Activity

[...] If capitalism is new in its modes of accumulation, in its centres of initiative, in its ideology, this is not because it is itself creative, innovative and revolutionary. It is because it is forced to mutate in order to survive. In vain does capitalism multiply Darwinist declarations among th…

[...] Production begins to mimic, in its material organisation, the versatility of taste. This is what Robert Boyer has called the 'variety economy', which has led to a decline in the rule of economies of scale; these are still sought after, but now they have to take into account variety economies …

[...] we can say that most of the exchange value or market value derives from the value of the brand, and thus from a factor which is immaterial or intangible. It is also clear that, in terms of crystallised labour, of average social time for capitalism, the brand is the result of hours of labour u…

The rise of both negative and positive externalities together with their growing interference in transaction cost--and therefore in the institutions charged with minimising their cost--are substantial trends. Political economy can no longer report them merely in passing, without saying more, as if …

the identification of pecuniary externalities