This book analyzes key aspects of Marx's Capital with an eye towards its relevance for an understanding of issues confronting us in the 21st Century. The contributions to this volume suggest that while aspects of Marx's original analysis must be adjusted to take into account changes that have occurred since its initial publication in 1867, his overall perspective remains necessary for understanding the nature of crises in 21st century. Part I emphasizes the central concepts Marx employed in Capital, including exploitation, capital accumulation, commodity fetishism, and his use of dialectics as a method for baring the underlying relations that define capitalism. Parts II and III extend that focus by addressing the concept of value, fictitious capital, credit and financialization. Parts IV and V offer analyses of several concrete manifestations of contemporary crises from national contexts (Europe, Latin America, China, and the United States). The volume argues that we have to combat the imperatives of capitalism to move towards a more humane and egalitarian future.

Autorentext

Marc Silver is Professor of Sociology at Hofstra University, USA

Klappentext

This book analyzes key aspects of Marx's Capital with an eye towards its relevance for an understanding of issues confronting us in the 21st Century.  The contributions to this volume suggest that while aspects of Marx's original analysis must be adjusted to take into account changes that have occurred since its initial publication in 1867, his overall perspective remains necessary for understanding the nature of crises in 21st century.  Part I emphasizes the central concepts Marx employed in Capital, including **exploitation, capital accumulation, commodity fetishism, and his use of dialectics as a method for baring the underlying relations that define capitalism. Parts II and III extend that focus by addressing the concept of value, fictitious capital, credit and financialization. Parts IV and V offer analyses of several concrete manifestations of contemporary crises from national contexts (Europe, Latin America, China, and the United States). The volume argues that we have to combat the imperatives of capitalism to move towards a more humane and egalitarian future.

Inhalt

CONTENTS

 Acknowledgments

List of Contributors

List of Tables & Figures

Introduction - Confronting Capitalism: Lessons from Marx's Capital

Part I   Beginning with Capital

2.      Marx's 'Ultimate Aim' in Capital Was

Bertell Ollman

3.      Marx and Commodity Fetishism Some Remarks on Method**

Vesa Oittinen                    

4.      Late Marx and the Conception of 'Accumulation of Capital'

Paul Zarembka    

Part II  Contending With Value: Money, Price, Temporality, and Space  

5.      Form Analysis, Space and Spatial Struggle

Bernd Belina                    

6.      The Transformation Problem and Value Form: Methodological Comments

                  Pertti Honkanen   

7.      Value Forms and the Structure of the Capitalist System

David Fishman    

Part III  Financialization, Credit, and Crisis

8.      Marx's Musings on Financial Crises: Credit and Crises in the Mid-19th Century Gold Standard

Laurence A. Krause         

9.      Marx on Financial Intermediation:  Lessons from the French Crédit Mobilier

Joseph Ricciardi   

Part IV  Crisis in the 21st Century: Cross-National Evidence

10.  The Ambiguous Role of China's Collective Land Ownership Under Global Capitalism

Xiangjing Chen    

11.  Beyond the 'Pink Tide': Dependent Capitalism in Crisis in Argentina and Lessons to

be Learned for Radical Social Change

Mariano Feliz                   

12.  The Final Fiction: Madoff Clawback Suits and Their Implications for Capitalism in the 21st Century

Colleen P. Eren                

13.  Navigating the Scylla and Charybdis of Precarious Work: Through the Storm of Contingency

Christian Garland

  Part V The Past and Present with an Eye on the Futu...