Shimshon Bichler is an educator who teaches
political economy
Political economy is the study of how Macroeconomics, economic systems (e.g. Marketplace, markets and Economy, national economies) and Politics, political systems (e.g. law, Institution, institutions, government) are linked. Widely studied ph ...
at colleges and universities in
Israel
Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...
. Along with
Jonathan Nitzan
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 ...
, Bichler has created a power theory of
capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. Central characteristics of capitalism include capital accumulation, competitive markets, pric ...
and theory of
differential accumulation Differential accumulation is an approach for analysing capitalist development and crisis, tying together mergers and acquisitions, stagflation and globalization as integral facets of accumulation. The concept has been developed by Jonathan Nitzan an ...
in their analysis of the political economy of wars, Israel, and globalization.
Work
Nitzan and Bichler share an intellectual legacy with
institutional political economists such as
Thorstein Veblen
Thorstein Bunde Veblen (July 30, 1857 – August 3, 1929) was a Norwegian-American economist and sociologist who, during his lifetime, emerged as a well-known critic of capitalism.
In his best-known book, ''The Theory of the Leisure Class'' ...
. 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.
According to their
power theory of value
A theory of value is any economic theory that attempts to explain the exchange value or price of goods and services. Key questions in economic theory include why goods and services are priced as they are, how the value of goods and services comes ...
(introduced in their ''Capital as Power: A Study of Order and Creorder'', published 2009), 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.
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- free resource of their articles
Institutional economists
21st-century Israeli writers
21st-century Israeli economists
Living people
Year of birth missing (living people)
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