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Blunden Andy: Marx's Capital

Marx's Capital

Hegelian Sources

Contents

Preface xi

1 Marx’s Sources 1

1 Hegel’s Theory of Science 1

1.1 The Idea of the True 4

1.2 Hegel’s Social Theory 10

1.3 Right 10

1.4 Morality 11

1.5 The State and Ethical Life 11

2 Marx’s Use of History 12

2.1 Categorical Genealogy 16

3 Marx’s Critique of Ricardo 18

3.1 The Three Sources and Component Parts of Capital 22

2 Capital 23

1 Marx’s Capital Volume One: the Process of Production of Capital 23

1.1 Part I. Commodities and Money 23

1.1.1 Chapter 1 §1, the Two Factors of a Commodity:

Use-Value and Value 23

1.1.2 Summary of Capital, Volume One, Chapter 1 28

1.1.3 Chapter 2. Exchange 29

1.1.4 Chapter 3. Money 30

1.1.5 Summary of Part I 30

1.2 Part II. The Transformation of Money into Capital 31

1.2.1 Chapter 4. The General Formula for Capital 31

1.2.2 Chapter 5. Contradictions in the General Formula

of Capital 33

1.2.3 Chapter 6. The Buying and Selling of Labour-Power 34

1.2.4 Summary of Part II 37

1.3 Part III. The Production of Absolute Surplus-Value 38

1.3.1 Chapter 7. The Labour-Process &amp; Process of Producing

Surplus-Value 38

1.3.2 §2. The Production of Surplus Value 39

1.3.3 Conclusion from Chapter 7 40

1.3.4 Chapter 8. Constant Capital and Variable Capital 41

1.3.5 Chapter 9. The Rate of Surplus-Value 42

1.3.6 Chapter 10. The Working Day 43

1.3.7 Chapter 11. The Rate and Mass of Surplus-Value 43

1.3.8 Summary of Part III 45

1.4 Part IV. The Production of Relative Surplus-Value 47

1.4.1 Chapter 12. The Concept of Relative Surplus-Value 47

1.4.2 Chapter 13. Co-operation 49

1.4.3 Chapter 14. Division of Labour and Manufacture 50

1.4.4 Chapter 15. Machinery and Modern Industry 50

1.5 Part V. The Production of Absolute and of Relative

Surplus-Value 50

1.5.1 Chapter 16. Absolute and Relative Surplus Value 50

1.6 Part VI. Wages 52

1.6.1 The Remaining Parts of Volume One of Capital 52

1.7 Capital Volume One, Conclusion 54

2 Marx’s Capital Volume Two: the Process of Circulation of Capital 59

2.1 Part I. The Metamorphoses of Capital and Their Circuits 60

2.1.1 Chapter 1. The Circuit of Money Capital 60

2.1.2 Chapter 2. The Circuit of Productive Capital 62

2.1.3 Chapter 3. The Circuit of Commodity-Capital 63

2.1.4 Summary of Part I 64

2.2 Part II. The Turnover of Capital 65

2.2.1 Chapter 7. The Turnover Time and Number of

Turnovers 65

2.2.2 Chapter 8. Fixed Capital and Circulating Capital 65

2.3 Part III. The Reproduction and Circulation of Aggregate

Social Capital 66

2.4 Summary of Volume Two 68

3 Marx’s Capital Volume Three: the Process of Capitalist Production

as a Whole 70

3.1 Part I. The Conversion of Surplus-Value into Profit and of the Rate

of Surplus-Value into the Rate of Profit 71

3.1.1 Chapter 1. Cost-Price and Profit 73

3.1.2 Chapter 2. The Rate of Profit 74

3.1.3 Chapter 3. The Relation of Rate of Profit to Rate

of Surplus-Value 74

3.1.4 Chapter 4. The Effect of the Turnover on the Rate

of Profit 74

3.1.5 Chapter 5. Economy in the Employment of Constant

Capital 74

3.1.6 Chapter 6. The Effect of Price Fluctuations 75

3.1.7 Chapter 7. Supplementary Remarks 75

3.2 Part II. Conversion of Profit into Average Profit 75

3.2.1 Chapter 8. Different Compositions of Capitals in

Different Branches of Production and Resulting

Differences in Rates of Profit 75

3.2.2 Chapter 9. Formation of a General Rate of Profit

(Average Rate of Profit) and Transformation of the

Values of Commodities into Prices of Production 76

3.2.3 Chapter 10. Equalisation of the General Rate of Profit

through Competition. Market-Prices and Market-Values.

Surplus-Profit 79

3.2.4 Chapter 11. Effects of General Wage Fluctuations on

Prices of Production 81

3.2.5 Chapter 12. Supplementary Remarks 81

3.3 Part III. The Law of the Tendency of the Rate of Profit to Fall 83

3.3.1 Chapter 13. The Law as Such 84

3.3.2 Chapter 14. Counteracting Influences 84

3.3.3 Chapter 15. Exposition of the Internal Contradictions of

the Law 85

3.4 Part IV. Conversion of Commodity-Capital and Money-Capital

into Commercial Capital and Money-Dealing Capital

(Merchant’s Capital) 86

3.4.1 Chapter 16. Commercial Capital 86

3.4.2 Chapter 17. Commercial Profit 88

3.4.3 Chapter 18. The Turnover of Merchant’s Capital.

Prices 89

3.4.4 Chapter 19. Money-Dealing Capital 89

3.5 Part V. Division of Profit into Interest and Profit of Enterprise:

Interest-Bearing Capital 90

3.5.1 Chapter 21. Interest-Bearing Capital 90

3.5.2 Chapter 22. Division of Profit. Rate of Interest. Natural

Rate of Interest 93

3.5.3 Chapter 23. Interest and Profit of Enterprise 93

3.5.4 Chapter 24. Externalisation of the Relations of Capital

in the Form of Interest-Bearing Capital 95

3.5.5 Chapter 25. Credit and Fictitious Capital 95

3.5.6 Chapter 27. The Role of Credit in Capitalist

Production 95

3.5.7 Chapter 30–35. Money-Capital and Real Capital 97

3.5.8 Chapter 36. Pre-capitalist Relationships 98

3.6 Part VI. Transformation of Surplus-Profit into Ground-Rent 98

3.6.1 Chapter 37. Introduction 98

3.6.2 Chapter 38–44. Differential Rent 99

3.6.3 Chapter 45. Absolute Ground-Rent 99

3.6.4 Chapter 46. Building Site Rent. Rent in Mining. Price

of Land 100

3.6.5 Summary of Parts V and VI 100

3 Overview and Reflections 102

1 Marx’s Capital: Overview 102

1.1 The Division of the Material by Forms of Ethical Life 102

1.1.1 Bourgeois Society 102

1.1.2 Productive Capitalism 102

1.1.3 Finance Capital 103

1.2 The Logical Division of the Subject Matter 103

1.2.1 The Immediate Production of Capital 103

1.2.2 The Circulation of Capital 104

1.2.3 The Process of Capitalist Production as a Whole 105

1.3 Analysis by Units 106

1.3.1 The Commodity (v.1 Part I) 106

1.3.2 The Embryo Capitalist, Moneybags (v.1 Part II) 107

1.3.3 Unpaid Labour Time (v.1 Part III) 107

1.3.4 The Necessary Labour Time (v.1 Part IV) 107

1.3.5 Productive Labour (v.1 Part V) 108

1.3.6 The Day’s Wage (v.1 Part VI) 108

1.3.7 The Circuit of Capital (v.2 Part I) 108

1.3.8 The Turnover Time of Capital (v.2 Part II) 108

1.3.9 The Unity of Circulation and Production

(v.2 Part III) 108

1.3.10 Cost-price and Price of Production (v.3 Part I) 109

1.3.11 The Average Rate of Profit (v.3 Part II) 109

1.3.12 Accumulated Constant Capital (v.3 Part III) 109

1.3.13 The Commercial Capitalist (v.3 Part IV) 109

1.3.14 The Finance Capitalist (v.3 Part V) 109

1.3.15 The Landowner (v.3 Part VI) 110

2 Marx’s Capital: Outstanding Issues 110

2.1 Commodities 111

2.2 Precarity and Gig Work 113

2.3 The Advertising Industry 114

2.4 State Intervention 115

2.5 Summary 116

3 Reflection 116

3.1 The Capital/Logic Debate 116

3.2 My Journey to Capital 117

4 Conclusion 120

References 123

Index 124

Part life philosophy, part financial clarity, and part real-world wisdom from a hugely popular estate planning attorney who has seen what happens when families plan and when they don't. I'm Sorry I'm Dead helps readers confront the reality of life's end, not in a morbid way, but in a deeply empowering one. Estate planning attorney, entrepreneur, and best-selling author Pamela Maass Garrett aka Law Mother has helped thousands of families navigate what happens when someone dies. She has seen firsthand that the biggest problems families face are rarely legal: they are emotional, relational, and the result of decisions never made . . . siblings that stop speaking over a dispute about their parent's home, a grieving widow locked out of bank accounts because she didn't know how to get access, and families forced to guess about critical medical decisions. All of these problems can be easily avoided. In this book, Garrett introduces a powerful mindset shift: when you face the end of life honestly, you begin living more intentionally today. Through compelling stories from real families, practical financial insights, and simple decision-making frameworks, readers learn how to take control of their lives before circumstances take control of them. The book guides readers through the most important life decisions most people avoid: · how to organize finances and build real wealth · how to protect loved ones legally and emotionally · how to make difficult family decisions before crisis strikes · how to prevent conflict, confusion, and regret after death · how to create a legacy that strengthens future generations rather than unintentionally burdening them with a huge tax bill · what you really can and can't do Rather than overwhelming readers with technical legal details, I'm Sorry I'm Dead offers a clear philosophy and practical tools for making the decisions that matter most. The result is a life lived with greater clarity, stronger relationships, and the peace of knowing the people you love will be protected. This book is for anyone who wants to stop drifting through life and start deciding it.

How to Use Estate Planning to Protect Your Loved Ones, Face Your Mortality and Transform the Way You Live

I’m Sorry I’m Dead . . . Now What?

This book discusses the 'theory of dematerialised property', a constructivist property theory that applies to tangible and intangible property alike. It explains the way in which this theory regards 'property' as a creation of the law, whereby the property object (res) is a normative conception brought into existence by the property rights in it, and an actual corporeal thing is merely a practical incidence of the abstract-normative idea of the property object. The discussion of dematerialised property is founded on a theoretical examination of definitions, terminologies and concepts of property, particularly ownership and possession, and restricted real rights, as well as a comparative law overview of concepts of ownership and the acquisition and transfer of property rights in the different Common law and Civil law property systems. The concept of dematerialised property serves as a good theoretical basis for explaining and defining forms of tangible and particularly intangible property, like debts, money and shares, and modern forms of property, such as electronic money, non-fungible tokens or data. The book also features the ideas of property theorists in law and in political philosophy, such as the classical theories by Grotius, Pufendorf, Locke and Hegel, and it revisits modern legal theories of property. It then deals with economic, sociological and psychological dimensions of property which are behind the legal concept of property, aspects that are generally disregarded in traditional texts on property theory.

Theories about the Nature and Concept of Property

The Laws of Property

Corporatism and Neoliberalism in a Global Era

The World Economic Forum and COVID-19

What goals are still feasible for the politics of emancipation on a ruined planet? This is where we are. Today's techno-oligarchs are not concerned with saving the planet; rather, they have accepted the end of progress and are focused on safeguarding their wealth in the face of an impending political and ecological collapse. Artificial intelligence and algorithms make decisions for us. Climate breakdown has long steamed past the wreckage of the Paris Agreement. Perhaps the accelerationists have the right idea. Accelerationism - which aims to resolve the current crisis through the intensification of technological development - is the only philosophy not clinging to the now-extinct idea of progress. The idea has gained ground on both the left and right: but the right-wing is shot through with misanthropy, while the left remains entangled in a faith in technological progress and the domination of nature. Transcending capitalism at the end of progress requires a synthesis of the two. The result of this synthesis: Dark Socialism. From 'rock star philosopher' Kohei Saito comes an anticapitalist clarion call for our breakneck times, channeling despair into a socialist project equal to the end of progress.

Hope in a Ruined World

Dark Socialism

In striking black-and-white portraits, dozens of survivors of Michigan's cruel sentencing of children to life without parole-now free adults-are portrayed with irrepressible dignity&nbsp; 
 
The United States is the only country in the world that sentences children to serve time in adult prisons without the possibility of parole. The portrayal of children in conflict with the law, particularly children of color, as inherently threatening, dangerous, and adult-like has been key to denying these youth a second chance and foundational in justifying their cruel and excessive punishment in the criminal legal system.. 
 
In&nbsp;Morning from Now On, LaBelle, himself a survivor of childhood incarceration, cocreates astute and nuanced portraits with more than fifty of the hundreds of people in Michigan incarcerated as children. Accompanying essays provide critical context on the history of and impact on a society that locks away our children. 
 
In witnessing these survivors' yearning for freedom, the obstacles they face upon reentry, as well as the wonder and joy of being reunited with their families and communities, this collection reminds us of their unfathomable losses and calls on us to cherish&nbsp;all&nbsp;our children. 
 
With contributions by Jose Burgos, Bernardine Dohrn, Xavier McElrath-Bey, Timothy Connors, and Alison Leal Parker

Portraits of Life after Juvenile Incarceration

Morning from Now On

The award-winning author of The Entrepreneurial State and Mission Economy offers a scathing indictment of a global financial system that incentivizes taking over making and extraction over creation "A stimulating analysis of the underlying causes of inequality and growth which forces us to confront long-held beliefs about how economies work and who benefits." -Martin Wolf, Financial Times The Value of Everything is a penetrating and passionate argument that modern capitalism has failed to clearly delineate between value creation and value extraction. As economist Mariana Mazzucato shows, from Silicon Valley to Wall Street and beyond, foggy notions of value create confusion between rents and profits, reward extractors rather than creators, and distort the measurements of growth and GDP. Asset management companies profit exorbitantly off of income generated elsewhere; big pharma uses value-based pricing to justify astronomically high prices for vital medicines that are publicly funded. In the process, innovation suffers and inequality widens. Now updated with a new preface, The Value of Everything reignites the debate over how we measure value in our society-and in so doing, shows how we can shape our economy to be more innovative and inclusive.

Making and Taking in the Global Economy

The Value of Everything

A textbook that examines how societies reach decisions about the use and allocation of economic resources While economic research emphasizes the importance of governmental institutions for growth and progress, conventional public policy textbooks tend to focus on macroeconomic policies and on tax-and-spend decisions. Markets, State, and People stresses the basics of welfare economics and the interplay between individual and collective choices. It fills a gap by showing how economic theory relates to current policy questions, with a look at incentives, institutions, and efficiency. How should resources in society be allocated for the most economically efficient outcomes, and how does this sit with society's sense of fairness? Diane Coyle illustrates the ways economic ideas are the product of their historical context, and how events in turn shape economic thought. She includes many real-world examples of policies, both good and bad. Readers will learn that there are no panaceas for policy problems, but there is a practical set of theories and empirical findings that can help policymakers navigate dilemmas and trade-offs. The decisions faced by officials or politicians are never easy, but economic insights can clarify the choices to be made and the evidence that informs those choices. Coyle covers issues such as digital markets and competition policy, environmental policy, regulatory assessments, public-private partnerships, nudge policies, universal basic income, and much more. Markets, State, and People offers a new way of approaching public economics. <ul><li>A focus on markets and institutions </li><li>Policy ideas in historical context </li><li>Real-world examples </li><li>How economic theory helps policymakers tackle dilemmas and choices </li></ul>

Economics for Public Policy

Markets, State, and People

A definitive collection of essays by one of the leading living theorists of social power, brought together here for the first time. In this consolidated summation of his works, Steven Lukes reflects on the central questions and changing nature of 'the power debate' as it has evolved since the publication of his seminal work Power: A Radical View. Including six essays on power as it relates to central themes of truth, domination and moral responsibility, and engaging with nine influential recent and contemporary theorists of power, Power and Domination and Other Essays provides a major critique of a debate that remains as alive and contentious as ever. Bringing up to date Lukes's work on power in one accessible volume, this book is an essential companion to Power: A Radical View, now in its third edition, and useful for all undergraduate and postgraduate students of the history of social and political thought, political science and political sociology.

Power and Domination and Other Essays

Global Law and Sustainable Development

Given the significant developments in Indian economic and trade policymaking over the last two decades, this book provides an authoritative and timely analysis of the transformation and current state of India's foreign economic policy. The work presents a comprehensive, informed and critical overview of negotiating issues addressed in the recent period leading up to the substantial conclusion of the Trade Facilitation Agreement. The volume also takes into account the geopolitical considerations that influenced the negotiations. Finally, the reform steps being taken by India need to be understood in light of the structural changes in the economy, fuelling domestic compulsion, and the analysis covers this undercurrent in detail. The book will be a valuable guide to academics, researchers and policy-makers working in the areas of international trade law, development economics and global politics.

Deciphering the Law, Economics and Politics

India’s Foreign Economic Policy

New Frontiers in Regional Science: Asian Perspectives

This book integrates diversified disciplines, research approaches, and methodologies of area studies, regional economic development, and regional science. With its huge population, China has accomplished rapid economic growth since the 1990s, although the significant income gap among regions and individuals has become a serious problem for its society. China's accession to the WTO in 2001 has had various influences on the entire food system, from agriculture to consumers, through the food manufacturing and distribution industries. The changes in the Chinese food system are considered to have also affected the agriculture and food industries in Asian countries where economic interdependence has been promoted in past decades. The author argues these issues based on interdisciplinary and multi-disciplinary methods and approaches and has successfully derived empirical and theoretical results that are rich in policy implications. The topics addressed include food security and sustainability of agriculture especially in the suburbs of big cities; poverty reduction in rural agricultural areas amidst prosperity in urban and coastal areas; regional networks and international trade of the food industry in East Asia; creation of innovative knowledge and human capital for clustering of the agro-food sector; regional development strategy; and international cooperation. The book is interesting for researchers in the field, especially for those who are concerned with the food system that has been changed dynamically in the past two decades, and it is informative, as well, for practitioners who are engaged in related business.

Global Trends and Dynamism of China's Agro-Food System

From the author of&nbsp;A People's Guide to Capitalism, a clear-eyed look at the world of cryptocurrencies, cutting through the glitz and the scams to reveal how crypto mirrors and exacerbates the crises of capitalism 
 
Cryptocurrencies have gone from being fringe investments relevant only to hardcore adherents to a multi-trillion industry with a direct line to Donald Trump's White House. The promises of crypto are wide-ranging, preying on a basic reality: people are alienated by an economic system that has excluded them and wonder if cryptocurrencies can offer a more transparent and inclusive alternative. 
 
Enter&nbsp;Crypto-Capitalism, Hadas Thier's deft, accessible examination of the rise and fall and rise again of crypto. Drawing on years of reporting on the industry, its insiders, and the ordinary people impacted by its wild peaks and busts, Thier explains how cryptocurrencies work, elucidates the context and implications of their rise, and debunks the utopian mythology that animates their boosters. 
 
By showing that systemic exploitation and domination are inherent in a crisis-ridden capitalist economy and are matters of class power, not technology, Thier convincingly cuts through the froth and the lies of financial dystopia. Along the way, she exposes the dangerous consequences of crypto's rise and offers alternative avenues for imagining what economic democracy could actually be.

The New Financial Dystopia

Crypto-Capitalism

Marx's Capital

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