The Capitalist Schema

The Capitalist Schema

Author: Christian Lotz

Publisher: Lexington Books

Published: 2014-09-09

Total Pages: 193

ISBN-13: 0739182471

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Christian Lotz argues that Immanuel Kant’s idea of a mental schematism, which gives the human mind access to a stable reality, can be interpreted as a social concept, which, using Karl Marx, the author identifies as money. Money and its “fluid” form, capital, constitute sociality in capitalism and make access to social reality possible. Money, in other words, makes life in capitalism meaningful and frames all social relations. Following Marx, Lotz argues that money is the true Universal of modern life and that, as such, we are increasingly subjected to its control. As money and capital are closely linked to time, Lotz argues that in capitalism money also constitutes past and future “social horizons” by turning both into “monetized” horizons. Everything becomes faster, global, and more abstract. Our lives, as a consequence, become more mobile, “fluid,” unstable, and precarious. Lotz presents analyses of credit, debt, and finance as examples of how money determines the meaning of future and past, imagination, and memory, and that this results in individuals becoming increasingly integrated into and dependent upon the capitalist world. This integration and dependence increases with the event of electronics industries and brain-science industries that channel all human desires towards profits, growth, and money. In this way, the book offers a critical extension of Theodor Adorno’s analysis of exchange and the culture industry as the basis of modern societies. Lotz argues—paradoxically with and against Adorno—that we should return to the basic insights of Marx’s philosophy, given that the principle of exchange is only possible on the basis of more fundamental social and economic categories, such as money.


Marxian Reproduction Schema

Marxian Reproduction Schema

Author: Andrew Trigg

Publisher: Routledge

Published: 2006-04-18

Total Pages: 144

ISBN-13: 1134305656

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In 1878 Karl Marx developed the reproduction schema: his model of how total capital is produced and reproduced. This is thought to be the first two-sector economic model ever constructed. Two key aspects of Marx’s writings are widely agreed to be undeveloped: The role of aggregate demand and the role of money. This book synthesizes various strands of economic thought to enable the reader to understand and clarify the structure of the reproduction schema. This synthesis will challenge prevailing orthodoxies. This book constructs a macro monetary model which draws on a wide range of economic theories, within both the Marxian economic tradition, and the tradition of Keynes, Kalecki, Domar, Sraffa and Leontief. Marxian economics has been dominated by supply-side thinking, including general equilibrium theory and pronouncements about the shortage of surplus value, whilst Post Keynesians have failed to take seriously the importance of reproduction and the multisectoral structure of capitalism. By locating aggregate demand and the circuit of money in the reproduction schema, this key book provides an analytical contribution to both Marxian and Post Keynesian economics.


Henryk Grossman Works, Volume 1

Henryk Grossman Works, Volume 1

Author: Henryk Grossman

Publisher: BRILL

Published: 2018-11-26

Total Pages: 706

ISBN-13: 9004384758

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This collection includes texts by Henryk Grossman that are primarily concerned with economic theory: monographs, articles, essays, letters and manuscript material. Many have never been published in English before, some in any language. The first in four volumes of Grossman’s works, it provides the basis for a deeper understanding of Grossman’s contributions to Marxist economic theory and critique of bourgeois economics. Rick Kuhn’s introduction explains the contexts in which the texts were written and establishes their contemporary relevance.


Late Capitalism

Late Capitalism

Author: Ernest Mandel

Publisher: Verso Books

Published: 2024-07-30

Total Pages: 521

ISBN-13: 1804294764

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Late Capitalism is the first major synthesis to have been produced by the contemporary revival of Marxist economics. It represents, in fact, the only systematic attempt so far ever made to combine the general theory of the 'laws of motion' of the capitalist mode of production developed by Marx with the concrete history of capitalism in the twentieth century. A landmark in Marxist economic literature, Late Capitalism is specifically designed to explain the international recession of the 1970s and is an invaluable guide to understanding the nature of the world economy today. This edition includes a new introduction by Cdric Durand assessing the book's continued relevance.


Critiquing Capitalism Today

Critiquing Capitalism Today

Author: Frederick Harry Pitts

Publisher: Springer

Published: 2017-10-17

Total Pages: 282

ISBN-13: 3319626337

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This book critically introduces two compelling contemporary schools of Marxian thought: the New Reading of Marx of Michael Heinrich and Werner Bonefeld, and the postoperaismo of Antonio Negri. Each stake novel claims on Marx’s value theory, the first revisiting key categories of the critique of political economy through Frankfurt School critical theory, the second calling the law of value into crisis with reference to Marx’s rediscovered ‘Fragment on Machines’. Today, ‘postcapitalist’ conceptualisations of a changing workplace excite interest in postoperaist projections of a crisis of measurability sparked by so-called immaterial labour. Using the New Reading of Marx to question this prospectus, Critiquing Capitalism Today clarifies complex debates for newcomers to these cutting-edge currents of critical thought, looking anew at value, money, labour, class and crisis.


Reading the Bible in an Age of Crisis

Reading the Bible in an Age of Crisis

Author: Bruce Worthington

Publisher: Augsburg Fortress Publishers

Published: 2015

Total Pages: 375

ISBN-13: 1451482868

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We live in an age in which economic, ecological, and political crises are not the exception, but the rule. The Cold War polarities that shaped an earlier "political exegesis" have been replaced; Bruce Worthington argues that increasingly, crisis is the engine of a global "turbo-capitalism." In this volume, edited by Worthington, biblical scholars and activists describe and exemplify the shape of a biblical interpretation that takes contemporary crisis seriously as its most important context. Succinct opening essays summarize the salient aspects of our critical situation, especially in relation to the dominance of capitalism and its pervasive values; in later parts, contributions address themes of economic, political, and environmental crisis in dialogue with texts from the First and Second Testaments. Throughout the volume, the authors are careful to describe the basis for making interpretive analogies across historical, cultural, and socioeconomic distances between the world of the Hebrew Bible, the New Testament, and our own. Richard A. Horsley writes a postscript pointing to next steps in political interpretation.


Rosa Luxemburg and the Critique of Political Economy

Rosa Luxemburg and the Critique of Political Economy

Author: Riccardo Bellofiore

Publisher: Routledge

Published: 2009-05-27

Total Pages: 316

ISBN-13: 1134135068

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This book analyzes the important contributions of Rosa Luxemburg to economic theory as well as devoting some space to her background as a left social-democratic politician and her personality. The book's main focus of attention is the theory of capitalist development and the theory of the crash, but its connection with the theory of value, the theory of the monetary circuit, the theory of distribution and the theory of international finance are also explored. The contributors to the volume come from different theoretical perspectives, both from within and outside the Marxian tradition - Post-Keynesians, Kaleckians and Circuitists are all included.


Post Keynesian Price Theory

Post Keynesian Price Theory

Author: Frederic S. Lee

Publisher: Cambridge University Press

Published: 1999-02-04

Total Pages: 293

ISBN-13: 1139426974

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This book sets out the foundations of post-Keynesian price theory. Blending theory and analysis it is the first comprehensive assessment of post-Keynesian price theory and its foundations. Scholars and students will particularly welcome the emphasis on the non-neoclassical and non-equilibrium nature of post-Keynesian price theory.


The Complete Works of Rosa Luxemburg, Volume II

The Complete Works of Rosa Luxemburg, Volume II

Author: Rosa Luxemburg

Publisher: Verso Books

Published: 2016-08-23

Total Pages: 577

ISBN-13: 1784783927

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Rosa Luxemburg’s theoretical masterpiece The second volume in Rosa Luxemburg’s Complete Works, entitled Economic Writings 2, contains a new English translation of Luxemburg’s The Accumulation of Capital: A Contribution to the Economic Theory of Imperialism, one of the most important works ever composed on capitalism’s incessant drive for self-expansion and the integral connection between capitalism and imperialism. This new translation is the first to present the full work as composed by the author. It also contains her book-length response to her critics, The Accumulation of Capital, Or, What the Epigones Have Made Out of Marx’s Theory—An Anti-Critique. Taken together, these two works represent one of the most important Marxist studies of the globalization of capital. Also included is an essay on the second and third volumes of Marx’s Capital, which had originally appeared as an unattributed chapter in Franz Mehring’s book Karl Marx. Thank you to David Gaharia for helping to support the translation of this book.