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Keyword: ‘Roberto Fineschi’

“Crisis Theory, the Law of the Tendency of the Profit Rate to Fall, and Marx’s Studies in the 1870s”: Michael Heinrich

15/04/2013 Deja un comentario

The development of crisis theory within the Marxian tradition has been central to much of our work in the last several years. The view that the various fragmentary references to crisis theory in the three volumes of Capital constitute a fully developed coherent structure, which only requires diligent exegesis, is a view that has never seemed sensible to us.

Recent research into the evolution of Marx’s manuscripts in connection with the production of the Marx-Engels-Gesamtausgabe (MEGA), the historical-critical edition of the complete writings of Karl Marx and Friedrich Engels, has confirmed our understanding in a very exciting way. It is now clear that Marx never ceased to develop his thinking on the phenomena of crises in capitalism, and never ceased to discard earlier formulations; for example, at the end of his life he was focused on questions of credit and crisis. Monthly Review rarely presents its readers with discussions of economic theory at a relatively high degree of abstraction; this, however, is such an occasion. We trust that the author’s exemplary clarity will permit ready access to readers with any degree of interest in Marx’s theory; for those who wish to become familiar with the conceptual outline of Marx’s work, we cannot do better than to recommend the author’s An Introduction to the Three Volumes of Karl Marx’s Capital (Monthly Review Press, 2012). —The Editors

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“In Marx’s Laboratory. Critical Interpretations of the Grundrisse” Edited by Riccardo Bellofiore, Guido Starosta and Peter D. Thomas

22/03/2013 Deja un comentario

Edited by Riccardo Bellofiore, University of Bergamo, Italy, Guido Starosta, National University of Quilmes, Argentina, and Peter D. Thomas, Brunel University, London In Marx’s Laboratory. Critical Interpretations of the Grundrisse provides a critical analysis of the Grundrisse as a crucial stage in the development of Marx’s critique of political economy. Stressing both the achievements and limitations of this much-debated text, and drawing upon recent philological advances, this volume attempts to re-read Marx’s 1857-58 manuscripts against the background of Capital, as a ‘laboratory’ in which Marx first began to clarify central elements of his mature problematic. With chapters by an international range of authors from different traditions ofinterpretation, including the International Symposium on Marxian Theory, this volume provides an in-depth analysis of key themes and concepts in the Grundrisse, such as method, dialectics and abstraction; abstract labour, value, money and capital; technology, the ‘general intellect’ and revolutionary subjectivity, surplus-value, competition, crisis; and society, gender, ecology and pre-capitalist forms.

Contributors include: Chris Arthur, Luca Basso, Riccardo Bellofiore, George Caffentzis, Martha Campbell, Juan Iñigo Carrera, Howard Engelskirchen, Roberto Fineschi, Michael Heinrich, Fred Moseley, Patrick Murray, Geert Reuten, Tony Smith, Guido Starosta, Massimiliano Tomba, Jan Toporowski, Peter D. Thomas, Joel Wainwright, and Amy Wendling.

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“The Universal and the Particulars in Hegel’s Logic and Marx’s Capital”: Fred Moseley

16/01/2013 Deja un comentario

I have argued in a number of papers (please see References) that there are two main stages (or levels of abstraction) in Marx’s theory in Capital. The first stage has to do with the production of surplus-value and the determination of the total surplus-value, and the second stage has to do with the distribution of surplus-value and the division of the pre-determined total surplus-value into individual parts (equal rates of profit, commercial profit, interest, and rent). The total amount of surplus-value is determined at the first stage (the production of surplus-value) and then this predetermined magnitude is presupposed in the second stage (the distribution of surplus-value). This key quantitative presupposition of the prior determination of the total surplus-value is repeated many times, in all the drafts of Capital, as I have shown in my papers. Thus, there is a clear logical progression from the determination of the magnitude of the total surplus-value in the first stage to the determination of the individual parts in the second stage. Other authors who have presented similar interpretations of the production and distribution of surplus-value and the prior determination of the total surplus-value in Marx’s theory include Paul Mattick, Roman Rosdolsky, Enrique Dussel, David Yaffe, and Duncan Foley.

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