14:00 – 17:00 Uhr
Wo: Aachen, Haus der Evangelischen Kirche
Kategorie: Einwände

Info here

 

Unmittelbar nach dem großen Finanzdebakel des Jahres 2008 entzündete sich ein Sturm der Entrüstung, der die Analyse des finanziellen Kapitals zugunsten eines Schreis nach moralischer Rechtschaffenheit der Banker und der aufgeregten Forderung ...

, , , , , , ,

EconoFiction

Financial Analysis of the Blue Economy: Sagarmala’s Case in Point

23 Okt , 2017  

Let us begin with the question. Why is infrastructure even important? Extensive and efficient infrastructure is critical for ensuring the effective functioning of the economy, as it is an important factor determining the location of economic activity and the kinds of activities or sectors that can develop in a particular

...

, , , , ,

Mashines

Algorhythmic Horizion

17 Okt , 2017  

Previously published in Migrant 2 (Wired Capital), 48–57. Printed in late May 2017. With links and pictures added in October 2017.

taken from here

A small remark in the third volume of Marx’s Capital (1894) edited by his friend Engels, usually overlooked, says that telegraph wires, together with steamboat lines ...

, , , , , , ,

EconoFiction

Google Eyed

11 Okt , 2017  

The Hoover Company’s vacuum cleaners once so dominated its market that people often still describe using any make of vacuum cleaner as ‘hoovering up’. Similarly, people ‘Google’ information from the Internet, even if they do not use Google. The only difference is that Google’s dominance of the Internet search market ...

, , ,

GenericScience

Das Kapital für das 21. Jahrhundert

7 Okt , 2017  

 

Das Kapital für das 21. Jahrhundert

Das Buch erscheint im Januar 2018 im Laika Verlag

Hier ein Auszug aus der Einleitung:

Die Weltökonomie befindet sich derzeit in einer Phase der säkularen Stagnation mit anhaltend niedrigen Wachstumsraten des realen Bruttoinlandsprodukts.1 Die nach dem Zweiten Weltkrieg von den Repräsentanten des Kapitals ...

, , , , , ,

EconoFiction

Synthetic Structured Financial Instruments

26 Sep , 2017  

An option is common form of a derivative. It’s a contract, or a provision of a contract, that gives one party (the option holder) the right, but not the obligation to perform a specified transaction with another party (the option issuer or option writer) according to specified terms. Options can ...

, , ,

EconoFiction

Die Analysten der Deutschen Bank und der kommende Crash

24 Sep , 2017  

Die meisten Zentralbanken spulen weiterhin die Politik des quantitative easing ab, während die Fed einen risikoreichen Umbruch beginnt, potenzielle Krisen entwickeln sich insbesondere in Italien und China, wir haben es mit enormen Ungleichgewichten im globalen Handel zu tun und mit einem Anschwellen des rechten Populismus, so die aktuelle Diagnose der ...

, , , , , , ,

EconoFiction

Crisis and Sequels: capitalism and the new economic turmoil since 2007

13 Sep , 2017  

Like every crisis, 2008’s surprised. Some of us failed to see how turmoil originating in finance, and apparently in a limited area of finance to do with the US housing market, could have such great impact on factories and offices which were not booming, but still jogging along with tidy ...

, , , , ,

EconoFiction

Cryptocurrency and Efficient Market Hypothesis. Drunken Risibility.

10 Sep , 2017  

According to the traditional definition, a currency has three main properties: (i) it serves as a medium of exchange, (ii) it is used as a unit of account and (iii) it allows to store value. Along economic history, monies were related to political power. In the beginning, coins were minted

...

, , ,

EconoFiction

The Scourge of Ratings Agencies

8 Sep , 2017  

This is from the archives written over two days in August and September this year and meant as part of the weekly digest for PFPAC (FB).
 Some days back, a friend, asked a question on Ratings Agencies (RAs hereafter), and if there is anything viable or subsequently pliable of these? ...

, , , ,

EconoFiction

Facebook’s Advertising Machine

7 Sep , 2017  

When Mark Zuckerberg is interviewed, the founder of Facebook can barely put a sentence together without using the word ‘connect’. This looks like a case of Tourette’s syndrome that spouts business buzz words not curses. But it is based on his understanding of the source of his company’s revenues and ...

, , , ,

EconoFiction

Economy of the War Machine (Part III of IV)

4 Sep , 2017  

Part III. The Economic Concept of Ordinal Value in Chapter 9

Socially-necessary labor time, supply and demand, marginal utility, putative or nominal price, risk-weighted interest rates, or some combination of the above: what do all of these conceptions of the determinates of value share in common? In short, they are ...

, , , , , , , , ,

EconoFiction

Economy of the War Machine (part II of IV)

3 Sep , 2017  

Part II. Three Models of Economy in Chapter 1

There are, according to D&G, as outlined in Chapter 1, three conceptually-distinct but ontologically-interwoven models for the composition of the assemblage of an object. For our purposes, we have said we will take up the object qua assemblage that is ...

, , , , , ,

EconoFiction

Economy of the War Machine (Part I of IV)

31 Aug , 2017  

Part I. Introduction to an Economy of the War Machine

 

Did you know that in Chapter 9 of A Thousand Plateaus Deleuze & Guattari outline an ordinal concept of value aligned with, in continuation of, and subsidiary to that which is developed throughout the heterodox economic project that is Deleuze’s ...

, , , , ,

EconoFiction

Orthodoxy of the Neoclassical Synthesis: Minsky’s Capitalism Without Capitalists, Capital Assets, and Financial Markets

30 Aug , 2017  

During the very years when orthodoxy turned Keynesianism on its head, extolling Reaganomics and Thatcherism as adequate for achieving stabilisation in the epoch of global capitalism, Minsky (Stabilizing an Unstable Economy) pointed to the destabilising consequences of this approach. The view that instability is the result of the ...

, , , ,

EconoFiction

Monetary Policy Divergence: Cross Currency + FX Swaps — Negative Basis

29 Aug , 2017  

Cross currency swaps and FX swaps encompass structures which allow investors to raise funds in a particular currency, e.g. the dollar from other funding currencies such as the euro. For example an institution which has dollar funding needs can raise euros in euro funding markets and convert the proceeds into ...

, , , ,