From Natural Order to Case. Money and Machineries

Giorgio Lunghini ()
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Giorgio Lunghini: IUSS, Pavia

European Journal of Economic and Social Systems, 2008, vol. 21, issue 2, 165-178

Abstract: Political economy is characterized by two extreme and juxtaposed visions concerning the capitalistic system. Upheld both by Classic and Neoclassic, the hegemonic vision maintains that the economic system rests on either a natural order or moral principles that lead it towards a unique and stable configuration of (general) equilibrium. Money and machinery are the main institutions of the capitalist mode of production, but only the critical theories understood the different way of utilizing them by the capitalists, and that these institutions embodied the capitalist form of power.

Keywords: Political Economy; Money; Machineries; Marx; Equilibrium (search for similar items in EconPapers)
JEL-codes: B51 E40 P12 P16 (search for similar items in EconPapers)
Date: 2008
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