Review of Nitzan and Bichler's "Capital as Power: A Study of Order and Creorder"

Review of Nitzan and Bichler's "Capital as Power: A Study of Order and Creorder"
Larudee, Mehrene. (2011). Review of Radical Political Economics. Vol. 43. No. 3. September. pp. 418-420. (Review; English).

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Abstract or Brief Description

FROM THE REVIEW: "What is capital? In this impressive work, Nitzan and Bichler argue cogently, carefully, and (to my mind) convincingly that we should reject both the neoclassical and the Marxian conceptions of capital, and embrace instead the alternative conception they offer: that capital is power. I admit I was highly skeptical before I read the book, despite my admiration for their previous work, especially their analysis of differential profit rates and other issues in Nitzan and Bichler (2002). I was surprised, then, to find that I was largely persuaded that in some important sense capital is power, and that this view implies a rigorous, empirically sound research program that yields highly useful results. This short review cannot hope adequately to convey the depth and rigor of their analysis, or the encyclopedic knowledge of Marxian and other literature on which it is based; my hope is simply that it inspires or provokes the reader to pick up the book and argue with its ideas."

Language

English

Publication Type

Review

Keywords

capital political economy

Subject

BN Money & Finance
BN Theory
BN State & Government
BN Methodology
BN Distribution
BN Institutions
BN Power
BN Capital & Accumulation
BN Business Enterprise
BN Value & Price

ID Code

319

Deposited On

26 August 2011



Commentary on:
Capital as Power. A Study of Order and Creorder
Nitzan, Jonathan and Bichler, Shimshon. (2009). RIPE Series in Global Political Economy. London and New York. Routledge. (Book; English).

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