This ambitious book presents a comprehensive new 'macro-monetary' interpretation of Marx’s logical method in Capital, based on substantial textual evidence, which emphasises two main points: (1) Marx’s theory is primarily a macroeconomic theory of the total surplus-value produced in the economy as a whole; and (2) Marx’s theory is a monetary theory from beginning to end and the circuit of money capital – M - C - M’ – is the logical framework of Marx’s theory. It follows from this 'macro-monetary' interpretation that, contrary to the prevailing view, there is no 'transformation problem' in Marx’s theory; i.e., Marx did not 'fail to transform the inputs of constant capital and variable capital' in his theory of prices of production in Part 2 of Volume III.
Marx’s only full draft of Volume III of Capital was written in the Economic Manuscript of 1864—1865. The Volume III that we know was heavily edited by Engels. It has been a long-standing question in Marxian scholarship whether or not there are significant differences between Marx’s original manuscript and Engels’s edited version. Marx’s manuscript was published for the first time in German in 1992 in the Marx/Engels Gesamtausgabe, Section II, Volume 4.2, but this important manuscript has not previously been translated into English. The publication of this English translation of Marx’s original manuscript is thus an important event in Marxian scholarship. English-speaking Marxist scholars can finally compare Engels’s Volume III with Marx’s original manuscript and evaluate for themselves the significance of the differences.
Recent attempts to revitalize Hegel's social and political philosophy have tended to be doubly constrained: firstly, by their focus on Hegel's Philosophy of Right; and secondly, by their broadly liberal interpretive framework. Challenging that trend, Arash Abazari shows that the locus of Hegel's genuine critical social theory is to be sought in his ontology – specifically in the 'logic of essence' of the Science of Logic. Mobilizing ideas from Marx and Adorno, Abazari unveils the hidden critical import of Hegel's logic. He argues that social domination in capitalism obtains by virtue of the illusion of equality and freedom; shows how relations of opposition underlie the seeming pluralism in capitalism; and elaborates on the deepest ground of domination, i.e. the totality of capitalist social relations. Overall, his book demonstrates that Hegel's logic can and should be read politically.
Representing Capital, Fredric Jameson’s first book-length engagement with Marx’s magnum opus, is a unique work of scholarship that records the progression of Marx’s thought as if it were a musical score. The textual landscape that emerges is the setting for paradoxes and contradictions that struggle toward resolution, giving rise to new antinomies and a new forward movement. These immense segments overlap each other to combine and develop on new levels in the same way that capital itself does, stumbling against obstacles that it overcomes by progressive expansions, which are in themselves so many leaps into the unknown.
Since the latest crisis of capitalism broke out in 2008, Marx has been back in fashion, and sometimes it seems that his ideas have never been as topical, or as commanding of respect and interest, as they are today. This edited collection arises from one of the largest international conferences dedicated to the bicentenary of Marx’s birth. The volume contains 16 chapters authored by globally renowned scholars and is divided into two parts: I) On the Critique of Politics; II) On the Critique of Political Economy. These contributions, from multiple academic disciplines, offer diverse perspectives on why Marx is still so relevant for our times and make this book a source of great appeal for both expert scholars of Marx as well as students and general readers who are approaching his theories for the first time.
A dollar is a dollar—or so most of us believe. Indeed, it is part of the ideology of our time that money is a single, impersonal instrument that impoverishes social life by reducing relations to cold, hard cash. After all, it's just money. Or is it? Distinguished social scientist and prize-winning author Viviana Zelizer argues against this conventional wisdom. She shows how people have invented their own forms of currency, earmarking money in ways that baffle market theorists, incorporating funds into webs of friendship and family relations, and otherwise varying the process by which spending and saving takes place. Zelizer concentrates on domestic transactions, bestowals of gifts and charitable donations in order to show how individuals, families, governments, and businesses have all prescribed social meaning to money in ways previously unimagined.
The republication of Suzanne de Brunhoff’s classic investigation into Karl Marx’s conception of “the money commodity” shines light on commodities and their fetishism. The investigation of money as the crystallization of value in its material sense is central to how we understand capitalism and how it can be abolished. Marx on Money is an elegant analysis of how money, credit, debt and value fit into the “logic of capital” that characterizes commodity society.
Why is money more valuable than the paper on which it is printed? Monetarists link the value of money to its supply and demand, believing the latter depends on the total value of the commodities it circulates. According to Prabhat Patnaik, this logic is flawed. In his view, in any nonbarter economy, the value we assign to money is determined independently of its supply and demand. Through an original and provocative critique of monetarism, Patnaik advances a revolutionary understanding of macroeconomics that highlights the "propertyist" position of Karl Marx and John Maynard Keynes. Unlike the usual division between "classical" economists (e.g., David Ricardo and Marx) and the "marginalists" (e.g., Carl Menger, William Stanley Jevons, and Léon Walras), Patnaik places "monetarists," including Ricardo, on one side, while grouping propertyist writers like Marx, Keynes, and Rosa Luxemburg on the other. This second group subscribes to the idea that the value of money is given from outside the realm of supply and demand, therefore making money a form in which wealth is held. The fact that money is held as wealth in turn gives rise to the possibility of deficiency of aggregate demand under capitalism. It is no accident that this possibility was highlighted by Marx and Keynes while going largely unrecognized by Ricardo and contemporary monetarists. At the same time, Patnaik points to a weakness in the Marx-Keynes tradition namely, its lack of any satisfactory explanation of why the value of money, determined from outside the realm of supply and demand, remains relatively stable over long stretches of time. The answer to this question lies in the fact that capitalism is not a self-contained system but is born from a precapitalist setting with which it interacts and where it creates massive labor reserves that, in turn, impart stability to the value of money. Patnaik's theory of money, then, is also a theory of imperialism, and he concludes with a discussion of the contemporary international monetary system, which he terms the "oil-dollar" standard.
This book provides a wide-ranging and in-depth reappraisal of the relation between Marx’s economic theory in Capital and Hegel’s Logic by leading Marxian economists and philosophers from around the world. The subjects dealt with include: systematic dialectics, the New Dialectics, materialism vs. idealism, Marx’s ‘inversion’ of Hegel, Hegel’s Concept logic (universality-particularity-singularity), Hegel’s Essence logic (essence-appearance), Marx’s levels of abstraction of capital in general and competition, and capital as Hegelian Subject. The papers in this volume were originally presented at the 22nd annual meeting of the International Symposium on Marxian Theory at Mount Holyoke College in August 2011. The twelve authors are divided between seven economists and five philosophers, as is fitting for the interdisciplinary subject of the relation between Marx’s economic theory and Hegel’s logic. Contributors are: Chris Arthur, Riccardo Bellofiore, Roberto Fineschi, Gastón Caligaris, Igor Hanzel, Juan Iñigo Carrera, Mark Meaney, Fred Moseley, Patrick Murray, Geert Reuten, Mario Robles, Tony Smith, and Guido Starosta.
From David Puttnam—producer of such modern film classics as Chariots of Fire, The Killing Fields, Midnight Express, and The Mission, and the only European to have run a major Hollywood studio—an insightful and provocative history that explains the personalities and events which shaped film's transformation from a technological curiosity into one of the world's most powerful cultural and economic forces. From the early rivalry between its inventors to the power-brokering and political influence of today's mega-stars; from Zukor and Laemmle to Ovitz and Eisner; from the serendipitous discovery of Los Angeles ("flagstaff no good," wired Cecil B. De Mille. "want authority to rent barn for $75 a month in place called hollywood") to the exploitation and depredation of Europe's film culture in the name of the marketplace, Puttnam captures the urgency and wonder that swept through a young industry and set it spinning on an axis of money and power. Movies and Money chronicles the unprecedented collision between art and commerce, and incisively analyzes its implications in today's global arena. Puttnam's engaging history is also an impassioned polemic: From the moment Thomas Edison stole the first crude attempt at a movie camera from the French scientist Étienne Jules Marey, Hollywood and Europe have existed, the author claims, in a state of undeclared hostility—hostility that has occasionally erupted into open battle for control of the century's most powerful artistic medium. And this battle, he contends, will ultimately determine the nature of Europe's cultural identity. He also argues forcefully for the intelligent application of the language and techniques of cinema to education, urging filmmakers to make films that challenge and inspire as well as entertain. Ten years after his abrupt departure from Columbia, Puttnam re-enters the debate about cinema with characteristic audacity, with the irreverence of an iconoclast and the canniness of a seasoned player. Movies and Money is a book that will change our understanding of the history—and future—of film.
