By Jonathan Nitzan,Shimshon Bichler
Conventional theories of capitalism are mired in a deep predicament: after centuries of discussion, 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 absolutely fictitious. not anyone has ever been capable of realize or degree them, and for a very good cause: they don’t exist. on account that liberalism and Marxism depend upon those non-existing devices, their theories hold in suspension. they can not clarify the method that issues so much – the buildup of capital.
This e-book deals an intensive replacement. in response to 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 construction traces. Capital, the authors declare, represents the equipped energy of dominant capital teams to reshape – or creorder – their society.
Written in basic language, obtainable to put readers and specialists alike, the ebook develops a unique political economic system. It takes the reader in the course of the heritage, assumptions and boundaries of mainstream economics and its linked theories of politics. It examines the evolution of Marxist pondering on accumulation and the kingdom. And it articulates an cutting edge idea of ‘capital as energy’ and a brand new background of the ‘capitalist mode of power’.