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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EconoFiction

Making America great again

11 Dez , 2019  

Can Trump reverse or even dent this long-term evisceration of “America”? The short answer is no. So far, his policies have only hastened this evisceration, accelerating the upward redistribution of income and amplifying the de-Americanization of U.S. corporations. During his three years in office, the share of foreign profit, instead ...

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EconoFiction

The Working Class and the Middle Classes in the Greek Economic Crisis: Allies in a Common Anti-Neoliberal Strategy?

8 Dez , 2019  

George Economakis and John Milios

ABSTRACT

On the basis of a Marxist analysis of capitalist relations of classpower and the class configuration in contemporary advanced capitalist societies, the paper investigates the consequences of the recent economic crisis and of the neoliberal capitalist strategies in Greece (austerity, market liberalization and privatizations), ...

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EconoFiction

The Time Modalities of Capital and Postone’s Misinterpretation

7 Dez , 2019  

One should by no means identify the abstract time of capital with a linear and homogeneous order of time, in which, in a continuous flow of time running ahead on the time stream, each time stage simultaneously excludes the other (past – present – future), ergo with a linear time, ...

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EconoFiction

On the question of real estate Speculation (1)

6 Dez , 2019  

Today, on the one hand, we are seeing rising rents and the infamous gentrification, vertical housing construction and expensive condominiums in the centres of large cities, monstrous large-scale projects and massive urbanization processes in the emerging countries and peripheries, and on the other hand, the increase in urban poverty, vacancies ...

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EconoFiction

How Marxism today has to read Capital and how it has to analyze the current capital relations.

3 Dez , 2019  

Even for Marx, an important consequence of extracting added value in the production of goods is that the added value is transformed into what we now call an asset. In this context, the asset is a means of preserving added value on the one hand and of accumulating it on ...

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EconoFiction

The Marxist concept of capital

29 Nov , 2019  

Dirk Baecker writes in a current article: “Capital too must not be thought in singular terms, but in plural terms”. If he then immediately jumps to the competition, he follows a trail without being able to represent and explain connections. The miracle formula is called: Singular=Plural. We will show that ...

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EconoFiction

The esoteric Marx: relative surplus value, capital, finance

26 Nov , 2019  

Marx has assigned the financial instruments exclusively to the sphere of circulation and analysed their function separately from the functioning of the technologies or physical means of production, which preserve the past wealth and at the same time enable a future demand for goods produced. In Marx’s case, when it ...

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EconoFiction

Global Order and Imperialism

24 Nov , 2019  

The fact that struggles for reproductive conditions or circulation struggles are increasing again worldwide at the moment is no coincidence. In France in particular, they are increasing in intensity from week to week with the Yellow West. The shifts are easy to understand there, the radicalism of the Riots, the ...

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EconoFiction, NonPolitics

World Riots – Ein neuer Zyklus der Kämpfe (2)

20 Nov , 2019  

Auch wenn man jeden einzelnen Aufstand auf die eigene politische Dynamik untersuchen muss, so antworten die Aufstände doch fast ausnahmslos auf die globale Krise von 2008. Während Mexiko, Zentralamerika und die Karibik aufgrund ihrer Integration in den US-Markt direkt von der Krise betroffen waren, trat die Krise in Südamerika mit ...

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EconoFiction

Economic Concessions in Reaction to the Movement in Hong Kong? (engl/deutsch)

19 Nov , 2019  

The Hong Kong government is so far mainly using repressive measures against the mass movement, but, recently, state media in China have started pushing for a change in the city’s housing policy – possibly a first sign for economic concessions in reaction to the pressure ‘from below.’

The Hong Kong ...

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