[lbo-talk] Troy Cochrane: Review of Nitzan and Bichler's "Capital as Power"

[Jonathan Nitzan]

Review of Nitzan and Bichler's "Captial as Power: A Study of Order and 
Creorder"
By Troy Cochrane, Theory in Action, Vol. 3, No. 2, April, /**/pp. 110-116.

FROM THE REVIEW: "The authors of Capital As Power wish, as they said in 
their own words at a recent Rethinking Marxism conference, to perform a 
'ctrl-alt-del' on current political economy. The basis for this extreme 
assertion is the sorry state of value theory and the concepts that 
depend upon that theory, including capital. In place of the two standard 
theories of value (the neoclassical 'utility theory of value' and the 
Marxist 'labor theory of value'), both of which have serious analytical 
and ontological problems, Nitzan and Bichler offer a theory that capital 
is nothing but quantified power."

Full Text: http://bnarchives.yorku.ca/284/

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-- 
Jonathan Nitzan
Political Science | Social and Political Thought
York University
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