monetary theory of value

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

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 …

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

Marx’s Monetary Theory of Value and Capital and Contemporary Capitalism

Contemporary capitalism is characterized on the one hand by ‘liberalization’ of markets, flexibility and restructuring of production structures in a direction undermining the workers’ rights and living standards, and on the other by a huge expansion of the financial sphere. …

Marx’s Monetary Theory of Value and Capital and Contemporary Capitalism

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