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The Demise of Capitalism?: Lessons from an Entropic Perspective on the Current Crises - Review of Robert Biel (2012) 'The Entropy of Capitalism'

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The Demise of Capitalism? : Lessons from an Entropic Perspective on the Current Crises - Review of Robert Biel (2012) 'The Entropy of Capitalism'. / Tyfield, David.

In: Journal of Critical Realism, Vol. 12, No. 1, 01.2013, p. 112-128.

Research output: Contribution to journalJournal article

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Tyfield, David / The Demise of Capitalism? : Lessons from an Entropic Perspective on the Current Crises - Review of Robert Biel (2012) 'The Entropy of Capitalism'.

In: Journal of Critical Realism, Vol. 12, No. 1, 01.2013, p. 112-128.

Research output: Contribution to journalJournal article

Bibtex

@article{a1e4662b136b494e8ae019b229c012c9,
title = "The Demise of Capitalism?: Lessons from an Entropic Perspective on the Current Crises - Review of Robert Biel (2012) 'The Entropy of Capitalism'",
keywords = "Capitalism, Crisis, Entropy, Neoliberalism, Neosocialism, Systems",
author = "David Tyfield",
year = "2013",
month = "1",
volume = "12",
pages = "112--128",
journal = "Journal of Critical Realism",
issn = "1476-7430",
publisher = "Maney Publishing",
number = "1",

}

RIS

TY - JOUR

T1 - The Demise of Capitalism?

T2 - Journal of Critical Realism

AU - Tyfield,David

PY - 2013/1

Y1 - 2013/1

N2 - How are we to understand the multiple overlapping crises of the present? In a superbly enlightening synthesis of Marxian (critique of) political economy and systems theory, Robert Biel presents a compelling case for the importance of an entropic perspective, regarding both thermodynamic and informational flows that constitute and transform social systems. This perspective offers an insightful analysis of neoliberalism as an attempt to harness the entropic benefits of spontaneous and complex emergence for the purposes of capitalist accumulation. The current crises may thus be understood as the overflowing of the resulting<br/>complexity and the pathological response of neoliberal powers, further<br/>accelerating this process. But is capitalism itself thus exhausted? An alternative<br/>scenario of rejuvenated capitalism is outlined, together with the implications of Biel’s analysis for critical realism, critical social theory and a politics of the Left.

AB - How are we to understand the multiple overlapping crises of the present? In a superbly enlightening synthesis of Marxian (critique of) political economy and systems theory, Robert Biel presents a compelling case for the importance of an entropic perspective, regarding both thermodynamic and informational flows that constitute and transform social systems. This perspective offers an insightful analysis of neoliberalism as an attempt to harness the entropic benefits of spontaneous and complex emergence for the purposes of capitalist accumulation. The current crises may thus be understood as the overflowing of the resulting<br/>complexity and the pathological response of neoliberal powers, further<br/>accelerating this process. But is capitalism itself thus exhausted? An alternative<br/>scenario of rejuvenated capitalism is outlined, together with the implications of Biel’s analysis for critical realism, critical social theory and a politics of the Left.

KW - Capitalism

KW - Crisis

KW - Entropy

KW - Neoliberalism

KW - Neosocialism

KW - Systems

M3 - Journal article

VL - 12

SP - 112

EP - 128

JO - Journal of Critical Realism

JF - Journal of Critical Realism

SN - 1476-7430

IS - 1

ER -