Beyond the 2008 Financial “Crisis”
... for as “similar.” However, does this accounting distract itself with its reach for “definite
expression?” Rather, does it extend a differentiating complexity of only “similar” objects, and
hence an “identity” and a “difference?” “Value” is de-posited or reserved as intrinsic usevalue yet expressed o ...
... profits is very clear: in whatever circumstance, a rise (lowering) in wages
provokes a fall (increase) in profits. Both variables move in an inverse direction.
As we saw in the previous chapter, Kalecki's conclusion is different, since he
acknowledged that a fall (rise) in wages will not bring abou ...
Marx`s Theory of the Money Commodity
... theory of money he quickly fell and remained, again partially, under the influence
of Tooke. For the first time certain principles of Marx’s final theory are made
explicit: money is a commodity, say gold or silver; money is unique amongst
Louis Althusser and the Forms of Concealment of Capitalist
... Our view, commencing rather from Rancière’s analysis, incorporates the
concept of fetishism into the theory of ideology and does not reject it as an idealistic
construction. This, precisely, is how it succeeds in identifying the actual idealism that
pervades many of the anthropological readings of t ...
ARCHIVE: MARX, CLASSICAL POLITICAL ECONOMY AND THE
... strictly to the law of value, i . e . equal amounts of labour time always exchange for
equal amounts of labour time : this principle also applies to exchange relations
between workers and employers . However, for Marx it is quite evident that there is
no exchange of equivalents between worker and em ...
the development of socialist economic thought
... interesting because although the system of material balances is often refered to, it is rare
to see an explanation of just how this differs from input output tables. In many ways they
seem similar to Neurath’s early proposals based on his experiences of the war economy of
the Central Powers[Neu04]. ...
Marxist economics MARXISM IS COMPLICATED by the fact that
... At present, 200 top companies together with 35 banks and finance houses control the British economy,
and account for 85 per cent of output. This development has come about over the past few hundred
years through ruthless competition, crisis and war. At the time when the classical economists predicte ...
... claim simply that ‘there is exploitation’, but rather explains why this capitalist
exploitation attains its specific form, a commodity and money economy. Marx
comprehends profit neither as a ‘deduction’ nor does he allow for a theory of ‘pure
economics’. Profit is the aim and the regulating principl ...
Ali Kadri May 11
... direct product of the degree of alliance between the
labouring classes and the ruling regime or the
distance that ruling regimes keep from imperial power
centres, holds primacy. The practice of realising
national security through the mediation of the
struggle of the labouring classes, and the changi ...
The `Marginal Revolution` in Economics against the Labour Theory
... necessary condition, independent of all forms of society, for the existence of the
human race; it is an eternal nature imposed necessity, without which there can be
no material exchanges between man and Nature, and therefore no life. The usevalues, coat, linen, &c., i.e., the bodies of commodities, ...
Labour power (in German: Arbeitskraft; in French: force de travail) is a crucial concept used by Karl Marx in his critique of capitalist political economy. Marx distinguished between the capacity to do work, labour power, from the physical act of working, labour. Labour power exists in any kind of society, but on what terms it is traded or combined with means of production to produce goods and services has historically varied greatly.Under capitalism, according to Marx, the productive powers of labour appear as the creative power of capital. Indeed, ""labour power at work"" becomes a component of capital, it functions as working capital. Work becomes just work, workers become an abstract labour force, and the control over work becomes mainly a management prerogative.