There are broadly three ways of thinking historically about capitalism. One draws on Marx’s value theory and pretty much treats...Read More
Capitalism | The Paper Pilot
The Paper Pilot's digital garden of thoughts on philosophy, politics, and sociology
CMV: The labor theory of value is flawed
72 votes, 407 comments. This might be an obscure topic, however, in some—largely Marxist circles— the approach seems to motivate much of the dialogue…
The Myth of Capitalism Exposed
We need a revolution to cast off monopolies and restore entrepreneurial freedom. First of two excerpts from “The Myth of Capitalism.”
Market Socialism | The Paper Pilot
The Paper Pilot's digital garden of thoughts on philosophy, politics, and sociology
Three views on economic power
We investigate the concept of economic power in the three main paradigms of economic thinking in the 20th century: neoclassical, marxist and institutionalist. We propose a reconstruction, based on a new taxonomy, of the various forms of power conceptualized by each of them. In particular, we claim that the neoclassical paradigm contains a consistent although often implicit theory of power. We then show that many controversies between these paradigms were debates on power and that some shifts in mainstream economics in the 1970s and 1980s are a reaction to the criticisms leveled against the neoclassical conceptualization of power.
Muskism, capitalism according to Elon Musk
Capitalism
Capitalism is an economic system based on the private ownership of the means of production and its use for the purpose of obtaining profit. This socioeconomic system has developed historically in several stages, and is defined by a number of constituent elements: private property, profit motive, capital accumulation, competitive markets, commodification, wage labor, and an emphasis on innovation and economic growth. Capitalist economies may experience business cycles of economic expansion followed by recessions.
Le nouveau capitalisme (1/3)
Traduction de "New capitalism in America. Richest capitalists and richest workers are increasingly the same people" de Branko Milanovic
Will capitalism end capitalism? | Steve Loftus | The Critic Magazine
Imagine waking up one morning to discover your job still exists, but your services are no longer required. The work is being done, just not by you, not by anybody. Somewhere, a machine is doing it…
Why did capitalism begin in the West?
Culture, class, and the origins of capitalist development
Cognitive-cultural economy
Cognitive-cultural economy or cognitive-cultural capitalism is represented by sectors such as high-technology industry, business and financial services, personal services, the media, and the cultural industries. It is characterized by digital technologies combined with high levels of cognitive and cultural labor.
Cyber-Marx: Cycles and Circuits of Struggle in High Technology Capitalism
Cycles and Circuits of Struggle in High Technology Capitalism
Why Capitalism Requires Expanded Reproduction
A friend Nick wants to know why capitalism can only exist as expanded reproduction. In Volume II of “Capital,” Marx developed the diagrams for both simple and expanded reproduction. Why…
Cyber-Marx: Cycles and circuits of struggle in high technology capitalism - Nick Dyer-Witheford
The complete text of Nick Dyer-Witheford's 1999 book, which provides an analysis of information-age capitalism and the movements currently dissolving it. In PDF format.
Capitalism and markets are closely connected, but they aren't exactly the same thing. And once we recognize that it opens up a huge new terrain for different types of social organization. J.K. Gibson Graham wrote on this a lot. en.wikipedia.org/wiki/J._K._Gibson-Graham
J. K. Gibson-Graham - Wikipedia
en.wikipedia.org