Re: [OPE-L] glossary for V1 of _Capital

From: GERALD LEVY (gerald_a_levy@MSN.COM)
Date: Wed Jan 09 2008 - 09:43:21 EST

> Capital, as "a sum of money used to obtain more money", is a formalist> concept and intentionally so: It is the "form of appearance" of an> underlying relation between economic agents. 
Hi Dave Z:
I would emphasize a missing word: money is a *necessary* form of 
appearance of exchange-value, value, surplus value, and profit 
(and it represents a necessary moment in the transformation of 
surplus-value into capital).   The point here is that money 
insinuates itself into every aspect of social relations among economic 
agents.  It is not simply a matter of obscuring social relations; it
is a matter of how social relations come in part to be expressed 
through money.   On the basis of what has been said, though, it's 
hard to tell whether we agree or disagree on matters of  theoretical 
substance or simply emphasis.
In solidarity, Jerry

This archive was generated by hypermail 2.1.5 : Thu Jan 31 2008 - 00:00:06 EST