accumulation as capitalisation of power
Applying this concept to Israel, they reveal the big picture that never makes it to the news. Diverse processes are all woven into a single story. The result is a fascinating account of one of the world’s most volatile regions.
|저 자 : 조나단 닛잔ㆍ심숀 비클러||발행일 : 2002.10.20|
출판사 : Pluto Press
Over the past century, Israel has been transformed from an agricultural colony, to a welfare-warfare state, to a globally integrated "market economy" characterised by great income disparities. What lies behind this transformation?
In order to understand capitalist development, argue Bichler and Nitzan, we need to break the artificial separation between "economics" and "politics", and think of accumulation itself as "capitalisation of power".
Applying this concept to Israel, they reveal the big picture that never makes it to the news. Diverse processes – such as regional conflicts and energy crises, ruling class formation and dominant ideology, militarism and dependency, inflation and recession, the politics of high-technology and the transnationalisation of ownership – are all woven into a single story. The result is a fascinating account of one of the world’s most volatile regions.
Jonathan Nitzan is Professor of Political Economy at York University, Toronto, Canada. He is the co-author (with Shimshon Bichler) of Capital As Power: A Study of Order and Creorder, published 2009. Their writings focus of the nature of capital in capitalism and provide an alternative view to that of Marxist and neoclassical economics. In their theory capital is the quantification of power. Central to their theory is the concept of differential accumulation where firms strive to profit more by beating the average profit level.
Shimshon Bichler is an educator who teaches political economy at colleges and universities in Israel. Along with Jonathan Nitzan, Bichler has created an engaging power theory of capitalism and theory of differential accumulation in their analysis of the political economy of wars, Israel, and globalization.