Re: [OPE-L] A question on literature concerning "hoards" in Volume 2 of Capital

From: Rakesh Bhandari (bhandari@BERKELEY.EDU)
Date: Fri Nov 10 2006 - 22:12:17 EST

>Dear members of OPE-L,
>I have a question concerning literature on the Marxian treatment of "hoards"
>in Volume II of Capital. The only texts on this subject I know are by (OPE-L
>list member?) Martha Campbell and by Makoto Itoh/Costas Lapavitsas. Most
>other literature on Volume 2 refers - as far as I can see - to the schemes
>of reproduction and is focussed more on quantitative aspects than on
>questions concerning "form-analysis". Martha Campbell (1998: 130) argues -
>among other things - "that the hoards required for the circulation of
>capital are the source of funds in the credit system (the banking system and
>stock and bond markets)". The later is addressed in Volume III. Of course,
>Marx knows about the historical antecedence of hoard-building, but it is his
>argument - and this concerns to the logic of his methodological approach -
>that they are a necessary outcome of the circulation of capital (as
>discussed in Volume II).

Not quite up to date...Hilferding in Finance Capital...somewhere....
Hanno, please elaborate on how this concerns the logic of Marx's
methodological approach...


>So I would be glad if anyone knows some literature on Volume II that
>addresses these aspects (or aspects on form-analysis in general) and could
>tell me.
>Thanks in advance,
>Hanno Pahl

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