Capital as Power: A Study of Order and Creorder (RIPE Series in Global Political Economy)

Capital as Power: A Study of Order and Creorder (RIPE Series in Global Political Economy)

Jonathan Nitzan

Conventional theories of capitalism are mired in a deep challenge: after centuries of dialogue, they're nonetheless not able to inform us what capital is. Liberals and Marxists either give some thought to capital as an ‘economic’ entity that they count number in common devices of ‘utils’ or ‘abstract labour’, respectively. yet those devices are completely fictitious. no one has ever been in a position to become aware of or degree them, and for an outstanding cause: they don’t exist. because liberalism and Marxism depend upon those non-existing devices, their theories grasp in suspension. they can't clarify the method that concerns such a lot – the buildup of capital.

This e-book deals a thorough substitute. in accordance with the authors, capital isn't a slender fiscal entity, yet a symbolic quantification of strength. It has little to do with software or summary labour, and it extends some distance past machines and creation traces. Capital, the authors declare, represents the prepared strength of dominant capital teams to reshape – or creorder – their society.

Written in easy language, obtainable to put readers and specialists alike, the booklet develops a singular political economic system. It takes the reader during the heritage, assumptions and obstacles of mainstream economics and its linked theories of politics. It examines the evolution of Marxist pondering on accumulation and the nation. And it articulates an cutting edge concept of ‘capital as strength’ and a brand new heritage of the ‘capitalist mode of power’.

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