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

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  • 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.

Suggested Citation

  • François MORIN (LEREPS-GRES), 2006. "The Capitalism of financial market and the control of cognitive (In French)," Cahiers du GRES (2002-2009) 2006-05, Groupement de Recherches Economiques et Sociales.
    • Handle: RePEc:grs:wpegrs:2006-05
    as

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    File URL: http://cahiersdugres.u-bordeaux4.fr/2006/2006-05.pdf
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    References listed on IDEAS

    as
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    5. Ancori, Bernard & Bureth, Antoine & Cohendet, Patrick, 2000. "The Economics of Knowledge: The Debate about Codification and and Tacit Knowledge," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 9(2), pages 255-287, June.
    6. Nonaka, Ikujiro & Toyama, Ryoko & Nagata, Akiya, 2000. "A Firm as a Knowledge-Creating Entity: A New Perspective on the Theory of the Firm," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 9(1), pages 1-20, March.
    7. Esther Jeffers & Dominique Plihon, 2001. "Investisseurs institutionnels et gouvernance des entreprises," Revue d'Économie Financière, Programme National Persée, vol. 63(3), pages 137-152.
    8. Patrick Cohendet & Patrick Llerena, 1999. "La conception de la firme comme processeur de connaissances," Revue d'Économie Industrielle, Programme National Persée, vol. 88(1), pages 211-235.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Cognitive capitalism; Capitalism of financial market; Firm; Production of knowledge; Financialisation;
    All these keywords.

    JEL classification:

    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • F30 - International Economics - - International Finance - - - General
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • L0 - Industrial Organization - - General
    • P1 - Political Economy and Comparative Economic Systems - - Capitalist Economies

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    1. Capitalismo cognitivo in Wikipedia Italian

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