[...] Thus the more the official transmission of capital is prevented or hindered, the more the effects of the clandestine circulation of capital in the form of cultural capital become determinant in the reproduction of the social structure. [...]
So it has to be posited simultaneously that economic capital is at the root of all the other types of capital and that these transformed, disguised forms of economic capital, never entirely reducible to that definition, produce their most specific effects only to the extent that they conceal (not l…
In Donald MacKenzie's study on the financial turn of economics, he highlights
the role of the self-fulfilling prophecy (positive feedback) of mathematical models
upon reality, through the example of the Black-Scholes-Merton model. At first
the correspondence between the model and actual prices w…
[...] But this is already to presuppose that there is a natural, which is to say, transcendently ordained, equilibrium. Yet we are never told precisely what the equilibrium is supposed to be. What I want to suggest is that it is precisely this assumption of equilibrium that is theological: it is th…
[...] what characterizes a capitalist economy is that this surplus of time and energy is not simply released, but must be constantly reabsorbed in the cycle of production of exchange value leading to increasing accumulation of wealth by the few (the collective capitalist) at the expense of the many…
