In David Harvey’s early work The Limits to Capital, he develops the foundations of his spatial analysis of capitalism through a reading of all three volumes of Karl Marx’s Capital. This post focuses on the sections devoted to the centralization of capital and finance capital. While Harvey provides a series of insightful analyses regarding the […]
Tag: commodity fetishism
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Capital Volume II: Class 11
Readings: Capital II, ch. 20 (sections 6-13), 21 Returning to a point I have made multiple times, the implication of Marx’s theory in Capital is that the anarchic capitalist system needs to be replaced with an egalitarian, planned economy. His project is to render visible all of the hidden and ignored inefficiencies in capitalism so […]
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Capital Volume II: Class 7
Readings: Capital III, ch. 36, 27-32 I have yet to find a place in Volume III where Marx explicitly defines fictitious capital. This may be a result of the unfinished nature of Part Five of this volume, or an oversight on my part. The closest I have found is his reference to fictitious capital as […]
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Capital Volume II: Class 6
Reading: Capital III, ch. 21-26 For Marx, interest-bearing capital is a special form of capital. It has the peculiar quality, much like labor-power, that the consumption of its use-value is productive of surplus-value. This is the basis of interest in the capitalist system. Interest is simply the price paid for capital that can produce surplus-value. […]
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Capital Volume I: Class 2
I decided to start reading Karl Marx’s Capital: Volume I. I have read it before but I want to get a bit deeper into it and eventually move on to the other volumes. I am not sure where this is headed, but I’m curious if I can use this to gain a better understanding of […]
World of Lenidzky 