Capital as Power. A Study of Order and Creorder
Abstract or Brief Description
FROM THE BACK COVER
Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an 'economic' entity that they count in universal units of ‘utils’ or 'abstract labour', respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital.
This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society.
Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of 'capital as power' and a new history of the 'capitalist mode of power'.
absentee ownership accumulation benchmark bond bourgeoisie breadth business enterprise capital class corporation cosmology credit creorder crisis debt deflation depth differential dissonance vs. resonance dominant capital duality elementary particles equilibrium exploitation feudalism fictitious capital finance globalization goodwill government green-field hologram hype industry inflation institutionalism labour theory of value liberty markup mergers and acquisitions mode of power mode of production neoclassical economics neo-Marxism nomos normal rate of return oppression political economy politics vs. economics price productive vs. unproductive labour productivity profit real vs. nominal risk sabotage securities skilled vs. unskilled labour socially necessary abstract labour space stagnation stagflation state of capital stocks surplus value tangible vs. intangible assets technology uncertainty utility utils
BN Data & Statistics
BN State & Government
BN Cooperation & Collective Action
BN Industrial Organization
BN Civil Society
BN War & Peace
BN Conflict & Violence
BN Science & Technology
BN Capital & Accumulation
BN Civilization & Social Systems
BN International & Global
BN Business Enterprise
BN Region - North America
BN Value & Price
BN Money & Finance
29 November 2010
- Capital as Power. A Study of Order and Creorder. (deposited 29 November 2010) [Currently Displayed] .
- Theory of Capital Makes a Comeback. New Strategies for the Study of Society (Review of Nitzan and Bichler's "Captial as Power"). (deposited 12 September 2009).
- Invitation for a seminar on the current crisis followed by a book launch of CAPITAL AND POWER. (deposited 22 October 2009).
- Review of Nitzan and Bichler's "Captial as Power: A Study of Order and Creorder". (deposited 18 December 2009).
- Review of Nitzan and Bichler's "Capital as Power: A Study of Order and Creorder". (deposited 06 June 2012).
- Kapital als Macht und imaginäre Institution: Eine Einführung in die Kapitalmachttheorie von Jonathan Nitzan und Shimshon Bichler. (deposited 12 May 2010).
- From the Economic Crisis to Fanaticism, Three New Publications Explore the Meaning of Capital (Review of Nitzan and Bichler's "Capital as Power: A Study of Order and Creorder"). (deposited 30 August 2010).
- Capital as Power: An Audio Interview with Jonathan Nitzan. (deposited 06 June 2012).
- Review of Nitzan and Bichler's "Capital as Power: A Study of Order and Creorder". (deposited 02 July 2011).
- Review of Nitzan and Bichler's "Capital as Power: A Study of Order and Creorder". (deposited 20 August 2011).
- Review of Nitzan and Bichler's "Capital as Power: A Study of Order and Creorder". (deposited 26 August 2011).
- Book Review: Jonathan Nitzan and Shimshon Bichler, "Capital as Power: A Study of Order and Creorder". (deposited 31 May 2012).
- Rethinking Capital (Two-Part Radio Interview with Jonathan Nitzan). (deposited 14 June 2012).
- 'Capital as Power' - Notiz zu einem neuen Forschungsansatz und einer Konferenz ('Capital as Power' - notice on a new research approach and a conference). (deposited 17 December 2012).