Blog

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

Public vs Private Interests in Cancer Research

July 25, 2014
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Harvard Medical School researchers Michelle Holmes and Wendy Chen wrote an op-ed in the New York Times about research they published in 2010 that found aspirin may be an effective treatment for breast cancer patients. The op-ed was not just calling attention to these results. Rather, it was a complaint that the research needed to … 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

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 ...

Political Economy • Thoughts on Bohm, CASP, dialog, status quo

August 19, 2014

David Bohm's ideas on dialog as the only effective means of successful discourse, and what these ideas mean to radical schools such as CASP, is the topic ...

Political Economy • Re: Bringing energy back in

July 28, 2014

Blair,Econometrics is well aware of the correlation issue. One solution is to calculate the correlation of first differences. Make each series the simple ...

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