A Companion To Marx's Capital by David Harvey

By David Harvey

The novel geographer courses us throughout the vintage textual content of political economy.

“My goal is to get you to learn a ebook by means of Karl Marx known as Capital, quantity 1, and to learn it on Marx’s personal terms…”

The largest monetary concern because the nice melancholy has generated a surge of curiosity in Marx’s paintings within the attempt to appreciate the origins of our present main issue. for almost 40 years, David Harvey has written and lectured on Capital, changing into one of many world’s so much greatest Marx students.

Based on his fresh lectures, this present quantity goals to deliver this intensity of studying to a broader viewers, guiding first-time readers via a desirable and deeply profitable textual content. A better half to Marx’s Capital bargains clean, unique and occasionally serious interpretations of a booklet that modified the process background and, as Harvey intimates, could accomplish that back.

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The second peculiarity is that "concrete labour becomes the form of manifestation of its opposite, abstract human labour;' and the third peculiarity is that "private labour takes the form of its opposite, namely labour in its directly social form" (150). This means not only that the universal equivalent, the money commodity, is subject to the qualitative and quantitative problems that beset the production of any use-value, but that the production and marketing of the money commodity as well as its accumulation (eventually as capital) lie in private hands even as it performs its universalizing social function.

The material relation between the money and the lettuce expresses a social relation because the price-the "how much" -is socially determined, and the price is a monetary representation ofvalue. Hidden within this market exchange of things is a relation between you, the consumer, and the direct producers-those who labored to produce the lettuce. Not only do you not have to know anything about that labor or the laborers who congealed value in the lettuce in order to buy it; in highly complicated systems of exchange it 40 A COMPANION TO MARX'S CAPITAL is impossible to know anything about the labor or the laborers, which is why fetishism is inevitable in the world market.

Here the persons exist for one another" -note the echo of the fetishism argument-not as people, but "as representatives and hence owners, of commodities:' This leads him to make a broader point. Throughout Capital, "the characters who appear on the economic stage are merely personifications of economic relations;' and it is "as the bearers" -please note the recurrence of this term-"of these economic relations that they come into contact with each other" (178-9). Marx is concerned with the economic roles that 48 A COMPANION TO MARX'S CAPITAL people play, rather than with the individuals who play them.

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