Temps Critiques The Performative Discourse of Power With its attacks against state handouts and its rejection of guaranteed income, Macron’s speech of November 9th on labor value (or on labor “as value”) was little more than a rehearsal of what Jospin1 had …
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
The question of the book is how a radical critique of capitalism is possible when critique in the tradition of Kant and Hegel means that the criticized subject itself has to “give” the measure of its critique. The thesis is …
This article utilises the new reading of Marx found in the work of Michael Heinrich to ana-lyse the creative industries. It considers the role played in the production of value by the labour that takes place in the sphere of …
Creative Industries, Value Theory and Michael Heinrich’s New Reading of Marx
This article sets out the foundatons of an axiomatc theory of value and money. Its purpose is to equip the public to explain the four facts that define the modern capitalist economy: the long-term post-war decline of the economies of …
A General Theory of Value and Money (Part 1: Foundations of an Axiomatic Theory)
Former Bank of England governor Mark Carney’s BBC Radio 4 Reith Lectures have restimulated interest in the topic of ‘value’. For Carney, the first decades of a century of crisis have been characterised by a continuing commitment to abstract ‘subjective’ …
A revaluation of value? The politics of value between populism and pandemic
Frederick Harry Pitts unterteilt sei Buch Value in sechs Abschnitte: 1) Wert als Substanz (Ricardo und der exoterische Marx). 2) Wert als Relation (der esoterische Marx und Heinrich). 3) Wert als Nutzen (Neoklassik). 4) Wert und Institutionen (Bichler/Nitzan). 5) Wert …
The theory of capital as power (CasP) is radically different from conventional political economy. In the conventional view, mainstream as well as heterodox, capital is seen a ‘real’ economic entity engaged in the production of goods and services, and capitalism …
Unbridgeable: Why Political Economists Cannot Accept Capital as Power
The Esoteric Marx This second lecture picks up on some key points from the first lecture to explore the ‘esoteric’ Marx, a subterranean current of Marxian thought distinct from the ‘exoteric’ Marx of the workers’ movement. I therefore want to …
This four-part lecture series asks what the Marxian critique of political economy can tell us about the twenty-first century, an historical moment marked by deindustrialization, economic stagnation, growing labour superfluity, and a political landscape in which the figure of the …
An Essay on Value, Crises and the Capitalist Mode of Production John Milios, Dimitri Dimoulis, George Economakis Marx’s Critique of Political Economy constitutes not a “correction” of Classical Political Economy’s “mistakes” or “misunderstandings”, but the formation of a new theoretical …
This paper establishes, and illustrates for the case of the UK, a temporal method for calculating the labour values of outputs from any process or sector of a market economy. It exhibits the temporal calculation of the Monetary Equivalent of …