Japanese Discourses on the Marxian Theory of Finance

Japanese Discourses on the Marxian Theory of Finance
Author: Kei Ehara
Publisher: Springer Nature
Total Pages: 201
Release: 2022-02-02
Genre: Political Science
ISBN: 3030833240

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This edited volume traces the development of the Marxian theory of finance in Japan. Japanese Marxists have long been engaged in this field of study, yet their achievements are hardly known in other languages. Japanese Discourses on the Marxian Theory of Finance brings together in English for the first time six core essays essential to the understanding of the history and development of Japanese Marxian economics. Part I considers the so-called Uno-Miyake debate, which shaped the direction of the research in postwar Japan. Part II includes the three core essays influenced by Uno, including an essay by Shigekatsu Yamaguchi, who introduced a new method to systematically deal with “credit creation” which must be duly taken into consideration if scholars are to analyze today’s “financialization." Finally, the last two essays follow from Yamaguchi’s influential theory to consider the relation of banking with the capital market to complete the theory of finance in Marxian economics.

Marx’s Theory of Value in Chapter 1 of Capital

Marx’s Theory of Value in Chapter 1 of Capital
Author: Fred Moseley
Publisher: Springer Nature
Total Pages: 187
Release: 2023-05-11
Genre: Political Science
ISBN: 3031132106

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Chapter 1 is the most important chapter in Capital, as well as the most difficult and the most controversial. An influential interpretation of Chapter 1 in recent decades has been the so-called “value-form interpretation” of Marx’s theory in general and Chapter 1 in particular. The most important proponent of the value-form interpretation today, both in Germany and in the English-speaking world, is Michael Heinrich, and Heinrich’s work has emphasized the first chapter. Heinrich’s latest book in English is a detailed commentary of the first seven chapters of Volume 1 of Capital. The publication of an English translation of Heinrich’s book is an important event in Marxian scholarship and it is important to critically engage with this important book in order to advance our understanding of this critical foundational chapter. This book emphasizes the quantitative issue of whether the magnitude of value and socially necessary labour-time are determined in production or also depend on exchange and demand, which has been the main issue in the controversy over the value-form interpretation.

Financial Capital in the 21st Century

Financial Capital in the 21st Century
Author: Achim Szepanski
Publisher: Springer Nature
Total Pages: 388
Release: 2022-02-02
Genre: Business & Economics
ISBN: 303093151X

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The book’s central theme is to develop a new theory of speculative capital related to other forms of capital, the world market, and the state. Unlike most Marxist and heterodox theories, the book distinguishes credit and fictitious capital from speculative capital to show its hegemony today in the capital markets. Speculative capital structures and also controls the so-called “real capital.” The method is Marxist while also incorporating material from contemporary Marxist and heterodox authors like John Milios, Robert Meister, Tony Norfeld, Li Puma, Harald Strauß, Michael Heinrich, Suhail Malik, Bichler/Nitzan and Ellie Ayache. Offering a comprehensive study of the logic and mode of existence of capital in the 21st century, the book will be of interest to academics and students of monetary and financial economics alongside political economy.

A Mathematical Approach to Marxian Value Theory

A Mathematical Approach to Marxian Value Theory
Author: Dong-Min Rieu
Publisher: Springer Nature
Total Pages: 241
Release: 2022-07-20
Genre: Political Science
ISBN: 303107808X

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This book clarifies the quantitative relationship between time, money, and labor productivity from the perspective of Marxian labor theory of value. The book is divided into four main parts. Part I introduces the relationship between time and money in the context of Marxian value theory. Part II explores the theory of labor exploitation. Part III turns to analysis of the rate of profit, which is a primary characteristic of classical and Marxian economics. Part IV is devoted to suggesting a new research direction in light of the main conceptual innovation of the book.

The Concept of the Individual in the Thought of Karl Marx

The Concept of the Individual in the Thought of Karl Marx
Author: Zhi Li
Publisher: Springer Nature
Total Pages: 303
Release: 2023-04-08
Genre: Political Science
ISBN: 3031225910

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This book reconstructs the concept of the individual in Marx as the key to a fresh interpretation of Marxian philosophy. Marx moved from an examination of the contingency and indeterminacy of individual consciousness in his early years to a critique of the atomistic individual and materialised social relations in his later years. His thought proposes that ‘real individuals’ are the basis for an understanding of human society that promotes the emancipation of humankind. Marx’s philosophy has often been misunderstood as lacking a concept of the individual. In China, this misunderstanding not only relates to cultural and linguistic particularities (the word ‘individual’ is seldom used in Chinese), but also relates to a misleading view of socialism and communism. This book helps remedy this misunderstanding and draws important comparisons and contrasts between Marx’s concept of the individual with that of liberalism, and between Western and Eastern Marxism.

A Theory of Housing Provision under Capitalism

A Theory of Housing Provision under Capitalism
Author: Mike Berry
Publisher: Springer Nature
Total Pages: 254
Release: 2023-04-20
Genre: Political Science
ISBN: 3031244710

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This book provides the first coherent Marxist analysis of the central importance of housing in the social reproduction of capitalism as a whole. Rather than consigning housing to the sidelines, Berry argues that the circulation of capital and revenues though housing and the built environment helps explain how the capital-labour relation constrains housing outcomes while also being reproduced on an extended scale. He shows how housing is provided by the intervention of building, property and interest-bearing capital fractions; how the land question can be explained by a theory of urban land rent, drawing on Marx's categories of differential and monopoly rent; how housing is vital to the extended reproduction of labour power, while also creating a semi-separate sphere of 'home' in which gender and demographic factors overlay and accentuate social class position. The modes, impact and drivers of state intervention in housing provision are seen to modify the patterns and pace of capital circulation through housing and the urban built environment with implications for shifts in class fragmentation and power relations.

Marx's Russian Moment

Marx's Russian Moment
Author: Vesa Oittinen
Publisher: Springer Nature
Total Pages: 195
Release: 2023-05-17
Genre: Political Science
ISBN: 3031296621

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This book discusses Marx’s relations with Russia, which have always been ambivalent. In his youth, and indeed a good way into the 1860s, Marx might even be called a “Russophobe.” Around 1870, however, his views on Russia undergo a change; he becomes acquainted with a new kind of Russian radical and revolutionary movement and begins to study Russian. It becomes clear that Marx begins to feel that Russia is some kind of a “touchstone” for his theories. Offering a new and original interpretation of Marx’s theoretical development, Marx’s Russian Moment analyzes the following themes: Marx’s concept of ideology (as developed in the German Ideology) and its fortunes in Russia; Marx’s encounter with Bakunin and Russian nihilism; Marx’s and Engels’s studies of primitive societies; Engels’s views of the developmental perspectives of small Slavic nations; and Marx’s views on Finland, the Russian Grand Duchy. Considering these topics as “case studies,” Oittinen argues that Marx’s encounter with Russia substantially influenced Marx’s (and Engels’s) views not just on current political and economic matters but also on a philosophical and methodological level.

Marx, Alienation and Techno-Capitalism

Marx, Alienation and Techno-Capitalism
Author: Lelio Demichelis
Publisher: Springer Nature
Total Pages: 313
Release: 2022-08-05
Genre: Political Science
ISBN: 3031073851

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In this book, translated into English for the first time, Lelio Demichelis takes on a modern perspective of the concept/process of alienation. This concept—much more profound and widespread today than first described and denounced by Marx—has largely been forgotten and erased. Using the characters of Narcissus, Pygmalion and Prometheus, the author reinterprets and updates Marx, Nietzsche, Anders, Foucault and, in particular, critical theory and the Frankfurt School views on an administered society (where everything is automated and engineered, manifest today in algorithms, AI, machine learning and social networking) showing that, in a world where old and new forms of alienation come together, man is increasingly led to delegate (i.e. alienate) sovereignty, freedom, responsibility and the awareness of being alive.

The Popular Front and the Global Circulation of Marxism through Calcutta, 1920s-1970s

The Popular Front and the Global Circulation of Marxism through Calcutta, 1920s-1970s
Author: Prasanta Dhar
Publisher: Springer Nature
Total Pages: 218
Release: 2022-11-29
Genre: History
ISBN: 3031186176

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This book examines the global circulation of Marxism seen from one of its most highly charged sites: Calcutta in India. Building on but also revising existing approaches to global intellectual history, the book presents the circulation of Marxism through Calcutta as a historically-sited problem of mass mediation. Using tools from media studies, the book explores the way that Marxism was presented to the public, the technologies used, and the meanings of Marxism in twentieth-century Calcutta. Demonstrating how the Popular Front was split between the so-called 'people's group' and those whom were called 'intellectuals', the book argues that the people's group generally identified themselves as Marxists and preferred audio-visual media such as theatre, while the so-called intellectuals privileged academic rigour and print media, usually referring to themselves as Marxians. Thus, the author reveals a polyphony of Marxisms in the Popular Front. Tracing Marxism back to the Bengal Renaissance and the Swadeshi and Naxal movements, this book shows how debate around the meaning of 'Marxism' continued throughout the 1970s in Calcutta, and eventually engendered the historiographical movement that has come to be known as Subaltern Studies.

Truth and Revolution in Marx's Critique of Society

Truth and Revolution in Marx's Critique of Society
Author: Matthias Bohlender
Publisher: Springer Nature
Total Pages: 226
Release: 2023-01-31
Genre: Political Science
ISBN: 3031173589

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This book deals with a central aspect of Marx’s critique of society that is usually not examined further since it is taken as a matter of course: its scientific claim of being true. But what concept of truth underlies his way of reasoning which attempts to comprehend the social and political circumstances in terms of the possibility of their practical upheaval? In three studies focusing specifically on the development of Marx’s scientific critique of capitalist society, his journalistic commentaries on European politics, and his reflections on the organisation of revolutionary subjectivity, the authors carve out the immanent relation between the scientifically substantiated claim to truth and the revolutionary perspective in Marxʼs writings. They argue that Marx does not grasp the world ‘as it is’ but conceives it as an inverted state which cannot remain what it is but generates the means by which it can eventually be overcome. This is not something to be taken lightly: Such a concept has theoretical, political and even violent consequences—consequences that nevertheless derive neither from a subjective error nor a contamination of an otherwise ‘pure’ science. By analyzing Marx’s concept of truth the authors also attempt to shed light on a pivotal problematique of any modern critique of society that raises a reasoned claim of being true.