On the Question of Money Endogeneity: Marx vs. the Post-Keynesians
The Marxian notion of Value is a complex theoretical construct: READ HERE ,
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A General Theory of Value and Money, part 1
This article sets out the foundations of an axiomatic theory of value and money. read here
Labor Value and Labor as Value
Temps Critiques The Performative Discourse of Power With its attacks against state handouts and its rejection of guaranteed income, Macron’s speech of November 9th on labor value (or on labor “as value”) was little more than a rehearsal of what Jospin1 had …
Capitalizing a future unsustainable: Finance, energy and the fate of market civilization
Liberal capitalist polities are being held up as the ultimate civilizational achievement precisely at a point in time when the energy-demanding built environments and growth imperatives of these societies are threatened by global climate change and the coming end of …
Capitalizing a future unsustainable: Finance, energy and the fate of market civilization
Excerpt from Chapter One of Frank Engster’s Book: Das Geld als Maß, Mittel und Methode Das Rechnen mit der Identität der Zeit
The question of the book is how a radical critique of capitalism is possible when critique in the tradition of Kant and Hegel means that the criticized subject itself has to “give” the measure of its critique. The thesis is …
Creative Industries, Value Theory and Michael Heinrich’s New Reading of Marx
This article utilises the new reading of Marx found in the work of Michael Heinrich to ana-lyse the creative industries. It considers the role played in the production of value by the labour that takes place in the sphere of …
Creative Industries, Value Theory and Michael Heinrich’s New Reading of Marx
A General Theory of Value and Money (Part 1: Foundations of an Axiomatic Theory)
This article sets out the foundatons of an axiomatc theory of value and money. Its purpose is to equip the public to explain the four facts that define the modern capitalist economy: the long-term post-war decline of the economies of …
A General Theory of Value and Money (Part 1: Foundations of an Axiomatic Theory)
A revaluation of value? The politics of value between populism and pandemic
Former Bank of England governor Mark Carney’s BBC Radio 4 Reith Lectures have restimulated interest in the topic of ‘value’. For Carney, the first decades of a century of crisis have been characterised by a continuing commitment to abstract ‘subjective’ …
A revaluation of value? The politics of value between populism and pandemic
Notizen zu F.H. Pitts` Buch „Value“ (1)
Frederick Harry Pitts unterteilt sei Buch Value in sechs Abschnitte: 1) Wert als Substanz (Ricardo und der exoterische Marx). 2) Wert als Relation (der esoterische Marx und Heinrich). 3) Wert als Nutzen (Neoklassik). 4) Wert und Institutionen (Bichler/Nitzan). 5) Wert …
Unbridgeable: Why Political Economists Cannot Accept Capital as Power
The theory of capital as power (CasP) is radically different from conventional political economy. In the conventional view, mainstream as well as heterodox, capital is seen a ‘real’ economic entity engaged in the production of goods and services, and capitalism …
Unbridgeable: Why Political Economists Cannot Accept Capital as Power
Marx After Growth #2 The Esoteric Marx
The Esoteric Marx This second lecture picks up on some key points from the first lecture to explore the ‘esoteric’ Marx, a subterranean current of Marxian thought distinct from the ‘exoteric’ Marx of the workers’ movement. I therefore want to …