As we have already indicated in Capitalization vol. 2 (Szepanski 2014b), the Greek economist John Milios has offered an important approach to a precise conceptual determination of the contemporary capital relation with his monetary theory of value, based on the …
According to economists whose theories currently prevail in America, economics has replaced political economy, and economics deals with scarcity, prices, and resource allocation. In the definition of Paul Samuelson, “economics or political economy, as it used to be called, is …
Commodity Fetishism: an introduction to I.I. Rubin’s Essay on Marx’s Theory of Value
As we have already indicated in Capitalization vol. 2 (Szepanski 2014b), the Greek economist John Milios has offered an important approach to a precise conceptual determination of the contemporary capital relation with his monetary theory of value, based on the …
Published a century after Marx’s Capital, Guy Debord’s The Society of the Spectacle was described upon its release as ‘the Capital of the new generation’ (Le Nouvel Observateur). However, the book’s content has almost never been seriously examined alongside the …
As we have already indicated in Capitalization Vol. 2 (Szepanski 2014b), the Greek economist John Milios, with his monetary value theory based on Louis Althusser’s reading of capital, has offered an important approach for a precise conceptual definition of the …
The Esoteric Marx This second lecture picks up on some key points from the first lecture to explore the ‘esoteric’ Marx, a subterranean current of Marxian thought distinct from the ‘exoteric’ Marx of the workers’ movement. I therefore want to …
Apart from the distinction between the supra-historical dimension of use value, which is expressed in the fact that there are objects that satisfy needs at all, and the dimension of the thoroughly capitalistically structured use value qua value abstraction (which …
Use value stimulation: Making the ShoppingMall distinguishable from the rubbish dump
Under the aspect of the juxtaposition of commodity and money, Marx speaks in the first three chapters of Kapital Bd.1 of the commodity as a commodity form. If the development of value itself is addressed here at the same time, …
Circulation is a concept and category Marx uses to analyze capital as a process in addition to or, rather than, a relation. Marx’s analysis of the circulation process is challenging, which in part is due to the polysemy of circulation …
Capitalism was always, and will never cease to be exploitative, domineering, speculative. But it will not disintegrate or decay due to its exploitative, domineering, speculative character, certainly not due to the supposedly specifically “predatory” function of the financial sphere – …
Value, Fictitious Capital and Finance.The timeliness of Karl Marx’s Capital
We have nothing to sell you and we are not trying to seduce our fellow proletarians. We are not a groupuscule seeking to compete over prestige or influence with the rest of the other groupuscules and parties which claim to …
taken from ediciones-ineditos In the wake of the riot of Mexican-Americans in East Los Angeles on August 29, 1970 (with an encore on September 16), the various mouthpieces of the “left” have as usual raised their tiresome duststorm of …
Riot and Representation: The Significance of The Chicano Riot