[OPE] Capital as Power -- A new book by Nitzan & Bichler

I intend to have a look at it, but from the blurb it's already clear that
they're attacking straw men, and that they have an overinflated opinion of
their own intellectual achievements, which is offputting. The problem with
the "power theory of capital" is that it is no less problematic than the
"value theory of capital". Substituting "power" for "value" does not solve
very much, since the forms of power are just as complex, variegated and
elusive as the forms of value. A better strategy would be to analyze the
complex relationships between power and value.

Jurriaan

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Received on Wed May 20 02:49:34 2009