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- W4213302372 abstract "For more than a century, political economists have sought to understand the nature of capital. The prevailing wisdom is that there must be something ‘real’ — some productive capacity — that underpins capitalized values. This thinking, I argue, is a mistake. Building on Jonathan Nitzan and Shimshon Bichler’s theory of capital as power, I argue that capitalization is an ideology. It is a quantitative ritual for converting earnings into present value. Although the ritual is arbitrary, it gives rise to astonishing empirical regularities, reviewed here." @default.
- W4213302372 created "2022-02-24" @default.
- W4213302372 creator A5025921795 @default.
- W4213302372 date "2021-08-14" @default.
- W4213302372 modified "2023-09-29" @default.
- W4213302372 title "The Ritual of Capitalization" @default.
- W4213302372 doi "https://doi.org/10.31235/osf.io/cf5xv" @default.
- W4213302372 hasPublicationYear "2021" @default.
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