Viewing posts tagged economics

Summing Up, Part 1

As we know, the Austrian School is - but is not limited to - a heterodox branch of bourgeois economics.  It is, however, founded upon a more-or-less explicitly political project.  And this project continues to animate its zombie, and its zombified victims, infected by its bite.  But then the Austrians’ iteration of the new (in the 1870s) bourgeois economic doctrine of marginalism was always a political project, even in its dry theoretical basis. 

Marginalism itself arose as a way to escape the increasing obviousness of the fact that capital exploits labour.  This was a necessary project as capital spread across the globe.  It took the conscious form of an attempt to address genuine weaknesses in the classical labour theory of value.  These weaknesses were interpreted as evidence that the theory needed to be discarded precisely because the class position/alignment of the theoreticians addressing the issue pushed them towards a view of value which did not derive from labour.  It became an even more necessary project after the Paris Commune scared the shit out of the bourgeoisie. 

The Austrian School, in the person of Menger, helped create marginalism.  But it continued to ...

Insider Trading

Remember Lance Parkin's Big Finish audio 'Davros'?  It's quite good, isn't it... if far too long.  But he does some interesting stuff with Davros' backstory, subverting your expectations a bit.  (It's got really good music too.)

Interesting stuff in it.  The Doctor is depicted as wanting to stop the fall of the corporations.  And, actually, I can see his point. At the moment, anyway.  And as long as we're talking about a sudden, instant fall.   

Simply remove capitalism at the touch of a button today and human civilisation as it stands would fall, and the human race might die out... for much the same reason that the animals in a battery farm would all die if you murdered all the farm workers and the crime went undiscovered for weeks. As bad as it is, it is currently how things work. The system doesn't function efficiently, or for human benefit, but it does basically function, and it relies upon keeping a sufficient number of people alive, and a sufficient level of social wellbeing going, simply because it lives off its human livestock. So it keeps the ...

Private Ownership of the Means of Inhumation

or 

Sex, Death and Rock 'n' Roll - Part 2

(Part 1 can be found here.)


Some disjointed observations about 'Revelation of the Daleks'; fragments of a larger and uncompleted essay that's been in the draft drawer for ages... just so that I can say I've served up more this month than an off-the-cuff whinge about how much I hated P.E. lessons.


Hang the D.J.

He skulks in his private studio. He almost prefigures RTD’s quasi-fan characters. He’s a geek, a dweeby enthusiast. He sits alone, watches TV, greets a visitor very shyly and comes alive when given a chance to enthuse about his pet obsession: the old style D.J.s and music of America. When he learns that Peri is really American, he reacts like… well, like a Who fan meeting Nicola Bryant. You get the feeling that he might ask for her autograph. He’s almost a parody of the nerdacious loner. He has little or no direct contact with any of the other characters. Apart from Peri, he’s only ever seen with Jobel – and they don’t speak to each other. One gets the sense of someone asocial and ...

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