Fix, Blair. 2014. Putting Power Back Into Growth Theory. Working Papers on Capital as Power (2014/05, December): 1-30.
* Winner of the 2014 RECASP Essay Prize * ABSTRACT: Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play no role. Unfortunately, when this assumption is tested against real-world evidence, it is systematically violated. This paper argues that a reality-based growth theory must reject neoclassical principles in favour of a power-centered approach. Building on Nitzan and Bichler’s Capital as Power hypothesis, I argue that hierarchy formation is an integral part of the growth process. I hypothesize that the role of capital accumulation (through profit) is to facilitate hierarchy formation by legitimizing the authority of capitalists. FULL TEXT: http://bnarchives.yorku.ca/438/ *** Recent additions and updates to the Bichler & Nitzan Archives: http://bnarchives.yorku.ca/perl/latest Free to repost and circulate with due attribution under the Creative Commons License (attribution-noncommercial-no derivative). To unsubscribe, reply to this email with "unsubscribe" in the subject field. -- Jonathan Nitzan Political Science || Social and Political Thought York University 4700 Keele St. Toronto, Ontario, M3J-1P3 Canada Voice: (416) 736-2100, ext. 88822 Fax: (416) 736-5686 Email: nitzan at yorku.ca The Bichler & Nitzan Archives:http://bnarchives.net Alternative site:http://yorku.academia.edu/JonathanNitzan Capital as Power:http://capitalaspower.com RECASP (journal):http://lha.uow.edu.au/hsi/research/recasp/articles/index.html RECASP Essay Prize:http://lha.uow.edu.au/hsi/research/recasp/essayprize/index.html _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
