Marx After Growth #3 The History of Accumulation

29 Nov , 2020  

The History of Accumulation

In the previous lecture on what’s been called the ‘esoteric’ Marx, I explored a subterranean current of Marxian thought distinct from the ‘exoteric’ Marx of the workers’ movement. This ‘esoteric’ Marxism, sometimes called value-form theory, finds its roots in the abstract conceptual logic of Marx’s critique ...

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What Do Economists Mean When They Talk About ‘Capital Accumulation’?

20 Okt , 2020  

THE MISMATCH THESIS: What do economists mean when they talk about “capital accumulation”? Surprisingly, the answer to this question is anything but clear, and it seems the most unclear in times of turmoil. Consider the “financial crisis” of the late 2000s. The very term already attests to the presumed nature ...

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EconoFiction, Groschenroman

Digital labour, species-becoming and the global worker

17 Jan , 2019  

This paper places digital labour in the context of recently revived interest in the young Marx’s concept of ‘species-being’ (Gatungswesen). Cryptically and fragmentarily announced in the Economic and Philosophic Manuscripts of 1844, but largely abandoned in Marx’s later work, the idea has passed in and then, apparently decisively, out, of ...

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EconoFiction, Lexicon

Subsumption and Crisis

9 Jul , 2018  

Though it has various senses in general usage,  subsumption  is a term of art within Marx’s critical political economy. It is sub-divided into  formal subsumption and  real subsumption . These designate changes to the production process during the transition to, and ongoing development of capitalism. These changes in aggregate may

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