Money in contemporary capitalism and the autonomisation of capitalist forms in Marx’s theory

Leda Paulani

Cambridge Journal of Economics, 2014, vol. 38, issue 4, 779-795

Abstract: If we adopt a dialectical reading of Marx’s theory of money, we can see that money contains within it the contradiction of commodity itself (between use-value and value) and in so doing, it contains different strata of contradiction that logically and historically have come to the fore. In this process, the capitalist forms (e.g., money, means of circulation, inconvertible money) seem to be stronger than their counterparts (social forms), and because of this, there is a movement towards an autonomisation of these forms. This article aims to show that these movements may be behind some of the contemporary phenomena we are currently observing in the circulation of capital. Recent literature dealing with these themes will also be discussed.

Date: 2014
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