Saturday , May 4 2024
Home / Mike Norman Economics / Marx’s “Capital” at 150: History in Capital, Capital in History

Marx’s “Capital” at 150: History in Capital, Capital in History

Summary:
Today a new generation, experiencing major capitalist crises, increasingly concerned about its prospects and rising inequality, is powering radical movements in the homelands of capitalism behind figures and forces such as Sanders, Corbyn, Mélanchon, Die Linke, Podemos and Cinque Stelle. Will it bring Capital back into the history of these countries? Not before the burden of western misinterpretation that has accumulated over it for a century and a half, nearly crushing it, is removed. That involves rejecting more of our intellectual legacy, mainstream and ‘Marxist’, than we imagine.... What does all this mean for those approaching Capital today? Quite simply, Capital will not re-enter history, the one you must make to prevent capitalism taking humanity down with it, unless you recover

Topics:
Mike Norman considers the following as important: , , , ,

This could be interesting, too:

Robert Vienneau writes Marxian Political Economy As Forward-Looking

Robert Vienneau writes A Letter From Marx To Engels In 1858 Outlining His Critique Of Political Economy

Robert Vienneau writes A History Of Production Processes In Volume 1 Of Capital

Robert Vienneau writes Keynes And Marx

Today a new generation, experiencing major capitalist crises, increasingly concerned about its prospects and rising inequality, is powering radical movements in the homelands of capitalism behind figures and forces such as Sanders, Corbyn, Mélanchon, Die Linke, Podemos and Cinque Stelle. Will it bring Capital back into the history of these countries? Not before the burden of western misinterpretation that has accumulated over it for a century and a half, nearly crushing it, is removed. That involves rejecting more of our intellectual legacy, mainstream and ‘Marxist’, than we imagine....
What does all this mean for those approaching Capital today? Quite simply, Capital will not re-enter history, the one you must make to prevent capitalism taking humanity down with it, unless you recover the history in it. Park your ahistorical economics and social sciences at the door before you enter. They are not aids to understanding the greatest analysis of how we got here and where we might be headed. Read what Marx says. Pay no attention to those that tell you Capital is hard: they are merely saying ‘read my book first’. You have limited time: spend it on reading Capital. If you must read an introduction, Ernest Mandel’s, remarkably brief and unsullied by the problems discussed here, will do amply. Remember, Capital was serialised in a workers’ paper. You are today’s workers and Capital is your invitation card to history. 
Counterpunch
Marx’s “Capital” at 150: History in Capital, Capital in HistoryRadhika Desai | Professor at the Department of Political Studies, University of Manitoba, Winnipeg, Canada and author of Geopolitical Economy (2013)
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *