Capital par excellence: on money as an obscure thing
Against the background of the contemporary debate about financialisation, the paper conceptualises the capitalist labour economy as fundamentally a monetary system. It argues that money is not a capitalist means of organising its labour economy but that it is rather a capitalist end. The argument ex...
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| Format: | Article |
| Language: | Spanish |
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Universidad de Antioquía
2020-07-01
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| Series: | Estudios de Filosofía |
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| Online Access: | https://revistas.udea.edu.co/index.php/estudios_de_filosofia/article/view/340420 |
| _version_ | 1818929937009082368 |
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| author | Werner Bonefeld |
| author_facet | Werner Bonefeld |
| author_sort | Werner Bonefeld |
| collection | DOAJ |
| description | Against the background of the contemporary debate about financialisation, the paper conceptualises the capitalist labour economy as fundamentally a monetary system. It argues that money is not a capitalist means of organising its labour economy but that it is rather a capitalist end. The argument examines and finds wanting conceptions of money in political economy, including Keynesianism and neoliberalism, and argues that the debate about financialisation is fundamentally based on the propositions of political economy. It holds that Marx’s critique of political economy conceives of money as the
form of value and expounds money-making as the purpose of the capital labour economy. Thus, the labour theory of value is fundamentally a monetary theory of value, labour is the means of valorisation, and that is, of money in process, and as such capital. Making money out of money is capital as its most rational. In the form of credit, money posits wealth as a claim on future surplus value. |
| first_indexed | 2024-12-20T03:52:44Z |
| format | Article |
| id | doaj.art-7c96bccd97cf466aae11f3f1a1c3f0e8 |
| institution | Directory Open Access Journal |
| issn | 0121-3628 2256-358X |
| language | Spanish |
| last_indexed | 2024-12-20T03:52:44Z |
| publishDate | 2020-07-01 |
| publisher | Universidad de Antioquía |
| record_format | Article |
| series | Estudios de Filosofía |
| spelling | doaj.art-7c96bccd97cf466aae11f3f1a1c3f0e82022-12-21T19:54:26ZspaUniversidad de AntioquíaEstudios de Filosofía0121-36282256-358X2020-07-0162335210.17533/udea.ef.n62a03Capital par excellence: on money as an obscure thingWerner Bonefeld0https://orcid.org/0000-0001-6709-5313University of YorkAgainst the background of the contemporary debate about financialisation, the paper conceptualises the capitalist labour economy as fundamentally a monetary system. It argues that money is not a capitalist means of organising its labour economy but that it is rather a capitalist end. The argument examines and finds wanting conceptions of money in political economy, including Keynesianism and neoliberalism, and argues that the debate about financialisation is fundamentally based on the propositions of political economy. It holds that Marx’s critique of political economy conceives of money as the form of value and expounds money-making as the purpose of the capital labour economy. Thus, the labour theory of value is fundamentally a monetary theory of value, labour is the means of valorisation, and that is, of money in process, and as such capital. Making money out of money is capital as its most rational. In the form of credit, money posits wealth as a claim on future surplus value.https://revistas.udea.edu.co/index.php/estudios_de_filosofia/article/view/340420philosophyhumanitiesmarxismmarxcritical theorycapitalsurplus valuemoney |
| spellingShingle | Werner Bonefeld Capital par excellence: on money as an obscure thing Estudios de Filosofía philosophy humanities marxism marx critical theory capital surplus value money |
| title | Capital par excellence: on money as an obscure thing |
| title_full | Capital par excellence: on money as an obscure thing |
| title_fullStr | Capital par excellence: on money as an obscure thing |
| title_full_unstemmed | Capital par excellence: on money as an obscure thing |
| title_short | Capital par excellence: on money as an obscure thing |
| title_sort | capital par excellence on money as an obscure thing |
| topic | philosophy humanities marxism marx critical theory capital surplus value money |
| url | https://revistas.udea.edu.co/index.php/estudios_de_filosofia/article/view/340420 |
| work_keys_str_mv | AT wernerbonefeld capitalparexcellenceonmoneyasanobscurething |