How should we measure the power of dominant capital? Economists, although seldom if ever referring to ‘dominant capital’, quantify the relative size of large firms by measuring their so-called aggregate concentration. But for all their insight, measures of aggregate concentration have one...

We write this essay for both lay readers and scientists, though mainstream economists are welcome to enjoy it too. Our subject is the basic toolbox of mainstream economics. The most important tools in this box are demand, supply and equilibrium. All mainstream economists – as well as many...

The theory of capital as power (CasP) is radically different from conventional political economy. In the conventional view, mainstream as well as heterodox, capital is seen a “real” economic entity engaged in the production of goods and services, and capitalism is thought of as a mode of...

Colin Harrison's novel The Finder (2008) uncovers the hidden hierarchy of differential information. We live in a knowledge economy, or so they say. And in the world of finance, knowledge is power: the power to buy assets before their price appreciates. This knowledge-as-power, though, is...

The big picture is unambiguous: humanity is undermining the planetary ecosystem, and the deterioration continues unhindered. According to the 2019 Global Assessment Report on Biodiversity and Ecosystem Services, since 1970, the capacity of nature to sustain contributions to good quality of life...

A lot has been written on the imminent decline of pharmaceuticals: their falling production, reduced R&D, declining innovation, the opioid crisis, patent cliffs, biting competition from generic drugs, growing opposition to IPR. The list goes on. Judging by the yardsticks that matter the most,...

הדברים הבאים נכתבו ב-2007 כטיוטה שטרם נסתיימה. במקורם, הם היו אמורים להיות ראשיתו של מאמר שיתאר את סופרי "המלחמה הגדולה", מלחמת-העולם הראשונה, אלה שכתבו עליה כחיילים,...

This note contextualizes the ongoing U.S. policy shift toward greater ‘regulation’ of large corporations. Cory Doctorow and Blair Fix are optimistic about this shift. We doubt it.

In 2012, we published a paper in the Journal of Critical Globalization Studies titled 'Imperialism and Financialism: The Story of a Nexus'. Our topic was the chameleon-like Marxist notion of imperialism and how its different theories related to finance. Here is the article's summary: Over the...

The study of society today is divided into different disciplines – the so-called social sciences – a division that fractures our consciousness into disconnected bits and pieces. Literature does the very opposite: it brings things together, offering glimpses into the enfolded, hologramic...