Capital (Marxism) Explained

Capital is a central concept in Marxian critique of political economy, and in Marxian thought more generally.

Marxists view capital as a social relation reproduced by the continuous expenditure of wage labour. Labour and capital are viewed as historically specific forms of social relations.^{[1] [2] [3]}

Marx stated that "Capital is dead labour, that, vampire-like, only lives by sucking living labour, and lives the more, the more labour it sucks."^[4]

See also

• Property is theft!
• Private property#Criticism
  • Forms of capital in Marxism:
    • • • • • • Monopoly Capital

Key figures:

• Robert Kurz
• Moishe Postone
• Roman Rozdolsky

References

1. Book: Marx. Karl. Grundrisse : foundations of the critique of political economy (rough draft). Nicolaus. Martin. 1993. Penguin Books in association with New Left Review. 0-14-044575-7. London. 296, 239, 264. 31358710.
2. Book: Marx. Karl. Grundrisse : foundations of the critique of political economy (rough draft). Nicolaus. Martin. 1993. Penguin Books in association with New Left Review. 0-14-044575-7. London. 296, 239, 264. 31358710.
3. Book: Pradella, Lucia. Globalisation and the critique of political economy: new insights from Marx's writings. 2015. 978-1-317-80072-9. Abingdon, Oxon. 147. 897376910. The analysis of the production process as a whole, namely, as a reproduction process, removed the illusion of the autonomy of value, revealing that capital entirely consists of objectified labour. Workers are faced with their own labour, objectified in means of production and of subsistence, which becomes capital, thus recreating the conditions for their exploitation..
4. Web site: Capital, Vol. I, Chapter Ten. 2021-11-25. www.marxists.org.

Bibliography

• Book: Postone . Moishe . Moishe Postone . Time, labor, and social domination: a reinterpretation of Marx's critical theory . Time, Labor and Social Domination . 1993 . . Cambridge . 9780511570926 . 10.1017/CBO9780511570926.

Further reading

• Book: Pradella, Lucia. Globalisation and the critique of political economy : new insights from Marx's writings. 2015. 978-1-317-80072-9. Abingdon, Oxon. 897376910.