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: relative surplus value
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Capital Volume II: Class 3
Readings: Capital II, ch. 4-6 Chapters 4-6 do not entirely hold together and there are key points made in each, so I will separate this out into a few sections. First, chapter 4 contains an important theoretical formulation that fills out some of the scattered theoretical references made in Volume I. What is Marx’s theory […]
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Capital Volume I: Class 11
Readings: Capital I, ch. 25; Capital III, ch. 5, 6, 13-15 “Finally, the law which always holds the relative surplus population or industrial reserve army in equilibrium with the extent and energy of accumulation rivets the worker to capital more firmly than the wedges of Hephaestus held Prometheus to the rock. It makes an accumulation […]
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Capital Volume I: Class 9
Reading: Capital I, ch. 15, sections 5-10 In class 8, on the first part of chapter 15, Harvey focused considerable attention on footnote 4, on pages 493-4. This footnote contains important theoretical material that situates Marx’s discussion of the technology of large-scale industry in his theory of historical materialism. In order to be succinct, I […]
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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 […]
World of Lenidzky 