Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/157985
Authors: 
Bichler, Shimshon
Nitzan, Jonathan
Dutkiewicz, Piotr
Year of Publication: 
2013
Citation: 
[Title:] 22 Ideas to Fix the World: Conversations with the World's Foremost Thinkers [Editor:] Dutkiewicz, Piotr [Editor:] Sakwa, Richard [Place:] New York, NY [Publisher:] New York University Press and the Social Science Research Council [Pages:] 326-354
Abstract: 
PREAMBLE BY PIOTR DUTKIEWICZ: In a unique two-pronged dovetailing discussion, frequent collaborators and coauthors Jonathan Nitzan and Shimshon Bichler discuss the nature of contemporary capitalism. Their central argument is that the dominant approaches to studying the market – liberalism and Marxism – are as flawed as the market itself. Offering a historically rich and analytically incisive critique of the recent history of capitalism and crisis, they suggest that instead of studying the relations of capital to power we must conceptualize capital as power if we are to understand the dynamics of the market system. This approach allows us to examine the seemingly paradoxical workings of the capitalist mechanism, whereby profit and capitalization are divorced from productivity and machines in the so-called real economy. Indeed Nitzan and Bichler paint a picture of a strained system whose component parts exist in an antagonistic relationship. In their opinion, the current crisis is a systemic one afflicting a fatally flawed system. However, it is not one that seems to be giving birth to a unified opposition movement or to a new mode of thinking. The two political economists call for nothing short of a new mode of imagining the market, our political system, and our very world.
Subjects: 
business and industry
capital accumulation
capitalization
capitalism
class
data
differential accumulation
market system
methodology
neoclassical economics
power
systemic crisis
value theory
URL of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/4.0/
Document Type: 
Book Part

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