demonstrated that money is a measure of generalized power in exchange and a certification of generalized power in subsequent … consider power. The concept of generalized power is introduced. It is generalized power that serves as the primary comparable … and measurable objective basis of exchange. The power theory of exchange provides the objective price-equation. It is …

"money" in a capitalist society? And, indeed, what is "power" in the first place? In the following I will try to develop a …According to Shimshon Bichler and Jonathan Nitzan capital is not an economic quantity but a mode of power; it could be … sumarized as: "Capital is power quantified in monetary terms". So, what do we do when we "quantify"? What is the nature of …

to maintain one's current state. When the purpose of saving is no longer to accumulate money, but to spend it on a status …-related product, the basic effect is reversed and those who feel powerless save more. Further, if money can no longer aid in … maintaining one's current state, because power is already secure or because power is maintained by accumulating an alternative …