9780415477192

Capital as Power: A Study of Order and Creorder

by ;
  • ISBN13:

    9780415477192

  • ISBN10:

    0415477190

  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2009-06-26
  • Publisher: Routledge

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Summary

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'¨".

Table of Contents

Why Write a Book About Capital?
Dilemmas of Political Economy
The Dual Worlds
Power
Deflections of Power
The Enigma of Capital
Neoclassical Parables
The Marxist Entanglement I: Values and Prices
The Marxist Entanglement II: Who is Productive, Who is Not?
Accumulation of What?
Capitalization
Capitalization: A Brief Anthropology
Capitalization: Fiction, Mirror or Distortion?
Capitalization: Elementary Particles
Bringing Power Back In
Accumulation and Sabotage
The Capitalist Mode of Power
Accumulation of Power
Differential Accumulation and Dominant Capital
Breadth
Depth
Differential Accumulation: Past and Future
Table of Contents provided by Publisher. All Rights Reserved.

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