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Capital as Power (RIPE Series in Global Political Economy)
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Review
"In Capital as Power Jonathan Nitzan and Shimshon Bichler address one of the oldest theoretical conundrums in the discipline of political economy -- the theory of capital -- with a view to supplying a more satisfactory answer to the question 'what is capital?' While the work clearly fits into the tradition of radical political economy it is not easy to place it in any one school, and this for very good reason: Nitzan and Bichler are trying to create a new approach to political economy." - Brennan, Jordan. 2009. Review of "Capital as Power: A Study of Order and Creorder." Canadian Journal of Political Science 42 (4, December): 1057-1058 "Capitalism is the 'natural reality' of the day: we live in and with its beauty and perplexities. As of now, we seem to be helpless before its gigantic leap forward and submit ourselves to its power. The rules by which we abide, the morals we keep and the very life we love to cherish all sprout up, engage, adjust, fight in and with the different manifestations of capitalism, and owe much debt to its intricate legacies. But do we know what capitalism really is? And how do we know that what we know of capitalism is accurate? This book brilliantly examines and rigorously analyses these very old questions of political economy and the theoretical attempts to define capitalism in its political, social and philosophical sense, situating them in the classical political economy of the 18th and 19th centuries." - Vineeth Mathoor, Review of Nitzan and Bichler's "Capital as Power" By Capital & Class, 2011, Vol. 35, No. 2 (June), pp. 337-340.
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About the Author
Jonathan Nitzan teaches political economy at York University in Toronto. Shimshon Bichler teaches political economy at colleges and universities in Israel.
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Product details
Series: RIPE Series in Global Political Economy
Paperback: 464 pages
Publisher: Routledge; 1 edition (June 17, 2009)
Language: English
ISBN-10: 0415496802
ISBN-13: 978-0415496803
Product Dimensions:
6.1 x 1 x 9.2 inches
Shipping Weight: 1.8 pounds (View shipping rates and policies)
Average Customer Review:
4.6 out of 5 stars
4 customer reviews
Amazon Best Sellers Rank:
#206,578 in Books (See Top 100 in Books)
My review title may be a bit over the top, but I truly believe that this work by Jonathan Nitzan and Shimshon Bichler is a step completely "out of the box" - a total sidestep of the academic impasse of "mainstream" vs Marxist economics and a genuinely new view on the economic and political nature of our world. I don't suggest that this is the only thing one needs to read to start to put present times into perspective, but for me it has been one of the most valuable reads in a long time.Although I'm not an economist or political scientist by profession (I'm an engineer) I was able to understand well enough from this work that neither school of economics can account correctly for how the capitalist economy actually works. However, the ability of the authors to put the current political and social state of the world into a long historical context was what made me consider this well worth the price. This they do with reference to the somewhat neglected work of Thorstein Veblen and Lewis Mumford as well as other writers not normally found in modern economics texts. On top of its solid academic and intellectual merits, this book was surprisingly entertaining to read. A funny book about economics - who would've guessed it?For those looking to understand the world and not necessarily focused strictly on changing currents in political economy and economics, I'd personally recommend David Korten's "The Great Turning - from Empire to Earth Community" and Thomas Greco's "The End of Money and the Future of Civilization" in addition to this impressive book.I apologise for only being able to review "Capital As Power" from the perspective of an "enthusiast" - now perhaps a specialist can provide a professional view. Such a major work deserves to be widely discussed and read and it was criminal for it not to be reviewed here. Out of respect for and appreciation of the authors I have done my best. Two thumbs up.
Good reading. Makes for a good critical view on taken-for-granted knowledge. Stimulates one to be careful when approaching politics and economics, and gives evidence that alternative interpretations are possible.
The analysis of inflation is a well worntopic. You can look it up in various encyclopedias.They usually offer a monetaristanalysis.The passage about inflationin Bichler Nitzan looks more interesting.page 370:"Who are the winners and losersin the struggle ...".
...when most of us -- whether we know it or not -- would benefit from the reset that the bailout kicked down the road. Unless you want to remain indoctrinated by a system that is completely inept at providing a quality environment for just about anything or anyone who is alive, you should read this book. Unfortunately, most of us think that the system provides freedom when in reality "[t]he Freidmanite individual may feel 'free to choose' his location in the distribution, but the distribution itself is shaped by the power institutions and organizations of capitalism." [p.160] The sooner we all recognize that most of us are "part of a collectively managed mob," the sooner we can start to make a shift to a more sane and free system.A basic understanding of the faults of the dominant system is necessary in order to shape a world that is fair, just, and sane. This book provides that basic understanding and is highly recommended. If you can't afford the price, please search WorldCat for a nearby copy or alternatively search for the pdf of the book that the authors have made available online.
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