Annotations to Karl Marx’s ‘Capital’
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The Role of Production Relations in Marx’s Theory of Capitalist Exploitation
It is well known that Karl Marx explained profit in capitalist economies as arising primarily from the exploitation of productive labor. Less generally understood is Marx’s theory as to the economic logic of capitalist exploitation, in particular the sense in and degree to which the latter depends on direct capitalist control of production, which Marx termed the subsumption of labor under capit...
متن کاملThe “Macro-monetary” Interpretation of Marx’s Theory: A Reply to Ravagnani’s Critique
This paper responds to Ravagnani’s critique of my “macro-monetary” interpretation of Marx’s theory. The first section briefly reviews the key points of my interpretation, with special emphasis on the determination of the initial inputs of constant capital and variable capital. The second section replies to Ravagnani’s criticism that my interpretation is subject to a severe “analytical limitatio...
متن کامل(re)discovering Marx’s Materialism
With Marx’s Ecology, John Bellamy Foster has written the definitive account of Karl Marx and Frederich Engels’s materialism. Its title notwithstanding, Marx’s Ecology is far more than an account of Marx’s thinking about nature. Marx’s materialism is not contained within the critique of capitalism, Foster argues, but rather the other way around—it is Marx’s critique of capitalism that is contain...
متن کاملEvil in the philosophy of Karl Marx
While a considerable secondary literature revolves around the issue of whether Marx believed that the concepts of “justice” and “injustice” – and hence, by implication, other comparable moral terms as well – had any non-relative meaning, there is really no doubt that a strong moral vision, with emphasis on the evil aspects of the capitalist system as a system of exploitation, undergirded all of...
متن کاملA Critical Note on Moseley’s ‘macro-monetary’ Interpretation of Marx’s Theory
This note critically evaluates the ‘macro-monetary’ interpretation of Marx’s theory presented by Moseley (2000) in opposition to the traditional view rooted in the early work of Bortkiewicz. The first part argues that the textual evidence from Capital sharply contrasts with the basic premise of Moseley’s interpretation, i.e. the claim that the inputs of constant capital and variable capital ent...
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تاریخ انتشار 2004