By Jonathan Nitzan,Shimshon Bichler
Conventional theories of capitalism are mired in a deep main issue: after centuries of dialogue, they're nonetheless not able to inform us what capital is. Liberals and Marxists either reflect on 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 capable of realize or degree them, and for a great cause: they don’t exist. for the reason that liberalism and Marxism rely on those non-existing devices, their theories hold in suspension. they can't clarify the method that concerns such a lot – the buildup of capital.
This publication bargains a thorough replacement. in keeping with the authors, capital isn't a slender fiscal entity, yet a symbolic quantification of energy. It has little to do with software or summary labour, and it extends a ways 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 basic language, available to put readers and specialists alike, the ebook develops a unique political economic system. It takes the reader in the course of the historical past, assumptions and barriers of mainstream economics and its linked theories of politics. It examines the evolution of Marxist pondering on accumulation and the country. And it articulates an cutting edge concept of ‘capital as energy’ and a brand new heritage of the ‘capitalist mode of power’.
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