Systemic Crisis, Systemic Fear: An Exchange

Systemic Crisis, Systemic Fear: An Exchange
Kliman, Andrew and Bichler, Shimshon and Nitzan, Jonathan. (2011). Journal of Critical Globalization Studies. No. 4. April. pp. 61-118. (Journal Article; English).

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Alternative Locations

http://www.criticalglobalisation.com/index.html

Abstract or Brief Description

An exchange between Andrew Kliman and Shimshon Bichler and Jonathan Nitzan.

1. Andrew Kliman: 'Value and Crisis: Bichler and Nitzan versus Marx'

EDITORS' NOTE: In the first article, Andrew Kliman responds to Bichler and Nitzan's recent paper on 'Systemic Fear, Modern Finance and the Future of Capitalism' (2010). He then goes on to raise a series of issues concerning the critique of Marxian value theory which these authors put forward in their book Capital as Power (Nitzan and Bichler, 2009). It is followed by a rejoinder from Bichler and Nitzan.

2. Shimshon Bichler and Jonathan Nitzan: 'Kliman on Systemic Fear: A Rejoinder'

EDITORS' NOTE: Andrew Kliman's paper in this issue, 'Value and Crisis: Bichler and Nitzan versus Marx', consists of two sections. The first section deals with Bichler and Nitzan's recent paper on 'Systemic Fear, Modern Finance and the Future of Capitalism' (2010). The second section takes issue with their earlier critique of Marx’s labour theory of value (Nitzan and Bichler, 2009), and offers an explanation of the global economic crisis. In the following rejoinder, Bichler and Nitzan address the points raised in the first of these sections.

Language

English

Publication Type

Article - Journal

Keywords

behavioural finance capital capitalization distribution dogma fear labour theory of value major bear markets Marxism power profit science sleepwalking systemic crisis

Subject

BN Civilization & Social Systems
BN Money & Finance
BN Conflict & Violence
BN History
BN Data & Statistics
BN Methodology
BN Distribution
BN Agency
BN Institutions
BN Power
BN Region - North America
BN Capital & Accumulation
BN Value & Price
BN Class
BN Crisis

ID Code

314

Deposited On

15 May 2011

Available Versions of this Item

• Systemic Crisis, Systemic Fear: An Exchange (deposited 01 April 2011)
  • Systemic Crisis, Systemic Fear: An Exchange (deposited 15 May 2011) [Currently Displayed]

Commentary/Response Threads

• Bichler, Shimshon and Nitzan, Jonathan. Systemic Fear, Modern Finance and the Future of Capitalism. (deposited 25 July 2010)
  • Hong, Gibin. Is Global Financial Capitalism Following the Path of Communism? (금융 자본주의는 소련 공산주의의 뒤를 밟을 것인가?: 자본 시장의 심장 박동이 멈추었다). (deposited 09 November 2010)
  • Nitzan, Jonathan and Bichler, Shimshon. Guest Lecture: Systemic Fear, Modern Finance and the Future of Capitalism. (deposited 17 November 2010)
  • Nitzan, Jonathan. Eyes Wide Shut: The Ruling Class and the Future of Capitalism. (deposited 16 November 2010)
  • Bichler, Shimshon and Nitzan, Jonathan. Systemic Fear, Modern Finance and the Future of Capitalism (체제적 공포, 현대 금융과 자본주의의 미래). (deposited 09 November 2010)
    • Hong, Gibin. The Global Capital Market Under “Systemic Fear” ('체제적 공포' 엄습한 자본시장). (deposited 10 November 2010)
    • Lee, Jong-Tae. Left Unattended, the Capitalist Crisis Could Culminate in the Collapse of Global Civilization (자본주의 위기 방치하면 세계대전 일어난다). (deposited 13 November 2010)
    • Nitzan, Jonathan and Hong, Gibin. Systemic Fear, Modern Finance and the Future of Capitalism (체제적 공포, 현대 금융과 자본주의의 미래). (deposited 19 November 2010)
  • Kliman, Andrew and Bichler, Shimshon and Nitzan, Jonathan. Systemic Crisis, Systemic Fear: An Exchange. (deposited 01 April 2011)
  • Kliman, Andrew and Bichler, Shimshon and Nitzan, Jonathan. Systemic Crisis, Systemic Fear: An Exchange. (deposited 15 May 2011) [Currently Displayed]