A CasP Model of the Stock Market -- Video and Chartbook

A CasP Model of the Stock Market -- Video and Chartbook
Bichler, Shimshon and Nitzan, Jonathan. (2016). Plenary presentation at the "Capital as Power: Broadening the Vista" Conference, York University. 29 September. (Lecture / Presentation; English).

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Abstract or Brief Description

Most explanations of stock market booms and busts are based on contrasting the underlying, ‘fundamental’ logic of the economy with the exogenous, non-economic factors that presumably distort it. Our paper offers a radically different model, examining the stock market not from the mechanical viewpoint of a distorted economy, but from the dialectical perspective of capitalized power. The model demonstrates that (1) the valuation of equities represents capitalized power; (2) capitalized power is dialectically intertwined with systemic fear; and (3) the connection between capitalized power and systemic fear is mediated by strategic sabotage. This triangular model, we posit, can offer a basis for examining the asymptotes, or limits, of capitalized power and the ways in which these asymptotes relate to the historical and ongoing transformation of the capitalist mode of power.

Video duration: 1:53 hours

WHERE: Room 280N in York Lanes, Keele Campus, York University
WHEN: Thursday, September 29, 2016, 2:15-4:00 pm

Language

English

Publication Type

Lecture / Presentation

Additional Information

Plenary presentation at the "Capital as Power: Broadening the Vista" Conference, York University

Keywords

capitalized power mismatch thesis strategic sabotage stock market systemic fear

Subject

BN Money & Finance
BN Power
BN Policy
BN Region - North America
BN Value & Price
BN Capital & Accumulation
BN Conflict & Violence
BN Crisis
BN Distribution
BN Growth
BN Institutions

Depositing User

Jonathan Nitzan

Date Deposited

20 Sep 2016 17:24

Last Modified

08 Nov 2016 01:44

URL:

http://bnarchives.yorku.ca/id/eprint/489

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