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Marx, Capital (1867). The physicist either observes natural processes where they occur in their most significant form, and are least affected by disturbing.

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Presentation on theme: "Marx, Capital (1867). The physicist either observes natural processes where they occur in their most significant form, and are least affected by disturbing."— Presentation transcript:

1 Marx, Capital (1867)

2 The physicist either observes natural processes where they occur in their most significant form, and are least affected by disturbing influences, or, wherever possible, he makes experiments under conditions which ensure that the process will occur in its pure state. What I have to examine in this work is the capitalist mode of production, and the relations of production and forms of intercourse that correspond to it. Until now, their locus classicus has been England. This is the reason why England is used as the main illustration of the theoretical developments I make. (Capital, Preface to the First Edition)

3 “The wealth of societies in which the capitalist mode of production prevails appears as an ‘immense collection of commodities’; the individual commodity appears as its elementary form. Our analysis therefore begins with the analysis of the commodity” (125).

4 “immense collection of commodities” / “eine ‘ungeheure Warensammlung” ungeheure = immense or monstrous

5

6 Quality Quantity Use-valueExchange-value Concrete, sensuous Abstract, numerical Natural-form Value-form (138) Worth Value

7 Marx: “What exclusively determines the magnitude of the value of an article is therefore the amount of labour socially necessary, or the labour-time socially necessary for its production” (129). “Let us now look at the residues of the products of labour. There is nothing left of them in each case but the same phantom-like objectivity; they are merely congealed quantities ofhomogeneous human labour... As crystals of this social substance, which is common to them all, they are values – commodity values. (128)

8 “Hidden within this market exchange of things is a relation between you, the consumer, and the direct producers-those who labored to produce the lettuce. Not only do you not have to know anything about that labor or the laborers who congealed value in the lettuce in order to buy it; in highly complicated systems of exchange it is impossible to know anything about the labor or the laborers, which is why fetishism is inevitable in the world market. The end result is that our social relation to the laboring activities of others is disguised in the relationships between things. You cannot, for example, figure out in the supermarket whether the lettuce has been produced by happy laborers, miserable laborers, slave laborers, wage laborers or some self- employed peasant. The lettuces are mute, as it were, as to how they were produced and who produced them.” (Harvey)

9 Marx: The mysterious character of the commodity- form consists... simply in the fact that the commodity reflects the social characteristics of men's own labour as objective characteristics of the products of labour themselves, as the socio-natural properties of these things. (164-5) “To the producers, therefore, the social relations between their private labours appear as what they are, i.e. they do not appear as direct social relations between persons in their work, but rather as material... relations between persons and social relations between things” (165-6).


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