Jim Kincaid

Bio: Jim Kincaid is an academic researcher from University of Leeds. The author has contributed to research in topics: Capital (economics) & Prices of production. The author has an hindex of 4, co-authored 8 publications receiving 40 citations.

Production vs. Realisation: A Critique of Fine and Saad-Filho on Value Theory

Abstract: This article assess two important recent books on Marx's political economy and argues that, despite many virtues, there are some crucial limitations in their approach to Marx's political economy. Ben Fine's and Alfredo Saad-Filho's Marx's 'Capital' and The Value of Marx by Saad-Filho place too much explanatory weight on the composition of capital, giving too little attention to Marx's analysis of money, and to the processes of circulation and realisation.

Production versus Capital in Motion: A Reply to Fine and Saad-Filho

Abstract: A further critique of Fine and Saad-Filho's reading of Marxist political economy: (a) it neglects the monetary dimension of Marx's analysis; (b) it focuses too much on production, and on the organic composition of capital, treated in isolation from the overall circuit of capital. An alternative theorisation is proposed, stressing what will now be called emergence patterns in Marx's value theory (his term was laws of tendency), and giving due weight to circulation, realisation, competition and capital allocation.

Growth Accumulation Crisis: With New Macroeconomic Data for Sweden 1800-2000

Abstract: This dissertation has two main objectives. The first one is to construct historical macroeconomic series for Sweden using a consistent method throughout the relevant periods, and which rely on mode ...

From Financial Crisis to World-Slump: Accumulation, Financialisation, and the Global Slowdown

Abstract: This paper assesses the current world economic crisis in terms of crucial transformations in global capitalism throughout the neoliberal period. It argues that intense social and spatial restructuring after the crises of 1973–82 produced a new wave of capitalist expansion (centred on East Asia) that began to exhaust itself in the late-1990s. Since that time, new problems of overaccumulation and declining profitability have plagued global capitalism. Interconnected with these problems are contradictions related to a mutation in the form of world-money, as a result of its complete de-linking from gold after 1971, which stimulated a fantastic growth in financial instruments and transactions, and generated a proliferation of esoteric 'fictitious capitals' whose collapse is wreaking havoc across world financial markets. The intersection between general conditions of overaccumulation and a crisis in financial structures specific to neoliberalism has now produced a deep world-slump. Inherent in this crisis is a breakdown in forms of value-measurement that is throwing up intense struggles between the capitalist value-form and popular life-values, the latter of which comprise the grounds for any real renewal of the socialist Left.

Understanding financial crisis through accounting models

Abstract: This paper presents evidence that accounting (or flow-of-funds) macroeconomic models helped anticipate the credit crisis and economic recession. Equilibrium models ubiquitous in mainstream policy and research did not. This study traces the intellectual pedigrees of the accounting approach as an alternative to neo-classical economics, and the post-war rise and decline of flow-of-funds models in policy use. It includes contemporary case studies of both types of models, and considers why the accounting approach has remained outside mainstream economics. It provides constructive recommendations on revising methods of financial stability assessment and advocates an ‘accounting of economics’.

'Cognitive Capitalism' and the Rat-Race: How Capital Measures Immaterial Labour in British Universities

Abstract: One hundred years ago, Frederick Taylor and the pioneers of scientific management went into battle on US factory-floors. Armed with stopwatches and clipboards, they were fighting a war over measure. A century on and capitalist production has spread far beyond the factory walls and the confines of 'national economies'. Although capitalism increasingly seems to rely on 'cognitive' and 'immaterial' forms of labour and social cooperation, the war over measure continues. Armies of economists, statisticians, management-scientists, information-specialists, accountants and others are engaged in a struggle to connect heterogeneous concrete human activities on the basis of equal quantities of human labour in the abstract – that is, to link work and capitalist value. In this paper, we discuss contemporary capital's attempt to (re)impose the 'law of value' through its measuring of immaterial labour. Using the example of higher education in the UK – a 'frontline' of capitalist development – as our case-study, we explain how measuring takes places on various 'self-similar' levels of social organisation. We suggest that such processes are both diachronic and synchronic: socially-necessary labour-times of 'immaterial doings' are emerging and being driven down at the same time as heterogeneous concrete activities are being made commensurable. Alongside more overt attacks on academic freedom, it is in this way that neoliberalism appears on campus.

United States Communist History Bibliography 2016, and a Selective Bibliography of Non-U.S. Communism and Communism-Related Theory

Abstract: The principal subject of this annual bibliography is the English language scholarly literature of American Communism (supplemented by the occasional article from serious journals of opinion, obitua...