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This is the second in a series of two articles looking into the interaction between differential capital accumulation and Middle East “energy conflicts.” Examining the historical record since the late 1960s, we find US policies to have been increasingly consistent with the coinciding...
Persistent link: https://www.econbiz.de/10011644562
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 paper offers an alternative approach to the repeated occurrence of Middle East “energy conflicts.” Our analysis centres around the process of differential capital accumulation, emphasizing the quest to exceed the “normal rate of return” and to expands one's share in the overall flow...
Persistent link: https://www.econbiz.de/10011644564
Israeli politics saw major realignments in 1977 and 1992. The effect of long range economic cycles on the nature and outcome of Israeli electoral politics is examined in these two elections.
Persistent link: https://www.econbiz.de/10011644565
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10011644566
which finance capital could export its excessive surplus. The next version posited a neo-imperial world of monopoly …
Persistent link: https://www.econbiz.de/10011644569
Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists think of capital as an economic entity that they count in universal units of utils and abstract labour, respectively. But these units...
Persistent link: https://www.econbiz.de/10011644571
about a financial crisis, they don’t speak about it in isolation. They refer to finance not in and of itself, but in … relation to the so-called real capital stock. The recent crisis, they argue, happened not because of finance as such, but due … to a mismatch between financial and real capital. The world of finance, they complain, has deviated from and distorted …
Persistent link: https://www.econbiz.de/10011644650
¿Qué quieren decir los economistas cuando hablan de “acumulación de capital'? La respuesta es todo, menos clara. La opinión convencional es que hay dos tipos de capital: real y financiero, que deben guardar correspondencia y que, infortunadamente, la mayoría de las veces no se...
Persistent link: https://www.econbiz.de/10011644651
This paper develops a pairs trading framework based on a mean-reverting jump-diffusion model and applies it to minute-by-minute data of the S&P 500 oil companies from 1998 to 2015. The established statistical arbitrage strategy enables us to perform intraday and overnight trading. Essentially,...
Persistent link: https://www.econbiz.de/10011644776