EconoFiction

Value, Fictitious Capital and Finance. The Timeless of Karl Marx’s Capital

2 Apr , 2020  

Karl Marx is not a proponent of classical value theory as labour expended. Marx developed in Capital and his other mature economic writings a monetary theory of value and capital.2 He analysed value as an expression of relations exclusively characteristic of the capitalist mode of production. Value registers the rela-tionship ...

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EconoFiction

Corona-Notstand Blaupause für die Bewältigung der Klimakrise?

1 Apr , 2020  

In der Umweltbewegung wird eine Art Öko-Leninismus als Taktik empfohlen, der kritisch diskutiert werden sollte

Gleich zwei verunglückte Methapern fallen dem Leser der Kolumne des Neuen Deutschland, verfasst von den Politikwissenschaftlern Ulrich Brand und Heinz Högelsberger, auf. Die Überschrift “Die Krise als Aufbruch” wird ja ständig und immer verwendet.

Für ...

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EconoFiction

Sind wir jetzt alle Covid-Kommunisten? Oder: Kritische Anmerkungen zum aufziehenden Covid-Korporatismus.

1 Apr , 2020  

Vote Tory, Get Labour ist die Schlußfolgerung, die man aus den jüngsten Notfallmaßnahmen der Johnson-Regierung als Reaktion auf die Corona-Pandemie ziehen könnte. Hinzu kommt die Ankündigung des Schatzkanzlers Rishi Sunak, dass der britische Staat faktisch die Lohnkosten Großbritanniens nationalisieren will.

Dies alles wurde offen von einem ungenannten Regierungsminister (war es ...

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EconoFiction

Health crisis, economic crisis and social crisis are all the same thing

30 Mrz , 2020  

Originally written by the anti-state communist Carbure Blog and published on Des Nouvelles Du Front in French on March 29th, 2020. What follows is translation of prole wave.

1/16 If this health crisis is just beginning, what is even more troubling is the crisis called ‘economic’ which does not distinguish ...

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EconoFiction

Corona-Krise: Das ist erst Phase 2

26 Mrz , 2020  

Damit kommt es zum Crash. Das Leverage-Spiel dreht sich um:

  • Unternehmen mit hohen Schulden merken plötzlich, dass der Cashflow sinkt. Das wirkt sich überproportional auf die Gewinne aus und gefährdet die Fähigkeit, Schulden zu bedienen. Das Rating wackelt. Kein Wunder, dass Unternehmen mit hohen Schulden am stärksten gefallen sind.
...

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EconoFiction, GenericScience, Lexicon, PhiloFiction

Was ist Foraminiferderalogie?

9 Mrz , 2020  

“Wenn nämlich in aller poststrukturalistischer Stringenz die Differenz von Wert/Wertabspaltung durch alle […] Unterschiede hindurch gelesen wird und mit einer extrapolativen Spekulation in der nontologischen Spektrenanalyse sich bereits erkennen lässt, dass der hegemonialen Weltäquivalenzkette fast das gesamte ökonomische, kulturelle, soziale, symbolische usw. Kapital, also folgedessen die Welt und vor allem ...

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EconoFiction

THREE THESES ON NEOLIBERAL MIGRATION AND SOCIAL REPRODUCTION

6 Mrz , 2020  

The argument of this paper is that the migrant is also a defining
figure of neoliberal social reproduction. This argument is composed of
three interlocking theses on what I am calling the “neoliberal migrant.”


Thesis 1: The first thesis argues that the migrant is foremost a socially
constitutive figure. That ...

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EconoFiction

The financial crisis in 2008 took place.

19 Feb , 2020  

When Jean Baudrillard announced that the year 2000 would not take place, one had to suspect evil. It is no exaggeration to say that the financial crisis of 2008 was the only event of world historical significance in the new millennium (as is well known, according to Baudrillard, the Iraq ...

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EconoFiction

Planning and Anarchy

12 Feb , 2020  

Planning and Anarchy

Central planning?! Computers can do it!!! Among the intuitions animating the contemporary left, we must rank rather high the felt sense that powerful new computing technologies now offer a solution to problems of calculation previously insuperable for the red-eyed central planners of “actually existing” socialist states. This ...

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EconoFiction

Remarks on Suzanne de Brunhoffs “Marx on Money”

6 Feb , 2020  

Recently, the writings of Suzanne de Brunhoff (1929-2015), largely unknown at least in the German-speaking world, have again been mentioned by some Marxist economists and philosophers. Tony Norfield refers to Brunhoff in his book “The City” in a footnote in connection with the little-discussed role of private banks as creators ...

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EconoFiction, PhiloFiction

25 Theses at time (of capital)

23 Jan , 2020  

1) Economic quantities can be changed in time precisely because money, as a so-called transcendental signifier of capital, has the quality of a pure quantity, whereby money is released from current acts of exchange and thus, as a monetary sign, accounts for the time accumulated in the commodity, which in ...

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EconoFiction

Bichler/Nitzans “Capital of Power”

22 Jan , 2020  

At first glance, it seems that Deleuze’s concept of structure involves a complex form of the so-called creorder, a term that appears at the forefront of the methodological findings of the economists Bichler/Nitzan. (Cf. Bichler/Nitzan 2009) If the structure is updated in each of its moments in processes, then Bichler/Nitzan ...

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EconoFiction

The law of the tendentious fall of the general rate of profit in capital Bd.3

20 Jan , 2020  

In the opinion of Georgios Stamatis, Marx, in presenting the law of the tendentious case of the general rate of profit, equates value and price, among other things, in order to disregard the effect of the so-called Wicksell effects (including the observation of the relationship between the rate of profit ...

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EconoFiction

The concept of capital at Deleuze/Guattari or the anarchy of machines

19 Jan , 2020  

The flow of subjective labor and the flow of objective capital. At the point in time, more precisely, in the passage of time (which has extended over longer historical periods), in which per se contingent encounters (those of the flows of money capital and labour) have “taken hold” (Althusser), as ...

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EconoFiction

Marx and the ecstatic labor force

14 Jan , 2020  

Quite in contrast to mechanics, which defines the concept of force as the result of mutually canceling forces in their relationship to each other, Marx also seems to have always been intent, in his critique of political economy, on breaking the beautiful appearance of the balance and stability of the ...

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EconoFiction

Elie Ayaches and Suhail Malik’s heterodox concepts of finance: the frenzy of contingency

13 Jan , 2020  

The heterodox positions of Elie Ayache and Suhail Malik on contemporary finance are often perceived in the haze of accelerationism, although not widely discussed. Let us first turn to the prosition of Suhail Malik. For us, the contingent price movements of the underlying assets/underlyings and the likewise contingent derivative pricing ...

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EconoFiction

Global Governance

11 Jan , 2020  

It is easy to see today that in the course of implementing neo-liberal strategies, the state is being increasingly restricted in its function as the guarantor of social peace and compromise between the classes, while the various modes of operation of the social police are being intensified step by step. ...

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EconoFiction

The Climate-Migration- Industrial Complex

11 Jan , 2020  

Thirty years ago there were fifteen border walls around the world. Now there are seventy walls and over one billion national and international migrants. International migrants alone may even double in the next forty years due to global warming. It is not surprising that over the past two decades, we ...

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EconoFiction

Globale Governance

8 Jan , 2020  

Es ist heute leicht einzusehen, dass im Zuge der Implementierung neoliberaler Strategien der Staat in seiner Funktion als Gewährleistungsorgan des sozialen Friedens und des Kompromisses zwischen den Klassen immer weiter eingeschränkt wird, während die verschiedenen Funktionsweisen der sozialen Polizei Schritt für Schritt intensiviert werden. Es ist zu berücksichtigen, dass die ...

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EconoFiction

Marx` Theory of Value (4)

21 Dez , 2019  

Equivalence and Abstraction

The value forms presented so far contain an asymmetric or polar relation, whereby the property of symmetry and consequently the equivalence relation, which always includes referentiality, can already be established in the simple value form by means of the operation of reversing the respective “equation”. Here the ...

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EconoFiction

Marx`Theory of value (3)

18 Dez , 2019  

  1. general value form

In order to obtain the general value form from the unfolded value form, only the simple operation of reversal is required, which implies that we are dealing virtually with a simultaneous second and third value form. Now commodity A no longer expresses its value (as in the ...

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EconoFiction

Marx`Theory of Value (2)

17 Dez , 2019  

  1. simple and unfolded value form

On the one hand, we take a look at the so-called capital-logical reading (which has been widely discussed since the 1968 student movement, especially in Germany, based on Hans-Georg Backhaus as an analysis of value forms, cf. Backhaus 1997/ Elbe 2008) and on the other ...

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EconoFiction

Marx’s Theory of Value (1)

16 Dez , 2019  

  1. The problem of the value form

Within the framework of value form analysis, Marx is not concerned with analyzing the exchange relationships of goods, whether as historical or logical, or as historical-logical forms of exchange, since capitalist exchange relationships with their quantified units and relations are already assumed in the ...

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