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Posts Tagged ‘Capital Ficticio’

“Financial times”: Joseph Choonara – A review of Costas Lapavitsas, Profiting Without Producing: How Finance Exploits Us All -

23/04/2014 Deja un comentario

Profiting Without Producing: How Finance Exploits Us All (Verso, 2013), £20

In the substantial body of Marxist literature emerging in the wake of the economic crisis that began in 2007-8, two broad positions have been evident.1 The first emphasises that the crisis erupted as a result of long-term tendencies within the capitalist process of production, generally focusing on a decline in the rate of profit in the post-war decades that has not subsequently been fully reversed. Exponents of this position include Robert Brenner and Anwar Shaikh, along with various writers who have been published in this journal, notably Michael Roberts, Guglielmo Carchedi, Andrew Kliman and Chris Harman.2 The second position concentrates on the specifically financial dimension of the crisis and typically downplays the tendency for the rate of profit to decline. The work under review confirms its author, Costas Lapavitsas, as one of the most important and intellectually sophisticated representatives of this position.

Of course, the two positions cannot be neatly disentangled. All of those mentioned above who fall into the first camp have been forced to grapple with the undeniable financial aspect of the crisis. Lapavitsas, too, is at pains to point out that finance cannot be understood without tracing its origins in wider processes within the capitalist economy. It is neither entirely autonomous of production, nor is it a parasitic outgrowth feeding upon it. Leer más…

“La crisis global y el capital ficticio”: Consuelo Silva Flores y Claudio Lara Cortés. [Coordinadores]

08/01/2014 Deja un comentario

Rosa María Marques. Paulo Nakatani. Reinaldo Carcanholo. Mauricio de Souza Sabadini. Claudio Lara Cortés. [Autores de Capítulo]
…………………………………………………………………………
Colección Grupos de Trabajo.
ISBN 978-956-9372-03-2
ARCIS. CLACSO.
Santiago de Chile.
Diciembre de 2013

A la memoria de
Reinaldo Carcanholo,
colega, amigo y compañero de ruta.

“Teoria do Valor Trabalho e Crise”: Ricardo Antunes

28/08/2013 Deja un comentario

Teoria do Valor Trabalho e Crise
Prof. Dr. Ricardo Antunes

Palestra proferida na UnB dia 19 de outubro de 2012, no período da tarde, na mesa redonda: Teoria do Valor Trabalho e Crise durante o I Encontro Internacional Teoria do Valor Trabalho e Ciências Sociais. Realização: Grupo de Estudos e Pesquisa sobre o Trabalho, Departamento de Sociologia/UnB.

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“Gestación y desarrollo de la hegemonía de las formas y mecanismos de valorización financieros y especulativos: desde la década de 1970 hasta la crisis actual”: Abelardo Mariña Flores y Giannina Ninnette Torres Ramírez

29/07/2013 Deja un comentario

Resumen

En este trabajo se analiza la gestación y el desarrollo general en el plano de la economía mundial de la hegemonía de las formas y los mecanismos de valorización financieros y especulativos desde la década de 1970 hasta la crisis actual, identificando sus distintas etapas. Asimismo, se examina el curso de la crisis actual: el inicio de la recesión mundial al final de 2007, su desarrollo como una crisis general capitalista, su transmutación al final de 2008 en una depresión de escala mundial y su atenuación desde la segunda mitad de 2009. También se argumenta sobre los límites de la hegemonía financiera y especulativa a partir de los principales efectos de su desarrollo sobre la marcha de la economía mundial en las últimas cuatro décadas. Finalmente, se presenta una síntesis de conclusiones y una reflexión general sobre las perspectivas de la economía mundial.

Palabras clave: enfoque marxista, globalización, neoliberalismo, mercados financieros,
mercados financieros internacionales, crédito, capital ficticio, crisis, ondas largas.

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“Eurozone. A Crisis of Financialised Capitalism”: Costas Lapavitsas

13/05/2013 Deja un comentario

Keynote Lecture by Professor Costas Lapavitsas.

Dictatorship of Failure: Interdisciplinary Perspectives on the European Political and Economic Crisis. Symposium organised at the Helsinki Collegium for Advanced Studies, 15 November 2012.

Helsinki Collegium for Advanced Studies

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“El tipo de ciudad en que queremos vivir está ligado al tipo de personas que queremos ser”: David Harvey

20/03/2013 1 comentario

bcn vgEn el prefacio de Rebel Cities (Ciudades rebeldes), empiezas describiendo tu experiencia en París durante los ’70: “Edificios gigantes, carreteras, viviendas públicas desalmadas y mercantilización monopolizada sobre las calles amenazando con absorber el viejo París… París desde los ’60 en adelante estaba simplemente en medio de una crisis existencial. El viejo no podía durar. Además, fue también en 1967 cuando Henry Lefebvre escribió su ensayo fundamental “Sobre el derecho a la ciudad”. ¿Puedes hablar sobre este período de los ’60 y ’70? ¿Cómo te interesaste por el paisaje urbano? ¿Y cuál fue el ímpetu para escribir Rebel Cities?
En todo el mundo se mira a los ’60, históricamente, como un período de crisis urbana. En los Estados Unidos, por ejemplo, fue un momento en el que muchas ciudades centrales se incendiaron. Hubo revueltas y casi revoluciones en ciudades como Los Angeles, Detroit y por supuesto después del asesinato del doctor Martin Luther King en 1968, alrededor de 120 ciudades estadounidenses vivieron una inquietud social y acción rebelde más o menos masivas. Menciono esto sobre Estados Unidos, porque lo que estaba en efecto ocurriendo era que la ciudad se estaba modernizando. Se estaba modernizando en base al automóvil; se estaba modernizando en base a las áreas residenciales. La Vieja Ciudad, o lo que había sido el centro político, económico y cultural de la ciudad durante los ’40 y ’50, estaba quedándose atrás. Recuerda, estas tendencias estaban teniendo lugar en todo el mundo capitalista avanzado. Así que no era sólo en Estados Unidos. Había serios problemas en Gran Bretaña y Francia, donde un modo de vida más antiguo estaba siendo desmantelado –un modo de vida sobre el que creo que nadie debería ser nostálgico-, pero este antiguo modo de vida estaba siendo desplazado y sustituido por un nuevo modo de vida basado en la comercialización, la propiedad, la especulación con la propiedad, la construcción de carreteras, el automóvil, la suburbanización, y con todos estos cambios vimos un aumento de la desigualdad y la inquietud social.

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“Crisis theory and the great recession”: Riccardo Bellofiore

15/03/2013 Deja un comentario

Riccardo Bellofiore – Crisis theory and the great recession: a personal journey from Marx to Minsky
*****

DPU: http://dpu.mirovni-institut.si/index.php
FB stran: https://www.facebook.com/pages/Delavs…

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“The Contradictions of Capital”: David Harvey

27/02/2013 Deja un comentario

University of Warwick
Distinguished Lecture Series
14 February 2013

David Harvey is the Distinguished Professor of Anthropology at the Graduate Center of the City University of New York. He is a leading political economist and social theorist of international standing. He is a highly cited academic and the author of many books and essays. Professor Harvey received his BA, MA and PhD from Cambridge University and was formerly Professor of Geography at John Hopkins University, Halford Mackinder Professor of Geography at the University of Oxford and Senior Research Fellow at St Peter’s College Oxford.

His numerous awards include Outstanding Contributor Award of the Association of American Geographers, the Centenary Medal from the Royal Scottish Geographical Society and the Patron’s Medal of the Royal Geographical Society for contributions to critical human

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“The Current Financial Crisis and the Future of Global Capitalism”: Michael Heinrich

20/02/2013 Deja un comentario

Prophecies of Downfall

The fact that Marx finally began with the composition of his long-planned economic work in the winter of 1857/1858 was directly occasioned by the economic crisis that broke out in the autumn of 1857 and the concomitant expectations of a deep trauma from which capitalism would no longer recover.  “I am working like mad all night and every night collating my economic studies so that I at least get the outlines clear before the deluge,” wrote Marx to Engels in a letter from December of 1857 (MECW 40, p.217).  The crisis of 1857/1858 was in fact the first true global economic crisis of modern capitalism, which involved all major capitalist countries of that time (England, the USA, France, and Germany).  In the Grundrisse that emerged during this period, one can find the sole unambiguous passage of Marx’s work that can be understood as a theory of capitalist collapse (MECW 29, p.90 et sqq.).  This collapse, Marx was convinced, would unleash revolutionary movements.  In a letter to Ferdinand Lassalle from February of 1858, he even expressed his fear that in light of the expected “turbulent movements” his work would be finished “too late” and thus “find the world no longer attentive to such subjects” (MECW 29, p. 271).  Marx was right about the fact that he wouldn’t finish his work (the first volume of Capital was published nine years later), but this first global crisis of capitalism led neither to a collapse of capitalism nor to any sort of revolutionary movement.  The crisis had already been overcome in the early summer of 1858, and the capitalist system even came out of it enormously strengthened.  Marx learned a lesson: in capitalism, crises function as brutal acts of purification.  The destruction wreaked by crises removes previous impediments to accumulation and frees up new possibilities for capitalist development.

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“Statistical Evidence of Falling Profits as Cause of Recession”: J. A. Tapia Granados

28/01/2013 Deja un comentario

Tapia Granados, José A. “ Statistical Evidence of Falling Profits as Cause of Recession A Short Note”, Review of Radical Political Economics December 2012 vol. 44 no. 4 484-493.

Data on 251 quarters of the U.S. economy show that recessions are preceded by declines in profits. Profits stop growing and start falling four or five quarters before a recession. They strongly recover immediately after the recession. Since investment is to a large extent determined by profitability and investment is a major component of demand, the fall in profits leading to a fall in investment, in turn leading to a fall in demand, seems to be a basic mechanism in the causation of recessions.

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“Timadores y profetas: Hechos, ficciones y fetichismos”: David Harvey

24/01/2013 Deja un comentario

This is an introduction to DAVID HARVEY´s talk in Buenos Aires, on 27th december 2012

SWINDLERS AND PROPHETS: FACTS, FICTIONS AND FETISHISMS

BIOECON MEDIA is a platform dedicated to exploring different forms of social organization and supporting cultural innovation.

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“Credit Crunch: origins and orientation”: Paul Cockshott and Dave Zachariah

11/01/2013 2 comentarios

1. Introduction

The cyclical pattern of capitalism is periodically punctuated by severe crises that lead to restructuring of the political-economic system. In this article we argue that the underlying factor of the current crisis is a real economic imbalance caused by an unprecedented growth of the nancial sector. Moreover, we argue that a return to an expansive era of capital accumulation will become impossible in the advanced countries.

Each structural crisis opens opportunities for signicantly advancing the position of the working-class. But it requires a socialist movement with the organisational and programmatic capacity to articulate and implement progressive policies. This is not the state of the movement at present. We believe that without a political economy of the working-class it is impossible to formulate a coherent political program of the working-class.

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“Finance, crisis and the left alternatives”: Alfredo Saad-Filho

07/01/2013 Deja un comentario

Alfredo Saad-Filho, Dept. Head of Development studies at the University of London, England, says that we have a situation of malfunction, but there is not the political will to replace capitalism. In his recent talk in Vancouver, He says that he wants to see people claim the right to a different future. He says it is inconceivable that people will accept all the inequalities, the difficulties, the crisis and the waste that we have today. He also says that there is more than enough to satisfy everyone needs globally: Today there is no need or reason why people starve in different parts of the world (October-2010)

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“The Dynamics of the Crisis”: Guglielmo Carchedi

07/01/2013 Deja un comentario

“Economic Theory and the Current Crisis”: Anwar Shaikh

29/11/2012 2 comentarios

Anwar Shaikh at the Central Bank of Argentina Conference on Money and Banking, October 1, 2012 – (3 parts)

Part 1

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