Global Capital: Political Economy of Capitalist Power (YorkU, GS/POLS 6285 3.0, Graduate)

Global Capital: Political Economy of Capitalist Power (YorkU, GS/POLS 6285 3.0, Graduate)
Nitzan, Jonathan. (2007). Political Science. York University. (Course; English).

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Abstract or Brief Description

What is capital? Is capital the same as machines, or is it merely a financial asset? Is it material or social? Is it static or dynamic? Surprisingly, these questions have no clear answers. The form of capital, its existence as monetary wealth, is hardly in doubt. The problem is with the content, the ‘stuff’ which makes capital grow, and on this issue there is no agreement whatsoever. For example, does capital accumulate because it is ‘productive,’ or due to the ‘exploitation’ of workers? Does capital expand ‘on its own,’ or does it need non-capitalist institutions such as the state? Can capital grow by undermining production and efficiency? What exactly is being accumulated? Does the value of capital represent a tangible ‘thing,’ ‘abstract labour’ or perhaps something totally different? What units should we use to measure its accumulation? Despite centuries of debate, none of these questions has a clear answer. Yet they have to have answers. The accumulation of capital is the central process of capitalism, and unless we can clarify what that means, our theories remain ‘bagel theories,’ with a big hole in the middle.

The seminar examines such questions theoretically and historically. The first part explores basic conceptions of capital. It begins by studying three approaches to capital: one based on utility, a second based on labour value and a third based on power. The discussion then broadens to examine these three approaches in relation to technology, the corporation and the state. The second part of the seminar deals with transformations of capital. This part introduces the twin concepts of dominant capital and differential accumulation. Using these concepts, the seminar explores the historical processes of corporate mergers, globalization, stagflation, imperialism and the new wars of the twenty-first century.

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Language

English

Publication Type

Course

Keywords

arms accumulation capital capitalism conflict corporation crisis distribution elite energy finance globalization growth imperialism GPE liberalism Marxism military Mumford national interest neoclassical neoliberalism oil ownership peace power profit ruling class security stagflation state stock market technology TNC Veblen violence war

Subject

BN Law
BN Theory
BN Data & Statistics
BN State & Government
BN Cooperation & Collective Action
BN Industrial Organization
BN Civil Society
BN Institutions
BN Macro
BN War & Peace
BN Conflict & Violence
BN Science & Technology
BN History
BN Methodology
BN Agency
BN Comparative
BN Capital & Accumulation
BN Class
BN Labour
BN Growth
BN Civilization & Social Systems
BN Trade
BN Hegemony
BN International & Global
BN Power
BN Business Enterprise
BN Value & Price
BN Crisis
BN Production
BN Money & Finance
BN Ideology
BN Distribution
BN Micro
BN Policy

Depositing User

Jonathan Nitzan

Date Deposited

18 Jan 2007

Last Modified

03 Apr 2016 16:00

URL:

http://bnarchives.yorku.ca/id/eprint/212

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