Marx, Capital, and the Madness of Economic ReasonKarl Marx's Capital is one of the most important texts written in the modern era. Since 1867, when the first of its three volumes was published, it has had a profound effect on politics and economics in theory and practice throughout the world. But Marx wrote in the context of capitalism in the second half of the nineteenth century, and his assumptions and analysis need to be updated in order to address to the technological, economic, and industrial change that has followed Capital's initial publication. In Marx, Capital, and the Madness of Economic Reason, David Harvey not only provides a concise distillation of his famous course on Capital, but also makes the text relevant to the twenty-first century's continuing processes of globalization. This book serves as an accessible window into Harvey's unique approach to Marxism and takes readers on a riveting roller coaster ride through recent global history. It demonstrates how and why Capital remains a living, breathing document with an outsized influence on contemporary social thought. |
Contents
| 1 | |
2 Capital the book | 24 |
3 Money as the Representation of Value | 51 |
The Theory of Devaluation | 72 |
5 Prices without Values | 94 |
6 The Question of Technology | 107 |
7 The Space and Time of Value | 127 |
8 The Production of Value Regimes | 154 |
9 The Madness of Economic Reason | 172 |
Coda | 207 |
| 211 | |
Acknowledgements | 227 |
| 229 | |
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Common terms and phrases
activities anti-value becomes capital accumulation capital circulation capital’s capitalist capitalist mode China circulation of capital circulation of interest-bearing commodities competition consumption contradiction create creation credit system crises crisis cultural debt debt peonage devaluation distribution duction economic effective demand example fetish fictitious capital fixed capital flow free gifts global Grundrisse human increasing industrial capitalists innovations interest interest-bearing capital investments labour power labour process law of value machine Marx Marx’s means of production merchant capitalist mode of production monetary money capital money form monopoly movement nature needs and desires organisational form perfect competition political problem realisation recognised redeem regional value regimes relative surplus value rent reproduction role social relations socially necessary labour space space–time spatial struggles surplus labour surplus value production theory tion totality trade transformation turnover valorisation value and surplus value in motion value of labour value theory volume wage labour wealth workers world market