Blog

Complexity Science and Political-Economy: Post 1 – Networks

August 20, 2014
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This series of posts will explore some contemporary fields in “complexity science”. They summarize experiences from the Santa-Fe Institute Complex Systems Summer School 2014, with the hope of suggesting to readers useful research tools for political-economy. Please feel free to contact the author if you are interested in discussing or utilizing any of the approaches … Read More

Capital as Power: ESSAY PRIZE

August 19, 2014
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The Review of Capital as Power (RECASP) announces an annual essay prize of $1,000 for the best paper on the subject of capital as power. Submitted articles should not have been published in a refereed journal or book before. The particular topic is open. The paper can be theoretical, historical or empirical, and it may … Read More

The Brawl on Bay Street

August 11, 2014

The world of traders has largely been outside political economic analysis. With financial values treated as ‘fictitious’ representations of real values, trading is, at best, a distortion. The actual individuals who perform this role, and supporting roles in the realm of financial intermediation, are given no consideration. From the perspective of CasP, on the other … Read More

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Publications

Wal-Mart’s Power Trajectory: A Contribution to the Political Economy of the Firm

March 16, 2014
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This article offers a power theory of value analysis of Wal-Mart’s contested expansion in the retail business. More specifically, it draws on, and develops, some aspects of the capital as power framework so as to provide the first clear quantitative explication of the company’s power trajectory to date. After rapid growth in the first four … Read More

No Way Out: Crime, Punishment and the Capitalization of Power

January 14, 2014
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The United States is often hailed as the world’s largest ‘free market’. But this ‘free market’ is also the world’s largest penal colony. It holds over seven million adults – roughly five per cent of the labour force – in jail, in prison, on parole and on probation. Is this an anomaly, or does the … Read More

The Capitalist Mode of Power: Critical Engagements with the Power Theory of Value

August 26, 2013
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This edited volume offers the first critical engagement with one of the most provocative and controversial theories in political economy: the thesis that capital can be theorized as power and that capital is finance and only finance. The book also includes a detailed introduction to this novel thesis first put forward by Nitzan and Bichler … Read More

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Working Papers

No. 2014/03: Baines, “The Ethanol Boom and the Restructuring of the Food Regime”

July 16, 2014
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Working Paper No. 2014/03 Joseph Baines, “The Ethanol Boom and the Restructuring of the Food Regime” [A shorter version of this paper is forthcoming at The Journal of Peasant Studies] The agrofuel boom has brought about some of the most significant transformations in the world food system in recent decades. A rich and diverse body … Read More

No. 2014/02: Fix, “Rethinking Profit: How Redistribution Drives Growth”

April 7, 2014
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Working Paper No. 2014/02 Blair Fix, “Rethinking Profit: How Redistribution Drives Growth” Using a combination of heterodox economics and biophysical analysis, this paper investigates the relationship between economic distribution and the growth of material throughput. Empirical results show that the growth of “useful work” correlates with redistribution towards pro fit. Furthermore, increases in energy consumption are correlated … Read More

No. 2014/01: McMahon, “Capitalist Power, Distribution and the Order of Cinema”

March 18, 2014
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Working Paper No. 2014/01 James McMahon, “Capitalist Power, Distribution and the Order of Cinema” In this paper, the structure of Hollywood film distribution will be analyzed through the lens of risk. In both its technical and conceptual senses, risk is relevant to the study of Hollywood’s dominant firms. In the interest of lowering risk, the business … Read More

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Critical Mass Forum

Political Economy • Re: Critical Take On GDP in the FT

August 24, 2014

One reason why economists are hesitant to abandon real GDP is that they only ever see official estimates. Everyone here is familiar with the subjective ...

Community • Re: Music to excel to

August 20, 2014

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Events • RECASP Essay Prize (Deadline: December 31, 2014)

August 19, 2014

The Review of Capital as Power (RECASP) announces an annual essay prize of $1,000 for the best paper on the subject of capital as power. Submitted articles ...

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