 New imperialism or new capitalism?Jonathan Nitzan and Shimshon Bichler MPRA Paper from University Library of Munich, Germany Abstract: Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad brush, we outline a new, power theory of capital and accumulation. We use this theory to assess the changing meaning of the corporation and the capitalist state, the new ways in which capital gets accumulated and the specific historical trajectory of twentieth-century capitalism up to the present. Keywords: arms; accumulation; capital flow; capitalism; conflict; corporation; crisis; distribution; elite; energy; finance; globalization; growth; imperialism; GPE; liberalism; Marxism; Middle East; military; national interest; neoclassical economics; neoliberalism; nomos; oil; OPEC; ownership; peace; power; profit; ruling class; security; stagflation; state; stock market; TNC; United States; US; utility; value; violence; war (search for similar items in EconPapers) Published in Review 1.XXIX(2006): pp. 1-86 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:5578 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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