Tag Archives: Karl Marx

Marx on capitalism and the profit rate. Michael Roberts BlogCapital.150 part one: measuring the past to gauge the futureMichael Roberts

Link to paper by Ramaa Vausdevan Radical Political Economy The Significance of Marx’s Theory of Money Posted by David Fields

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

Chris Williams reviews Marx and the Earth: An Anti-Critique by Paul Burkett and John Bellamy Foster, Haymarket Books, 2017.... As shown by Foster and Burkett, Marx and Engels believed that to be truly free, humanity not only needed to overcome the alienation of labor but simultaneously our alienation from nature, both bestowed on us by capitalism Capitalism privileges property ownership over people and the environment. Marx and Engels go far beyond a mere utilitarian conception of nature...

Georg Lukács quote.Thoughts On Economics The Concept Of TotalityRobert Vienneau

This post is inspired by current events "It is not the primacy of economic motives in historical explanation that constitutes the decisive difference between Marxism and bourgeois thought, but the point of view of totality. The category of totality, the all-pervasive supremacy of the whole over the parts is the essence of the method which Marx took over from Hegel and brilliantly transformed into the foundations of a wholly new science. The capitalist separation of the producer from the...

In The Dialectical Imagination, Martin Jay says that economics was not a central part of Critical Theory, but that several scholars of the Frankfurt School worked in the area. One of the leading economists was Friedrich Pollock, especially after the Institute moved to New York. Like the other scholars of the Institute for Social Research, Pollock was trained in Marxist economics. This school mosttly followed Marx in thinking that capitalism would collapse under the weight of its own...