According to the theory of capital as power, capitalism, like any other mode of power, is born through sabotage and lives in chains - and yet everywhere we look we see it grow and expand. What explains this apparent puzzle of "growth in the midst of sabotage"? The answer, we argue, begins with...

Neoclassical economics is the official scientific underpinning of capitalism as well as its main ideological defence, and according to Keen, it fails in both tasks. Contrary to received opinion, neoclassicism cannot explain capitalism - either in detail or in the aggregate - and the policies it...

Nowadays, it is commonplace to claim that the economy overuses our limited material and energy resources and that this overuse threatens both human society and the biosphere. Other than anti-science cranks, the only ones who seem to deny this claim are mainstream economists. In our view, though,...

Most people think of science and literature as distinct human endeavours. According to received convention, science is mostly about "mind", whereas literature is largely about "heart". Science, goes the argument, is by and large rational, literature primarily emotional. Science is about...

This paper clarifies a common misrepresentation of our theory of capital as power, or CasP. Many observers tend to box CasP as an "institutionalist" theory, tracing its central process of "differential accumulation" to Thorstein Veblen's notion of "differential advantage". This view, we argue,...

This paper clarifies a common misrepresentation of our theory of capital as power, or CasP. Many observers tend to box CasP as an "institutionalist" theory, tracing its central process of "differential accumulation" to Thorstein Veblen’s notion of "differential advantage". This view, we argue,...

Until a few months ago, the stock market narrative in the United States could have been summarized by the popular acronym BTFD – or "buy the fucking dip". Analysts and strategists, emboldened by the world's synchronized recovery, Trump's pro-business policies and ample liquidity, predicted...