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

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

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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Documentation

>>Today, the surplus population is vegetating on the line between survival and liquidation.<<

28 Nov , 2019  

Interview with Autonomie Magazin and Achim Szepanski

Achim, you published three books in 2018 alone. The Introduction to Economics “Capital and Power in the 21st Century”, a book with three essays on “Imperialism, State Fascisation and the War Machines of Capital” and, together with Karl-Heinz Dellwo and J. Paul Weiler, ...

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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

Marx and Credit

17 Nov , 2019  

As a pure form of the “alienation of the capital relationship”, as Marx writes, money and capital markets emerge, which today confirm day by day that credit money, government bonds and synthetic securities as fictitious or speculative capital determine the economy in the last instance. And when Vilém Flusser writes ...

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EconoFiction

Kojin Karatani and the Historotranscendental Logic of Capital

7 Nov , 2019  

If one wants to follow the Japanese philosopher Kojin Karatani, Marx has posed the problem of the value form and value in the course of the theoretical treatment of the antinomy of intrinsic value and value relativism. (Cf. Karatani 2003) For Marx, this problem presented itself as follows with regard ...

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EconoFiction

Nick Dyer-Withefords Cyber-Proletariat. Accumulation of Capital, Cybernetics and proletarian class.

25 Okt , 2019  

Cybernetics and Class
Why speak of a global proletariat in the context of cybernetic capital? The term “cybernetics” has two meanings. The first is the school of thought that developed its theories for the British and American military in the 1930s through experiments in radar technology, ballistics and the construction ...

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EconoFiction

Value Theory

18 Okt , 2019  

The actualization of value depends on material, symbolic money, which as the counterpart of value – counterpart, insofar as money nourishes the illusion of being able to give crisisless form to the potentially infinite of exploitation – affirms and actualizes its assertiveness in the price form. To this end, it ...

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EconoFiction

Is there any machine added surplus value?

26 Sep , 2019  

Not the problem of the transfer of the value or the reproduction of the value share of the fixed capital, which Marazzi described in his essay The Amortization of the Body Machine (Marazzi 2012: 35ff.) (according to which the constant capital is produced twice through the operation of transmission), the ...

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Mashines

Marx and the Machine

17 Sep , 2019  

With the reference to the phylogeny of machines, which ranges from complex tools to machines driven by motors to automatons, Marx always combines a genealogy of technology shaped by capital and thus clearly sets himself apart from a transhistorical theory of the evolution of technology. Marx writes: “Work is organized ...

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PhiloFiction

Laruelle, the myths of and about Marxism

11 Sep , 2019  

Marx has often spoken of the dwarfish and narrow-minded idea of the German petty bourgeois. Without a doubt, this also applies today to the remaining stocks of German left-wing academics and their Marx reading, as one could see again on the occasion of this year’s Marx Party. There is swaggering, ...

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EconoFiction

Capital and Power in the 21st Century (Extract)

10 Sep , 2019  

The world economy is currently in a phase of secular stagnation with persistently low growth rates of the real gross domestic product.1 The litanies of boundless economic growth that the representatives of capital and the imperialist states repeatedly prayed to the populations after the Second World War have literally come ...

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EconoFiction

Speculative Capital in the 21th Century

4 Sep , 2019  

1) The derivative is not something you hold in your hands like a book. It is essentially relational, but rather, it is a relation of relations. First, it is about the volatility of the derivative in relation to the volatility of the underlying. The decisive factor in the replication of ...

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EconoFiction

Reading Capital Logistically

27 Aug , 2019  

In the first logistical statements in Capital, Marx writes that because commodities are things they “cannot themselves go to market and perform exchanges in their own right,” (1976:178) its guardians must lend them feet to move, and on the market “his tongue… to communicate their prices” (1976:189). Human feet, however, ...

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EconoFiction

Circulation

21 Aug , 2019  

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 as a concept.

read here ...

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EconoFiction

Capitalism, financial system and forms of exploitation

9 Aug , 2019  

Spyros Lapatsioras/John Milios/Dimitris P. Sotiropoulos

Financial intermediation is a sui generis service itself and is therefore a productive activity striving for profit maximization, like any other sector of the capitalist economy.

read here ...

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Mashines

Perfect Machines: Artificial Intelligence and the Labour Theory of Value

3 Aug , 2019  

Paper presented at “Marx’s Critique of Political Economy and the Global Crisis Today. On the 150th Anniversary of the Publication of Capital”, Hofstra University, April 6-7, 2017.

“Someone once said that it is easier to imagine the end of the world than to imagine the end of capitalism.”
– Frederic ...

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Mashines

Inhuman Power / Review (1)

31 Jul , 2019  

Das Autorenteam Dyer-Whiteford, Kjösen, Steinhoff hat mit Inhuman Power ein verdienstvolles Buch zur AI (Artificial Intelligence; AI) aus marxistischer Sicht vorgelegt. AI definieren die Autoren als die Fähigkeit in einem bestimmten Zeitraum angemessene Generalisierungen auf Grundlage von limitierten Daten zu machen. Je weiter der Spielraum für Applikationen ist und je ...

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