Capital as power : a study of order and creorder /

The purpose of this book is to explain capital as a form of power. It provides a new conceptual framework and new ways of thinking about key global issues including finance-industry relations, globalization and the dynamics of war and peace.

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Bibliographic Details
Author / Creator:Nitzan, Jonathan.
Imprint:Milton Park, Abingdon, Oxon ; New York, NY : Routledge, 2009.
Description:xxvi, 438 pages : illustrations ; 24 cm.
Language:English
Series:RIPE series in global political economy
RIPE series in global political economy.
Subject:Capitalism.
Power (Social sciences)
Capitalism.
Power (Social sciences)
Format: Print Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/7792544
Hidden Bibliographic Details
Other authors / contributors:Bichler, Shimshon.
ISBN:9780415477192
9780415496803
0415477190
0415496802
9780203876329
0203876326
Notes:Includes bibliographical references (pages 401-429) and index.
Summary:The purpose of this book is to explain capital as a form of power. It provides a new conceptual framework and new ways of thinking about key global issues including finance-industry relations, globalization and the dynamics of war and peace.
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. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don't exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most -- the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape -- or creorder -- their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of 'capital as power' and a new history of the 'capitalist mode of power'.--Publisher description.