Exchange Relationships in Feudal and Capitalist Society

David McLellan
Additional contact information
David McLellan: University of Kent

Chapter 17 in Marx’s Grundrisse, 1980, pp 113-125 from Palgrave Macmillan

Abstract: Abstract Money has in fact only been turned into capital at the end of the first production process which results in its reproduction and the new production of surplus capital I. But surplus capital I is itself only established as surplus capital, and realised as such, once it has produced surplus capital II; once, in fact, the prerequisites of the transition of money into capital, which are still external to the movement of real capital, have disappeared, and capital has in fact established the conditions, in line with its inherent nature, for entering production. Once we assume this production is founded on capital, the condition that the capitalist must introduce into circulation values that he has created — whether through his own labour or otherwise, since he does not yet have available wage-labour, either present or past — in order to set himself up as a capitalist, now belongs to the antediluvian conditions of capital; it belongs to its historical prerequisites, which already as such are past, and thus belong to the history of its development and not in any way to its contemporary history, i.e. not to the real system of the mode of production that it controls. If, for example, the flight of the serfs to the towns was one of the historical conditions and prerequisites of the urban system, it ceases to be a condition, and a factor in its reality, once the towns have developed.

Keywords: Objective Condition; Exchange Relationship; Personal Service; Capitalist Society; Labour Power (search for similar items in EconPapers)
Date: 1980
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-349-05221-9_18

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349052219

DOI: 10.1007/978-1-349-05221-9_18

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().