EconPapers    
Economics at your fingertips  
 

Forever young Marx's Critique of political economy after 200 years

Riccardo Bellofiore ()
Additional contact information
Riccardo Bellofiore: University of Bergamo

PSL Quarterly Review, 2018, vol. 71, issue 287, 353-388

Abstract: This article suggests a reconstruction of Marx's Critique of political economy as a macro-monetary theory of capitalist production. The first part of what follows will provide a sort of methodological introduction to Das Kapital. I am questioning the meaning of critique versus criticism, the distinction between fetish-character and fetishism, the role of dialectics, and the difference between reading, interpreting and reconstructing. I will focus especially on volume I. At the centre of the discussion are: the multiple meanings of abstract labour and socialization, the role of money as a commodity for the labour theory of value, the method of comparison in grounding valorisation (the emergence of gross profits) as the constitution of capital from class struggle in production, the unity of absolute and relative surplus value extraction, the key notion of Technologie in the real subsumption of labour to capital, the law of the tendential fall in relative wage, Marx?s two notions of competition, and the macro-monetary class perspective in capitalist reproduction crucial to Capital, volume I. Some considerations are devoted to the transformation problem, the so-called New Interpretation, and crisis theory.

Keywords: Marx; value; money; crisis; macro-monetary theory of capitalist production (search for similar items in EconPapers)
JEL-codes: B14 B24 B51 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/14580/14174 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:psl:pslqrr:2018:41

Ordering information: This journal article can be ordered from
http://www.pslquarterlyreview.info

Access Statistics for this article

PSL Quarterly Review is currently edited by Alessandro Roncaglia and Carlo D'Ippoliti

More articles in PSL Quarterly Review from Economia civile
Bibliographic data for series maintained by Carlo D'Ippoliti ().

 
Page updated 2020-07-18
Handle: RePEc:psl:pslqrr:2018:41