McMahon, James - In: Review of capital as power 2 (2021) 1, pp. 30-70
This article responds to Baines and Hager’s recent critique of the capital-aspower model of the stock market. Proposed by Bichler and Nitzan, this model seeks to explain how financial crises are tied to the concept of "systemic fear". Bichler and Nitzan tested their initial model on US data,...