Showing 1 - 10 of 14
Persistent link: https://www.econbiz.de/10001542145
Persistent link: https://www.econbiz.de/10001522306
Neoclassical economics is the official scientific underpinning of capitalism as well as its main ideological defence, and according to Keen, it fails in both tasks. Contrary to received opinion, neoclassicism cannot explain capitalism - either in detail or in the aggregate - and the policies it...
Persistent link: https://www.econbiz.de/10012744688
Nowadays, it is commonplace to claim that the economy overuses our limited material and energy resources and that this overuse threatens both human society and the biosphere. Other than anti-science cranks, the only ones who seem to deny this claim are mainstream economists. In our view, though,...
Persistent link: https://www.econbiz.de/10012127015
This paper clarifies a common misrepresentation of our theory of capital as power, or CasP. Many observers tend to box CasP as an "institutionalist" theory, tracing its central process of "differential accumulation" to Thorstein Veblen’s notion of "differential advantage". This view, we argue,...
Persistent link: https://www.econbiz.de/10011962099
This paper clarifies a common misrepresentation of our theory of capital as power, or CasP. Many observers tend to box CasP as an "institutionalist" theory, tracing its central process of "differential accumulation" to Thorstein Veblen's notion of "differential advantage". This view, we argue,...
Persistent link: https://www.econbiz.de/10011942220
Most people think of science and literature as distinct human endeavours. According to received convention, science is mostly about "mind", whereas literature is largely about "heart". Science, goes the argument, is by and large rational, literature primarily emotional. Science is about...
Persistent link: https://www.econbiz.de/10012124836
Most explanations of stock market booms and busts are based on contrasting the underlying "fundamental" logic of the economy with the exogenous, non-economic factors that presumably distort it. Our paper offers a radically different model, examining the stock market not from the mechanical...
Persistent link: https://www.econbiz.de/10011753589
According to the theory of capital as power, capitalism, like any other mode of power, is born through sabotage and lives in chains - and yet everywhere we look we see it grow and expand. What explains this apparent puzzle of "growth in the midst of sabotage"? The answer, we argue, begins with...
Persistent link: https://www.econbiz.de/10011753893
Persistent link: https://www.econbiz.de/10011660155