Showing 1 - 10 of 62
The study of economic growth is central to macroeconomics. More than anything else, macroeconomists are concerned with finding policies that encourage growth. And by ‘growth’, they mean the growth of real GDP. This measure has become so central to macroeconomics that few economists question...
Persistent link: https://www.econbiz.de/10012027064
» appearances of capital. The conventional view is that «real» capital is an objective productive entity; that «finance» merely … convention, we argue, is baseless if not fraudulent. First, although economists know full well that «real» capital, comprising … different capital goods, cannot have a unique objective quantity – they measure this pseudo quantity anyway, arbitrarily. Second …
Persistent link: https://www.econbiz.de/10014461454
capital, the accumulation of capital and the unit of capital. Specifically, our argument builds on a power understanding of … capital that emphasizes differential accumulation by dominant capital groups. Accumulation, we argue, has little to do with … by breadth, buttressed by neoliberal rhetoric, globalization and capital mobility. This regime started to run into …
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
accumulation, emphasizing the power drive by dominant capital groups to beat the average and exceed the normal rate of return. Four … reflects the progressive break-up of socioeconomic ‘envelopes’, as dominant capital moves through successive amalgamation at … have been previously 'resolved' when dominant capital broke its existing envelope, pushing to amalgamate within a broader …
Persistent link: https://www.econbiz.de/10011644558
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 between an antagonistic “depth” regime in which differential accumulation is … global arms race, drying up the flow of war profit in Israel. In these new conditions, dominant capital groups in the two …
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 … authoritarian techniques. Extending their contributions, we argue that capital is a business, not an industrial category, a human …
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 … capital accumulation – but in line with the differential interests of these companies – US policies in the region seem to have …
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