nep-hpe 2006-02-05 papers

on History and Philosophy of Economics

Issue of 2006‒02‒05
one paper chosen by
Andy Denis
City University

The Capitalism of financial market and the control of cognitive (In French) By François MORIN (LEREPS-GRES)

The Capitalism of financial market and the control of cognitive (In French)

By:	François MORIN (LEREPS-GRES)
Abstract:	The aim of this paper is to question the cognitive capitalism hypothesis: are the major transformations of the wage labour nexus and regime of accumulation, created a new capitalism era? A positive answer to this question then relegates to a second rank the thesis of financial capitalism. For this last thesis, the financialisation of accumulation deeply transforms the firms. This paper develops this second point of view. Our conclusion is disappointing for the cognitive capitalism hypothesis. If the production of knowledge is important for the accumulation, nevertheless this production of knowledge is subordinated to the view of global finance. Indeed, it’s this global finance who decides which are new profitable activities.
Keywords:	Cognitive capitalism, Capitalism of financial market, Firm, Production of knowledge, Financialisation
JEL:	B5 D21 F30 G15 G23 G30 L0 P1
Date:	2006
URL:	http://d.repec.org/n?u=RePEc:grs:wpegrs:2006-05&r=hpe

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