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 […]
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Capital Volume I: Class 9.33
Readings: Capital I, ch. 16-18; Grundrisse pp. 398-423, 649-652, 745-758; Capital III, ch. 10, 50; Limits to Capital, pp. 45-54 While the Grundrisse is challenging to read because it is often written just as Marx’s notes to himself, it contains significant theoretical material that complements the more formal presentation of Capital. One point that stands […]
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Capital Volume I: Class 7
Reading: Capital I, ch. 12-14 Part 4, which covers relative surplus value, begins by first describing the basic economics of relative surplus value and then providing the reader with the historical background for its emergence as a key tool for capitalists to increase surplus value. I will skip the discussion of the economics because, while […]
Over the past week, I have had a short-lived obsession with Modern Monetary Theory (MMT), the latest economic ideology adopted by left Democrats such as Bernie Sanders and Alexandria Ocasio-Cortez. My tentative conclusion, after learning the contours and policy implications of this “theory,” is that it would be pointless to delve further into MMT’s economic […]
World of Lenidzky 