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 ...

, , , ,

EconoFiction, Mashines

Money Robots

16 Okt , 2019  

Money robots are actually nothing more than complex algorithms that analyze and process data and are also able to learn from feedback and results. Former MEP Martin Ehrenhauser has published an informative book on this subject. The book “Die Geldroboter”, published by ProMedia-Verlag, deals with the function and effectiveness of ...

, , , ,

EconoFiction

Financial Capital Globalization as Capital Discipline and the Socialist Alternative

10 Okt , 2019  

John Milios National Technical University of Athens, john.milios@gmail.com

Dimitris P. Sotiropoulos The Open University Business School, UK, d.p.sotiropoulos@gmail.com

1. Globalization, financialization, crisis

The current financial crisis of capitalism is without precedent in the post-war period. Regarding the crisis, recent heterodox literature is dominated by a single and persistent argument. The ...

, , , , ,

PhiloFiction

25 Thesis about Time

30 Sep , 2019  

1) Economic quantities can also be changed in time precisely because money, as a so-called transcendental signifier for capital, possesses the quality of a pure quantity, with which money is released from current barter exchanges and thus as a monetary sign the time accumulated in the commodity is settled, which ...

, , , , , , ,

EconoFiction

Finance and Reproduction of Capital

28 Sep , 2019  

Here we examine the ratio of financial capital (finance) to the reproduction of capital. In Section A, we clarify the concept of extended reproduction with particular reference to the concept of circulation. Section B deals mainly with the previously neglected relationship between finance and capitalist production. In a further section, ...

, , , , , ,

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 ...

, , , , , , ,

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 ...

, , , , , ,

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 ...

, , , , , ,

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 ...

, , , , ,

Documentation

MoneyLab #6 Infrastructures of Money

7 Feb , 2019  

program: http://networkcultures.org/moneylab/events/moneylab-6/program/

abstracts: http://networkcultures.org/moneylab/events/moneylab-6/abstracts/

event page: http://networkcultures.org/moneylab/events/moneylab-6/

7-8 March 2019, Siegen, Germany

Locations

Conference: Museum für Gegenwartskunst, Unteres Schloß 1, Siegen

Workshops: Unteres Schloß, Unteres Schloß 3, building A, Siegen

7 March 2019

9.30 a.m.

Doors open & registration.

10 a.m. 12 p.m.
1. Anthropology of Money ...

, , ,

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 ...

, , , , , ,

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 ...

, , ,

EconoFiction

Money as Money: Suzanne de Brunhoff’s Marxist Monetary Theory

3 Jan , 2019  

Abstract: This article proposes the necessity to return to Suzanne de Brunhoff’s Marxist monetary theory in order to conceptualise the relationship between production and social reproduction within financialised capitalist social relations. De Brunhoff maintains a commitment to understanding «money as money» or money as an independent variable, with a ...

, , , , , ,

EconoFiction

Der marxistische Kapitalbegriff

15 Nov , 2018  

Dirk Baecker schreibt in einem aktuellen Beitrag: »Auch das Kapital darf nicht im Singular, sondern muss im Plural gedacht werden.« Wenn er dann sofort zur Konkurrenz springt, verfolgt er zwar eine Spur, ohne Zusammenhänge darstellen und explizieren zu können. Die Wunderformel heißt nämlich: Singular=Plural. Wir werden zeigen, dass man über ...

, , , , , , ,

EconoFiction

150 years Karl Marx’s “Capital” Reflections for the 21st century

1 Nov , 2018  

INTERNATIONAL CONFERENCE 14-15.1.2017
Olympia Hall – Garden of Zappio- Athens – Greece

According to the above argumentation, the ‘products’ of financial innovation, even during the period just before the crisis when derivatives spiked, should not be considered as products of a perverted imagination with the sole aim of bypassing regulatory ...

, , , , ,

EconoFiction

Spekulation, Kapital und Zeit (Konings: Capital and Time) (1)

23 Okt , 2018  

Wir führen die Diskussion um Spekulation, Zeit und Kapital entlang des Buches »Capital and Time« von Martijn Konings. Bis auf das Problem der Chrematistik bei Aristoteles geht die Kritik an der Spekulation zurück. Sie war von Anfang als eine Kritik an den Investments in solcher Versprechen ausgerichtet, die kein Fundament ...

, , , , , , ,

EconoFiction

Contingency and Foundation: Rethinking Money, Debt, and Finance after the Crisis

21 Okt , 2018  

The origins of the financial crisis of 2007–8 have been widely understood in terms of the financial system having transgressed the boundaries of its proper role and place in society; and the response has been driven above all by a concern that key dimensions of the social order have become ...

, , , , , , , , , ,

EconoFiction

Marx’s Capital after MEGA2

16 Okt , 2018  

(The following text is the slightly reworked version of an article which appeared on 21 September 2005 in “Jungle World”, a leftist German weekly newspaper. In a previous issue, Karl Heinz Roth, one of the main German representatives of Operaismo, had argued that some important Marxian categories are not ...

, , , , , ,

EconoFiction

Another Speculation? Michel Feher on Neoliberalism and Resistance

4 Okt , 2018  

In getting to grips with “neoliberalism”, a recommended first port of call is the published transcripts of Michel Foucault’s 1979 lecture series at the Collège de France titled The Birth of Biopolitics.[i] In those lectures Foucault demonstrated that the foundations of neoliberalism emerge from a critique of the ...

, , , , , , , , ,

EconoFiction

The Time of Money (Review) (2)

28 Sep , 2018  

Viele der eingängigen Aussagen von kritischen Soziologen, angefangen bei Richard Sennett bis hin zu Elena Esposito, bewegen sich dahingehend, dass die Zukunft sich in einer gewissen Distanz zur Gegenwart befindet und gegenüber dem Hier und Jetzt geschützt und damit nicht als eine Ressource in der Gegenwart an den Märkten gehandelt ...

, , , , , , ,

EconoFiction

Was ist eigentlich eine Bank?

26 Sep , 2018  

In ihrer Anfangsphase konzentrierten sich die Geschäfte der privaten Banken hauptsächlich auf den Ankauf von Gold, Wechseln, Aktien und Anleihen, dem die Ausgabe von Kontokorrentkrediten, Krediten und Darlehen gegenüberstand. Historisch geschah dies oft zuerst in der Form des Wechsels; im Wechselgeschäft haftet bis zum Fälligkeitstermin derjenige, der den Wechsel ...

, , , , , , , , , ,

EconoFiction

Heterodox Economics vis-à-vis Crisis and Finance. Speculation of the ‘absentee rentier’ or Mechanism of disciplining social action?

23 Sep , 2018  

The 2007-2008 financial crisis is without precedent in the post-war period, a fact acknowledged by the majority of economists. At the same time, the crisis is a ‘marginal moment’ which unveils and helps us rethink the workings of contemporary capitalism. The latter is mostly grasped under the term of financialization ...

, , , , , , ,

EconoFiction

Against the Valorization of Life – Part I

20 Sep , 2018  

We have nothing to sell you and we are not trying to seduce our fellow proletarians. We are not a groupuscule seeking to compete over prestige or influence with the rest of the other groupuscules and parties which claim to represent the exploited and which seek to govern them. We ...

, , , , ,