Arbeitspapier
A CasP Model of the Stock Market
Most explanations of stock market booms and busts are based on contrasting the underlying ‘fundamental’ logic of the economy with the exogenous, non-economic factors that presumably distort it. Our paper offers a radically different model, examining the stock market not from the mechanical viewpoint of a distorted economy, but from the dialectical perspective of capitalized power. The model demonstrates that (1) the valuation of equities represents capitalized power; (2) capitalized power is dialectically intertwined with systemic fear; and (3) systemic fear and capitalized power are mediated through strategic sabotage. This triangular model, we posit, can offer a basis for examining the asymptotes, or limits, of capitalized power and the ways in which these asymptotes relate to the historical and ongoing transformation of the capitalist mode of power.
- Language
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Englisch
- Bibliographic citation
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Series: Working Papers on Capital as Power ; No. 2016/07
- Classification
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Wirtschaft
- Subject
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capital as power
crisis
mismatch thesis
stock market
strategic sabotage
systemic fear
valuation
- Event
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Geistige Schöpfung
- (who)
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Bichler, Shimshon
Nitzan, Jonathan
- Event
-
Veröffentlichung
- (who)
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Forum on Capital As Power - Toward a New Cosmology of Capitalism
- (where)
-
s.l.
- (when)
-
2016
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Bichler, Shimshon
- Nitzan, Jonathan
- Forum on Capital As Power - Toward a New Cosmology of Capitalism
Time of origin
- 2016
Other Objects (12)
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The CasP Project: Past, Present, Future
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CasP's 'Differential Accumulation' versus Veblen's 'Differential Advantage' (Revised and Expanded)
The Scientist and the Church
No Way Out: Crime, Punishment and the Limits to Power (Transcript and Video)
Francis’ Buy-to-Build Estimates for Britain and the United States: A Comment
Can Capitalists Afford a Trumped Recovery?
The Capital as Power Aproach: An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan Nitzan
The Business of Strategic Sabotage
The Mismatch Thesis. Fiction and Reality in the Accumulation of Capital
A CasP Model of the Stock Market
The CasP Project: Past, Present, Future
The CasP Project: Past, Present, Future
CasP's 'Differential Accumulation' versus Veblen's 'Differential Advantage'
CasP's 'Differential Accumulation' versus Veblen's 'Differential Advantage' (Revised and Expanded)
The Scientist and the Church
No Way Out: Crime, Punishment and the Limits to Power (Transcript and Video)
Francis’ Buy-to-Build Estimates for Britain and the United States: A Comment
Can Capitalists Afford a Trumped Recovery?
The Capital as Power Aproach: An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan Nitzan
The Business of Strategic Sabotage
The Mismatch Thesis. Fiction and Reality in the Accumulation of Capital
A CasP Model of the Stock Market
The CasP Project: Past, Present, Future
The CasP Project: Past, Present, Future
CasP's 'Differential Accumulation' versus Veblen's 'Differential Advantage'
CasP's 'Differential Accumulation' versus Veblen's 'Differential Advantage' (Revised and Expanded)
The Scientist and the Church
No Way Out: Crime, Punishment and the Limits to Power (Transcript and Video)
Francis’ Buy-to-Build Estimates for Britain and the United States: A Comment
Can Capitalists Afford a Trumped Recovery?
The Capital as Power Aproach: An Invited-then-Rejected Interview with Shimshon Bichler and Jonathan Nitzan
The Business of Strategic Sabotage