Showing 1 - 10 of 14
. Building on Nitzan and Bichler’s Capital as Power hypothesis, I argue that hierarchy formation is an integral part of the … growth process. I hypothesize that the role of capital accumulation (through profit) is to facilitate hierarchy formation by …
Persistent link: https://www.econbiz.de/10011645089
Why do institutions grow? Despite nearly a century of scientific effort, there remains little consensus on this topic. This paper offers a new approach that focuses on energy consumption. A systematic relation exists between institution size and energy consumption per capita: as energy...
Persistent link: https://www.econbiz.de/10011645097
According to the theory of capital as power, capitalism, like any other mode of power, is born through sabotage and lives in chains – and yet everywhere we look we see it grow and expand. What explains this apparent puzzle of 'growth in the midst of sabotage'? The answer, we argue, begins with...
Persistent link: https://www.econbiz.de/10011674612
by one’s position within an institutional hierarchy. While many theorists have proposed a connection between personal … number of subordinates below one’s position in a hierarchy. Using this definition, I find that relative income within firms …
Persistent link: https://www.econbiz.de/10011687938
What makes the rich different? Are they more productive, as mainstream economists claim? I offer another explanation. What makes the rich different, I propose, is hierarchical power. The rich command hierarchies. The poor do not. It is this greater control over subordinates, I hypothesize, that...
Persistent link: https://www.econbiz.de/10012001846
increase as one moves up the hierarchy. But how this hierarchical structure affects income distribution has not been widely … hierarchy. This ‘hierarchy model’ takes the limited available evidence on the structure of firm hierarchies and generalizes it … conduct the first quantitative investigation of hierarchy’s effect on income distribution. I find that hierarchy plays a …
Persistent link: https://www.econbiz.de/10011816901
. The idea is that US firms have systematically redistributed income to the top of the corporate hierarchy. I test this … hypothesis using a large scale hierarchy model of the US private sector. My method is to vary the rate that income scales with …
Persistent link: https://www.econbiz.de/10011885004
hierarchy. In short, I hypothesize that capitalist income stems from hierarchical power. Based on this thinking, I hypothesize …
Persistent link: https://www.econbiz.de/10011892551
Human capital theory is the dominant approach for understanding personal income distribution. According to this theory, individual income is the result of "human capital". The idea is that human capital makes people more productive, which leads to higher income. But is this really the case? This...
Persistent link: https://www.econbiz.de/10011892552
energy use, hierarchy, and inequality. To do this, I create a large-scale numerical model that is informed by modern evidence …
Persistent link: https://www.econbiz.de/10011949502