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Can capitalists afford recovery? : three views on economic policy in times of crisis
Nitzan, Jonathan; Bikler, Šimšōn - In: Review of capital as power 1 (2014) 1, pp. 110-155
accumulation, so the question for them is the very possibility of sustained growth. The third and final part takes the view of … capital as power. Capitalized power hinges not on growth, but on strategic sabotage. So from this viewpoint, the key question …
Persistent link: https://www.econbiz.de/10011653508
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Can capitalists afford recovery? : economic policy when capital is power
Bikler, Šimšōn; Nitzan, Jonathan - 2013
Economic, financial and social commentators from all directions and persuasion are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to be how to get out of it. The purpose of our paper is to ask a very different question that...
Persistent link: https://www.econbiz.de/10011753880
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How Capitalists Learned to Stop Worrying and Love the Crisis
Bichler, Shimshon; Nitzan, Jonathan - In: Real-World Economics Review (2014) 66, pp. 65-73
accumulation and economic growth are two sides of the same process. Accumulation generates growth and growth fuels accumulation, so … it seems bootless to ask whether capitalists want growth. Growth is their lifeline, and the more of it, the better it is … growth decelerates, the income share of the Top 1% – which includes the capitalists as well as their protective power belt …
Persistent link: https://www.econbiz.de/10011644575
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Can Capitalists Afford Recovery? Economic Policy When Capital is Power
Bichler, Shimshon; Nitzan, Jonathan - 2013
Economic, financial and social commentators from all directions and persuasion are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to be how to get out of it. The purpose of our paper is to ask a very different question that...
Persistent link: https://www.econbiz.de/10011645084
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Can Capitalists Afford Recovery? Three Views on Economic Policy in Times of Crisis
Nitzan, Jonathan; Bichler, Shimshon - In: Review of Capital as Power 1 (2014) 1, pp. 110-155
accumulation, so the question for them is the very possibility of sustained growth. The third and final part takes the view of … capital as power. Capitalized power hinges not on growth, but on strategic sabotage. So from this viewpoint, the key question …
Persistent link: https://www.econbiz.de/10011646063
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Can capitalists afford recovery? : a 2018 update and a closer look
Bikler, Šimšōn; Nitzan, Jonathan - 2018
This research note starts by showing that, for much of the postwar period, U.S. unemployment to has been a highly reliable leading indicator for the capitalist share of domestic income three years later, and then assesses whether this relationship still holds.
Persistent link: https://www.econbiz.de/10011977530
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Inflation as redistribution : creditors, workers, policymakers
Bikler, Šimšōn; Nitzan, Jonathan - 2023
This paper is part of a dialogue with Blair Fix on how inflation redistributes income between creditors and workers and the way in which monetary policy affects this process. In his 2023 paper, 'Inflation! The Battle Between Creditors and Workers', Fix shows, first, that the impact of U.S....
Persistent link: https://www.econbiz.de/10014252525
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From Olson to Veblen: The Stagflationary Rise of Distributional Coalitions
Nitzan, Jonathan - 1992
This essay deals with the relationship between stagflation and the process of restructuring. The literature dealing with the interaction of stagnation and inflation is invariably based on some explicit or implicit assumptions about economic structure, but there are very few writings which...
Persistent link: https://www.econbiz.de/10011647601
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Can Capitalists Afford Recovery? A 2018 Update
Nitzan, Jonathan; Bichler, Shimshon - 2018
...Looking forward, the prognosis for capitalists seems negative. Over the last few years, unemployment has fallen sharply, and if the predictive power of our chart remains intact, the capitalist income-share-read-power is bound to contract further, raising the ante for a prolonged accumulation...
Persistent link: https://www.econbiz.de/10011911768
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Can Capitalists Afford Recovery? A 2018 Update and a Closer Look
Bichler, Shimshon; Nitzan, Jonathan - 2018
This research note starts by showing that, for much of the postwar period, U.S. unemployment to has been a highly reliable leading indicator for the capitalist share of domestic income three years later, and then assesses whether this relationship still holds.
Persistent link: https://www.econbiz.de/10011926601