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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
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)
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 ...
The Formation of the Economic Thought of Karl Marx: 1843 to Capital (French: La formation de la pensée économique de Karl Marx: de 1843 à la rédaction du "Capital") is a 1967 book by the Marxist theorist Ernest Mandel, in which the author discusses the economic theories of Karl Marx. It appeared in English translation in 1971.
Marx never provided a complete definition of the capitalist mode of production as a short summary, although in his manuscripts he sometimes attempted one. In a sense, it is Marx's three-volume work Capital (1867–1894; sometimes known by its German title, Das Kapital), as a whole that provides his "definition" of the capitalist mode of ...
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 ...
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.