Seven Lectures on Capital (TAU, Mini Course 1011.4670, Graduate)

Seven Lectures on Capital (TAU, Mini Course 1011.4670, Graduate)
Nitzan, Jonathan. (2004). Eitan Berglas School of Economics. Tel Aviv University. October. (Course; English).

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Abstract or Brief Description

What is capital? Is capital the same as machines, or is it merely a financial asset? Is it ‘material’ or ‘social’? Is it static or dynamic? Surprisingly, these questions have no clear answers. The form of capital, its existence as monetary wealth, is hardly in doubt. The problem is with the content, the ‘stuff’ which makes capital grow, and on this aspect of capital there is no agreement whatsoever. For example, does capital accumulate because it is ‘productive,’ or due to the ‘exploitation’ of workers? Does capital expand ‘on its own,’ or does it need ‘external’ institutions such as the state? Can capital grow by undermining production and efficiency? What exactly is being accumulated? Does the value of capital represent a tangible ‘thing,’ ‘utils,’ ‘dead labour’ or perhaps something totally different? What units should we use to measure its accumulation?

The course offers a critical examination of the concept of capital, the process of capital accumulation, and the broader implications of capital accumulation for understanding how capitalism works. The first lecture provides an overview of political economy. The next two lectures outline the two existing approaches to capital: the utility-based neoclassical view and the labour-based Marxist perspective. The last four lectures present an alternative power-based approach to capital.

Language

English

Publication Type

Course

Keywords

accounts business capital accumulation centralization class competition concentration corporation crisis demand dual economics employment equilibrium finance firm globalization growth imperialism industry inflation institutionalism Keynesianism market Marxism military money monopoly national neoclassical oligopoly ownership policy power price productivity profit stagflation state supply transnational unemployment utility welfare war

Subject

BN Science & Technology
BN Agency
BN Business Enterprise
BN Capital & Accumulation
BN Civil Society
BN Civilization & Social Systems
BN Class
BN State & Government
BN Comparative
BN Theory
BN Conflict & Violence
BN Trade
BN Cooperation & Collective Action
BN Value & Price
BN Crisis
BN War & Peace
BN Data & Statistics
BN Distribution
BN Ecology & Environment
BN Growth
BN Hegemony
BN History
BN Ideology
BN Industrial Organization
BN Institutions
BN International & Global
BN Labour
BN Law
BN Macro
BN Micro
BN Methodology
BN Money & Finance
BN Power
BN Policy
BN Political Parties
BN Production
BN Resistance
BN Revolution

Depositing User

Jonathan Nitzan

Date Deposited

03 Nov 2004

Last Modified

01 Apr 2016 00:41

URL:

https://bnarchives.net/id/eprint/59

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