Money, Interest and Finance in Marx’s Capital

Suzanne Brunhoff

Chapter 11 in Marxian Economics: A Reappraisal, 1998, pp 176-188 from Palgrave Macmillan

Abstract: Abstract According to Marx, money capital, lent by its capitalist owner to an industrial capitalist, is ‘potential capital’. Interest payments made by borrowers to lenders are part of the global surplus value produced by labourers and appropriated by capitalists. There is no law of division of surplus value between profit and interest, no natural interest. Interest-bearing capital becomes a commodity sui generis. Its market price, the interest rate, is an irrational form of price. As a market price, the interest rate seems to arise from money capital as its own independent source.

Keywords: Banking System; Financial Capital; Credit System; Industrial Capital; Capitalist Class (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26118-5_11

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DOI: 10.1007/978-1-349-26118-5_11

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