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

From: Dave Zachariah <>
Date: Wed May 20 2009 - 16:55:33 EDT

Jurriaan Bendien wrote:
> 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.

I agree with this. While their analysis of capitalism and oil was
interesting I think their general framework of "power" is unconvincing.
One would at least expect it to be based on some rigorous class analysis.

//Dave Z
ope mailing list
Received on Wed May 20 16:59:36 2009

This archive was generated by hypermail 2.1.8 : Sun May 31 2009 - 00:00:03 EDT