Artikel
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.
- Sprache
-
Englisch
- Erschienen in
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Journal: Real-World Economics Review ; Year: 2016 ; Issue: 77 ; Pages: 119-154 ; Toronto: The Bichler and Nitzan Archives
- Klassifikation
-
Wirtschaft
- Thema
-
capital as power
crisis
mismatch thesis
stock market
strategic sabotage
systemic fear
valuation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bichler, Shimshon
Nitzan, Jonathan
- Ereignis
-
Veröffentlichung
- (wer)
-
The Bichler and Nitzan Archives
- (wo)
-
Toronto
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Bichler, Shimshon
- Nitzan, Jonathan
- The Bichler and Nitzan Archives
Entstanden
- 2016
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