Capital as Power

Capital as Power: A Study of Order and Creorder is a 2009 book on economics by Jonathan Nitzan and Shimshon Bichler. The authors introduce what they describe as a "non-Marxist" account of capitalist society. Larudee wrote:

The problem, these authors say, is that both Marxians and neoclassicals view capital as a purely economic concept, in that its value of capital is determined in production, yet they do not and cannot have any valid way of independently measuring the value of capital.

In an interview with Piotr Dutkiewicz, Bichler stated "[...] we argue that capitalism is best viewed not as a mode of production or consumption but as a mode of power." The summary of "capital as power" (CasP) as an economic outlook given in the Handbook of Alternative Theories of Political Economy is "capital as social power as represented in the monetary capitalisation of income-generating assets."