By David Harvey
“My objective is to get you to learn a booklet by means of Karl Marx known as Capital, quantity 1, and to learn it on Marx’s personal terms…”
The greatest monetary situation because the nice melancholy has generated a surge of curiosity in Marx’s paintings within the attempt to appreciate the origins of our present problem. for almost 40 years, David Harvey has written and lectured on Capital, changing into one of many world’s so much finest Marx scholars.
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 spouse to Marx’s Capital bargains clean, unique and infrequently severe interpretations of a booklet that modified the process historical past and, as Harvey intimates, could accomplish that again.
David Harvey’s video lecture direction are available the following: davidharvey.org/reading-capital/
Read or Download A Companion to Marx's Capital PDF
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Additional resources for A Companion to Marx's Capital
153) This competition among the expression of worth and the realm of commodities, an competition that ends up in an “antinomy” among commodities and funds, needs to be interpreted as an externalization of whatever that's internalized in the commodity itself. as soon as externalized, the competition turns into specific. the connection among commodities and cash is a made from that dichotomy among use-value and exchange-value which we noticed as inner to the commodity on the very starting. So, what will we take from this? First, socially valuable labor-time can't function as a regulator of what's occurring at once, since it is a social relation. not directly, it is going to accomplish that throughout the medium of the money-form. moreover, the increase of the money-form is what allows worth to begin to crystallize out because the tenet of the way a capitalist economic climate will paintings. And, never forget, worth is immaterial yet aim. Now, this creates a substantial amount of difficulties for common-sense common sense that assumes price can truly be measured; even a few Marxist economists spend loads of time explaining how they could accomplish that. My argument will be: you can’t do it. whether it is immaterial, you can't degree it without delay. to discover worth in a commodity via simply a commodity is like looking for gravity in a stone. It basically exists in kin among commodities and simply will get expressed materially within the contradictory and problematical type of the money commodity. allow me now take a second to mirror additional at the prestige of the 3 basic innovations of use-value, exchange-value and cost that Marx units out. In doing so, i'm going to impose a few of my very own reflections that come up out of my particular pursuits, which you will settle for or reject as you love. those 3 diverse strategies internalize essentially diverse spatiotemporal referents. Use-values exist within the actual fabric global of items that may be defined in Newtonian and Cartesian phrases of absolute house and time. Exchange-values lie within the relative space-time of movement and alternate of commodities, whereas values might be understood simply by way of the relational space-time of the area marketplace. (The immaterial relational price of socially worthwhile exertions occasions comes into being in the evolving space-time of capitalist international improvement. ) yet as Marx has already convincingly proven, values can't exist with out exchange-values, and alternate can't exist with no use-values. the 3 thoughts are dialectically built-in with each other. within the related approach, the 3 varieties of absolute, relative and relational space-time are dialectically comparable in the historical-geographical dynamics of capitalist improvement. this is often my argument as a geographer. one of many significant effects is that the space-time of capitalism isn't really consistent yet variable (as occurs with speed-up and what Marx in other places calls “the annihilation of house by way of time”2 wrought via perpetual revolutions in delivery and communications). i will not chorus from injecting this into the dialogue on your attention!