This paper contrasts the economic incentives implicit in the Keynes-Minsky approach to inherent financial market … instability with the incentives behind the traditional equilibrium approach leading to market stability to provide a framework for … instability created by the expansion, through securitization, of the mortgage market as an example of these changes. …

Israel. Our principal focus is on a revised notion of capital, emphasizing the central role of differential accumulation by … dominant capital groups. We further distinguish between an antagonistic “depth” regime in which differential accumulation is … by global developments. Until the 1980s, accumulation in both countries depended largely on depth, characterized by a …

part of a world-wide shift from the 'depth' to 'breadth' of accumulation and the parallel globalization of ownership. In …

power requires accumulation to be measured in differential, not absolute, terms. For absentee owners, the main goal is not … mega-machine rather than a material artefact. Indeed, it is the social essence of capital which makes accumulation possible … accumulation” (DA), we examine the non-linear and possibly negative link between industrial growth and accumulation in the USA. …

need to break the artificial separation between “economics” and “politics”, and think of accumulation itself as … picture that never makes it to the news. Diverse processes – such as global accumulation cycles, regional conflicts and energy …

-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital … politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory …

opinion, the sharp “U-turn” in Israeli history is intimately linked to the changing nature of capital accumulation and … we view as principal actors in this process, accumulation and concentration are two sides of the same process. With the … average.” Specifically, they seek to achieve a “differential rate of accumulation” – that is, to exceed the average rate of …

, inflationary restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as …

buys goods and goods buy money, but goods do not buy goods. (2) Money is always debt; it cannot be a commodity from the … first proposition because, if it were, that would mean that a particular good is buying goods.(3) Default on debt is … literature on money. The approach taken here is integrated with Hyman Minsky's (1986) work (which relies heavily on the work of …