The point: people have often trouble to understand phrases like ‘capital as a social, historical relation’ – which is a pity as it is a powerful analytical concept. Using the balance sheet concept of capital and understanding that the nature of capital did and does change is enlightening – a lot of recent political endeavours are all about the nature and ownership of capital. Just ask yourself: who owns the stuff, who calls the shots.…Rectification of names.
Real-World Economics Review Blog
The definition of capital as a social, historical relation – and TTIP
Merijn Knibbe
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