Identifiant pérenne de la notice : 254408311
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Note publique d'information : La 4e de couv. indique : "Conventional theories of capitalism are mired in a deep
crisis: after centuries of debate, they are still unable to tell us what capital is.
Liberals and Marxists both think of capital as an 'economic' entity that they count
in universal units of 'utils' or 'abstract labour', respectively. But these units
are totally fictitious. Nobody has ever been able to observe or measure them, and
for a good reason: they don't exist. Since liberalism and Marxism depend on these
non-existing units, their theories hang in suspension. They cannot explain the process
that matters most - the accumulation of capital. This book offers a radical alternative.
According to the authors, capital is not a narrow economic entity, but a symbolic
quantification of power. It has little to do with utility or abstract labour, and
it extends far beyond machines and production lines. Capital, the authors claim, represents
the organized power of dominant capital groups to reshape - or creorder - their society.
Written in simple language, accessible to lay readers and experts alike, the book
develops a novel political economy. It takes the reader through the history, assumptions
and limitations of mainstream economics and its associated theories of politics. It
examines the evolution of Marxist thinking on accumulation and the state. And it articulates
an innovative theory of 'capital as power' and a new history of the 'capitalist mode
of power".
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