Blog

The Value of Corporate Nationalism

September 5, 2014
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Canadians take pride in Tim Hortons. It is an icon of contemporary Canadiana. When news emerged that Burger King (BKW) was planning a takeover, the media was filled with stories of people’s outrage. The political economic issues this raises are myriad. For example, what value is there to the passion of Canadians for Tim Hortons … Read More

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

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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: Thoughts on Bohm, CASP, dialog, status quo

September 10, 2014

If we are adopting a non-narrow understanding of dialog, then The Internet has to be considered an Earth-shattering innovation in both the medium and ...

Political Economy • Re: The Finances of the Islamic State

September 9, 2014

Thanks for your observations, Joe.I can't help but wonder if one of the reasons we aren't hearing such calls is because the integrity of the global financial ...

Political Economy • Re: The Finances of the Islamic State

September 9, 2014

One thought: It's quite common for two (or more) sides in a war to continue trading with each other. During the Yugoslav wars, for instance, there was ...

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