Accelerating Academia: On Hyperstition in Theory

Armen Avanessian, Andreas Töpfer, "Speculative Drawing: 2011–2014" (Sternberg Press).

Armen Avanessian, Andreas Töpfer, “Speculative Drawing: 2011–2014” (Sternberg Press).

 

Recall that hype is the ratio of expected earnings to earnings (EE/E), whereas the above impressions are based on the ratio of capitalization to earnings (K/E). The latter number reflects both hype and the discount rate (K/E = H/r), so unless we know what capitalists expect, we remain unable to say anything specific about hype. But we can speculate…

Shimshon Bichler and Jonathan Nitzan, Capital as Power: A Study of Order and Creorder (2009)


(more…)