The Capitalization of Money Creation: The Greatest Sabotage in Human History? Every year in my course on Political Economy in the New Millennium I ask my students to do an exercise. The task is for them to ask three members of their friends or family how money is created. As you can imagine, the answers … Read More
Speaking to students in Jakarta, Indonesia, US Secretary of State, John Kerry, declared a few days ago that climate change is the world’s “most fearsome” weapon of mass destruction. Likening climate change to terrorism, Kerry stated that “It doesn’t keep us safe if the United States secures its nuclear arsenal while other countries fail to … Read More
Over at Heterodox Microeconomics Research Network they have a thorough list of academic publications that are relevant to heterodox theories of capitalism. The list covers the following subjects: 1. History and Methodology of Heterodox Microeconomics 2. Critiques of Mainstream Microeconomics 3. Principles of Heterodox Microeconomic Theory 4. Theory of the Business Enterprise 5. Structure of Production … Read More
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
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
This paper outlines the contours of a new research agenda for the analysis of food price crises. By weaving together a detailed quantitative examination of changes in corporate profit shares with a qualitative appraisal of the restructuring in business control over the organisation of society and nature, the paper points to the rapid ascendance of … Read More
Working Paper No. 2013/01 Shimshon Bichler and Jonathan Nitzan, “Can Capitalists Afford Recovery? Economic Policy When Capital Is Power” Abstract: Economic, financial and social commentators from all directions and persuasion are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to be how to … Read More
I changed the title so the thread can be used to recommend or request good reads in political economy.
Statistics: Posted by jmc — Tue Feb 25, 2014 ...
On the topic of capital theory, I just ran across two articles that are absolutely fascinating:J.B. Glattfelder and S. Battiston:Backbone of complex networks ...
Hi Sandy,All corporate data is from Compustat Global - Fundamentals Annual. I just filtered out the top 10 companies (by employment) for each country ...
Sandy Brian Hager
Shimshon Bichler and Jonathan Nitzan
Tim Di Muzio interviews Shimshon Bichler and Jonathan Nitzan