Tag Archives: Das Kapital

This is a substantial book which the author admits has been 20 years in the making. [1] It deals primarily with Moseley’s own “Macro-Monetary” interpretation of Marx’s economic writings and takes up and rebuts criticisms of this interpretation. However, the book also looks critically at the major interpretations of Marx’s economic work, by Marxist academic economists, which have emerged in the last 100 years, giving a brief description of them and critically examining their failings. Many...

In 1975, when I began to study Capital as a first-year graduate student, I was looking for the errors that my undergraduate economics teachers had told me rendered Capital obsolete. Several of these teachers belonged to the Union of Radical Political Economists and saw themselves as Marxists. But they agreed with their non-Marxist colleagues that Marx’s core value concepts were naively Hegelian. The good news, they said, was that the superstructure of Marx’s theory–class, capital...

I present four claims about Marx's Capital. I strive for topics more general than, for example, squabbles about the transformation problem. I suggest that some of these claims present a useful focus for reading Marx's book, even if part of your focus is arguing why the claim is wrong. If this were more than a blog post, I would need to cite various Marxists and scholars that inspired me. Short. Not wonkish. Worth thinking about, e.g, relative to "normalizing Marx." Implies Marx was a...

Critique of David Harvey's reading of Das Kapital.Michael Roberts BlogCapital.150 part two: the economic reason for madnessMichael Roberts

Some links of interest.Naked KeynesianismMarx Capital turns 150Matias Vernengo | Associate Professor of Economics, Bucknell UniversiTy

Value is a social relation. As such, it is ‘immaterial but objective.’ The ‘phantom-like objectivity’ of value arises because ‘not an atom of matter enters into the objectivity of commodities as values’. Their status as values contrasts with ‘the coarsely sensuous objectivity of commodities as physical objects. We may twist and turn a single commodity as we wish; it remains impossible to grasp it as a thing possessing value.’ The value of commodities is, like many other features of social...

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...

Short summary of the  of Das Kapital's continuing relevance. Clear and succinct. Real-World Economics Review Blog 150 years of ‘Das Kapital’: How relevant is Marx today? Jayati Ghosh | Professor of Economics at the Centre for Economic Studies and Planning, School of Social Sciences, at the Jawaharlal Nehru University, in New Delhi