Isn’t philosophy, at its best, distinguished from self-help by its deep and original insights, rather than, or as well as, by its arguments? — Jamal
This one is great for insiders. I never cared much about that unity to I read some Brandom, and the joke works perfectly in that context. I got to go patch up a contradiction in the claims I am responsible fon yet again. — green flag
How the Transcendental Doctrine of Elements Can Change Your Life. — Jamal
Isn’t philosophy, at its best, distinguished from self-help by its deep and original insights, rather than, or as well as, by its arguments? — Jamal
On the other hand, Aristotle can be a chore to read, so there’s nothing wrong with making things more digestible. That’s why we read introductions and secondary literature. I think the crucial difference is that pop philosophy, unlike secondary literature, is often dumbed down, written to please people or to catch the attention or to sell books, not to enlighten or teach. — Jamal
Actually he didn't say he asked to be banned. He locked himself out of his own account several times then came back as a succesion of sockpuppets. He was then banned for multiple sockpuppetry. So, we didn't make a mistake but seeing as he wasn't banned for content and he explained the sockpuppetry in some detail, and also seems a very good poster, we're all happy for him to come back if he wants. — Baden
This is a great question, and I'm sorry to say I can't even give you an example bare-bones answer. Absolutely no idea. — bert1
I think the problem is: religion. Anything that is dogmatic is dead and whatever turns into religion, becomes spoiled. Mindlessness is a state corruption. Take Islam for example, it has been highly misrepresented as there was no such a thing as Islam during the prophet Mohamed's life. Islam was not a religion, it was a cult. And in the Quraan, they would refer to it as such. It was so far away from dogmatic. Verses would reverse the meanings of other verses, based on a different situations in a a very short time. The Quraan doesn't deny it. By the meaning there is a verse in the Quraan that says: "we don't reverse verses or make it forgotten unless we come up with new better verses or a similar one." New verses, meant new ways of doing things and new rules and better techniques. Unfortunately, it was very easy to become a Muslim. All you had to say was a very short phrase, "there is no God but God and the prophet Mohamed is the prophet of Allah", and you are in. That made the quality of people who join this cult were not the kind that would argue. Because they got the kinds of people nobody else would accept and he or she would be grateful for any kind of belonging. I don't think any Muslim would be able to quickly state the names of 50 of the prophet's companions who they speak so highly of and there is a reason to that. They were essentially ,except for very few of them, nobodies. We find Umar Ibn El Khattab argues a lot and he is one of the most prominent prophet companion's figures, because he was actually someone and the prophet Mohamed before he joined he prayed that "the Islam would be strong with one of the two Omar's". When Omar ruled, he actually changed things that were actually stated in the Quraan when others didn't dare to do it. Long story short: the prophet Mohamed, because of this model, enjoyed supreme powers that I doubt anyone enjoyed on earth throughout history. He became the supreme, most powerful figure in his troop with a divine connection. He would be a judge and a commander and they would teach people how to sleep with their wives and how to purify themselves after going to the toilet. And this is why after he died, these nobodies had to turn everything he said or did as a must-do. They knew.they just lost the source of their power and had to retain it somehow and they had to turn Islam into a religion. This is why Muslims until now are one of the most close-minded people of all times. They used to believe and they still do believe that following the prophet's orders as the source of their power. Having said that, the prophet Mohamed was among the most consciences, humane man of all times. Would clearly see that from the way he never tried to abuse their powers, his fairness and the unparalleled rights that he gave to women. — Raef Kandil
No. The historical-cultural-political context is, however, the most relevant context to the question of the degree to which Heidegger's political affilitation and activity are reflected in his major philosophical work which he had so recently published. Other contextual readings, in this case, may provide nuances which supplement our understanding of the text but they are too ancillary to exculpate SuZ of its ideological affordances. — 180 Proof
Not without profoundly distorting the sense of this line of thought in BT. There are other writings of Heidegger where he specifically singles out the German volk, but this in not at all the point of these passages in BT. The relation between my Dasein and other Daseins here has nothing to do with choosing one group over another, but of how the intelligibility and sense of my engagement with the world moment to moment is guided by a pre-existing context of relevance. — Joshs
It’s not a sense of community. The “they” can be thought as something like Freud’s superego— the sense of what “they” think and “they” believe. The masses, the mainstream, the general culture, this vague sense of “what one does.” — Mikie
Again, the Dasein was Hitler-compatible ... And even after the war Heidi had to be "de-nazified". — 180 Proof
As a matter of hermeneutic scruple, SuZ should be read in that cultural-ideological context; I don't think my characterization above is hyperbolic or uncharitable considering the Völkische Bewegung milieu. — 180 Proof
Heidegger is using the terms 'they', 'those', and 'others' as terms of inclusion rather than exclusion. — Fooloso4
The tendency to lessen the socially necessary labour time per product decreases the living labour (time) required for its production for sale. When a good is produced for sale, capital "devalues" because it no longer has the money form of value with a distinct amount (investment into commodities), it takes on the form of a commodity which has a certain price. In that regard there is an inversion; in the first step M-C money stands as a potential for commodities which then becomes a commodity, in C-M commodities stand as a potential for money, which then becomes money. Initially M takes the form of an investment, then as a collection of commodity prices, but it must pass through a metamorphosis into a commodity, rather than a representation of a commodity's value. — fdrake
Oooo listening -- I'm glad he mentioned "experiences" as a thing that's being produced! Super exciting. The reason for inventions of superfluity is the need for expanding consumption! (I mean... there are industries not only doing cruise lines, there are industries built on selling cruise lines!) — Moliere
“ecause it presupposes that, despite the doubled force of production, capital continued to operate with the same component parts, to employ the same quantity of necessary labour without spending more for raw material and instrument of labour; † then, therefore, productivity doubles, so that he now needs to spend only 20 thalers on labour, whereas he needed 40 before.”
(investing in lots of fixed capital - me) is only really useful when it acts on great masses, when a single machine can assist the labours of thousands. It is accordingly in the most populous countries where there are most idle men that it is always most abundant.
“It is a law of capital, as we saw, to create surplus labour, disposable time; it can do this only by setting necessary labour in motion – i.e. entering into exchange with the worker. It is its tendency, therefore, to create as much labour as possible; just as it is equally its tendency to reduce necessary labour to a minimum. It is therefore equally a tendency of capital to increase the labouring population, as well as constantly to posit a part of it as surplus population – population which is useless until such time as capital can utilize it. ”
“It is merely to be noted here in order to indicate how later developments are already contained in the general concept of capital. Belongs in the doctrine of the concentration and competition of capitals. – The devaluation being dealt with here is this, that capital has made the transition from the form of money into the form of a commodity, of a product, which has a certain price, which is to be realized. In its money form it existed as value. It now exists as product, and only ideally as price; but not as value as such.”
“The creation by capital of absolute surplus value – more objectified labour – is conditional upon an expansion, specifically a constant expansion, of the sphere of circulation. The surplus value created at one point requires the creation of surplus value at another point, for which it may be exchanged; if only, initially, the production of more gold and silver, more money, so that, if surplus value cannot directly become capital again, it may exist in the form of money as the possibility of new capital.”
On the other side, the production of relative surplus value, i.e. production of surplus value based on the increase and development of the productive forces, requires the production of new consumption; requires that the consuming circle within circulation expands as did the productive circle previously.
“(1) Necessary labour as limit on the exchange value of living labour capacity or of the woes of the industrial population;
(2) Surplus value as limit on surplus labour time; and, in regard to relative surplus labour time, as barrier to the development of the forces of production;
(3) What is the same, the transformation into money, exchange value as such, as limit of production; or exchange founded on value, or value founded on exchange, as limit of production. This is:
(4) again the same as restriction of the production of use values by exchange value; or that real wealth has to take on a specific form distinct from itself, a form not absolutely identical with it, in order to become an object of production at all.”
“The surplus value which capital has at the end of the production process – a surplus value which, as a higher price of the product, is realized only in circulation, but, like all prices, is realized in it by already being ideally presupposed to it, determined before they enter into it – signifies, expressed in accord with the general concept of exchange value, that the labour time objectified in the product – or amount of labour (expressed passively, the magnitude of labour appears as an amount of space; but expressed in motion, it is measurable only in time) – is greater than that which was present in the original components of capital. This in turn is possible only if the labour objectified in the price of labour is smaller than the living labour time purchased with it. ”
“If one day’s work were necessary in order to keep one worker alive for one day, then capital would not exist, because the working day would then exchange for its own product, so that capital could not realize itself and hence could not maintain itself as capital. The self-preservation of capital is its self-realization.”
“The great historic quality of capital is to create this surplus labour, superfluous labour from the standpoint of mere use value, mere subsistence; and its historic destiny [Bestimmung] is fulfilled as soon as, on one side, there has been such a development of needs that surplus labour above and beyond necessity has itself become a general need arising out of individual needs themselves – and, on the other side, when the severe discipline of capital, acting on succeeding generations [Geschlechter], has developed general industriousness as the general property of the new species [Geschlecht] – and, finally, when the development of the productive powers of labour, which capital incessantly whips onward with its unlimited mania for wealth, and of the sole conditions in which this mania can be realized, have flourished to the stage where the possession and preservation of general wealth require a lesser labour time of society as a whole, and where the labouring society relates scientifically to the process of its progressive reproduction, its reproduction in a constantly greater abundance; hence where labour in which a human being does what a thing could do has ceased. ”
“The unit in which surplus value is calculated is always a fraction, i.e. the given part of a day which exactly represents the price of labour.”
“Thus the absolute sum by which capital increases its value through a given increase of the productive force depends on the given fractional part of the working day, on the fractional part of the working day which represents necessary labour, and which therefore expresses the original relation of necessary labour to the living work day. The increase in productive force in a given relation can therefore increase the value of capital differently e.g. in the different countries. ”
“the more developed capital already is, the more surplus labour it has created, the more terribly must it develop the productive force in order to realize itself in only smaller proportion, i.e. to add surplus value – because its barrier always remains the relation between the fractional part of the day which expresses necessary labour, and the entire working day. It can move only within these boundaries. The smaller already the fractional part falling to necessary labour, the greater the surplus labour, the less can any increase in productive force perceptibly diminish necessary labour; ”
“Labour does not reproduce the value of the material in which, and of the instrument with which, it works. It preserves their value simply by relating to them in the labour process as to their objective conditions. This animating and preserving force costs capital nothing; appears, rather, as its own force etc."
“t preserves the utility of cotton as yarn by weaving the yarn into fabric. (All this belongs already in the first chapter on production in general.) Preserves it by weaving it”
I think I understand and pretty much agree with all of your points, but I've run out of steam on this topic. — Jamal
“What is productive labour and what is not, a point very much disputed back and forth since Adam Smith made this distinction, [10] has to emerge from the dissection of the various aspects of capital itself. Productive labour is only that which produces capital. Is it not crazy, asks e.g. (or at least something similar) Mr Senior, that the piano maker is a productive worker, but not the piano player, although obviously the piano would be absurd without the piano player? [11] But this is exactly the case. The piano maker reproduces capital; the pianist only exchanges his labour for revenue. But doesn’t the pianist produce music and satisfy our musical ear, does he not even to a certain extent produce the latter? He does indeed: his labour produces something; but that does not make it productive labour in the economic sense; no more than the labour of the madman who produces delusions is productive. Labour becomes productive only by producing its own opposite. Other economists therefore allow the so-called unproductive worker to be productive indirectly. For example, the pianist stimulates production; partly by giving a more decisive, lively tone to our individuality, and also in the ordinary “sense of awakening a new need for the satisfaction of which additional energy becomes expended in direct material production. This already admits that only such labour is productive as produces capital; hence that labour which does not do this, regardless of how useful it may be – it may just as well be harmful – is not productive for capitalization, is hence unproductive labour. Other economists say that the difference between productive and unproductive applies not to production but to consumption. Quite the contrary. The producer of tobacco is productive, although the consumption of tobacco is unproductive. Production for unproductive consumption is quite as productive as that for productive consumption; always assuming that it produces or reproduces capital. ‘Productive labourer he that directly augments his master’s wealth,’ Malthus therefore says, quite correctly (IX,40); [12] correct at least in one aspect. The expression is too abstract, since in this formulation it holds also for the slave. The master’s wealth, in relation to the worker, is the form of wealth itself in its relation to labour, namely capital. Productive labourer he that directly augments capital."
Productive labour is only that which produces capital
Is it not crazy, Mr Senior, that the piano maker is a productive worker, but not the piano player, although obviously the piano would be absurd without the piano player? [11] But this is exactly the case. The piano maker reproduces capital; the pianist only exchanges his labour for revenue. But doesn’t the pianist produce music and satisfy our musical ear, does he not even to a certain extent produce the latter?
He does indeed: his labour produces something; but that does not make it productive labour in the economic sense; no more than the labour of the madman who produces delusions is productive. Labour becomes productive only by producing its own opposite.
hence that labour which does not do this, regardless of how useful it may be – it may just as well be harmful – is not productive for capitalization, is hence unproductive labour. Other economists say that the difference between productive and unproductive applies not to production but to consumption. Quite the contrary. The producer of tobacco is productive, although the consumption of tobacco is unproductive. Production for unproductive consumption is quite as productive as that for productive consumption; always assuming that it produces or reproduces capital. ‘Productive labourer he that directly augments his master’s wealth,’ Malthus therefore says, quite correctly (IX,40); [12] correct at least in one aspect. The expression is too abstract, since in this formulation it holds also for the slave. The master’s wealth, in relation to the worker, is the form of wealth itself in its relation to labour, namely capital. Productive labourer he that directly augments capital.
Still, no economist will deny that if the workers generally, that is, as workers (what the individual worker does or can do, as distinct from his genus, can only exist just as exception, not as rule, because it is not inherent in the character of the relation itself), that is, if they acted according to this demand as a rule (apart from the damage they would do to general consumption – the loss would be enormous – and hence also to production, thus also to the amount and volume of the exchanges which they could make with capital, hence to themselves as workers) then the worker would be employing means which absolutely contradict their purpose, and which would directly degrade him to the level of the Irish, the level of wage labour where the most animal minimum of needs and subsistence appears to him as the sole object and purpose of his exchange with capital
This alters absolutely nothing in the nature of the thing and gives no grounds whatsoever for concluding that – because the worker has to sleep 10–12 hours before he becomes capable of repeating his labour and his exchange with capital – labour forms his capital”
“However, regarded more precisely, it becomes clear that the worker who exchanges his commodity goes through the form C–M–M–C in the exchange process. If the point of departure in circulation is the commodity, use value, as the principle of exchange, then we necessarily arrive back at the commodity, since money appears only as coin and, as medium of exchange, is only a vanishing mediation; while the commodity as such, after having described its circle, is consumed as the direct object of need. On the other hand, capital represents M–C–C–M, the antithetical moment."
“Separation of property from labour appears as the necessary law of this exchange between capital and labour. Labour posited as not-capital as such is: (1) not-objectified labour [nicht-vergegenständlichte Arbeit], conceived negatively (itself still objective; the not-objective itself in objective form). As such it is not-raw-material, not-instrument of labour, not-raw-product: labour separated from all means and objects of labour, from its entire objectivity. This living labour, existing as an abstraction from these moments of its actual reality (also, not-value); this complete denudation, purely subjective existence of labour, stripped of all objectivity. Labour as absolute poverty: poverty not as shortage, but as total exclusion of objective wealth. ”
“The substance of value is not at all the particular natural substance, but rather objectified labour. This latter itself appears again in connection with living labour as raw material and instrument of labour.”
“ As the not-being of values in so far as they are objectified, labour is their being in so far as they are not-objectified; it is their ideal being; the possibility of values, and, as activity, the positing of value. As against capital, labour is the merely abstract form, the mere possibility of value-positing activity, which exists only as a capacity, as a resource in the bodiliness of the worker. But when it is made into a real activity through contact with capital – it cannot do this by itself, since it is without object – then it becomes a really value-positing, productive activity.”
“the process of capital coincides with the simple process of production as such, in which its character as capital is quite as extinguished in the form of the process, as money was extinguished as money in the form of value. To the extent to which we have examined the process so far, capital in its being-for-itself, i.e. the capitalist, does not enter at all. It is not the capitalist who is consumed by labour as raw material and instrument of labour. And it is not the capitalist who does this consuming but rather labour. Thus the process of the production of capital does not appear as the process of the production of capital, but as the process of production in general, and capital’s distinction from labour appears only in the material character of raw material and instrument of labour”
Seems reasonable. Before I do it myself, can anyone see how to save my original analysis? — Jamal
1. If something improves, e.g., the eradication of guinea worm disease, it happens in time, going from worse to better. The past condition is worse, closer to the beginning of a progressive development and thereby primitive.
2. If it gets worse again, this can rightfully be called a slide back to a primitive condition.
3. Many very important things have improved in tandem.
4. These things improved in tandem thanks to a way of thinking and a way of going about things.
5. If these things get worse again in the present and future, this can rightfully be called a general slide back to primitive conditions.
6. We have to maintainthe successful way of thinkingthe styles of thought and practice of the Enlightenment to prevent such a general slide back.
6a: there is only one system of values which prevents such a general slide back.
6b: that system of values is "the styles of thought and practice of the Enlightenment".
“In the money market, capital is posited in its totality; there it determines prices, gives work, regulates production, in a word, is the source of production; but capital, not only as something which produces itself (positing prices materially in industry etc., developing forces of production), but at the same time as a creator of values, has to posit a value or form of wealth specifically distinct from capital. This is ground rent. This is the only value created by capital which is distinct from itself, from its own production. By its nature as well as historically, capital is the creator of modern landed property, of ground rent; just as its action therefore appears also as the dissolution of the old form of property in land.
“This latter himself then ‘clears’, as Steuart says, [47] the land of its excess mouths, tears the children of the earth from the breast on which they were raised, and thus transforms labour on the soil itself, which appears by its nature as the direct wellspring of subsistence, into a mediated source of subsistence, a source purely dependent on social relations.”
“We therefore always find that, wherever landed property is transformed into money rent through the reaction of capital on the older forms of landed property (the same thing takes place in another way where the modern farmer is created) and where, therefore, at the same time agriculture, driven by capital, transforms itself into industrial agronomy, there the cottiers, serfs, bondsmen, tenants for life, cottagers etc. become day labourers, wage labourers, i.e. that wage labour in its totality is initially created by the action of capital on landed property, and then, as soon as the latter has been produced as a form, by the proprietor of the land himself.
“There can therefore be no doubt that wage labour in its classic form, as something permeating the entire expanse of society, which has replaced the very earth as the ground on which society stands, is initially created only by modern landed property, i.e. by landed property as a value created by capital itself.”
It must be kept in mind that the new forces of production and relations of production do not develop out of nothing, nor drop from the sky, nor from the womb of the self-positing Idea; but from within and in antithesis to the existing development of production and the inherited, traditional relations of property. While in the completed bourgeois system every economic relation presupposes every other in its bourgeois economic form, and everything posited is thus also a presupposition, this is the case with every organic system. This organic system itself, as a totality, has its presuppositions, and its development to its totality consists precisely in subordinating all elements of society to itself, or in creating out of it the organs which it still lacks. This is historically how it becomes a totality.
On the other hand, if within one society the modern relations of production, i.e. capital, are developed to its totality, and this society then seizes hold of a new territory, as e.g. the colonies, then it finds, or rather its representative, the capitalist, finds, that his capital ceases to be capital without wage labour,
“and that one of the presuppositions of the latter is not only landed property in general, but modern landed property; landed property which, as capitalized rent, is expensive, and which, as such, excludes the direct use of the soil by individuals. Hence Wakefield’s theory of colonies, followed in practice by the English government in Australia. [48] Landed property is here artificially made more expensive in order to transform the workers into wage workers, to make capital act as capital, and thus to make the new colony productive; to develop wealth in it, instead of using it, as in America, for the momentary deliverance of the wage labourers. ”
Is there being before becoming? Is there identity before difference? — Joshs
I think it gets really confusing because of the obvious conflict between "I drive things over here and back and don't make things, so what?", but then if they didn't do so the market wouldn't be expanded, and capital must expand. — Moliere
But yup, I like this too. In a sense I've looked at the Labor Theory of Value, since it uses an SI unit, as being a possible conservation law. — Moliere
Though for me, I'd actually not want to de-emphasize the numbers as Harvey did. One of the things that would excite me is if I could utilize these to begin to understand a way of setting up formulas, make measurements, etc. -- that is, I'm interested in Marx, in addition to the many ways he's used, but in his original purpose: as a scientific project of economics. It's one of those questions that's always interested me. — Moliere
Nope! I agree that the raw materials are a commodity. The means of production (the factory, the spinner) are a commodity, the raw materials (wool) are, and so is the living labor purchased. In order for raw materials, like gold or iron or what have you, to enter into the economic relation, even though they are there beforehand, they must be worked, so they have labor time invested in them. — Moliere
I have one but: I thought the first "C" in "M-C-C-M" was the purchase of the labor commodity. Fortunately, I think this doesn't really do much against your breakdown. Flip 'em around and it works. The commodity labor is purchased and then does work on raw materials with the instruments(means) to create a commodity to be sold on the market which then yields money, having been sold. — Moliere
“Differently expressed: Exchange value, as regards its content, was originally an objectified amount of labour or labour time; as such it passed through circulation, in its objectification, until it became money, tangible money. It must now again posit the point of departure of circulation, which lay outside circulation, was presupposed to it, and for which circulation appeared as an external, penetrating and internally transforming movement; this point was labour; but [it must do so] now no longer as a simple equivalent or as a simple objectification of labour, but rather as objectified exchange value, now become independent, which yields itself to labour, becomes its material, only so as to renew itself and to begin circulating again by itself. And with that it is no longer a simple positing of equivalents, a preservation of its identity, as in circulation; but rather multiplication of itself. Exchange value posits itself as exchange value only by realizing itself; i.e. increasing its value. Money (as returned to itself from circulation), as capital, has lost its rigidity, and from a tangible thing has become a process. But at the same time, labour has changed its relation to its objectivity; it, too, has returned to itself[…]”
Exchange value posits itself as exchange value only by realizing itself; i.e. increasing its value. Money (as returned to itself from circulation), as capital, has lost its rigidity, and from a tangible thing has become a process. But at the same time, labour has changed its relation to its objectivity; it, too, has returned to itself
M-C-C-M thus seems to be M-C-M' from Capital: — fdrake
“Capital comes initially from circulation, and, moreover, its point of departure is money. We have seen that money which enters into circulation and at the same time returns from it to itself is the last requirement, in which money suspends itself. It is at the same time the first concept of capital, and the first form in which it appears. Money has negated itself as something which merely dissolves in circulation; but it has also equally negated itself as something which takes up an independent attitude towards circulation. This negation, as a single whole, in its positive aspects, contains the first elements of capital. Money is the first form in which capital as such appears. M–C–C–M; that money is exchanged for commodity and the commodity for money; this movement of buying in order to sell, which makes up the formal aspect of commerce, of capital as merchant capital, is found in the earliest conditions of economic development; it is the first movement in which exchange value as such forms the content – is not only the form but also its own content. This motion can take place within peoples, or between peoples for whose production exchange value[…]”[
“Commercial capital is only circulating capital, and circulating capital is the first form of capital; in which it has as yet by no means become the foundation of production. A more developed form is money capital and money interest, usury, whose independent appearance belongs in the same way to an earlier stage. ”
/quote]
M-C-C-M looks to be money capital of some kind. Labelled "merchant capital", but by the looks of it a "more developed form" of it is the "money capital" of the initial analysis of money capital in Vol 2 of Capital.
The C-C transition also seems to be construed as production:
“Circulation therefore does not carry within itself the principle of self-renewal. The moments of the latter are presupposed to it, not posited by it. Commodities constantly have to be thrown into it anew from the outside, like fuel into a fire. Otherwise it flickers out in indifference. It would die out with money, as the indifferent result which, in so far as it no longer stood in any connection with commodities, prices or circulation, would have ceased to be money, to express a relation of production; only its metallic existence would be left over, while its economic existence would be destroyed. Circulation, therefore, which appears as that which is immediately present on the surface of bourgeois society, exists only in so far as it is constantly mediated.
“We have therefore reached the point of departure again, production which posits, creates exchange values; but this time, production which presupposes circulation as a developed moment and which appears as a constant process, which posits circulation and constantly returns from it into itself in order to posit it anew. The movement which creates exchange value thus appears here in a much more complex form, since it is no longer only the movement of presupposed exchange values, or the movement which posits them formally as prices, but which creates, brings them forth at the same time as presuppositions. Production itself is here no longer present in advance of its products, i.e. presupposed; it rather appears as simultaneously bringing forth these results; but it does not bring them forth, as in the first stage, as merely leading into circulation, but as simultaneously presupposing circulation, the developed process of circulation. (Circulation consists at bottom only of the formal process of positing exchange value, sometimes in the role of the commodity, at other times in the role of money.)
“This movement appears in different forms, not only historically, as leading towards value-producing labour, but also within the system of bourgeois production itself, i.e. production for exchange value. ”
“Out of the act of exchange itself, the individual, each one of them, is reflected in himself as its exclusive and dominant (determinant) subject. With that, then, the complete freedom of the individual is posited: voluntary transaction; no force on either side; positing of the self as means, or as serving, only as means, in order to posit the self as end in itself, as dominant and primary [übergreifend]; finally, the self-seeking interest which brings nothing of a higher order to realization; the other is also recognized and acknowledged as one who likewise realizes his self-seeking interest, so that both know that the common interest exists only in the duality, many-sidedness, and autonomous development of the exchanges between self-seeking interests. The general interest is precisely the generality of self-seeking interests. Therefore, when the economic form, exchange, posits the all-sided equality of its subjects, then the content, the individual as well as the objective material which drives towards the exchange, is freedom. Equality and freedom are thus not only respected in exchange based on exchange values but, also, the exchange of exchange values is the productive, real basis of all equality and freedom.”
“In Roman law, the servus is therefore correctly defined as one who may not enter into exchange for the purpose of acquiring anything for himself (see the Institutes). [22] It is, consequently, equally clear that although this legal system corresponds to a social state in which exchange was by no means developed, nevertheless, in so far as it was developed in a limited sphere, it was able to develop the attributes of the juridical person, precisely of the individual engaged in exchange, and thus anticipate (in its basic aspects) the legal relations of industrial society, and in particular the legal relations of industrial society, and in particular the right which rising bourgeois society had necessarily to assert against medieval society. But the development of this right itself coincides completely with the dissolution of the Roman community.”
There were two "buts" I had while reading (I'm sticking to my no working on weekends commitment.;) ) — Moliere
I can't tell if we're supposed to be able to derive how much money should be in circulation at a given time, or if it'd be better to somehow substitute, for M1, some function of the quantity of goods in a market, something like a supply-demand function. At times it seems like he's focused on a single commodity market, almost as literally as the market metaphor would have us think, and then he quickly expands to say "of course the banker pays the grocer pays the clerk pays the gas man and that would influence how much money is needed too". — Moliere
for M1, some function of the quantity of goods in a market, something like a supply-demand function
With circulation, the determined price is presupposed, and circulation as money posits it only formally. The determinateness of exchange value itself, or the measure of price, must now itself appear as an act of circulation. Posited in this way, exchange value is capital, and circulation is posited at the same time as an act of production. — Marx
exchange value itself, and now no longer exchange value in general, but measured exchange value, has to appear as a presupposition posited by circulation itself, and, as posited by it, its presupposition. The process of circulation must also and equally appear as the process of the production of exchange values. — Marx
Also, and this may be nothing I'll say up front -- I'm wondering about the differences between M-C-C-M/C-M-M-C and the latter, as you've broken it out. (EDIT: Just to be clear, "the latter" I mean M-C-M/C-M-C, "latter" as in coming from Capital) — Moliere
When we now examine the original form more closely, the direct form in which circulation presents itself, C–M–M–C, then we see that money appears here as a pure medium of exchange. The commodity is exchanged for a commodity, and money appears merely as the medium of this exchange. The price of the first commodity is realized with money, in order to realize the price of the second commodity with the money, and thus to obtain it in exchange for the first. After the price of the first commodity is realized, the aim of the person who now has its price in money is not to obtain the price of the second commodity, but rather to pay its price in order to obtain the commodity. — Marx, Grundrisse
“Regarded as measure the material substance of money is essential, although its availability and even more its quantity, the amount of the portion of gold or silver which serves as unit, are entirely irrelevant for it in this quality, and it is employed in general only as an imaginary, non-existent unit. In this quality it is needed as a unit and not as an amount.
“We now pass on to the third function of money; which initially results from the second form of circulation: M–C–C–M; in which money appears not only as medium, nor as measure, but as end-in-itself, and hence steps outside circulation just like a particular commodity which ceases to circulate for the time being and changes from marchandise to denrée.
“Money, then, has an independent existence outside circulation; it has stepped outside it. As a particular commodity it can be transformed out of its form of money into that of luxury articles, gold and silver jewellery (as long as craftsmanship is still very simple, as e.g. in the old English period, a constant transformation of silver money into plate and vice versa. See Taylor) [72] ; or, as money, it can be accumulated to form a treasure."
"“This comes from its independence as a result of M–C–C–M. In the case of money as capital, money itself is posited (1) as precondition of circulation as well as its result; (2) as having independence only in the form of a negative relation, but always a relation to circulation; (3) as itself an instrument of production, since circulation no longer appears in its primitive simplicity, as quantitative exchange, but as a process of production, as a real metabolism”
But first it must be noted that, once the quality of money as an intrinsic relation of production generally founded on exchange value is presupposed, it is possible to demonstrate that in some particular cases it does service as an instrument of production. ‘The utility of gold and silver rests on this, that they replace labour.’ (Lauderdale, p. 11.) [71] Without money, a mass of swaps would be necessary before one obtained the desired article in exchange. Furthermore, in each particular exchange one would have to undertake an investigation into the relative value of commodities. Money spares us the first task in its role as instrument of exchange (instrument of commerce); the second task, as measure of value and representative of all commodities (idem, loc. cit.). The opposite assertion, that money is not productive, amounts only to saying that, apart from the functions in which it is productive, as measure, instrument of circulation and representative of value, it is unproductive; that its quantity is productive only in so far as it is necessary to fulfil these preconditions.
Buying in order to sell, or, more accurately, buying in order to sell dearer, M—C—M′, appears certainly to be a form peculiar to one kind of capital alone, namely, merchants’ capital. But industrial capital too is money, that is changed into commodities, and by the sale of these commodities, is re-converted into more money. The events that take place outside the sphere of circulation, in the interval between the buying and selling, do not affect the form of this movement. Lastly, in the case of interest-bearing capital, the circulation M—C—M′ appears abridged. We have its result without the intermediate stage, in the form M—M′, “en style lapidaire” so to say, money that is worth more money, value that is greater than itself. — Marx, Capital Vol 1
The circular movement [1] of capital takes place in three stages, which, according to the presentation in Volume I, form the following series:
First stage: The capitalist appears as a buyer on the commodity- and the labour-market; his money is transformed into commodities, or it goes through the circulation act M — C.
Second Stage: Productive consumption of the purchased commodities by the capitalist. He acts as a capitalist producer of commodities; his capital passes through the process of production. The result is a commodity of more value than that of the elements entering into its production.
Third Stage: The capitalist returns to the market as a seller; his commodities are turned into money; or they pass through the circulation act C — M.
Hence the formula for the circuit of money-capital is: M — C ... P ... C' — M', the dots indicating that the process of circulation is interrupted,and C' and M' designating C and M increased by surplus-value. — Marx, Capital Vol 2