Money as Capital

Adalbert G. Lallier
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Adalbert G. Lallier: Concordia University

Chapter 4 in The Economics of Marx’s Grundrisse, 1989, pp 75-78 from Palgrave Macmillan

Abstract: Abstract These excerpts from the lengthy introductory paragraph to the Chapter On Capital are indicative of the way Marx sets the stage for his reflections on the linkage between money and capital. He brings forth three main concepts concerning money: (1) money has three major functions; (2) money has use value as well as exchange value; (3) money is also the merely perceptible appearance of the contradictions inherent in bourgeois society. The first two concepts are generally known and find Marx’s acceptance, but he is critical of those propositions which seek to remove the contradictions — as if they had been caused by money.

Date: 1989
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DOI: 10.1007/978-1-349-20171-6_5

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