Blog

The 1% And The Rest Of Us by Tim DiMuzio, Tom Mills Tim DiMuzio discusses his book, ‘The 1% and the Rest of Us: A Political Economy of Dominant Ownership’ with NLP’s Tom Mills.

July 3, 2015
new left project

Tim DiMuzio is lecturer in International Relations and public policy University of Wollongong in Australia.  His book, The 1% and the Rest of Us: A Political Economy of Dominant Ownership, examines the insular lives of the global super rich, the socio-economic system they head, and their restless drive to dominate society and nature.  NLP’s Tom … Read More

Performing the Real-Nominal Bifurcation

May 11, 2015
the burbs

The Globe & Mail recently published a roundup of seven analyses of the Canadian housing sector. All of the analyses took some position on whether or not housing in Canada is “overvalued.” The positions ranged from 60 percent overvalued to seven percent under-valued. Regardless of the position, all of the analyses – at least as … Read More

Patriarchy above the glass ceiling

April 28, 2015
Glass Ceiling by Mark Atwood

The logic of accumulation is not the only logic that motivates capitalists. As fully actualized human beings, they remain complex in their desires. Rather, the logic of accumulation is dominant and, Nitzan and Bichler argue, pervasive and ascendant; increasingly operating beyond the business domain. However, the other logics, or principles of behaviour, that inform people’s … Read More

Go to Blog

Publications

Putting Power Back Into Growth Theory

June 29, 2015
map

ABSTRACT Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play no role. Unfortunately, when this assumption is tested against real-world evidence, it is systematically violated. This paper argues that a reality-based growth theory must reject neoclassical principles in favour of a powercentered approach. Building on Nitzan and … Read More

Malik on The Ontology of Finance: Price, Power, and the Arkhéderivative

June 24, 2015
Cover

FROM THE EDITOR’S INTRODUCTION In what promises to be a significant contribution to political economy, Malik seeks to combine the philosophical understanding of the nature and logic of the derivatives market with an analysis of the entirely novel, structurally-specific mode of capitalist power it expresses. This ambitious ‘ontology of finance’ supplements Ayache’s understanding of the … Read More

The Scientist and the Church

May 28, 2015
wea-ebookcover-bichler_nitzan

FROM THE BACK COVER The Scientist and the Church is a wide-ranging biography of research, showcasing Bichler and Nitzan’s attempts to break through the stifling dogmas of the academic church and chart a new scientific cosmology of capitalism. Central to the authors’ work is the notion that capital is not a productive economic category but … Read More

Go to Publications

Working Papers

No. 2015/03: Bichler and Nitzan, “Capital Accumulation: Fiction and Reality”

June 11, 2015
writing

Working Paper No. 2015/03 Shimshon Bichler and Jonathan Nitzan, “Capital Accumulation: Fiction and Reality” What do economists mean when they talk about ‘capital accumulation’? Surprisingly, the answer to this question is anything but clear, and it seems the most unclear in times of turmoil. Consider the recent ‘financial crisis’. The very term already attests to … Read More

No. 2015/02: McMahon, “Marxism, Culture and the Measurement of Value”

March 6, 2015
writing

Working Paper No. 2015/02 James McMahon, “Marxism, Culture and the Measurement of Value” Various studies of mass culture use the Marxist labour theory of value to conceptualize how capital is being accumulated from cultural production and its broader social and immaterial dimensions. However, there is a significant methodological problem that lingers. The issue stems from … Read More

No. 2015/01: Hager, “Public Debt as Corporate Power”

January 6, 2015
demonocracy-federal_reserve_money_printing-wall_street_manipulation

Working Paper No. 2015/01 Sandy Brian Hager, “Public Debt as Corporate Power” In various writings Karl Marx made references to an ‘aristocracy of finance’ in Western Europe and the United States that dominated ownership of the public debt. Drawing on original research, this paper offers the first comprehensive analysis of the pattern of public debt … Read More

Go to Working Papers

Critical Mass Forum

Research • Education

May 13, 2015

This post has two parts: the first, a bit of a rant; the second, some empirical research.First off, I am becoming increasingly disillusioned with the ...

Research • Inequality and Capitalist Income

April 18, 2015

For a long time now I've been bothered by the lack of a clear connection between capitalist income and inequality. I've always thought that the connection ...

Research • Re: The Depth Spectrum

February 23, 2015

Very interesting results, Blair, and fresh thinking.Since 'techno mass', just like 'real capital', has no unique magnitude, it cannot be measured. And ...

Go to Critical Mass Forum