By Karl Marx

The "forgotten" moment quantity of Capital, Marx's world-shaking research of economics, politics, and historical past, includes the very important dialogue of commodity, the cornerstone to Marx's theories.

Show description

Read or Download Capital: A Critique of Political Economy, Volume 2 (UK Edition) PDF

Similar capitalism books

Global History: A View from the South

Responding to the necessity to take a clean examine international heritage, hitherto ruled through Eurocentric ideologues and historians of their try to justify the character and personality of recent capitalism, Samir Amin seems during this e-book on the historical international approach and the way it has motivated the improvement of the trendy international.

Political Economy and Global Capitalism: The 21st Century, Present and Future

Robert Albritton, Bob Jessop, Richard Westra (eds. )

This quantity brings jointly unique and well timed writings by way of across the world well known students that ponder the present trajectories of world capitalism and, within the mild of those, think about most probably, attainable or fascinating futures. It deals theory-informed writing that contextualizes empirical learn on present world-historic occasions and developments with a watch in the direction of figuring out a way forward for human, social and fiscal betterment.

Reviews:

'This is an illuminating choice of essays on the place we're and the place we would prove, from a special foreign and interdisciplinary workforce of students and activists. ' —Stuart Elden, affiliate Director of the overseas limitations examine Unit, Durham University

The Transition from Feudalism to Capitalism

The Transition from Feudalism to Capitalism
Paul M. Sweezy and Maurice Dobb
Science & Society
Vol. 14, No. 2 (Spring, 1950) (pp. 134-167)
Page count number: 34

Of Synthetic Finance: Three Essays of Speculative Materialism

Artificial finance revolutionizes materialism such that we will be able to now create wealth within the strategy of universally allotting it. whereas monetary innovation in international capitalism supplied the stipulations for the 2008 monetary predicament, it has additionally engineered a suite of economic applied sciences with common distributive strength.

Additional info for Capital: A Critique of Political Economy, Volume 2 (UK Edition)

Example text

This dualism had its roots in Greek philosophy, and it came to dominate our view of the world during the Enlightenment. The philosophers of the Enlightenment put their faith in reason. Reason was supposed to work like a searchlight, illuminating a reality that lay there, passively awaiting discovery. The active role that reason can play in shaping reality was largely left out of the account. In other words, the Enlightenment failed to recognize reflexivity. This resulted in a distorted view of reality, but one that was appropriate to the age when it was formulated.

It follows that if a piece of knowledge has proved useful, we are liable to overexploit it and extend it to areas where it no longer applies, so that it becomes a fallacy. That is what happened to the Enlightenment. The dichotomy between reason and reality worked very well for the study of natural phenomena, but it was misleading in the study of human affairs. Fertile fallacies are, in other branches of history, the equivalent of bubbles in financial markets.

When I see a bubble forming I rush in to buy, adding fuel to the fire. That is not irrational. And that is why we need regulators to counteract the market when a bubble is threatening to grow too big; we cannot rely on market participants, however well informed and rational they are. B ubbles are not the only form in which reflexivity manifests itself. They are just the most dramatic and the most directly opposed to the efficient market hypothesis; so they do deserve special attention. But reflexivity can take many other forms.

Download PDF sample

Rated 4.96 of 5 – based on 23 votes