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Over the past century, Marxism has been radically transformed in line with circumstances and fashion. Theses that once looked solid have depreciated and fallen by the sideline; concepts that once were deemed crucial have been abandoned; slogans that once sounded clear and meaningful have become...
Persistent link: https://www.econbiz.de/10011644935
Early in 2011, we received a surprising invitation from the Financial Times Lexicon. A reader had suggested that an entry on differential accumulation be added to the Lexicon, and the online content developer asked us if we would be willing to write it. Our first thought was that this must have...
Persistent link: https://www.econbiz.de/10011644936
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 the real world of accumulation. And …
Persistent link: https://www.econbiz.de/10011645092
Over the past century, Israel has been transformed from an agricultural colony, to a welfare-warfare state, to a globally integrated “market economy” characterised by great income disparities. What lies behind this transformation? Why the shift in emphasis from “war profits” to “peace...
Persistent link: https://www.econbiz.de/10011646687
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 both think of capital as an 'economic' entity that they count in universal units of ‘utils’ or 'abstract labour', respectively....
Persistent link: https://www.econbiz.de/10011646688
– or limits – of this power and explore the all-encompassing logic of modern finance. Subsequent chapters research the …
Persistent link: https://www.econbiz.de/10011646690
It is popular these days to talk about the "discontent" of neoliberal globalization. This "discontent" is no longer the prerogative of intellectuals. Increasingly, it comes from below, with opposition from the grassroots. But there may be another type of discontent lurking behind the scenes....
Persistent link: https://www.econbiz.de/10011646692
This chapter outlines the main problems of capital theory, key issues which need to be resolved, and the way in which an alternative concept of capital may affect the future evolution of IPE. Briefly, existing theories of capital can be classified into three groups, based on their relationship...
Persistent link: https://www.econbiz.de/10011646693
The purpose of this article is to offer an alternative analytical framework for understanding the long term transformation in Israel. First, we argue against the conventional separation between the “political system” and the “economic system.” This separationist approach has been popular...
Persistent link: https://www.econbiz.de/10011646694
A theoretical and historical account of the global political economy of oil, armament and capital accumulation in the Middel East.
Persistent link: https://www.econbiz.de/10011646695