A Companion To Marx's Capital by David Harvey PDF

By David Harvey

ISBN-10: 1844673596

ISBN-13: 9781844673599

The unconventional geographer publications us throughout the vintage textual content of political economy.

“My target is to get you to learn a publication through Karl Marx known as Capital, quantity 1, and to learn it on Marx’s personal terms…”

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

Based on his contemporary lectures, this present quantity goals to deliver this intensity of studying to a broader viewers, guiding first-time readers via a desirable and deeply worthwhile textual content. A spouse to Marx’s Capital deals clean, unique and infrequently severe interpretations of a publication that modified the process background and, as Harvey intimates, may well achieve this back.

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Capitalism has no way of registering intrinsic, "natural" values in its calculus. "Since exchange-value is a definite social manner of expressing the labour bestowed on a thing, it can have no more natural content than has, for example, the rate of exchange"; it is illusory to believe, for example, that "ground rents grow out of the soil, not out of society" (176). Bourgeois political economy looks at the surface appearance. Insofar as it had a labor theory of value, it never probed deeply into its meaning or the historical circumstances of its emergence.

If you have the use-value of it, then it is difficult to get access to the �xchange-value, unless you do a reverse mortgage or take out a home-equity loan. Does adding to the use­ value of the house for oneself add to the potential exchange-value? ) And what happens to our social world when the house that was once conceptualized mainly in use-value terms as a home becomes reconceptualized as a way to build long-term savings (a capital asset) for a working-class family or even as a vehicle to be «flipped" b y anyone who has access to credit for short-term speculative gain?

Since there are as many commodities as there are people and exchanges, there are as many equivalents as there are commodities and exchanges. All Marx really wants to show here is that the act of exchange always has a dual character-the poles of relative and equivalent forms­ in which the equivalent commodity figures "as the embodiment of abstract human labour" (150). The opposition between use-value and value, hitherto internalized within the commodity, "gets represented on the surface by an external opposition" between one commodity that is a use-value and another that represents its value in exchange (153).

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A Companion To Marx's Capital by David Harvey

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