Search results
Results from the WOW.Com Content Network
Fictitious capital (German: fiktives Kapital) is a concept used by Karl Marx in his critique of political economy. It is introduced in chapter 25 of the third volume of Capital . [ 1 ] Fictitious capital contrasts with what Marx calls "real capital", which is capital actually invested in physical means of production and workers, and "money ...
Balomenos, Christos [2024] Did Engels’ editing of Capital, Volume 3 distort Marx's analysis of the ‘tendency of the rate of profit to fall’? in Capital & Class 1–21 2024; Bell, Peter and Cleaver, Harry [1982] Marx's Theory of Crisis as a Theory of Class Struggle first published in 'Research in Political Economy', Vol 5(5): 189–261, 1982
Overaccumulation is one of the potential causes of the crisis of capital accumulation.In crisis theory, a crisis of capital occurs due to what Karl Marx refers to as the internal contradictions inherent in the capitalist system which result in the reconfiguration of production.
A periodization of capitalism seeks to distinguish stages of development that help understanding of features of capitalism through time. The best-known periodizations that have been proposed distinguish these stages as:
Karl Marx’s Crises Theories: Labor, Scarcity and Fictitious Capital (1987) Keynes, Investment Theory and the Economic Slowdown: The Role of Replacement Investment and q-Ratios (1989) Information, Social Relations, and the Economics of High Technology (1991) The Pathology of the U.S. Economy: The Costs of a Low Wage System (1993)
(2) The position of those who consider that compared to the Marx of Capital, the Marx of the Manuscripts sets out in a more "total" and "integral" way the problem of alienated labor, especially by giving an ethical, anthropological, and even philosophical dimension to the idea; these people either contrast the two Marxs or else "re-evaluate ...
For Dave Gianoni, the best-ever Marx toy was a cabled, two-foot tall robot made by the company in the 1960s. Gianoni's grandmother, Ligia Yacobozzi, worked at Marx Toys and often gave toys to her ...
Elliot Goodell Ugalde, in 2024, [5] extends this analysis through Marxian economics by emphasizing that the significant divergence between market price and exchange value, as seen in housing and other forms of fixed capital, is a hallmark indicator of fictitious capital. This distortion not only inflates asset values beyond their productive ...