EconoFiction

Value, Fictitious Capital and Finance. The Timeless of Karl Marx’s Capital

2 Apr , 2020  

Karl Marx is not a proponent of classical value theory as labour expended. Marx developed in Capital and his other mature economic writings a monetary theory of value and capital.2 He analysed value as an expression of relations exclusively characteristic of the capitalist mode of production. Value registers the rela-tionship ...

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PhiloFiction

On the End of History & the Death of Desire (Notes on Time and Negativity in Bataille’s ‘Lettre á X.’)

9 Mrz , 2020  

To continue from our conclusions regarding the question of what it would mean to love as a communist, we begin from the idea that abolition is what necessary binds communism as real movement to problems encountered in the life of desire, of the heart, of the family. And one key ...

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EconoFiction

The financial crisis in 2008 took place.

19 Feb , 2020  

When Jean Baudrillard announced that the year 2000 would not take place, one had to suspect evil. It is no exaggeration to say that the financial crisis of 2008 was the only event of world historical significance in the new millennium (as is well known, according to Baudrillard, the Iraq ...

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EconoFiction

Planning and Anarchy

12 Feb , 2020  

Planning and Anarchy

Central planning?! Computers can do it!!! Among the intuitions animating the contemporary left, we must rank rather high the felt sense that powerful new computing technologies now offer a solution to problems of calculation previously insuperable for the red-eyed central planners of “actually existing” socialist states. This ...

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EconoFiction

Remarks on Suzanne de Brunhoffs “Marx on Money”

6 Feb , 2020  

Recently, the writings of Suzanne de Brunhoff (1929-2015), largely unknown at least in the German-speaking world, have again been mentioned by some Marxist economists and philosophers. Tony Norfield refers to Brunhoff in his book “The City” in a footnote in connection with the little-discussed role of private banks as creators ...

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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

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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NonPolitics

Logic and the Politics of Prevention

8 Jan , 2020  

In general, prevention is immanent to a specific time schedule. If the present future, which refers to what is expected of the future, and the future present, which designates that future that will actually occur, are not congruent, then, if one looks at it economically at first, through the use ...

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PhiloFiction

Some Principles of Geocommunism

1 Jan , 2020  

Nation-states dissolve into a global federation of dense cities counting one toten million and governed by the principle of subsidiarity. Large wilderness areasbetween these cities are left uninhabited, starting with today’s fragile ecosystems.All energy comes from renewables, all waste is recycled. Agriculture is done withinand close to urban areas, manufacturing ...

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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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PhiloFiction

What is determination in the last instance? (20 points)

9 Dez , 2019  

1) For Laruelle, philosophy always revolves around dualities or differences, being – other, theory – practice, ontic-ontological, etc.

2) Laruelle leaves this terrain to fully invest his thinking power in the solutions of the One’s problem, or more precisely to develop an irreversible thinking in one or according to the ...

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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

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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