Capital (marxism)
Topic: Finance
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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.
What's central for the marxian understanding of capital, is that capital is viewed as a social relation reproduced by the continuous expenditure of wage labour. Labour and capital are viewed as historically specific forms of social relations.[1][2][3][4]
Marx on capital
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]
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.
- Postone, Moishe Time, Labor and Social Domination: A Reinterpretation of Marx's Critical Theory. New York and Cambridge: Cambridge University Press , 1993.
See also
- Critique of economy
- Robert Kurz
- Moishe Postone
- Roman Rodolsky
- Nicole Peperell
Sources
- ↑ 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."
- ↑ "Economic Manuscripts: Capital Vol. I - Chapter Ten". https://www.marxists.org/archive/marx/works/1867-c1/ch10.htm.
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