EconoFiction

Contingency and Foundation: Rethinking Money, Debt, and Finance after the Crisis

21 Okt , 2018  

The origins of the financial crisis of 2007–8 have been widely understood in terms of the financial system having transgressed the boundaries of its proper role and place in society; and the response has been driven above all by a concern that key dimensions of the social order have become ...

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EconoFiction

Marx’s Capital after MEGA2

16 Okt , 2018  

(The following text is the slightly reworked version of an article which appeared on 21 September 2005 in “Jungle World”, a leftist German weekly newspaper. In a previous issue, Karl Heinz Roth, one of the main German representatives of Operaismo, had argued that some important Marxian categories are not ...

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EconoFiction

Another Speculation? Michel Feher on Neoliberalism and Resistance

4 Okt , 2018  

In getting to grips with “neoliberalism”, a recommended first port of call is the published transcripts of Michel Foucault’s 1979 lecture series at the Collège de France titled The Birth of Biopolitics.[i] In those lectures Foucault demonstrated that the foundations of neoliberalism emerge from a critique of the ...

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EconoFiction

The Time of Money (Review) (2)

28 Sep , 2018  

Viele der eingängigen Aussagen von kritischen Soziologen, angefangen bei Richard Sennett bis hin zu Elena Esposito, bewegen sich dahingehend, dass die Zukunft sich in einer gewissen Distanz zur Gegenwart befindet und gegenüber dem Hier und Jetzt geschützt und damit nicht als eine Ressource in der Gegenwart an den Märkten gehandelt ...

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EconoFiction

Was ist eigentlich eine Bank?

26 Sep , 2018  

In ihrer Anfangsphase konzentrierten sich die Geschäfte der privaten Banken hauptsächlich auf den Ankauf von Gold, Wechseln, Aktien und Anleihen, dem die Ausgabe von Kontokorrentkrediten, Krediten und Darlehen gegenüberstand. Historisch geschah dies oft zuerst in der Form des Wechsels; im Wechselgeschäft haftet bis zum Fälligkeitstermin derjenige, der den Wechsel ...

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EconoFiction

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

23 Sep , 2018  

The 2007-2008 financial crisis is without precedent in the post-war period, a fact acknowledged by the majority of economists. At the same time, the crisis is a ‘marginal moment’ which unveils and helps us rethink the workings of contemporary capitalism. The latter is mostly grasped under the term of financialization ...

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EconoFiction

Against the Valorization of Life – Part I

20 Sep , 2018  

We have nothing to sell you and we are not trying to seduce our fellow proletarians. We are not a groupuscule seeking to compete over prestige or influence with the rest of the other groupuscules and parties which claim to represent the exploited and which seek to govern them. We ...

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EconoFiction

On the Character of the Current Economic Crisis

15 Sep , 2018  

Spyros Lapatsioras,1 Leonidas Maroudas,2 Panayotis G. Michaelides,3 John Milios,4 D. P. Sotiropoulos,5

1. Introduction

In the third chapter of Capital Marx observed: “As long as the social character of labour appears as the money existence of the commodity and hence as a thing outside actual production, monetary crises, independent of ...

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EconoFiction

Speculative Finance and the Transformation of the Social

14 Sep , 2018  

Are the temporal dimensions of money, debt and finance important? How and why should social scientists engage with these questions? These are the key lines of inquiry that drive my new book The Time of Money.

For many social scientists the answer to these questions is obvious, especially when ...

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EconoFiction, Necropolitics

Kriegsmaschinen des Finanzkapitals, Staatsfaschisierung und Krieg

1 Aug , 2018  

Die folgenden Bemerkungen beziehen sich auf das kürzlich erschienene Buch „Wars and Capital“ von Éric Alliez and Maurizio Lazzarato. Man kann nach Ansicht der Autoren den Ausnahme- oder Sicherheitsstaat nicht mehr allein im Bezug zum Gesetz denken, wie Agamben das noch tut, weil der gegenwärtige Staat ein konstitutives Prinzip der ...

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EconoFiction

Marx’s Critique of (Ricardian) Political Economy, the Quantity Theory of Money and Credit Money

25 Jun , 2018  

The Marxist concept of value is very frequently equated, whether explicitly or merely tacitly, with the corresponding Ricardian concept of “labour expended”. This paper argues that unlike the Ricardian theory of value, the Marxist theory of value is a monetary theory. In the Marxist system, the value of a commodity

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EconoFiction

Zum Buch “Kapital und Macht im 21. Jahrhundert”

5 Mai , 2018  

Nach den umfangreichen Werken Kapitalisierung I und II und Non-Marxismus legt Achim Szepanski im Hamburger Laika Verlag nun sein bislang zugänglichstes Werk vor, Kapital und Macht im 21. Jahrhundert. Das als Einführung in die hier finanzielles Kapital genannte Thematik konzipierte Buch ist mit 335 Seiten dafür fast etwas lang ...

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