Finance:Capital (Marxism)
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Short description: Central concept in marxian critique of political economy
Capital is a central concept in Marxian critique of political economy, and in Marxian thought more generally.
Marxists view capital as a social relation reproduced by the continuous expenditure of wage labour. Labour and capital are viewed as historically specific[clarification needed] forms of social relations.[1][2][3][4]
Marx stated that "Capital is dead labour, that, vampire-like, only lives by sucking living labour, and lives the more, the more labour it sucks."[5]
See also
- Property is theft!
- Private property
- Forms of capital in Marxism:
- Finance:Constant capital
- Finance:Fictitious capital – Marxist Doctrine
- Monopoly Capital
Key figures:
- Robert Kurz
- Moishe Postone
- Roman Rozdolsky
References
- ↑ Marx, Karl; Nicolaus, Martin (1993). Grundrisse : foundations of the critique of political economy (rough draft). London: Penguin Books in association with New Left Review. pp. 296, 239, 264. ISBN 0-14-044575-7. OCLC 31358710.
- ↑ Postone 1993.
- ↑ Marx, Karl; Nicolaus, Martin (1993). Grundrisse : foundations of the critique of political economy (rough draft). London: Penguin Books in association with New Left Review. pp. 296, 239, 264. ISBN 0-14-044575-7. OCLC 31358710.
- ↑ Pradella, Lucia (2015). Globalisation and the critique of political economy: new insights from Marx's writings. Abingdon, Oxon. pp. 147. ISBN 978-1-317-80072-9. OCLC 897376910. https://www.worldcat.org/oclc/897376910. "The analysis of the production process as a whole, namely, as a reproduction process, removed the illusion of the autonomy of value, revealing that capital entirely consists of objectified labour. Workers are faced with their own labour, objectified in means of production and of subsistence, which becomes capital, thus recreating the conditions for their exploitation."
- ↑ "Capital, Vol. I, Chapter Ten". https://www.marxists.org/archive/marx/works/1867-c1/ch10.htm.
Bibliography
- Postone, Moishe (1993). Time, labor, and social domination: a reinterpretation of Marx's critical theory. Cambridge: Cambridge University Press. doi:10.1017/CBO9780511570926. ISBN 9780511570926.
Further reading
- Pradella, Lucia (2015). Globalisation and the critique of political economy : new insights from Marx's writings. Abingdon, Oxon. ISBN 978-1-317-80072-9. OCLC 897376910. https://www.worldcat.org/oclc/897376910.
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