Jonathan Nitzan
Jonathan Nitzan | |
---|---|
Nationality | Israeli-Canadian |
Academic career | |
Field | Political economy |
School or tradition | Institutional economics |
Influences | Thorstein Veblen, Karl Marx, Michał Kalecki, Cornelius Castoriadis, Lewis Mumford |
Contributions | Power theory of value, differential accumulation |
Information at IDEAS / RePEc | |
Jonathan Nitzan is Professor of Political Economy at York University, Toronto, Canada.
Work
Nitzan is the co-author (with Shimshon Bichler) of Capital as Power: A Study of Order and Creorder, published 2009. Their writings focus of the nature of capital in capitalism and provide an alternative view to that of Marxian and neoclassical economics. In their theory, capital is the quantification of power. According to their power theory of value, in capitalism, power is the governing principle as rooted in the centrality of private ownership. Private ownership is wholly and only an act of institutionalized exclusion, and institutionalized exclusion is a matter of organized power.[1][2] Central to this theory is the concept of differential accumulation where firms strive to profit more by beating the average profit level.
Nitzan and Bichler share an intellectual legacy with institutional political economists such as Thorstein Veblen. In particular, they share Veblen's explanation that business exists with the end of pecuniary (monetary) gain and not the accumulation of goods of consumption or of physical machines.
Major works
- Nitzan, Jonathan and Shimshon Bichler – Global Political Economy of Israel – 2002
- Nitzan, Jonathan and Shimshon Bichler – Capital as Power: A Study of Order and Creorder – 2009
References
External links
- The Bichler and Nitzan Archives
- Video: Jonathan Nitzan speaks on the political economy of the Iraq invasion, Harvard Law School, March 18, 2008
- v
- t
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- Werner Abelshauser
- Clarence Edwin Ayres
- Joe S. Bain
- Shimshon Bichler
- Robert A. Brady
- Daniel Bromley
- Ha-Joon Chang
- John Maurice Clark
- John R. Commons
- Richard T. Ely
- Robert H. Frank
- John Kenneth Galbraith
- Walton Hale Hamilton
- Orris C. Herfindahl
- Albert O. Hirschman
- Geoffrey Hodgson
- János Kornai
- Simon Kuznets
- Hunter Lewis
- Jesse W. Markham
- Wesley Clair Mitchell
- Gunnar Myrdal
- Jonathan Nitzan
- Warren Samuels
- François Simiand
- Herbert A. Simon
- Frank Stilwell
- George W. Stocking Sr.
- Lars Pålsson Syll
- Thorstein Veblen
- Edward Lawrence Wheelwright
- Erich Zimmermann
- George Ainslie
- Dan Ariely
- Nava Ashraf
- Ofer Azar
- Douglas Bernheim
- Samuel Bowles
- Sarah Brosnan
- Colin Camerer
- David Cesarini
- Kay-Yut Chen
- Rachel Croson
- Werner De Bondt
- Paul Dolan
- Stephen Duneier
- Catherine C. Eckel
- Armin Falk
- Urs Fischbacher
- Herbert Gintis
- Uri Gneezy
- David Halpern
- Charles A. Holt
- David Ryan Just
- Daniel Kahneman
- Ariel Kalil
- George Katona
- Jeffrey R. Kling
- George Loewenstein
- Graham Loomes
- Brigitte C. Madrian
- Gary McClelland
- Matteo Motterlini
- Sendhil Mullainathan
- Michael Norton
- Matthew Rabin
- Howard Rachlin
- Klaus M. Schmidt
- Eldar Shafir
- Hersh Shefrin
- Robert J. Shiller
- Uwe Sunde
- Richard Thaler
- Amos Tversky
- Robert W. Vishny
- Georg Weizsäcker
- Accelerator effect
- Administered prices
- Barriers to entry
- Bounded rationality
- Conspicuous consumption
- Conspicuous leisure
- Conventional wisdom
- Countervailing power
- Effective competition
- Herfindahl index
- Hiding hand principle
- Hirschman cycle
- Instrumentalism
- Kuznets cycles
- Market concentration
- Market power
- Market structure
- Penalty of taking the lead
- Satisficing
- Shortage economy
- Structure–conduct–performance paradigm
- Technostructure
- Theory of two-level planning
- Veblen goods
- Veblenian dichotomy