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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
globally integrated “market economy” characterised by great income disparities. What lies behind this transformation? Why the … high-technology and the transnationalisation of ownership – are all woven into a single story. The result is a fascinating …
Persistent link: https://www.econbiz.de/10011646687
transformation in Israel. First, we argue against the conventional separation between the “political system” and the “economic system … evolution of modern capitalism, the leading firms are increasingly driven not to maximize their profits but rather to “beat the …
Persistent link: https://www.econbiz.de/10011646694
The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of ongoing structural and...
Persistent link: https://www.econbiz.de/10011646704
theories. Poland's transformation can be seen as a success, but only to the extent of achieving two-thirds of its potential. … abilities of the relevant country. In Poland, during 20 years of comprehensive systemic shift, GDP increased more than in any … other postsocialist country. To judge the transformation progress, it is not enough to review improvements in …
Persistent link: https://www.econbiz.de/10010273403
The recent shift from ‘global villageism’ to the ‘new wars’ revealed a deep crisis in heterodox political economy. The … empirically grounded. We use the ‘new wars’ as a stepping stone to understand a triple transformation that altered the nature of … some measure of growth and stability, depth thrives on ‘accumulation through crisis.’ The past twenty years were dominated …
Persistent link: https://www.econbiz.de/10011644556
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
This article was commissioned by the French newspaper Le Monde. The newspaper was one of several sponsors of an International Conference on Global Regulation, held at the University of Sussex on May 29-31, 2003, where we presented a plenary paper. As part of its sponsorship, Le Monde agreed to...
Persistent link: https://www.econbiz.de/10011644925
It is popular these days to talk about the "discontent" of neoliberal globalization. This "discontent" is no longer the prerogative of intellectuals. Increasingly, it comes from below, with opposition from the grassroots. But there may be another type of discontent lurking behind the scenes....
Persistent link: https://www.econbiz.de/10011646692
as a socio-material transformation in which capital changes its skin from money, to commodities, to more money. The … engine of this transformation is the labour process, in which living labour power is converted into “dead labour” embedded in …
Persistent link: https://www.econbiz.de/10011646693