Jonathan Nitzan

Who is Jonathan Nitzan?

Jonathan Nitzan is Professor of Political Economy at York University, Toronto, Canada. He is the co-author 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 Marxist and neoclassical economics. In their theory capital is the quantification of power. Central to their 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 gain and not the accumulation of goods of consumption or of physical machines.