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 ...
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 ...
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 ...
banks, crises, derivatives, finance, financial crises, liquidity, marxism, profitrate
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 ...
central planning, communism, decentral plannung, Hayek, marxism, prices, value
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 ...
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 ...
capital, credit, derivatives, finance, marx, marxism, money, non-philosophy, time
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 ...
capital, fall of profitrate, Gesamtkapital, innovation, marx, marxism, profitrate
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 ...
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 ...
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 ...
marxism, prevention, state fascism, state theory, virtual enenmy
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 ...
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 ...
abstraction, equivalence, marx, marxism, value theory, 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 ...
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 ...
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 ...
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 ...
althusser, determination in the last instance, laruelle, marxism
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), ...
althusser, class, crisis, greece, marxism, modes of production, Poulantzas, structuralism
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, ...
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 ...
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 ...
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, ...
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 ...
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 ...
