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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EconoFiction

Zum Kapitalbegriff bei Peter Streckeisen: Soziologische Kapitaltheorie. Marx, Bourdieu und der ökonomische Imperialismus

30 Jul , 2019  

Der Schweizer Soziologe Peter Streckeisen will „das Marx’sche Hauptwerk mit soziologischer Brille so neu lesen, dass es zur Inspirationsquelle einer Kritik an den üblichen Kapitalbegriffen sowie der konzeptuellen Schärfung und Weiterentwicklung soziologischer Kapitaltheorie werden kann“. (S. 14)

Nachdem er vier „Elemente einer soziologischen Lektüre des Kapitals“ (von Marx) vorgetragen ...

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EconoFiction

THE AGE OF SPECULATIVE CAPITAL AND GLOBAL CIRCULATION FIGHTS

25 Jul , 2019  

Michel Feher claims in his new book, Rated Agency, that capitalized capitalism, which started in 1970, is akin to a Copernican revolution in that the new regime of capital accumulation no longer focuses on industrial companies based on vertical integration and internal growth, but on this regime both companies as ...

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EconoFiction

Gibt es einen maschinellen Mehrwert?

23 Jul , 2019  

Nicht das Problem um die Übertragung des Werts bzw. der Reproduktion des Wertanteils des fixen Kapitals, das Marazzi in seinem Essay Die Amortisation der Körper-Maschine (Marazzi 2012: 35ff.) behandelt (dem zufolge das konstante Kapital durch die Operation der Übertragung zweimal produziert wird), steht hier im Vordergrund, sondern unter anderen Gesichtspunkten ...

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PhiloFiction

Time & History

23 Jul , 2019  

transcript of a talk for the Radical Philosophy Association’s Fall conference ]

I would like to begin with a passage from Giorgio Agamben’s 1978 essay, ‘Time and History: Critique of the Instant and the Continuum,’ since it will serve to orient the remarks that follow:

Every conception of history is ...

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EconoFiction

SPECULATIVE TIME, DEBT AND CLASS POLITICS

21 Jul , 2019  

Many of the catchy testimonies of critical sociologists, ranging from Richard Sennett to Elena Esposito, are that the future is always some distance from the present, protected from the here and now and not as an economic resource in the world Present in the markets should be traded. The ...

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EconoFiction

On the Question of Money Endogeneity: Marx vs. the Post-Keynesians

24 Feb , 2019  

This paper argues that the conception of ‘money endogeneity’ formulated and defended by Post-Keynesian economists can be founded on a coherent and theoretically sound way only on the basis of Marx’s theory of value, which the author comprehends as the par excellence monetary value theory. The Marxist reformulatio of the ...

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EconoFiction

Fiktives Kapital: Aus 1000 Euro mach 2000 Euro

14 Feb , 2019  

Der Kauf und Verkauf von Geldkapital, seien es nun in Form von Aktien, Wertpapieren oder Derivaten, wird an sog. Geld- oder Kapitalmärkten abgewickelt. Man sollte aber dringlichst vermeiden, hier den Begriff des Marktes womöglich als konkretes Universal überzustrapazieren, vielmehr wäre es angebracht, diese Art strukturell-sozialer Raum als Distribution von Distributionen ...

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GenericScience

Marxismus – Material und Problem

14 Feb , 2019  

»Man erzittert vor der Hypothese, daß, begünstigt durch eine jener Metamorphosen, von denen Marx so oft gesprochen hat […], ein neuer ›Marxismus‹ nicht mehr die Gestalt haben könnte, unter der man ihn zu identifizieren und in die Flucht zu schlagen man sich gewöhnt hatte. Vielleicht hat man nicht mehr Angst ...

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EconoFiction

Finance und die Reproduktion des Kapitals (1)

10 Feb , 2019  

Wir untersuchen hier das Verhältnis des finanziellen Kapitals (Finance) zur Reproduktion des Kapitals. In Abschnitt A klären wir den Begriff der erweiterten Reproduktion unter besonderer Berücksichtigung des Begriffs der Zirkulation. In Abschnitt B geht es vor allem um das bisher wenig beachtete Verhältnis der Finance zur kapitalistischen Produktion. In einem ...

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EconoFiction

“Third Persons” and Reproduction: A Note to R. Luxemburg’s Critique of Marx’s Reproduction Schemes

5 Feb , 2019  

“Third Persons” and Reproduction:

A Note to R. Luxemburg’s Critique of Marx’s Reproduction Schemes

George Economakis and John Miliosi

Abstract

The aim of the present paper is to critically present Rosa Luxemburg’s critique to Marx’s reproduction schemes of a pure capitalist economy in Volume 2 of Capital, as a ...

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GenericScience

So ist die Demokratie das Wesen aller Staatsverfassung (Karl Marx)

29 Jan , 2019  

Auch in dieser Frage machte Marx keinerlei Zugeständnisse. Und es waren Deleuze/Guattari, die aufgrund vielfältiger historischer Erfahrungen, von denen Marx nichts wissen konnte, ins gleiche Horn bliesen und dessen Ansatz noch verschärften. Deleuze und Guattari verhöhnen geradezu die Demokratie, die den Vertrag, den Konsens und die Kommunikation und damit ständig ...

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EconoFiction

Money in Marx: From value-form Analysis to an Understanding of Modern Capitalism

26 Jan , 2019  

The rise of finance makes capitalist exploitation more effective but heav-ily reliant on market liquidity. When the latter evaporates, the whole setting quickly disintegrates. In other words, the demand for more discipline within capitalist power relations makes the economic milieu more vulnerable and fragile. Financial instability in our contemporary societies ...

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EconoFiction

150 years Karl Marx’s “Capital”

24 Jan , 2019  

150 years after its publication, Marx’s Capital remains stunningly relevant today. In essence, it is a research program launched by Marx without ever having been completed, and which is basically an ongoing project, as its object is, as Marx himself explains, the “ideal average” of the capitalist system, the causal ...

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