Showing 1 - 10 of 46
Early in 2011, we received a surprising invitation from the Financial Times Lexicon. A reader had suggested that an entry on differential accumulation be added to the Lexicon, and the online content developer asked us if we would be willing to write it. Our first thought was that this must have...
Persistent link: https://www.econbiz.de/10011644936
don’t speak about it in isolation. They refer to finance not in and of itself, but in relation to the so-called real … capital stock. The recent crisis, they argue, happened not because of finance as such, but due to a mismatch between financial … and real capital. The world of finance, they complain, has deviated from and distorted the real world of accumulation. And …
Persistent link: https://www.econbiz.de/10011753701
popular belief in neoliberal globalization, peace dividends, fiscal conservatism and sound finance that dominated the 1980s … proletarianization, on green-field investment and, particularly, on mergers and acquisitions. A depth regime builds on redistribution …
Persistent link: https://www.econbiz.de/10011644556
The paper offers a new theoretical framework for linking inflation and accumulation, with the Israeli experience as a case study. The focal point is the process of differential accumulation by the largest core firms. The theory of differential accumulation suggests that the relative power of...
Persistent link: https://www.econbiz.de/10011644557
-field investment, internal depth via cost-cutting, and external depth through stagflation. The complex relationships between these …-field investment, contributing to the stagnation tendency of modern capitalism. (3) The wave-like pattern of mergers and acquisitions …
Persistent link: https://www.econbiz.de/10011644558
This paper offers a new theoretical approach for comparing the current political-economic U-turns in South Africa and Israel. Our principal focus is on a revised notion of capital, emphasizing the central role of differential accumulation by dominant capital groups. We further distinguish...
Persistent link: https://www.econbiz.de/10011644559
Since the late 1980s, Israel has been undergoing a profound transformation, characterized by reconciliation with its Arab neighbours and attempts to reintegrate into the regional economy, a transition from a militarized economy to open markets, and a decline of the collectivist ethos in favour...
Persistent link: https://www.econbiz.de/10011644560
Existing theories of capital, neo-classical as well as Marxist, are anchored in the material sphere of production and consumption. This article offers a new analytical framework for capital as a crystallization of power. The relative nature of power requires accumulation to be measured in...
Persistent link: https://www.econbiz.de/10011644561
This is the second in a series of two articles looking into the interaction between differential capital accumulation and Middle East “energy conflicts.” Examining the historical record since the late 1960s, we find US policies to have been increasingly consistent with the coinciding...
Persistent link: https://www.econbiz.de/10011644562
This paper offers a new approach to the political economy of armament, focusing on the relationship between military spending and differential accumulation in mature capitalist economies. Applied to the “model” case of Israel, our analysis suggests that the militarization of Israel’s...
Persistent link: https://www.econbiz.de/10011644563